New Mountain Finance
NMFC
106 hedge funds and large institutions have $384M invested in New Mountain Finance in 2014 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 45 increasing their positions, 27 reducing their positions, and 27 closing their positions.
196% more call options, than puts
Call options by funds: $915K | Put options by funds: $309K
67% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 27
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
6% more capital invested
Capital invested by funds: $364M → $384M (+$20M)
2.59% less ownership
Funds ownership: 52.34% → 49.74% (-2.6%)
4% less funds holding
Funds holding: 110 → 106 (-4)
15% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$13.3M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$11.5M |
| 3 |
RTS
Round Table Services
Westfield,
New Jersey
|
+$7.34M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$4.7M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$4.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$19.4M |
| 2 |
State Street
Boston,
Massachusetts
|
-$9.98M |
| 3 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
-$9.74M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$8.22M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$3.6M |
NMFC Hedge Fund Activity: Q2 2014 in Review
106 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q2 2014, worth a combined $384M — up 5.5% from $364M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of NMFC and 23 opened new positions — a net loss of 4 holders — while 27 trimmed existing stakes and 45 added.
The largest buyer was Norges Bank, opening a new position worth an estimated $13.3M. The largest seller was BlackRock Fund Advisors, exiting entirely with an estimated $19.4M sold.
- 106 institutional investors held New Mountain Finance (NMFC) as of Q2 2014, down from 110 in Q1 2014.
- Funds reported $384M of New Mountain Finance stock for Q2 2014, up 5.5% quarter-over-quarter.
- 23 funds opened new New Mountain Finance positions in Q2 2014 and 27 closed out, a net change of -4 holders.
- The largest New Mountain Finance buyer in Q2 2014 was Norges Bank, an estimated $13.3M added.
- The largest New Mountain Finance seller in Q2 2014 was BlackRock Fund Advisors, an estimated $19.4M sold.
Based on aggregated 13F filings for Q2 2014.