Vault-13

NEW MTN FIN CORP NMFC 5.75 08.15.23

NOTE 5.750% 8/1 · US DOMESTIC · CUSIP 647551AC4

22 institutional holders -4 vs Q3 2022
5,460,4885.5m shares reported held*
$118.3mreported value*
5 new 3 added 4 reduced 10 sold out net sold ≈ $63.1m (-17.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $21.66.

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 26Q4 22: 2222Q3 22Q4 22
Numbers
QuarterHolders
Q3 202226
Q4 202222

Biggest buyers

PALISADE CAPITAL MANAGEMENT, LP New +8,303,000+8.3m
WELLS FARGO & COMPANY/MN New +2,570,000+2.6m
Russell Investments Group, Ltd. Added +870,000+870.0k
AEGON USA Investment Management, LLC New +650,000+650.0k
Cutler Capital Management, LLC New +140,000+140.0k
NewEdge Advisors, LLC New +50,000+50.0k
ROYAL BANK OF CANADA Added +20,000+20.0k
LAFFER TENGLER INVESTMENTS, INC. Added +931+931

Biggest sellers

RIVERNORTH CAPITAL MANAGEMENT, LLC Reduced -32,380,000-32.4m
PALISADE CAPITAL MANAGEMENT, LP Sold out -13,598,000-13.6m
PIER 88 INVESTMENT PARTNERS LLC Sold out -8,481,000-8.5m
STEELHEAD PARTNERS LLC Sold out -8,089,000-8.1m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -7,315,000-7.3m
OAKTREE CAPITAL MANAGEMENT LP Reduced -2,100,000-2.1m
Advisors Capital Management, LLC Sold out -1,954,000-2.0m
Thrivent Financial for Lutherans Sold out -1,670,000-1.7m
Cutler Capital Management, LLC Sold out -140,000-140.0k
RAYMOND JAMES & ASSOCIATES Sold out -90,000-90.0k

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Radcliffe Capital Management, L.P. 2.02% of their portfolio BALA CYNWYD, PA 61,746,00061.7m $61.2m $61.2m 2.02% Unchanged
2 ADVENT CAPITAL MANAGEMENT /DE/ 0.28% of their portfolio NEW YORK, NY 15,799,00015.8m $15.7m $15.7m 0.28% Reduced -7.3m -7,315,000
3 OAKTREE CAPITAL MANAGEMENT LP 0.15% of their portfolio LOS ANGELES, CA 13,428,00013.4m $13.4m $13.4m 0.15% Reduced -2.1m -2,100,000
4 PALISADE CAPITAL MANAGEMENT, LP 0.22% of their portfolio FORT LEE, NJ 8,303,0008.3m $8.3m $8.3m 0.22% New
5 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.05% of their portfolio HARRISBURG, PA 5,392,0005.4m $5.3m $5.3m 0.05% Unchanged
6 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 5,326,0005.3m $5.4m $5.4m 0.01% Added +870.0k +870,000
7 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,570,0002.6m $2.6m $2.6m 0.00% New
8 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 1,500,0001.5m $1.5m $1.5m 0.00% Unchanged
9 AEGON USA Investment Management, LLC 0.19% of their portfolio CEDAR RAPIDS, IA 650,000650.0k $644.7k $644.7k 0.19% New
10 Cutler Capital Management, LLC 0.06% of their portfolio WORCESTER, MA 140,000140.0k $138.9k $138.9k 0.06% New
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 68,00068.0k $67.5k $67.5k 0.00% Reduced -3.0k -3,000
12 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 50,00050.0k $49.6k $49.6k 0.00% New
13 TRUSTCORE FINANCIAL SERVICES, LLC 0.00% of their portfolio BRENTWOOD, TN 50,00050.0k $51.1k $51.1k 0.00% Unchanged
14 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 40,00040.0k $40.0k $40.0k 0.00% Unchanged
15 Goldstein Advisors, LLC 0.01% of their portfolio Madison, WI 39,00039.0k $39.0k $39.0k 0.01% First filing
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 30,00030.0k $30.0k $30.0k 0.00% Added +20.0k +20,000
17 REGIONS FINANCIAL CORP 0.00% of their portfolio BIRMINGHAM, AL 21,00021.0k $21.0k $21.0k 0.00% Unchanged
18 Cetera Advisors LLC 0.00% of their portfolio DENVER, CO 15,00015.0k $14.9k $14.9k 0.00% Unchanged
19 PFG Advisors 0.00% of their portfolio Phoenix, AZ 15,00015.0k $15.0k $15.0k 0.00% Unchanged
20 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio WEST PALM BEACH, FL 10,00010.0k $10.0k $10.0k 0.00% Reduced -32.4m -32,380,000
21 LAFFER TENGLER INVESTMENTS, INC. 1.05% of their portfolio Scottsdale, AZ 3,4883.5k $3.6m $3.6m 1.05% Added +931 +931
22 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged