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New Mountain Finance

138 hedge funds and large institutions have $386M invested in New Mountain Finance in 2019 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 52 increasing their positions, 36 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 11

44% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 36

13% more capital invested

Capital invested by funds: $342M → $386M (+$44.3M)

9% more funds holding

Funds holding: 127138 (+11)

1% more ownership

Funds ownership: 35.71%36.71% (+1%)

0% more funds holding in top 10

Funds holding in top 10: 55 (0)

69% less call options, than puts

Call options by funds: $221K | Put options by funds: $712K

Holders
138
Holders Change
+11
Holders Change %
+8.66%
% of All Funds
2.99%
Holding in Top 10
5
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.11%
New
22
Increased
52
Reduced
36
Closed
11
Calls
$221K
Puts
$712K
Net Calls
-$491K
Net Calls Change
-$696K
Name Holding Trade Value Shares
Change
Change in
Stake
Wells Fargo
1
Wells Fargo
California
$79.5M +$7.97M +585,701 +11%
LSV Asset Management
2
LSV Asset Management
Illinois
$31.5M +$3.52M +258,429 +13%
RTS
3
Round Table Services
New Jersey
$19.8M +$15.9K +1,170 +0.1%
JP Morgan Chase
4
JP Morgan Chase
New York
$17.2M +$3.55M +260,553 +26%
Arrowstreet Capital
5
Arrowstreet Capital
Massachusetts
$15.5M +$13.5M +988,122 +627%
DCM
6
Dimension Capital Management
Florida
$14.9M +$3.41M +250,492 +30%
CIM
7
Confluence Investment Management
Missouri
$12.6M +$89.9K +6,603 +0.7%
Morgan Stanley
8
Morgan Stanley
New York
$11.8M -$1.57M -115,635 -12%
PGH
9
Partners Group Holding
Switzerland
$11.6M -$1.61M -118,125 -12%
PCM
10
Palisade Capital Management
New Jersey
$10.5M +$1.84M +135,299 +21%
Bank of Montreal
11
Bank of Montreal
Ontario, Canada
$10.2M
UBS Group
12
UBS Group
Switzerland
$9.14M +$2.1M +154,314 +30%
C
13
Cliffwater
California
$8.5M -$1.98M -145,663 -19%
ACM
14
Advisors Capital Management
New Jersey
$8.05M +$221K +16,216 +3%
VanEck Associates
15
VanEck Associates
New York
$7.71M +$810K +59,513 +12%
CS
16
Credit Suisse
Switzerland
$6.43M -$226K -16,596 -3%
Neuberger Berman Group
17
Neuberger Berman Group
New York
$6.1M
Legal & General Group
18
Legal & General Group
United Kingdom
$5.22M +$486K +35,695 +10%
GC
19
Guggenheim Capital
Illinois
$4.93M -$444K -32,609 -8%
BlackRock
20
BlackRock
New York
$4.41M +$177K +12,970 +4%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$4.28M -$56.2K -4,129 -1%
PC
22
Polar Capital
United Kingdom
$4.21M
AAM
23
Advisors Asset Management
Colorado
$4.12M -$982K -72,116 -19%
WFI
24
West Family Investments
California
$3.74M
WJA
25
Williams Jones & Associates
New York
$3.56M +$27.2K +2,000 +0.8%

NMFC Hedge Fund Activity: Q1 2019 in Review

138 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q1 2019, worth a combined $386M — up 13% from $342M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new NMFC positions and 11 closed out — a net gain of 11 holders — while 52 added to existing stakes and 36 trimmed.

The largest buyer was Arrowstreet Capital, adding an estimated $13.5M. The largest seller was Ares Management, exiting entirely with an estimated $8.82M sold.

  • 138 institutional investors held New Mountain Finance (NMFC) as of Q1 2019, up from 127 in Q4 2018.
  • Funds reported $386M of New Mountain Finance stock for Q1 2019, up 13% quarter-over-quarter.
  • 22 funds opened new New Mountain Finance positions in Q1 2019 and 11 closed out, a net change of +11 holders.
  • The largest New Mountain Finance buyer in Q1 2019 was Arrowstreet Capital, an estimated $13.5M added.
  • The largest New Mountain Finance seller in Q1 2019 was Ares Management, an estimated $8.82M sold.

Based on aggregated 13F filings for Q1 2019.