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New Mountain Finance

127 hedge funds and large institutions have $342M invested in New Mountain Finance in 2018 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 44 increasing their positions, 43 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

603% more call options, than puts

Call options by funds: $239K | Put options by funds: $34K

2% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 43

0% more funds holding in top 10

Funds holding in top 10: 55 (0)

0.24% less ownership

Funds ownership: 35.95%35.71% (-0.24%)

5% less funds holding

Funds holding: 133127 (-6)

7% less capital invested

Capital invested by funds: $369M → $342M (-$27.7M)

24% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 21

Holders
127
Holders Change
-6
Holders Change %
-4.51%
% of All Funds
2.83%
Holding in Top 10
5
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.11%
New
16
Increased
44
Reduced
43
Closed
21
Calls
$239K
Puts
$34K
Net Calls
+$205K
Net Calls Change
+$239K
Name Holding Trade Value Shares
Change
Change in
Stake
Wells Fargo
1
Wells Fargo
California
$66.3M +$949K +71,753 +1%
LSV Asset Management
2
LSV Asset Management
Illinois
$26M +$6.65M +502,561 +32%
RTS
3
Round Table Services
New Jersey
$18.4M -$4.07M -307,435 -17%
MC
4
Muzinich & Co
New York
$13.3M -$578K -43,718 -4%
JP Morgan Chase
5
JP Morgan Chase
New York
$12.7M +$52.6K +3,981 +0.4%
Morgan Stanley
6
Morgan Stanley
New York
$12.4M +$267K +20,217 +2%
PGH
7
Partners Group Holding
Switzerland
$12.3M -$1.72M -130,100 -12%
CIM
8
Confluence Investment Management
Missouri
$11.6M +$19K +1,440 +0.2%
DCM
9
Dimension Capital Management
Florida
$10.4M +$2.89M +218,430 +35%
C
10
Cliffwater
California
$9.71M +$3.04M +229,714 +42%
Bank of Montreal
11
Bank of Montreal
Ontario, Canada
$9.5M
AM
12
Ares Management
California
$8.82M -$1.72M -129,780 -16%
PCM
13
Palisade Capital Management
New Jersey
$8.07M +$278K +21,022 +3%
ACM
14
Advisors Capital Management
New Jersey
$7.2M -$209K -15,805 -3%
UBS Group
15
UBS Group
Switzerland
$6.53M -$3.68M -278,126 -35%
VanEck Associates
16
VanEck Associates
New York
$6.4M -$93.6K -7,075 -1%
CS
17
Credit Suisse
Switzerland
$6.17M +$1.09M +82,631 +20%
Neuberger Berman Group
18
Neuberger Berman Group
New York
$5.66M -$130K -9,806 -2%
GC
19
Guggenheim Capital
Illinois
$4.98M -$1.76M -132,733 -25%
AAM
20
Advisors Asset Management
Colorado
$4.72M -$606K -45,837 -11%
Legal & General Group
21
Legal & General Group
United Kingdom
$4.39M +$594K +44,878 +15%
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$4.02M -$276K -20,893 -6%
BlackRock
23
BlackRock
New York
$3.93M -$217K -16,438 -5%
PC
24
Polar Capital
United Kingdom
$3.9M
WFI
25
West Family Investments
California
$3.47M

NMFC Hedge Fund Activity: Q4 2018 in Review

127 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q4 2018, worth a combined $342M — down 7.5% from $369M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of NMFC and 16 opened new positions — a net loss of 5 holders — while 43 trimmed existing stakes and 44 added.

The largest buyer was LSV Asset Management, adding an estimated $6.65M. The largest seller was Round Table Services, cutting an estimated $4.07M.

  • 127 institutional investors held New Mountain Finance (NMFC) as of Q4 2018, down from 133 in Q3 2018.
  • Funds reported $342M of New Mountain Finance stock for Q4 2018, down 7.5% quarter-over-quarter.
  • 16 funds opened new New Mountain Finance positions in Q4 2018 and 21 closed out, a net change of -5 holders.
  • The largest New Mountain Finance buyer in Q4 2018 was LSV Asset Management, an estimated $6.65M added.
  • The largest New Mountain Finance seller in Q4 2018 was Round Table Services, an estimated $4.07M sold.

Based on aggregated 13F filings for Q4 2018.