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New Mountain Finance

115 hedge funds and large institutions have $353M invested in New Mountain Finance in 2016 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 34 increasing their positions, 46 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 11

33% more funds holding in top 10

Funds holding in top 10: 34 (+1)

12% more capital invested

Capital invested by funds: $314M → $353M (+$39M)

6% more funds holding

Funds holding: 109115 (+6)

2.14% more ownership

Funds ownership: 38.11%40.25% (+2.1%)

26% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 46

60% less call options, than puts

Call options by funds: $69K | Put options by funds: $171K

Holders
115
Holders Change
+6
Holders Change %
+5.5%
% of All Funds
3.07%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
19
Increased
34
Reduced
46
Closed
11
Calls
$69K
Puts
$171K
Net Calls
-$102K
Net Calls Change
-$165K
Name Holding Trade Value Shares
Change
Change in
Stake
Two Sigma Investments
51
Two Sigma Investments
New York
$802K +$797K +58,277 New
Citadel Advisors
52
Citadel Advisors
Florida
$798K +$191K +13,946 +32%
Northern Trust
53
Northern Trust
Illinois
$691K -$1.09K -80 -0.2%
RJA
54
Raymond James & Associates
Florida
$656K -$15.8K -1,153 -2%
Bank of New York Mellon
55
Bank of New York Mellon
New York
$637K +$50.3K +3,680 +9%
TG
56
TCW Group
California
$590K -$75.2K -5,500 -11%
PP
57
PDT Partners
New York
$537K +$533K +39,000 New
Ameriprise
58
Ameriprise
Minnesota
$518K +$13.1K +958 +3%
GT
59
Glenmede Trust
Pennsylvania
$511K -$374K -27,373 -42%
RIL
60
Rothschild Investment LLC
Illinois
$482K -$30.8K -2,250 -6%
PAM
61
Princeton Alpha Management
New Jersey
$435K +$144K +10,561 +50%
Citigroup
62
Citigroup
New York
$403K -$2.91K -213 -0.7%
Cambridge Investment Research Advisors
63
Cambridge Investment Research Advisors
Iowa
$377K -$4.88K -357 -1%
CIBC Private Wealth Group
64
CIBC Private Wealth Group
Georgia
$365K -$784K -57,381 -68%
CG
65
Clinton Group
New York
$353K +$41.4K +3,026 +13%
AIM
66
Allen Investment Management
New York
$337K -$176K -12,901 -35%
AG
67
Advisor Group
Arizona
$285K +$81.4K +5,955 +40%
CIBC World Market
68
CIBC World Market
Ontario, Canada
$281K -$60.4K -4,416 -18%
First Trust Advisors
69
First Trust Advisors
Illinois
$280K -$84.3K -6,163 -23%
HI
70
Horizon Investments
North Carolina
$255K -$145K -10,572 -36%
FFS
71
Founders Financial Securities
Maryland
$250K -$146K -10,665 -37%
Commonwealth Equity Services
72
Commonwealth Equity Services
Massachusetts
$249K -$30.6K -2,238 -11%
CAMG
73
CWA Asset Management Group
Florida
$242K -$10.9K -800 -4%
LPL Financial
74
LPL Financial
California
$232K -$11.2K -818 -5%
PI
75
PineBridge Investments
New York
$227K +$12K +879 +6%

NMFC Hedge Fund Activity: Q3 2016 in Review

115 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q3 2016, worth a combined $353M — up 12% from $314M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new NMFC positions and 11 closed out — a net gain of 8 holders — while 34 added to existing stakes and 46 trimmed.

The largest buyer was State of New Jersey Common Pension Fund D, opening a new position worth an estimated $13.7M. The largest seller was Advisors Asset Management, cutting an estimated $4.52M.

  • 115 institutional investors held New Mountain Finance (NMFC) as of Q3 2016, up from 109 in Q2 2016.
  • Funds reported $353M of New Mountain Finance stock for Q3 2016, up 12% quarter-over-quarter.
  • 19 funds opened new New Mountain Finance positions in Q3 2016 and 11 closed out, a net change of +8 holders.
  • The largest New Mountain Finance buyer in Q3 2016 was State of New Jersey Common Pension Fund D, an estimated $13.7M added.
  • The largest New Mountain Finance seller in Q3 2016 was Advisors Asset Management, an estimated $4.52M sold.

Based on aggregated 13F filings for Q3 2016.