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New Mountain Finance

153 hedge funds and large institutions have $406M invested in New Mountain Finance in 2023 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 53 increasing their positions, 42 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

890% more call options, than puts

Call options by funds: $416K | Put options by funds: $42K

80% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 10

26% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 42

4% more funds holding

Funds holding: 147153 (+6)

5% more capital invested

Capital invested by funds: $388M → $406M (+$18.2M)

0.65% more ownership

Funds ownership: 31.68%32.33% (+0.65%)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

Holders
153
Holders Change
+6
Holders Change %
+4.08%
% of All Funds
2.4%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
18
Increased
53
Reduced
42
Closed
10
Calls
$416K
Puts
$42K
Net Calls
+$374K
Net Calls Change
-$74K
Name Holding Trade Value Shares
Change
Change in
Stake
Cerity Partners
1
Cerity Partners
New York
$46.7M -$1.95M -161,880 -4%
Allspring Global Investments
2
Allspring Global Investments
North Carolina
$38.2M -$572K -47,392 -2%
HighTower Advisors
3
HighTower Advisors
Illinois
$34M +$2M +165,640 +6%
LSV Asset Management
4
LSV Asset Management
Illinois
$33.3M +$3.35M +277,472 +12%
Morgan Stanley
5
Morgan Stanley
New York
$23.7M +$385K +31,941 +2%
VanEck Associates
6
VanEck Associates
New York
$16.4M -$185K -15,304 -1%
DCM
7
Dimension Capital Management
Florida
$14.8M +$122K +10,152 +0.9%
JP Morgan Chase
8
JP Morgan Chase
New York
$14.7M +$413K +34,259 +3%
PCM
9
Palisade Capital Management
New Jersey
$12.8M -$30K -2,484 -0.2%
C
10
Cliffwater
California
$10.3M -$2.57M -213,455 -20%
Legal & General Group
11
Legal & General Group
United Kingdom
$9.19M +$438K +36,283 +5%
Millennium Management
12
Millennium Management
New York
$8.7M +$1.12M +92,516 +15%
BGIM
13
Brandywine Global Investment Management
Pennsylvania
$6.86M +$268K +22,257 +4%
BlackRock
14
BlackRock
New York
$5.56M -$328K -27,208 -6%
Bank of America
15
Bank of America
North Carolina
$5.49M +$79.6K +6,598 +2%
Two Sigma Investments
16
Two Sigma Investments
New York
$5.37M +$343K +28,474 +7%
Two Sigma Advisers
17
Two Sigma Advisers
New York
$5.05M +$127K +10,500 +3%
LC
18
Lindbrook Capital
California
$4.68M +$230K +19,027 +5%
CIM
19
Confluence Investment Management
Missouri
$4.63M +$15.5K +1,287 +0.3%
UBS Group
20
UBS Group
Switzerland
$4.63M -$3.06K -254 -0.1%
ACM
21
Advisors Capital Management
New Jersey
$4.48M -$24.6K -2,042 -0.6%
MC
22
Muzinich & Co
New York
$4.47M -$399K -33,047 -8%
Osaic Holdings
23
Osaic Holdings
Arizona
$4.39M -$56.9K -4,714 -1%
Sumitomo Mitsui Trust Group
24
Sumitomo Mitsui Trust Group
Japan
$4.27M -$399K -33,047 -9%
AAM
25
Advisors Asset Management
Colorado
$4.1M -$351K -29,089 -8%

NMFC Hedge Fund Activity: Q2 2023 in Review

153 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q2 2023, worth a combined $406M — up 4.7% from $388M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new NMFC positions and 10 closed out — a net gain of 8 holders — while 53 added to existing stakes and 42 trimmed.

The largest buyer was LSV Asset Management, adding an estimated $3.35M. The largest seller was Cliffwater, cutting an estimated $2.57M.

  • 153 institutional investors held New Mountain Finance (NMFC) as of Q2 2023, up from 147 in Q1 2023.
  • Funds reported $406M of New Mountain Finance stock for Q2 2023, up 4.7% quarter-over-quarter.
  • 18 funds opened new New Mountain Finance positions in Q2 2023 and 10 closed out, a net change of +8 holders.
  • The largest New Mountain Finance buyer in Q2 2023 was LSV Asset Management, an estimated $3.35M added.
  • The largest New Mountain Finance seller in Q2 2023 was Cliffwater, an estimated $2.57M sold.

Based on aggregated 13F filings for Q2 2023.