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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
OC
76
Oppenheimer & Co
New York
$226K -$79.8K -5,835 -26%
CA
77
Cetera Advisors
Colorado
$220K -$13.7K -1,000 -6%
SGCA
78
Steel Grove Capital Advisors
Tennessee
$217K +$5.17K +378 +2%
LTFS
79
Ladenburg Thalmann Financial Services
Florida
$196K -$140K -10,210 -42%
EB
80
Eastern Bank
Massachusetts
$190K
State Street
81
State Street
Massachusetts
$181K -$398K -29,100 -69%
KCM
82
Kempner Capital Management
Texas
$171K
D.E. Shaw & Co
83
D.E. Shaw & Co
New York
$167K -$2.89M -211,234 -95%
IC
84
InterOcean Capital
Illinois
$152K -$8.2K -600 -5%
NL
85
NWAM LLC
Washington
$151K
California Public Employees Retirement System
86
California Public Employees Retirement System
California
$139K
EFS
87
Essex Financial Services
Connecticut
$138K +$137K +10,000 New
GH
88
GAM Holding
Switzerland
$114K +$113K +8,300 New
TRCT
89
Tower Research Capital (TRC)
New York
$85K +$84.5K +6,183 New
CPIG
90
Chicago Partners Investment Group
Illinois
$76K +$793 +58 +1%
IA
91
IFP Advisors
Florida
$68K +$20.6K +1,508 +44%
Fifth Third Bancorp
92
Fifth Third Bancorp
Ohio
$62K
JP Morgan Chase
93
JP Morgan Chase
New York
$60K -$601K -43,980 -91%
GXMC
94
Global X Management Company
New York
$50K +$22.8K +1,670 +85%
Creative Planning
95
Creative Planning
Kansas
$49K +$22.9K +1,677 +90%
MFS
96
MSI Financial Services
Massachusetts
$39K
BFEC
97
Benjamin F. Edwards & Company
Missouri
$28K +$14K +1,027 +103%
JIC
98
Joel Isaacson & Co
New York
$28K +$27.3K +2,000 New
Simplex Trading
99
Simplex Trading
Illinois
$26K +$26.7K +1,956 New
Manulife (Manufacturers Life Insurance)
100
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$24K

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.