New Mountain Finance
NMFC
126 hedge funds and large institutions have $391M invested in New Mountain Finance in 2016 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 52 increasing their positions, 30 reducing their positions, and 12 closing their positions.
100% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 12
73% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 30
11% more capital invested
Capital invested by funds: $353M → $391M (+$38.3M)
10% more funds holding
Funds holding: 115 → 126 (+11)
0.39% less ownership
Funds ownership: 40.25% → 39.87% (-0.39%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
51% less call options, than puts
Call options by funds: $85K | Put options by funds: $173K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Muzinich & Co
New York
|
+$11.9M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$4.97M |
| 3 |
Morgan Stanley
New York
|
+$3.63M |
| 4 |
Two Sigma Investments
New York
|
+$2.93M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$2.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$9M |
| 2 |
Aviva
London,
United Kingdom
|
-$3.75M |
| 3 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$3.45M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.66M |
| 5 |
LCP
Lombardia Capital Partners
Pasadena,
California
|
-$2.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
SEI Investments
Oaks,
Pennsylvania
| $1K | +$1.08K | +78 | New |
|
|
CCP
127
Clough Capital Partners
Boston,
Massachusetts
| – | -$1.9M | -138,113 | Closed |
|
|
RP
128
Raiff Partners
New York
| – | -$1.38M | -100,000 | Closed |
|
129
Citadel Advisors
Miami,
Florida
| – | -$798K | -57,992 | Closed |
|
130
Ameriprise
Minneapolis,
Minnesota
| – | -$518K | -37,694 | Closed |
|
131
First Trust Advisors
Wheaton,
Illinois
| – | -$280K | -20,358 | Closed |
|
132
State Street
Boston,
Massachusetts
| – | -$181K | -13,223 | Closed |
|
|
IC
133
InterOcean Capital
Chicago,
Illinois
| – | -$152K | -11,070 | Closed |
|
|
HCC
134
Hirtle Callaghan & Co
West Conshohocken,
Pennsylvania
| – | -$14K | -1,000 | Closed |
|
|
FNBT
135
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$10K | -750 | Closed |
|
|
CG
136
Cutler Group
San Francisco,
California
| – | -$5K | -397 | Closed |
|
|
TC
137
Trust Company
Manhattan,
Kansas
| – | -$3K | -242 | Closed |
|
|
IWMPD
138
Integrated Wealth Management (Palm Desert)
Palm Desert,
California
| – | -$1K | -100 | Closed |
|
NMFC Hedge Fund Activity: Q4 2016 in Review
126 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q4 2016, worth a combined $391M — up 11% from $353M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new NMFC positions and 12 closed out — a net gain of 12 holders — while 52 added to existing stakes and 30 trimmed.
The largest buyer was Muzinich & Co, adding an estimated $11.9M. The largest seller was Goldman Sachs, cutting an estimated $9M.
- 126 institutional investors held New Mountain Finance (NMFC) as of Q4 2016, up from 115 in Q3 2016.
- Funds reported $391M of New Mountain Finance stock for Q4 2016, up 11% quarter-over-quarter.
- 24 funds opened new New Mountain Finance positions in Q4 2016 and 12 closed out, a net change of +12 holders.
- The largest New Mountain Finance buyer in Q4 2016 was Muzinich & Co, an estimated $11.9M added.
- The largest New Mountain Finance seller in Q4 2016 was Goldman Sachs, an estimated $9M sold.
Based on aggregated 13F filings for Q4 2016.