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New Mountain Finance
NMFC

165 hedge funds and large institutions have $363M invested in New Mountain Finance in 2025 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 57 increasing their positions, 51 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

142% more call options, than puts

Call options by funds: $533K | Put options by funds: $220K

12% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 51

1.71% less ownership

Funds ownership: 32.22% → 30.51% (-1.7%)

2% less funds holding

Funds holding: 169 → 165 (-4)

7% less capital invested

Capital invested by funds: $392M → $363M (-$28.6M)

14% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 22

Holders
165
Holders Change
-4
Holders Change %
-2.37%
% of All Funds
2.21%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
19
Increased
57
Reduced
51
Closed
22
Calls
$533K
Puts
$220K
Net Calls
+$313K
Net Calls Change
-$233K

Top Buyers

Rank Fund Capital Flow
1
TCA
Transcend Capital Advisors
New Jersey
+$4.83M
2
LSV Asset Management
LSV Asset Management
Illinois
+$3.95M
3
UBS Group
UBS Group
Switzerland
+$3.48M
4
Pathstone Holdings
Pathstone Holdings
New Jersey
+$3.38M
5
Millennium Management
Millennium Management
New York
+$2.18M

Top Sellers

Rank Fund Capital Flow
1
Allspring Global Investments
Allspring Global Investments
North Carolina
-$28.2M
2
HighTower Advisors
HighTower Advisors
Illinois
-$14.2M
3
Cerity Partners
Cerity Partners
New York
-$2.68M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$1.27M
5
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$1.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
HWAM
26
Hennion & Walsh Asset Management
New Jersey
$3.46M +$676K +59,249 +23%
Pathstone Holdings
27
Pathstone Holdings
New Jersey
$3.27M +$3.38M +296,226 New
TI
28
Trexquant Investment
Connecticut
$3.22M +$1.43M +125,230 +75%
RA
29
Rockingstone Advisors
Massachusetts
$3.03M -$87.8K -7,705 -3%
Ameriprise
30
Ameriprise
Minnesota
$2.88M +$518K +45,395 +21%
MFG
31
Merit Financial Group
Georgia
$2.87M +$12K +1,052 +0.4%
AAM
32
Advisors Asset Management
Colorado
$2.74M +$219K +19,243 +8%
GA
33
GraniteShares Advisors
New York
$2.56M +$161K +14,090 +6%
Wells Fargo
34
Wells Fargo
California
$2.53M +$13.5K +1,180 +0.5%
Universal-Beteiligungs- und Servicegesellschaft
35
Universal-Beteiligungs- und Servicegesellschaft
Germany
$2.31M – – –
NW
36
Naviter Wealth
Arkansas
$2.25M +$97.5K +8,548 +5%
BAMF
37
BI Asset Management Fondsmaeglerselskab
Denmark
$2.21M +$1.19M +104,620 +109%
PIWA
38
Prevail Innovative Wealth Advisors
Kansas
$2.12M +$159K +13,907 +8%
LPL Financial
39
LPL Financial
California
$2.03M +$106K +9,260 +5%
FNT
40
First National Trust
Pennsylvania
$1.87M +$54.5K +4,780 +3%
WIA
41
Wealthedge Investment Advisors
New York
$1.69M +$1.13M +98,936 +183%
MCCA
42
Mill Creek Capital Advisors
Pennsylvania
$1.64M – – –
MPPLM
43
Midwest Professional Planners Ltd (MPPL)
Wisconsin
$1.6M +$40.1K +3,513 +2%
Cambridge Investment Research Advisors
44
Cambridge Investment Research Advisors
Iowa
$1.58M -$3.23K -283 -0.2%
DWT
45
Dorsey & Whitney Trust
South Dakota
$1.49M – – –
AIMCA
46
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$1.34M – – –
Janney Montgomery Scott
47
Janney Montgomery Scott
Pennsylvania
$1.34M -$19.7K -1,725 -1%
TP
48
Tranquility Partners
Tennessee
$1.33M +$337K +29,600 +33%
Neuberger Berman Group
49
Neuberger Berman Group
New York
$1.31M -$436K -38,230 -24%
DA
50
Denali Advisors
California
$1.31M +$147K +12,895 +12%
1
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3 4 5

NMFC Hedge Fund Activity: Q1 2025 in Review

165 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q1 2025, worth a combined $363M — down 7.3% from $392M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of NMFC and 19 opened new positions — a net loss of 3 holders — while 51 trimmed existing stakes and 57 added.

The largest buyer was Transcend Capital Advisors, opening a new position worth an estimated $4.83M. The largest seller was Allspring Global Investments, cutting an estimated $28.2M.

  • 165 institutional investors held New Mountain Finance (NMFC) as of Q1 2025, down from 169 in Q4 2024.
  • Funds reported $363M of New Mountain Finance stock for Q1 2025, down 7.3% quarter-over-quarter.
  • 19 funds opened new New Mountain Finance positions in Q1 2025 and 22 closed out, a net change of -3 holders.
  • The largest New Mountain Finance buyer in Q1 2025 was Transcend Capital Advisors, an estimated $4.83M added.
  • The largest New Mountain Finance seller in Q1 2025 was Allspring Global Investments, an estimated $28.2M sold.

Based on aggregated 13F filings for Q1 2025.