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New Mountain Finance
NMFC

153 hedge funds and large institutions have $406M invested in New Mountain Finance in 2023 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 53 increasing their positions, 42 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

890% more call options, than puts

Call options by funds: $416K | Put options by funds: $42K

80% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 10

26% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 42

4% more funds holding

Funds holding: 147 → 153 (+6)

5% more capital invested

Capital invested by funds: $388M → $406M (+$18.2M)

0.65% more ownership

Funds ownership: 31.68% → 32.33% (+0.65%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
153
Holders Change
+6
Holders Change %
+4.08%
% of All Funds
2.4%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
18
Increased
53
Reduced
42
Closed
10
Calls
$416K
Puts
$42K
Net Calls
+$374K
Net Calls Change
-$74K

Top Buyers

Rank Fund Capital Flow
1
LSV Asset Management
LSV Asset Management
Illinois
+$3.35M
2
HighTower Advisors
HighTower Advisors
Illinois
+$2M
3
SSA
Schonfeld Strategic Advisors
New York
+$1.57M
4
Millennium Management
Millennium Management
New York
+$1.12M
5
HF
HRT Financial
New York
+$1.03M

Top Sellers

Rank Fund Capital Flow
1
C
Cliffwater
California
-$2.57M
2
Cerity Partners
Cerity Partners
New York
-$1.95M
3
Allspring Global Investments
Allspring Global Investments
North Carolina
-$572K
4
Wells Fargo
Wells Fargo
California
-$529K
5
MC
Muzinich & Co
New York
-$399K
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
26
Envestnet Asset Management
Illinois
$3.34M +$231K +19,190 +8%
Wells Fargo
27
Wells Fargo
California
$3.04M -$529K -43,818 -15%
Neuberger Berman Group
28
Neuberger Berman Group
New York
$2.96M -$30.5K -2,528 -1%
HWAM
29
Hennion & Walsh Asset Management
New Jersey
$2.94M -$302K -25,016 -10%
Cetera Investment Advisers
30
Cetera Investment Advisers
Illinois
$2.75M +$223K +18,505 +9%
CCM
31
Condor Capital Management
New Jersey
$2.51M +$194K +16,123 +9%
RA
32
Rockingstone Advisors
Massachusetts
$2.39M +$146K +12,105 +7%
CAPTRUST Financial Advisors
33
CAPTRUST Financial Advisors
North Carolina
$2.35M +$11.3K +937 +0.5%
Ameriprise
34
Ameriprise
Minnesota
$2.05M +$122K +10,118 +7%
Citadel Advisors
35
Citadel Advisors
Florida
$1.97M +$229K +18,947 +14%
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$1.93M -$220K -18,196 -10%
MCM
37
McKinley Capital Management
Alaska
$1.85M -$13.1K -1,084 -0.7%
Janney Montgomery Scott
38
Janney Montgomery Scott
Pennsylvania
$1.77M +$15K +1,243 +0.9%
LPL Financial
39
LPL Financial
California
$1.76M +$98.6K +8,174 +6%
SSA
40
Schonfeld Strategic Advisors
New York
$1.62M +$1.57M +130,300 New
BI
41
Bramshill Investments
Florida
$1.56M -$27.5K -2,283 -2%
Commonwealth Equity Services
42
Commonwealth Equity Services
Massachusetts
$1.52M -$16.8K -1,394 -1%
AIMCA
43
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$1.52M – – –
GA
44
GraniteShares Advisors
New York
$1.43M -$14.8K -1,223 -1%
EIP
45
Epoch Investment Partners
New York
$1.4M +$157K +12,981 +13%
Cambridge Investment Research Advisors
46
Cambridge Investment Research Advisors
Iowa
$1.29M +$298K +24,691 +31%
TP
47
Tranquility Partners
Tennessee
$1.21M +$85.5K +7,086 +8%
Macquarie Group
48
Macquarie Group
Australia
$1.19M – – –
AM
49
Ares Management
California
$1.16M – – –
ECM
50
ExodusPoint Capital Management
New York
$1.12M +$916K +75,947 +541%
1
2
3 4 5

NMFC Hedge Fund Activity: Q2 2023 in Review

153 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q2 2023, worth a combined $406M — up 4.7% from $388M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new NMFC positions and 10 closed out — a net gain of 8 holders — while 53 added to existing stakes and 42 trimmed.

The largest buyer was LSV Asset Management, adding an estimated $3.35M. The largest seller was Cliffwater, cutting an estimated $2.57M.

  • 153 institutional investors held New Mountain Finance (NMFC) as of Q2 2023, up from 147 in Q1 2023.
  • Funds reported $406M of New Mountain Finance stock for Q2 2023, up 4.7% quarter-over-quarter.
  • 18 funds opened new New Mountain Finance positions in Q2 2023 and 10 closed out, a net change of +8 holders.
  • The largest New Mountain Finance buyer in Q2 2023 was LSV Asset Management, an estimated $3.35M added.
  • The largest New Mountain Finance seller in Q2 2023 was Cliffwater, an estimated $2.57M sold.

Based on aggregated 13F filings for Q2 2023.