New Mountain Finance
NMFC
87 hedge funds and large institutions have $357M invested in New Mountain Finance in 2014 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 28 increasing their positions, 37 reducing their positions, and 29 closing their positions.
3.1% less ownership
Funds ownership: 49.74% → 46.65% (-3.1%)
7% less capital invested
Capital invested by funds: $384M → $357M (-$27.6M)
18% less funds holding
Funds holding: 106 → 87 (-19)
24% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 37
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
66% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 29
88% less call options, than puts
Call options by funds: $369K | Put options by funds: $3.17M
Top Buyers
| 1 |
Wells Fargo
San Francisco,
California
|
+$12.5M |
| 2 |
SBK
Steven B. Klinsky
|
+$6.13M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$3.95M |
| 4 |
RTS
Round Table Services
Westfield,
New Jersey
|
+$1.45M |
| 5 |
ACM
Advisors Capital Management
Ridgewood,
New Jersey
|
+$1.39M |
Top Sellers
| 1 |
Norges Bank
Oslo,
Norway
|
-$6.92M |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$4.61M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$4.2M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.73M |
| 5 |
Morgan Stanley
New York
|
-$3.29M |
NMFC Hedge Fund Activity: Q3 2014 in Review
87 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q3 2014, worth a combined $357M — down 7.2% from $384M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of NMFC and 10 opened new positions — a net loss of 19 holders — while 37 trimmed existing stakes and 28 added.
The largest buyer was Wells Fargo, adding an estimated $12.5M. The largest seller was Norges Bank, cutting an estimated $6.92M.
- 87 institutional investors held New Mountain Finance (NMFC) as of Q3 2014, down from 106 in Q2 2014.
- Funds reported $357M of New Mountain Finance stock for Q3 2014, down 7.2% quarter-over-quarter.
- 10 funds opened new New Mountain Finance positions in Q3 2014 and 29 closed out, a net change of -19 holders.
- The largest New Mountain Finance buyer in Q3 2014 was Wells Fargo, an estimated $12.5M added.
- The largest New Mountain Finance seller in Q3 2014 was Norges Bank, an estimated $6.92M sold.
Based on aggregated 13F filings for Q3 2014.