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New Mountain Finance

138 hedge funds and large institutions have $386M invested in New Mountain Finance in 2019 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 52 increasing their positions, 36 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 11

44% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 36

13% more capital invested

Capital invested by funds: $342M → $386M (+$44.3M)

9% more funds holding

Funds holding: 127138 (+11)

1% more ownership

Funds ownership: 35.71%36.71% (+1%)

0% more funds holding in top 10

Funds holding in top 10: 55 (0)

69% less call options, than puts

Call options by funds: $221K | Put options by funds: $712K

Holders
138
Holders Change
+11
Holders Change %
+8.66%
% of All Funds
2.99%
Holding in Top 10
5
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.11%
New
22
Increased
52
Reduced
36
Closed
11
Calls
$221K
Puts
$712K
Net Calls
-$491K
Net Calls Change
-$696K
Name Holding Trade Value Shares
Change
Change in
Stake
MCM
26
McKinley Capital Management
Alaska
$3.32M +$35.1K +2,576 +1%
Grantham, Mayo, Van Otterloo & Co (GMO)
27
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$3.21M +$3.22M +236,600 New
POIA
28
Pin Oak Investment Advisors
Texas
$3.21M -$155K -11,413 -5%
AR
29
Advisory Research
Illinois
$3.12M +$220K +16,155 +8%
SMDAM
30
Sumitomo Mitsui DS Asset Management
Japan
$2.86M +$188K +13,842 +7%
Invesco
31
Invesco
Georgia
$2.55M +$925K +67,913 +56%
KCM
32
Kennedy Capital Management
Missouri
$2.52M -$113K -8,300 -4%
Janney Montgomery Scott
33
Janney Montgomery Scott
Pennsylvania
$2.36M -$34K -2,501 -1%
Two Sigma Investments
34
Two Sigma Investments
New York
$2.31M +$1.21M +88,977 +110%
Ameriprise
35
Ameriprise
Minnesota
$2.13M +$843K +61,909 +65%
AG
36
Advisor Group
Arizona
$2.08M +$185K +13,612 +10%
Deutsche Bank
37
Deutsche Bank
Germany
$2.04M +$1.52M +111,935 +293%
Susquehanna International Group
38
Susquehanna International Group
Pennsylvania
$2M +$549K +40,345 +38%
ECA
39
Elevated Capital Advisors
Utah
$1.82M +$3.42M +251,321 New
AIMCA
40
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$1.65M
AG
41
AlphaSimPlex Group
Massachusetts
$1.58M +$1.58M +116,409 New
Acadian Asset Management
42
Acadian Asset Management
Massachusetts
$1.37M +$1.37M +100,801 New
SPC
43
Sigma Planning Corp
Michigan
$1.29M +$33.2K +2,438 +3%
BCM
44
Beck Capital Management
Texas
$1.26M +$92.6K +6,804 +8%
MCM
45
Monument Capital Management
Virginia
$1.21M -$40.5K -2,974 -3%
D.E. Shaw & Co
46
D.E. Shaw & Co
New York
$1.21M +$980K +71,967 +420%
Commonwealth Equity Services
47
Commonwealth Equity Services
Massachusetts
$1.15M +$194K +14,268 +20%
AWM
48
Altium Wealth Management
New York
$1.1M
RJA
49
Raymond James & Associates
Florida
$1M +$121K +8,906 +14%
Macquarie Group
50
Macquarie Group
Australia
$976K -$12.3K -900 -1%

NMFC Hedge Fund Activity: Q1 2019 in Review

138 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q1 2019, worth a combined $386M — up 13% from $342M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new NMFC positions and 11 closed out — a net gain of 11 holders — while 52 added to existing stakes and 36 trimmed.

The largest buyer was Arrowstreet Capital, adding an estimated $13.5M. The largest seller was Ares Management, exiting entirely with an estimated $8.82M sold.

  • 138 institutional investors held New Mountain Finance (NMFC) as of Q1 2019, up from 127 in Q4 2018.
  • Funds reported $386M of New Mountain Finance stock for Q1 2019, up 13% quarter-over-quarter.
  • 22 funds opened new New Mountain Finance positions in Q1 2019 and 11 closed out, a net change of +11 holders.
  • The largest New Mountain Finance buyer in Q1 2019 was Arrowstreet Capital, an estimated $13.5M added.
  • The largest New Mountain Finance seller in Q1 2019 was Ares Management, an estimated $8.82M sold.

Based on aggregated 13F filings for Q1 2019.