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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
Bank of Montreal
76
Bank of Montreal
Ontario, Canada
$522K – – –
FFA
77
Farther Finance Advisors
California
$519K +$124K +10,900 +30%
KCFA
78
Key Client Fiduciary Advisors
New Jersey
$517K -$29K -2,541 -5%
WAM
79
WFA Asset Management
Wisconsin
$513K +$412K +36,105 +821%
Stifel Financial
80
Stifel Financial
Missouri
$512K -$368K -32,262 -41%
MM
81
MQS Management
New York
$511K +$404K +35,411 +325%
UBS AM
82
UBS AM
Illinois
$502K +$519K +45,500 New
PFMU
83
Privium Fund Management (UK)
United Kingdom
$499K +$519K +45,500 New
SSA
84
Schonfeld Strategic Advisors
New York
$480K +$219K +19,233 +79%
N
85
Natixis
France
$465K +$160 +14 +0%
Wealth Enhancement Advisory Services
86
Wealth Enhancement Advisory Services
Minnesota
$444K +$83.9K +7,361 +22%
FRM
87
Fox Run Management
Connecticut
$442K +$342K +30,011 +297%
SWM
88
Spire Wealth Management
Virginia
$416K – – –
FCM
89
Fourpath Capital Management
Oklahoma
$378K – – –
Mackenzie Financial
90
Mackenzie Financial
Ontario, Canada
$374K +$386K +33,890 New
PI
91
PFG Investments
New York
$374K -$16.2K -1,421 -4%
OC
92
Oppenheimer & Co
New York
$371K +$27.9K +2,450 +8%
Mercer Global Advisors
93
Mercer Global Advisors
Colorado
$366K +$379K +33,222 New
LF
94
Lansforsakringar Fondforvaltning
Sweden
$361K +$374K +32,764 New
II
95
Inspire Investing
Idaho
$345K -$47.4K -4,159 -12%
IAIM
96
International Assets Investment Management
Florida
$345K – – –
SA
97
Sanctuary Advisors
Indiana
$339K -$14.4K -1,262 -4%
MSAM
98
Moloney Securities Asset Management
Missouri
$336K +$2.47K +217 +0.7%
Fayez Sarofim & Co
99
Fayez Sarofim & Co
Texas
$334K – – –
NW
100
NewEdge Wealth
Pennsylvania
$331K – – –
2 3
4
5 6

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.