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New Mountain Finance
NMFC

153 hedge funds and large institutions have $406M invested in New Mountain Finance in 2023 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 53 increasing their positions, 42 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

890% more call options, than puts

Call options by funds: $416K | Put options by funds: $42K

80% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 10

26% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 42

4% more funds holding

Funds holding: 147 → 153 (+6)

5% more capital invested

Capital invested by funds: $388M → $406M (+$18.2M)

0.65% more ownership

Funds ownership: 31.68% → 32.33% (+0.65%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
153
Holders Change
+6
Holders Change %
+4.08%
% of All Funds
2.4%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
18
Increased
53
Reduced
42
Closed
10
Calls
$416K
Puts
$42K
Net Calls
+$374K
Net Calls Change
-$74K

Top Buyers

Rank Fund Capital Flow
1
LSV Asset Management
LSV Asset Management
Illinois
+$3.35M
2
HighTower Advisors
HighTower Advisors
Illinois
+$2M
3
SSA
Schonfeld Strategic Advisors
New York
+$1.57M
4
Millennium Management
Millennium Management
New York
+$1.12M
5
HF
HRT Financial
New York
+$1.03M

Top Sellers

Rank Fund Capital Flow
1
C
Cliffwater
California
-$2.57M
2
Cerity Partners
Cerity Partners
New York
-$1.95M
3
Allspring Global Investments
Allspring Global Investments
North Carolina
-$572K
4
Wells Fargo
Wells Fargo
California
-$529K
5
MC
Muzinich & Co
New York
-$399K
Name Holding Trade Value Shares
Change 		Change in
Stake
HI
126
Harbour Investments
Wisconsin
$69.5K – – –
BCM
127
Bourgeon Capital Management
Connecticut
$42.2K +$40.9K +3,392 New
QT
128
Quantbot Technologies
New York
$34.6K +$33.6K +2,785 New
NA
129
NewEdge Advisors
Louisiana
$25.7K +$24.9K +2,067 New
PTC
130
Private Trust Company
Ohio
$25.3K – – –
Nomura Asset Management
131
Nomura Asset Management
Japan
$23K -$4.33K -359 -16%
CFGS
132
Concourse Financial Group Securities
Alabama
$17.4K – – –
Carson Wealth (CWM LLC)
133
Carson Wealth (CWM LLC)
Nebraska
$15K -$79K -6,550 -85%
HNB
134
Huntington National Bank
Ohio
$13.7K – – –
Northwestern Mutual Wealth Management
135
Northwestern Mutual Wealth Management
Wisconsin
$12.8K +$12.4K +1,031 New
FHA
136
First Horizon Advisors
Tennessee
$12.4K – – –
EWA
137
EverSource Wealth Advisors
Alabama
$11.5K – – –
SIS
138
Sound Income Strategies
Florida
$9.95K – – –
QL
139
Quarry LP
New York
$9.69K +$9.4K +779 New
IHWM
140
Iron Horse Wealth Management
Iowa
$8.71K – – –
CSPIA
141
Cary Street Partners Investment Advisory
Virginia
$6.22K +$6.03K +500 New
FFA
142
Farther Finance Advisors
California
$5.77K – – –
Simplex Trading
143
Simplex Trading
Illinois
$5K -$2.94K -244 -38%
SPIA
144
Steward Partners Investment Advisory
New York
$4.98K – – –
PA
145
Parallel Advisors
California
$3.73K – – –
AF
146
Advisornet Financial
Minnesota
$3.3K – – –
LFG
147
Larson Financial Group
Missouri
$2.6K +$2.52K +209 New
HCP
148
Hexagon Capital Partners
Arkansas
$1.87K – – –
WFA
149
West Financial Advisors
Iowa
$1.38K +$36 +3 +3%
BFEC
150
Benjamin F. Edwards & Company
Missouri
$1K +$24 +2 +2%
3 4 5
6
7

NMFC Hedge Fund Activity: Q2 2023 in Review

153 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q2 2023, worth a combined $406M — up 4.7% from $388M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new NMFC positions and 10 closed out — a net gain of 8 holders — while 53 added to existing stakes and 42 trimmed.

The largest buyer was LSV Asset Management, adding an estimated $3.35M. The largest seller was Cliffwater, cutting an estimated $2.57M.

  • 153 institutional investors held New Mountain Finance (NMFC) as of Q2 2023, up from 147 in Q1 2023.
  • Funds reported $406M of New Mountain Finance stock for Q2 2023, up 4.7% quarter-over-quarter.
  • 18 funds opened new New Mountain Finance positions in Q2 2023 and 10 closed out, a net change of +8 holders.
  • The largest New Mountain Finance buyer in Q2 2023 was LSV Asset Management, an estimated $3.35M added.
  • The largest New Mountain Finance seller in Q2 2023 was Cliffwater, an estimated $2.57M sold.

Based on aggregated 13F filings for Q2 2023.