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New Mountain Finance
NMFC

158 hedge funds and large institutions have $326M invested in New Mountain Finance in 2025 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 48 increasing their positions, 48 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,200% more call options, than puts

Call options by funds: $247K | Put options by funds: $19K

0% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 48

1.2% less ownership

Funds ownership: 28.89% → 27.69% (-1.2%)

4% less funds holding

Funds holding: 164 → 158 (-6)

12% less capital invested

Capital invested by funds: $372M → $326M (-$46.3M)

16% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 25

Holders
158
Holders Change
-6
Holders Change %
-3.66%
% of All Funds
2.07%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
21
Increased
48
Reduced
48
Closed
25
Calls
$247K
Puts
$19K
Net Calls
+$228K
Net Calls Change
+$161K

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$4.76M
2
JP Morgan Chase
JP Morgan Chase
New York
+$3.77M
3
Wells Fargo
Wells Fargo
California
+$1.99M
4
Invesco
Invesco
Georgia
+$1.97M
5
DCM
Dimension Capital Management
Florida
+$1.89M

Top Sellers

Rank Fund Capital Flow
1
Cerity Partners
Cerity Partners
New York
-$7.23M
2
Two Sigma Advisers
Two Sigma Advisers
New York
-$4.66M
3
Millennium Management
Millennium Management
New York
-$4.25M
4
Two Sigma Investments
Two Sigma Investments
New York
-$3.14M
5
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$2.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
CIM
26
Confluence Investment Management
Missouri
$3.07M -$528K -50,935 -14%
TP
27
Tranquility Partners
Tennessee
$3.05M +$877K +84,584 +36%
Pathstone Holdings
28
Pathstone Holdings
New Jersey
$2.99M +$137K +13,220 +4%
Ameriprise
29
Ameriprise
Minnesota
$2.76M -$18.6K -1,793 -0.6%
GA
30
GraniteShares Advisors
New York
$2.62M +$248K +23,953 +10%
LPL Financial
31
LPL Financial
California
$2.57M +$778K +75,032 +39%
Kovitz Investment Group Partners
32
Kovitz Investment Group Partners
Illinois
$2.3M +$519K +50,066 +27%
AAM
33
Advisors Asset Management
Colorado
$2.23M +$162K +15,622 +7%
Universal-Beteiligungs- und Servicegesellschaft
34
Universal-Beteiligungs- und Servicegesellschaft
Germany
$2.02M – – –
BAMF
35
BI Asset Management Fondsmaeglerselskab
Denmark
$1.99M +$62.5K +6,022 +3%
NW
36
Naviter Wealth
Arkansas
$1.96M -$27.7K -2,672 -1%
RA
37
Rockingstone Advisors
Massachusetts
$1.8M -$153K -14,720 -7%
MCCA
38
Mill Creek Capital Advisors
Pennsylvania
$1.44M – – –
ACM
39
Arlington Capital Management
Illinois
$1.23M +$391K +37,722 +42%
Cambridge Investment Research Advisors
40
Cambridge Investment Research Advisors
Iowa
$1.21M -$309K -29,754 -19%
Neuberger Berman Group
41
Neuberger Berman Group
New York
$1.1M -$30.9K -2,978 -3%
Canada Life
42
Canada Life
Manitoba, Canada
$1.1M +$189K +18,257 +19%
DWT
43
Dorsey & Whitney Trust
South Dakota
$1.08M – – –
State Street
44
State Street
Massachusetts
$1.02M +$30.4K +2,931 +3%
Janney Montgomery Scott
45
Janney Montgomery Scott
Pennsylvania
$1M -$112K -10,774 -9%
VIA
46
Virtus Investment Advisers
Connecticut
$944K +$104K +10,011 +11%
DA
47
Denali Advisors
California
$939K -$191K -18,392 -16%
WIA
48
Wealthedge Investment Advisors
New York
$928K -$453K -43,675 -31%
Royal Bank of Canada
49
Royal Bank of Canada
Ontario, Canada
$922K +$7.56K +729 +0.8%
Macquarie Group
50
Macquarie Group
Australia
$919K – – –
1
2
3 4 5

NMFC Hedge Fund Activity: Q3 2025 in Review

158 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q3 2025, worth a combined $326M — down 12% from $372M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of NMFC and 21 opened new positions — a net loss of 4 holders — while 48 trimmed existing stakes and 48 added.

The largest buyer was Bank of America, adding an estimated $4.76M. The largest seller was Cerity Partners, cutting an estimated $7.23M.

  • 158 institutional investors held New Mountain Finance (NMFC) as of Q3 2025, down from 164 in Q2 2025.
  • Funds reported $326M of New Mountain Finance stock for Q3 2025, down 12% quarter-over-quarter.
  • 21 funds opened new New Mountain Finance positions in Q3 2025 and 25 closed out, a net change of -4 holders.
  • The largest New Mountain Finance buyer in Q3 2025 was Bank of America, an estimated $4.76M added.
  • The largest New Mountain Finance seller in Q3 2025 was Cerity Partners, an estimated $7.23M sold.

Based on aggregated 13F filings for Q3 2025.