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New Mountain Finance

161 hedge funds and large institutions have $423M invested in New Mountain Finance in 2023 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 52 increasing their positions, 46 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,450% more call options, than puts

Call options by funds: $558K | Put options by funds: $36K

57% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 14

13% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 46

5% more funds holding

Funds holding: 153161 (+8)

4% more capital invested

Capital invested by funds: $406M → $423M (+$17.3M)

0.05% more ownership

Funds ownership: 32.33%32.38% (+0.05%)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

Holders
161
Holders Change
+8
Holders Change %
+5.23%
% of All Funds
2.56%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
22
Increased
52
Reduced
46
Closed
14
Calls
$558K
Puts
$36K
Net Calls
+$522K
Net Calls Change
+$148K
Name Holding Trade Value Shares
Change
Change in
Stake
Cerity Partners
1
Cerity Partners
New York
$45.1M -$3.41M -267,840 -7%
Allspring Global Investments
2
Allspring Global Investments
North Carolina
$39.8M +$21.2K +1,666 +0.1%
HighTower Advisors
3
HighTower Advisors
Illinois
$36.6M +$1.19M +93,195 +3%
LSV Asset Management
4
LSV Asset Management
Illinois
$34M -$615K -48,265 -2%
Morgan Stanley
5
Morgan Stanley
New York
$28.1M +$3.36M +263,886 +14%
VanEck Associates
6
VanEck Associates
New York
$18.2M +$1.09M +85,873 +7%
DCM
7
Dimension Capital Management
Florida
$15.7M +$241K +18,871 +2%
JP Morgan Chase
8
JP Morgan Chase
New York
$15M -$304K -23,824 -2%
PCM
9
Palisade Capital Management
New Jersey
$12.9M -$340K -26,690 -3%
Millennium Management
10
Millennium Management
New York
$11.2M +$2.14M +167,954 +24%
C
11
Cliffwater
California
$11M +$215K +16,847 +2%
Legal & General Group
12
Legal & General Group
United Kingdom
$9.44M -$130K -10,181 -1%
BGIM
13
Brandywine Global Investment Management
Pennsylvania
$7.06M -$81.5K -6,393 -1%
Two Sigma Investments
14
Two Sigma Investments
New York
$6.81M +$1.19M +93,599 +22%
Bank of America
15
Bank of America
North Carolina
$6.33M +$604K +47,414 +11%
Two Sigma Advisers
16
Two Sigma Advisers
New York
$5.98M +$714K +56,000 +14%
LC
17
Lindbrook Capital
California
$5.09M +$214K +16,750 +4%
CIM
18
Confluence Investment Management
Missouri
$4.86M +$40.2K +3,154 +0.8%
Osaic Holdings
19
Osaic Holdings
Arizona
$4.66M +$85.7K +6,721 +2%
AAM
20
Advisors Asset Management
Colorado
$4.6M +$330K +25,908 +8%
Acadian Asset Management
21
Acadian Asset Management
Massachusetts
$4.46M +$4.39M +344,782 New
MC
22
Muzinich & Co
New York
$4.34M -$301K -23,597 -7%
UBS Group
23
UBS Group
Switzerland
$4.28M -$532K -41,718 -11%
Sumitomo Mitsui Trust Group
24
Sumitomo Mitsui Trust Group
Japan
$4.18M -$257K -20,137 -6%
BlackRock
25
BlackRock
New York
$4.12M -$1.64M -128,591 -29%

NMFC Hedge Fund Activity: Q3 2023 in Review

161 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q3 2023, worth a combined $423M — up 4.3% from $406M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new NMFC positions and 14 closed out — a net gain of 8 holders — while 52 added to existing stakes and 46 trimmed.

The largest buyer was Acadian Asset Management, opening a new position worth an estimated $4.39M. The largest seller was Advisors Capital Management, exiting entirely with an estimated $4.48M sold.

  • 161 institutional investors held New Mountain Finance (NMFC) as of Q3 2023, up from 153 in Q2 2023.
  • Funds reported $423M of New Mountain Finance stock for Q3 2023, up 4.3% quarter-over-quarter.
  • 22 funds opened new New Mountain Finance positions in Q3 2023 and 14 closed out, a net change of +8 holders.
  • The largest New Mountain Finance buyer in Q3 2023 was Acadian Asset Management, an estimated $4.39M added.
  • The largest New Mountain Finance seller in Q3 2023 was Advisors Capital Management, an estimated $4.48M sold.

Based on aggregated 13F filings for Q3 2023.