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New Mountain Finance

161 hedge funds and large institutions have $423M invested in New Mountain Finance in 2023 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 52 increasing their positions, 46 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,450% more call options, than puts

Call options by funds: $558K | Put options by funds: $36K

57% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 14

13% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 46

5% more funds holding

Funds holding: 153161 (+8)

4% more capital invested

Capital invested by funds: $406M → $423M (+$17.3M)

0.05% more ownership

Funds ownership: 32.33%32.38% (+0.05%)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

Holders
161
Holders Change
+8
Holders Change %
+5.23%
% of All Funds
2.56%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
22
Increased
52
Reduced
46
Closed
14
Calls
$558K
Puts
$36K
Net Calls
+$522K
Net Calls Change
+$148K
Name Holding Trade Value Shares
Change
Change in
Stake
Wells Fargo
26
Wells Fargo
California
$3.25M +$83K +6,509 +3%
Neuberger Berman Group
27
Neuberger Berman Group
New York
$3.14M +$60K +4,705 +2%
CCM
28
Condor Capital Management
New Jersey
$2.95M +$330K +25,899 +13%
Goldman Sachs
29
Goldman Sachs
New York
$2.84M +$1.82M +142,868 +186%
Ameriprise
30
Ameriprise
Minnesota
$2.46M +$313K +24,544 +15%
RA
31
Rockingstone Advisors
Massachusetts
$2.45M -$31.7K -2,490 -1%
CAPTRUST Financial Advisors
32
CAPTRUST Financial Advisors
North Carolina
$2.43M -$15K -1,179 -0.6%
HWAM
33
Hennion & Walsh Asset Management
New Jersey
$2.05M -$993K -77,919 -33%
Tudor Investment Corp
34
Tudor Investment Corp
Connecticut
$2.04M +$2.01M +157,816 New
Royal Bank of Canada
35
Royal Bank of Canada
Ontario, Canada
$2.01M -$4.27K -335 -0.2%
Janney Montgomery Scott
36
Janney Montgomery Scott
Pennsylvania
$1.84M -$4.72K -370 -0.3%
MCM
37
McKinley Capital Management
Alaska
$1.82M -$103K -8,045 -5%
EIP
38
Epoch Investment Partners
New York
$1.77M +$310K +24,281 +22%
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$1.72M +$134K +10,504 +9%
LPL Financial
40
LPL Financial
California
$1.72M -$116K -9,063 -6%
AIMCA
41
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$1.58M
GA
42
GraniteShares Advisors
New York
$1.55M +$58.4K +4,585 +4%
BI
43
Bramshill Investments
Florida
$1.44M -$178K -13,930 -11%
Cambridge Investment Research Advisors
44
Cambridge Investment Research Advisors
Iowa
$1.36M +$18.5K +1,455 +1%
TP
45
Tranquility Partners
Tennessee
$1.29M +$29.4K +2,305 +2%
SSA
46
Schonfeld Strategic Advisors
New York
$1.27M -$407K -31,900 -24%
Macquarie Group
47
Macquarie Group
Australia
$1.23M
AM
48
Ares Management
California
$1.21M
Canada Life
49
Canada Life
Manitoba, Canada
$1.13M +$12K +942 +1%
CG
50
Cynosure Group
Utah
$1.11M +$17.7K +1,391 +2%

NMFC Hedge Fund Activity: Q3 2023 in Review

161 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q3 2023, worth a combined $423M — up 4.3% from $406M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new NMFC positions and 14 closed out — a net gain of 8 holders — while 52 added to existing stakes and 46 trimmed.

The largest buyer was Acadian Asset Management, opening a new position worth an estimated $4.39M. The largest seller was Advisors Capital Management, exiting entirely with an estimated $4.48M sold.

  • 161 institutional investors held New Mountain Finance (NMFC) as of Q3 2023, up from 153 in Q2 2023.
  • Funds reported $423M of New Mountain Finance stock for Q3 2023, up 4.3% quarter-over-quarter.
  • 22 funds opened new New Mountain Finance positions in Q3 2023 and 14 closed out, a net change of +8 holders.
  • The largest New Mountain Finance buyer in Q3 2023 was Acadian Asset Management, an estimated $4.39M added.
  • The largest New Mountain Finance seller in Q3 2023 was Advisors Capital Management, an estimated $4.48M sold.

Based on aggregated 13F filings for Q3 2023.