Mackinac Financial Corporation
MFNC
MFNC was delisted on the 3rd of September, 2021.
59 hedge funds and large institutions have $97.2M invested in Mackinac Financial Corporation in 2019 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 14 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
64% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 14
15% more capital invested
Capital invested by funds: $84.4M → $97.2M (+$12.7M)
2% more funds holding
Funds holding: 58 → 59 (+1)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$3.27M |
| 2 |
Bank of New York Mellon
New York
|
+$701K |
| 3 |
EWA
ERTS Wealth Advisors
Marquette,
Michigan
|
+$697K |
| 4 |
WC
Walthausen & Co
Malta,
New York
|
+$502K |
| 5 |
State Street
Boston,
Massachusetts
|
+$220K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jacobs Asset Management
New York
|
-$2.09M |
| 2 |
Millennium Management
New York
|
-$200K |
| 3 |
BFIM
Beese Fulmer Investment Management
Canton,
Ohio
|
-$196K |
| 4 |
SC
Southside Capital
Miami Beach,
Florida
|
-$187K |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$160K |
MFNC Hedge Fund Activity: Q4 2019 in Review
59 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Mackinac Financial Corporation (MFNC) for Q4 2019, worth a combined $97.2M — up 15% from $84.4M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new MFNC positions and 2 closed out — a net gain of 3 holders — while 23 added to existing stakes and 14 trimmed.
The largest buyer was Kennedy Capital Management, adding an estimated $3.27M. The largest seller was Jacobs Asset Management, cutting an estimated $2.09M.
- 59 institutional investors held Mackinac Financial Corporation (MFNC) as of Q4 2019, up from 58 in Q3 2019.
- Funds reported $97.2M of Mackinac Financial Corporation stock for Q4 2019, up 15% quarter-over-quarter.
- 5 funds opened new Mackinac Financial Corporation positions in Q4 2019 and 2 closed out, a net change of +3 holders.
- The largest Mackinac Financial Corporation buyer in Q4 2019 was Kennedy Capital Management, an estimated $3.27M added.
- The largest Mackinac Financial Corporation seller in Q4 2019 was Jacobs Asset Management, an estimated $2.09M sold.
Based on aggregated 13F filings for Q4 2019.