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New Mountain Finance
NMFC

169 hedge funds and large institutions have $424M invested in New Mountain Finance in 2024 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 46 increasing their positions, 55 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

4,923% more call options, than puts

Call options by funds: $1.1M | Put options by funds: $22K

44% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 18

3% more funds holding

Funds holding: 164 → 169 (+5)

0.66% less ownership

Funds ownership: 33.9% → 33.24% (-0.66%)

4% less capital invested

Capital invested by funds: $440M → $424M (-$16.3M)

16% less repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 55

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
169
Holders Change
+5
Holders Change %
+3.05%
% of All Funds
2.43%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
26
Increased
46
Reduced
55
Closed
18
Calls
$1.1M
Puts
$22K
Net Calls
+$1.08M
Net Calls Change
-$25K

Top Buyers

1
AM
Ares Management
California
+$6M
2
IAIM
International Assets Investment Management
Florida
+$4.16M
3
HighTower Advisors
HighTower Advisors
Illinois
+$2.9M
4
Franklin Resources
Franklin Resources
California
+$2.73M
5
SSA
Schonfeld Strategic Advisors
New York
+$2.23M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$6.16M
2
C
Cliffwater
California
-$5.16M
3
Tudor Investment Corp
Tudor Investment Corp
Connecticut
-$2.72M
4
Millennium Management
Millennium Management
New York
-$2.44M
5
Two Sigma Investments
Two Sigma Investments
New York
-$1.52M
Name Holding Trade Value Shares
Change 		Change in
Stake
Cerity Partners
1
Cerity Partners
New York
$45.8M +$1.22M +100,315 +3%
HighTower Advisors
2
HighTower Advisors
Illinois
$40.4M +$2.9M +237,594 +8%
Allspring Global Investments
3
Allspring Global Investments
North Carolina
$36.7M +$44.7K +3,659 +0.1%
LSV Asset Management
4
LSV Asset Management
Illinois
$29.7M -$877K -71,800 -3%
VanEck Associates
5
VanEck Associates
New York
$26M +$2.06M +168,719 +8%
Morgan Stanley
6
Morgan Stanley
New York
$17.4M -$6.16M -504,769 -26%
JP Morgan Chase
7
JP Morgan Chase
New York
$15.1M +$195K +15,988 +1%
DCM
8
Dimension Capital Management
Florida
$12.8M -$175K -14,329 -1%
Two Sigma Advisers
9
Two Sigma Advisers
New York
$12.3M -$403K -33,000 -3%
NPT
10
National Philanthropic Trust
Pennsylvania
$10.2M – – –
PCM
11
Palisade Capital Management
New Jersey
$10M -$38.3K -3,138 -0.4%
Legal & General Group
12
Legal & General Group
United Kingdom
$9.16M -$888K -72,752 -9%
Two Sigma Investments
13
Two Sigma Investments
New York
$9.02M -$1.52M -124,438 -14%
Bank of America
14
Bank of America
North Carolina
$6.5M +$379K +31,037 +6%
AM
15
Ares Management
California
$5.89M +$6M +491,694 New
BGIM
16
Brandywine Global Investment Management
Pennsylvania
$5.48M -$593K -48,574 -9%
UBS Group
17
UBS Group
Switzerland
$5.45M -$941K -77,041 -14%
CIM
18
Confluence Investment Management
Missouri
$5.13M +$58.1K +4,756 +1%
TP
19
Tranquility Partners
Tennessee
$4.77M +$117K +9,591 +2%
MC
20
Muzinich & Co
New York
$4.15M +$254K +20,827 +6%
Osaic Holdings
21
Osaic Holdings
Arizona
$4.12M +$231K +18,898 +6%
BlackRock
22
BlackRock
New York
$4.08M -$853K -69,856 -17%
Sumitomo Mitsui Trust Group
23
Sumitomo Mitsui Trust Group
Japan
$4.08M +$354K +28,957 +9%
LC
24
Lindbrook Capital
California
$3.9M +$29.2K +2,389 +0.7%
Acadian Asset Management
25
Acadian Asset Management
Massachusetts
$3.79M +$29.6K +2,422 +0.8%
1
2 3 4 5

NMFC Hedge Fund Activity: Q3 2024 in Review

169 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in New Mountain Finance (NMFC) for Q3 2024, worth a combined $424M — down 3.7% from $440M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new NMFC positions and 18 closed out — a net gain of 8 holders — while 46 added to existing stakes and 55 trimmed.

The largest buyer was Ares Management, opening a new position worth an estimated $6M. The largest seller was Morgan Stanley, cutting an estimated $6.16M.

  • 169 institutional investors held New Mountain Finance (NMFC) as of Q3 2024, up from 164 in Q2 2024.
  • Funds reported $424M of New Mountain Finance stock for Q3 2024, down 3.7% quarter-over-quarter.
  • 26 funds opened new New Mountain Finance positions in Q3 2024 and 18 closed out, a net change of +8 holders.
  • The largest New Mountain Finance buyer in Q3 2024 was Ares Management, an estimated $6M added.
  • The largest New Mountain Finance seller in Q3 2024 was Morgan Stanley, an estimated $6.16M sold.

Based on aggregated 13F filings for Q3 2024.