New Mountain Finance
NMFC
115 hedge funds and large institutions have $353M invested in New Mountain Finance in 2016 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 34 increasing their positions, 46 reducing their positions, and 11 closing their positions.
73% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 11
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
12% more capital invested
Capital invested by funds: $314M → $353M (+$39M)
6% more funds holding
Funds holding: 109 → 115 (+6)
2.14% more ownership
Funds ownership: 38.11% → 40.25% (+2.1%)
26% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 46
60% less call options, than puts
Call options by funds: $69K | Put options by funds: $171K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$13.7M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
+$6.39M |
| 3 |
MC
Muzinich & Co
New York
|
+$6.36M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.52M |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$1.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$4.52M |
| 2 |
D.E. Shaw & Co
New York
|
-$2.89M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$2.27M |
| 4 |
Goldman Sachs
New York
|
-$2.08M |
| 5 |
New York State Common Retirement Fund
Albany,
New York
|
-$1.44M |
NMFC Hedge Fund Activity: Q3 2016 in Review
115 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q3 2016, worth a combined $353M — up 12% from $314M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new NMFC positions and 11 closed out — a net gain of 8 holders — while 34 added to existing stakes and 46 trimmed.
The largest buyer was State of New Jersey Common Pension Fund D, opening a new position worth an estimated $13.7M. The largest seller was Advisors Asset Management, cutting an estimated $4.52M.
- 115 institutional investors held New Mountain Finance (NMFC) as of Q3 2016, up from 109 in Q2 2016.
- Funds reported $353M of New Mountain Finance stock for Q3 2016, up 12% quarter-over-quarter.
- 19 funds opened new New Mountain Finance positions in Q3 2016 and 11 closed out, a net change of +8 holders.
- The largest New Mountain Finance buyer in Q3 2016 was State of New Jersey Common Pension Fund D, an estimated $13.7M added.
- The largest New Mountain Finance seller in Q3 2016 was Advisors Asset Management, an estimated $4.52M sold.
Based on aggregated 13F filings for Q3 2016.