New Mountain Finance
NMFC
154 hedge funds and large institutions have $240M invested in New Mountain Finance in 2020 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 54 increasing their positions, 46 reducing their positions, and 35 closing their positions.
152% more call options, than puts
Call options by funds: $908K | Put options by funds: $361K
17% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 46
0.48% less ownership
Funds ownership: 36.99% → 36.51% (-0.48%)
7% less funds holding
Funds holding: 165 → 154 (-11)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
20% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 35
51% less capital invested
Capital invested by funds: $492M → $240M (-$253M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCIM
Spring Creek Investment Management
Philadelphia,
Pennsylvania
|
+$17.1M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$12.5M |
| 3 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$8.27M |
| 4 |
RTS
Round Table Services
Westfield,
New Jersey
|
+$7.32M |
| 5 |
Morgan Stanley
New York
|
+$4.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$10.1M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$9.49M |
| 3 |
Millennium Management
New York
|
-$7.19M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$6.9M |
| 5 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$3.84M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AP
176
Americana Partners
Houston,
Texas
| – | -$120K | -8,750 | Closed |
|
|
ACM
177
Anfield Capital Management
Irvine,
California
| – | -$82K | -5,901 | Closed |
|
|
MF
178
Manchester Financial
Westlake Village,
California
| – | -$36K | -2,600 | Closed |
|
|
CHAM
179
Clear Harbor Asset Management
Stamford,
Connecticut
| – | -$12.4K | -900 | Closed |
|
|
HNB
180
Huntington National Bank
Columbus,
Ohio
| – | -$12K | -884 | Closed |
|
|
EFSCE
181
Enterprise Financial Services Corp (EFSC)
Clayton,
Missouri
| – | -$5.25K | -425 | Closed |
|
|
FANJ
182
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$3K | -200 | Closed |
|
183
Fidelity Investments
Boston,
Massachusetts
| – | +$12 | +1 | New |
|
|
GI
184
Gradient Investments
Arden Hills,
Minnesota
| – | +$123 | +10 | New |
|
|
FEG
185
Financial Enhancement Group
Anderson,
Indiana
| – | +$333 | +27 | New |
|
NMFC Hedge Fund Activity: Q1 2020 in Review
154 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q1 2020, worth a combined $240M — down 51% from $492M a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of NMFC and 28 opened new positions — a net loss of 7 holders — while 46 trimmed existing stakes and 54 added.
The largest buyer was Spring Creek Investment Management, opening a new position worth an estimated $17.1M. The largest seller was Arrowstreet Capital, cutting an estimated $10.1M.
- 154 institutional investors held New Mountain Finance (NMFC) as of Q1 2020, down from 165 in Q4 2019.
- Funds reported $240M of New Mountain Finance stock for Q1 2020, down 51% quarter-over-quarter.
- 28 funds opened new New Mountain Finance positions in Q1 2020 and 35 closed out, a net change of -7 holders.
- The largest New Mountain Finance buyer in Q1 2020 was Spring Creek Investment Management, an estimated $17.1M added.
- The largest New Mountain Finance seller in Q1 2020 was Arrowstreet Capital, an estimated $10.1M sold.
Based on aggregated 13F filings for Q1 2020.