New Mountain Finance
NMFC
89 hedge funds and large institutions have $290M invested in New Mountain Finance in 2013 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 46 increasing their positions, 18 reducing their positions, and 12 closing their positions.
227% more call options, than puts
Call options by funds: $1.96M | Put options by funds: $599K
156% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 18
33% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 12
11% more capital invested
Capital invested by funds: $262M → $290M (+$27.6M)
5% more funds holding
Funds holding: 85 → 89 (+4)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6.39% less ownership
Funds ownership: 59.22% → 52.83% (-6.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schroder Investment Management Group
London,
United Kingdom
|
+$4.43M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$3.82M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$3.17M |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$3M |
| 5 |
RTS
Round Table Services
Westfield,
New Jersey
|
+$2.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$5.65M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.27M |
| 3 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$1.7M |
| 4 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
-$1.46M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$1.27M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$12K | -851 | Closed |
|
NMFC Hedge Fund Activity: Q3 2013 in Review
89 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q3 2013, worth a combined $290M — up 11% from $262M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new NMFC positions and 12 closed out — a net gain of 4 holders — while 46 added to existing stakes and 18 trimmed.
The largest buyer was Schroder Investment Management Group, opening a new position worth an estimated $4.43M. The largest seller was Goldman Sachs, cutting an estimated $5.65M.
- 89 institutional investors held New Mountain Finance (NMFC) as of Q3 2013, up from 85 in Q2 2013.
- Funds reported $290M of New Mountain Finance stock for Q3 2013, up 11% quarter-over-quarter.
- 16 funds opened new New Mountain Finance positions in Q3 2013 and 12 closed out, a net change of +4 holders.
- The largest New Mountain Finance buyer in Q3 2013 was Schroder Investment Management Group, an estimated $4.43M added.
- The largest New Mountain Finance seller in Q3 2013 was Goldman Sachs, an estimated $5.65M sold.
Based on aggregated 13F filings for Q3 2013.