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New Mountain Finance

115 hedge funds and large institutions have $353M invested in New Mountain Finance in 2016 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 34 increasing their positions, 46 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 11

33% more funds holding in top 10

Funds holding in top 10: 34 (+1)

12% more capital invested

Capital invested by funds: $314M → $353M (+$39M)

6% more funds holding

Funds holding: 109115 (+6)

2.14% more ownership

Funds ownership: 38.11%40.25% (+2.1%)

26% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 46

60% less call options, than puts

Call options by funds: $69K | Put options by funds: $171K

Holders
115
Holders Change
+6
Holders Change %
+5.5%
% of All Funds
3.07%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
19
Increased
34
Reduced
46
Closed
11
Calls
$69K
Puts
$171K
Net Calls
-$102K
Net Calls Change
-$165K
Name Holding Trade Value Shares
Change
Change in
Stake
VanEck Associates
26
VanEck Associates
New York
$3.42M +$87.9K +6,432 +3%
Janney Montgomery Scott
27
Janney Montgomery Scott
Pennsylvania
$3.23M -$2.27M -166,331 -41%
MCM
28
McKinley Capital Management
Alaska
$3.14M +$326K +23,854 +12%
HighTower Advisors
29
HighTower Advisors
Illinois
$2.27M +$663K +48,530 +42%
LSV Asset Management
30
LSV Asset Management
Illinois
$2.05M -$217K -15,900 -10%
PC
31
Polar Capital
United Kingdom
$2.03M
Legal & General Group
32
Legal & General Group
United Kingdom
$1.95M +$221K +16,181 +13%
CCP
33
Clough Capital Partners
Massachusetts
$1.9M +$1.89M +138,113 New
Millennium Management
34
Millennium Management
New York
$1.88M -$2.04K -149 -0.1%
PAWC
35
P.A.W. Capital
Connecticut
$1.86M -$205K -15,000 -10%
NFA
36
Nuveen Fund Advisors
Illinois
$1.71M -$40.2K -2,942 -2%
Brown Advisory
37
Brown Advisory
Maryland
$1.65M
New York State Common Retirement Fund
38
New York State Common Retirement Fund
New York
$1.59M -$1.44M -105,091 -48%
Norges Bank
39
Norges Bank
Norway
$1.58M -$684K -50,000 -29%
CS
40
Credit Suisse
Switzerland
$1.51M -$318K -23,271 -17%
RP
41
Raiff Partners
New York
$1.38M +$1.37M +100,000 New
AR
42
Advisory Research
Illinois
$1.25M +$1.24M +90,894 New
SMDAM
43
Sumitomo Mitsui DS Asset Management
Japan
$1.11M +$1.11M +80,855 New
Susquehanna International Group
44
Susquehanna International Group
Pennsylvania
$1.07M +$1.07M +77,938 New
Deutsche Bank
45
Deutsche Bank
Germany
$1.07M +$1.05M +76,861 +9,161%
Macquarie Group
46
Macquarie Group
Australia
$989K -$1.42M -103,700 -59%
PA
47
Para Advisors
New York
$963K -$205K -15,000 -18%
TC
48
Telemus Capital
Michigan
$963K
SPC
49
Sigma Planning Corp
Michigan
$887K +$169K +12,341 +24%
Comerica Bank
50
Comerica Bank
Texas
$858K +$47.2K +3,450 +6%

NMFC Hedge Fund Activity: Q3 2016 in Review

115 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q3 2016, worth a combined $353M — up 12% from $314M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new NMFC positions and 11 closed out — a net gain of 8 holders — while 34 added to existing stakes and 46 trimmed.

The largest buyer was State of New Jersey Common Pension Fund D, opening a new position worth an estimated $13.7M. The largest seller was Advisors Asset Management, cutting an estimated $4.52M.

  • 115 institutional investors held New Mountain Finance (NMFC) as of Q3 2016, up from 109 in Q2 2016.
  • Funds reported $353M of New Mountain Finance stock for Q3 2016, up 12% quarter-over-quarter.
  • 19 funds opened new New Mountain Finance positions in Q3 2016 and 11 closed out, a net change of +8 holders.
  • The largest New Mountain Finance buyer in Q3 2016 was State of New Jersey Common Pension Fund D, an estimated $13.7M added.
  • The largest New Mountain Finance seller in Q3 2016 was Advisors Asset Management, an estimated $4.52M sold.

Based on aggregated 13F filings for Q3 2016.