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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
WA
101
WFG Advisors
Texas
$20K +$19.8K +1,450 New
US Bancorp
102
US Bancorp
Minnesota
$18K +$17.8K +1,300 New
JCM
103
Jacobi Capital Management
Pennsylvania
$16K +$383 +28 +2%
HCC
104
Hirtle Callaghan & Co
Pennsylvania
$14K +$13.7K +1,000 New
FMP
105
Financial Management Professionals
Texas
$11K
PCM
106
Penserra Capital Management
California
$11K +$3.19K +233 +37%
FNBT
107
FineMark National Bank & Trust
Florida
$10K
NFG
108
Next Financial Group
Texas
$7K +$6.84K +500 New
CG
109
Cutler Group
California
$5K +$5.43K +397 New
EWM
110
Edge Wealth Management
New York
$4K
Bank of America
111
Bank of America
North Carolina
$3K -$6.63K -485 -69%
EWM
112
Endurance Wealth Management
Rhode Island
$3K
TC
113
Trust Company
Kansas
$3K +$3.31K +242 New
CFA
114
Carroll Financial Associates
North Carolina
$1K
IWMPD
115
Integrated Wealth Management (Palm Desert)
California
$1K
YCM
116
Yakira Capital Management
Connecticut
-$493K -38,224 Closed
Stifel Financial
117
Stifel Financial
Missouri
-$472K -36,611 Closed
TI
118
Trexquant Investment
Connecticut
-$270K -20,900 Closed
Tudor Investment Corp
119
Tudor Investment Corp
Connecticut
-$253K -19,593 Closed
ZIM
120
Zacks Investment Management
Illinois
-$217K -16,824 Closed
Two Sigma Advisers
121
Two Sigma Advisers
New York
-$175K -13,577 Closed
RJFSA
122
Raymond James Financial Services Advisors
Florida
-$155K -11,992 Closed
WRM
123
Westport Resources Management
Connecticut
-$78K -6,056 Closed
BIM
124
BlackRock Investment Management
Delaware
-$26K -2,000 Closed
PNC Financial Services Group
125
PNC Financial Services Group
Pennsylvania
-$18K -1,424 Closed

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.