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New Mountain Finance
NMFC

124 hedge funds and large institutions have $320M invested in New Mountain Finance in 2020 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 45 increasing their positions, 46 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

96% more call options, than puts

Call options by funds: $1.67M | Put options by funds: $852K

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

4% more capital invested

Capital invested by funds: $306M → $320M (+$13.1M)

0.52% more ownership

Funds ownership: 34.01% → 34.53% (+0.52%)

2% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 46

9% less funds holding

Funds holding: 136 → 124 (-12)

55% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 22

Holders
124
Holders Change
-12
Holders Change %
-8.82%
% of All Funds
2.5%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.12%
New
10
Increased
45
Reduced
46
Closed
22
Calls
$1.67M
Puts
$852K
Net Calls
+$818K
Net Calls Change
+$342K

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$3.12M
2
C
Cliffwater
California
+$2.85M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.35M
4
Invesco
Invesco
Georgia
+$1.27M
5
Wells Fargo
Wells Fargo
California
+$1.18M

Top Sellers

1
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$2.18M
2
WFI
West Family Investments
California
-$1.55M
3
WJWM
Williams Jones Wealth Management
New York
-$1.13M
4
KCM
Kennedy Capital Management
Missouri
-$603K
5
DCM
Dimension Capital Management
Florida
-$516K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$34.2M +$1.18M +122,639 +4%
RTS
2
Round Table Services
New Jersey
$25.7M -$319K -33,038 -1%
DCM
3
Dimension Capital Management
Florida
$20.8M -$516K -53,448 -2%
LSV Asset Management
4
LSV Asset Management
Illinois
$20.3M +$491K +50,873 +2%
Morgan Stanley
5
Morgan Stanley
New York
$16.8M +$3.12M +323,018 +22%
C
6
Cliffwater
California
$15.9M +$2.85M +295,269 +22%
HighTower Advisors
7
HighTower Advisors
Illinois
$15.4M +$772K +79,980 +5%
SCIM
8
Spring Creek Investment Management
Pennsylvania
$13.7M – – –
Arrowstreet Capital
9
Arrowstreet Capital
Massachusetts
$12.3M +$2.35M +243,868 +23%
JP Morgan Chase
10
JP Morgan Chase
New York
$12M -$351K -36,356 -3%
Invesco
11
Invesco
Georgia
$10.3M +$1.27M +131,718 +14%
VanEck Associates
12
VanEck Associates
New York
$9M -$331K -34,256 -4%
MC
13
Muzinich & Co
New York
$7.95M +$302K +31,299 +4%
PCM
14
Palisade Capital Management
New Jersey
$7.94M +$54.1K +5,604 +0.7%
Sumitomo Mitsui Trust Group
15
Sumitomo Mitsui Trust Group
Japan
$7.84M +$302K +31,299 +4%
ACM
16
Advisors Capital Management
New Jersey
$6.66M -$503K -52,063 -7%
Legal & General Group
17
Legal & General Group
United Kingdom
$6.48M +$302K +31,297 +5%
CIC
18
Chilton Investment Company
Connecticut
$5.23M +$382K +39,557 +8%
CIM
19
Confluence Investment Management
Missouri
$4.99M +$2.3K +238 +0%
BlackRock
20
BlackRock
New York
$4.51M -$406K -42,088 -8%
Neuberger Berman Group
21
Neuberger Berman Group
New York
$4.28M -$11.6K -1,200 -0.3%
GC
22
Guggenheim Capital
Illinois
$3.05M -$205K -21,248 -6%
Osaic Holdings
23
Osaic Holdings
Arizona
$2.68M +$520K +53,877 +24%
POIA
24
Pin Oak Investment Advisors
Texas
$2.59M +$116K +11,990 +5%
LPL Financial
25
LPL Financial
California
$2.49M -$16.3K -1,691 -0.6%
1
2 3 4 5

NMFC Hedge Fund Activity: Q3 2020 in Review

124 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q3 2020, worth a combined $320M — up 4.3% from $306M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of NMFC and 10 opened new positions — a net loss of 12 holders — while 46 trimmed existing stakes and 45 added.

The largest buyer was Morgan Stanley, adding an estimated $3.12M. The largest seller was Acadian Asset Management, cutting an estimated $2.18M.

  • 124 institutional investors held New Mountain Finance (NMFC) as of Q3 2020, down from 136 in Q2 2020.
  • Funds reported $320M of New Mountain Finance stock for Q3 2020, up 4.3% quarter-over-quarter.
  • 10 funds opened new New Mountain Finance positions in Q3 2020 and 22 closed out, a net change of -12 holders.
  • The largest New Mountain Finance buyer in Q3 2020 was Morgan Stanley, an estimated $3.12M added.
  • The largest New Mountain Finance seller in Q3 2020 was Acadian Asset Management, an estimated $2.18M sold.

Based on aggregated 13F filings for Q3 2020.