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New Mountain Finance
NMFC

124 hedge funds and large institutions have $320M invested in New Mountain Finance in 2020 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 45 increasing their positions, 46 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

96% more call options, than puts

Call options by funds: $1.67M | Put options by funds: $852K

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

4% more capital invested

Capital invested by funds: $306M → $320M (+$13.1M)

0.52% more ownership

Funds ownership: 34.01% → 34.53% (+0.52%)

2% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 46

9% less funds holding

Funds holding: 136 → 124 (-12)

55% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 22

Holders
124
Holders Change
-12
Holders Change %
-8.82%
% of All Funds
2.5%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.12%
New
10
Increased
45
Reduced
46
Closed
22
Calls
$1.67M
Puts
$852K
Net Calls
+$818K
Net Calls Change
+$342K

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$3.12M
2
C
Cliffwater
California
+$2.85M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.35M
4
Invesco
Invesco
Georgia
+$1.27M
5
Wells Fargo
Wells Fargo
California
+$1.18M

Top Sellers

Rank Fund Capital Flow
1
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$2.18M
2
WFI
West Family Investments
California
-$1.55M
3
WJWM
Williams Jones Wealth Management
New York
-$1.13M
4
KCM
Kennedy Capital Management
Missouri
-$603K
5
DCM
Dimension Capital Management
Florida
-$516K
Name Holding Trade Value Shares
Change 		Change in
Stake
CSS
101
Cubist Systematic Strategies
Connecticut
$105K +$8.69K +900 +9%
22CM
102
20/20 Capital Management
California
$100K -$99.4K -10,291 -50%
CA
103
Calton & Associates
Florida
$100K +$101K +10,452 New
DTL
104
Dynamic Technology Lab
Singapore
$98K +$99.4K +10,300 New
CFGS
105
Concourse Financial Group Securities
Alabama
$31K – – –
RIA
106
RPG Investment Advisory
California
$29K – – –
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
107
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$21K – – –
SPIA
108
Steward Partners Investment Advisory
New York
$19K -$1.52K -157 -7%
APA
109
American Portfolios Advisors
New York
$16.8K – – –
Rockefeller Capital Management
110
Rockefeller Capital Management
New York
$15K – – –
SFS
111
Sowell Financial Services
Arkansas
$12K +$9.65K +1,000 +417%
FHC
112
First Horizon Corporation
Tennessee
$9K +$9.65K +1,000 New
NFSG
113
Newbridge Financial Services Group
Florida
$5K +$4.68K +485 New
Deutsche Bank
114
Deutsche Bank
Germany
$3K -$7.44K -771 -69%
Citigroup
115
Citigroup
New York
$3K – – –
GT
116
Glenmede Trust
Pennsylvania
$3K – – –
PA
117
Parallel Advisors
California
$3K – – –
SWM
118
Selective Wealth Management
Virginia
$3K +$87 +9 +3%
GWM
119
Geneos Wealth Management
Colorado
$2K – – –
BFEC
120
Benjamin F. Edwards & Company
Missouri
$1K -$9.63K -998 -94%
SSB
121
Sandy Spring Bank
Maryland
$1K +$29 +3 +3%
Millennium Management
122
Millennium Management
New York
$158 -$218K -22,555 -58%
WFI
123
West Family Investments
California
– -$1.55M -112,968 Closed
Citadel Advisors
124
Citadel Advisors
Florida
– -$348K -36,070 Closed
BRWM
125
B. Riley Wealth Management
Tennessee
– -$286K -30,786 Closed
2 3 4
5
6

NMFC Hedge Fund Activity: Q3 2020 in Review

124 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q3 2020, worth a combined $320M — up 4.3% from $306M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of NMFC and 10 opened new positions — a net loss of 12 holders — while 46 trimmed existing stakes and 45 added.

The largest buyer was Morgan Stanley, adding an estimated $3.12M. The largest seller was Acadian Asset Management, cutting an estimated $2.18M.

  • 124 institutional investors held New Mountain Finance (NMFC) as of Q3 2020, down from 136 in Q2 2020.
  • Funds reported $320M of New Mountain Finance stock for Q3 2020, up 4.3% quarter-over-quarter.
  • 10 funds opened new New Mountain Finance positions in Q3 2020 and 22 closed out, a net change of -12 holders.
  • The largest New Mountain Finance buyer in Q3 2020 was Morgan Stanley, an estimated $3.12M added.
  • The largest New Mountain Finance seller in Q3 2020 was Acadian Asset Management, an estimated $2.18M sold.

Based on aggregated 13F filings for Q3 2020.