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New Mountain Finance
NMFC

87 hedge funds and large institutions have $357M invested in New Mountain Finance in 2014 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 28 increasing their positions, 37 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.1% less ownership

Funds ownership: 49.74% → 46.65% (-3.1%)

7% less capital invested

Capital invested by funds: $384M → $357M (-$27.6M)

18% less funds holding

Funds holding: 106 → 87 (-19)

24% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 37

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

66% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 29

88% less call options, than puts

Call options by funds: $369K | Put options by funds: $3.17M

Holders
87
Holders Change
-19
Holders Change %
-17.92%
% of All Funds
2.52%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.06%
New
10
Increased
28
Reduced
37
Closed
29
Calls
$369K
Puts
$3.17M
Net Calls
-$2.81M
Net Calls Change
-$3.41M

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$12.5M
2
SBK
Steven B. Klinsky
+$6.13M
3
AAM
Advisors Asset Management
Colorado
+$3.95M
4
RTS
Round Table Services
New Jersey
+$1.45M
5
ACM
Advisors Capital Management
New Jersey
+$1.39M

Top Sellers

1
Norges Bank
Norges Bank
Norway
-$6.92M
2
Northern Trust
Northern Trust
Illinois
-$4.61M
3
U
UBS
Switzerland
-$4.2M
4
Deutsche Bank
Deutsche Bank
Germany
-$3.73M
5
Morgan Stanley
Morgan Stanley
New York
-$3.29M
Name Holding Trade Value Shares
Change 		Change in
Stake
Marshall Wace
101
Marshall Wace
United Kingdom
– -$385K -25,900 Closed
Nomura Holdings
102
Nomura Holdings
Japan
– -$317K -21,500 Closed
JG
103
Jefferies Group
New York
– -$313K -21,101 Closed
HNB
104
Huntington National Bank
Ohio
– -$305K -20,500 Closed
AW
105
ACG Wealth
Georgia
– -$254K -17,000 Closed
MC
106
Menta Capital
California
– -$250K -16,800 Closed
EIM
107
Essex Investment Management
Massachusetts
– -$240K -16,156 Closed
UOC
108
UBS O'Connor
Illinois
– -$220K -14,806 Closed
Susquehanna International Group
109
Susquehanna International Group
Pennsylvania
– -$218K -14,577 Closed
PPA
110
Parametric Portfolio Associates
Washington
– -$211K -14,228 Closed
CAS
111
CTC Alternative Strategies
Illinois
– -$198K -13,342 Closed
YCM
112
Yakira Capital Management
Connecticut
– -$110K -7,418 Closed
TAM
113
Tocqueville Asset Management
New York
– -$30K -2,000 Closed
PTC
114
Private Trust Company
Ohio
– -$15K -1,000 Closed
TA
115
Teachers Advisors
New York
– -$6K -413 Closed
BNP Paribas Financial Markets
116
BNP Paribas Financial Markets
France
– -$178 -12 Closed
1 2 3 4
5

NMFC Hedge Fund Activity: Q3 2014 in Review

87 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q3 2014, worth a combined $357M — down 7.2% from $384M a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of NMFC and 10 opened new positions — a net loss of 19 holders — while 37 trimmed existing stakes and 28 added.

The largest buyer was Wells Fargo, adding an estimated $12.5M. The largest seller was Norges Bank, cutting an estimated $6.92M.

  • 87 institutional investors held New Mountain Finance (NMFC) as of Q3 2014, down from 106 in Q2 2014.
  • Funds reported $357M of New Mountain Finance stock for Q3 2014, down 7.2% quarter-over-quarter.
  • 10 funds opened new New Mountain Finance positions in Q3 2014 and 29 closed out, a net change of -19 holders.
  • The largest New Mountain Finance buyer in Q3 2014 was Wells Fargo, an estimated $12.5M added.
  • The largest New Mountain Finance seller in Q3 2014 was Norges Bank, an estimated $6.92M sold.

Based on aggregated 13F filings for Q3 2014.