Vault-13

NEW MTN FIN CORP NMFC 5.75 08.15.23

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

24 institutional holders +2 vs Q1 2023
5,909,2805.9m shares reported held*
$119.4mreported value*
5 new 4 added 3 reduced 3 sold out net bought ≈ $702.6k (+318.8k 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 ≈ $20.20.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 26Q4 22: 22Q1 23: 22Q2 23: 2424Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202226
Q4 202222
Q1 202322
Q2 202324

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q4 22: 8 bought or addedQ4 22: 14 cut or sold outQ4 22Q1 23: 8 bought or addedQ1 23: 7 cut or sold outQ1 23Q2 23: 9 bought or addedQ2 23: 6 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022814
Q1 202387
Q2 202396

Biggest buyers

SSI INVESTMENT MANAGEMENT LLC New +2,750,000+2.8m
Russell Investments Group, Ltd. Added +797,000+797.0k
PALISADE CAPITAL MANAGEMENT, LP Added +600,000+600.0k
BARCLAYS PLC New +538,000+538.0k
GRAHAM CAPITAL WEALTH MANAGEMENT, LLC Added +384,000+384.0k
ADVENT CAPITAL MANAGEMENT /DE/ Added +80,000+80.0k
HighTower Advisors, LLC New +40,000+40.0k
Dakota Wealth Management New +25,000+25.0k
OSAIC HOLDINGS, INC. New +5+5

Biggest sellers

WELLS FARGO & COMPANY/MN Sold out -2,570,000-2.6m
OAKTREE CAPITAL MANAGEMENT LP Reduced -1,477,000-1.5m
NewEdge Advisors, LLC Sold out -50,000-50.0k
HighTower Advisors, LLC Sold out -40,000-40.0k
Cutler Capital Management, LLC Reduced -10,000-10.0k
LAFFER TENGLER INVESTMENTS, INC. Reduced -165-165

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Radcliffe Capital Management, L.P. 5.22% of their portfolio BALA CYNWYD, PA 61,746,00061.7m $61.4m $61.4m 5.22% Unchanged
2 ADVENT CAPITAL MANAGEMENT /DE/ 0.31% of their portfolio NEW YORK, NY 15,670,00015.7m $15.6m $15.6m 0.31% Added +80.0k +80,000
3 OAKTREE CAPITAL MANAGEMENT LP 0.16% of their portfolio LOS ANGELES, CA 11,951,00012.0m $11.9m $11.9m 0.16% Reduced -1.5m -1,477,000
4 PALISADE CAPITAL MANAGEMENT, LP 0.24% of their portfolio FORT LEE, NJ 8,903,0008.9m $8.9m $8.9m 0.24% Added +600.0k +600,000
5 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 6,332,0006.3m $6.5m $6.5m 0.01% Added +797.0k +797,000
6 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.04% of their portfolio HARRISBURG, PA 5,392,0005.4m $5.4m $5.4m 0.04% Unchanged
7 SSI INVESTMENT MANAGEMENT LLC 0.19% of their portfolio Los Angeles, CA 2,750,0002.8m $2.7m $2.7m 0.19% 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 0.37% of their portfolio CEDAR RAPIDS, IA 650,000650.0k $645.2k $645.2k 0.37% Unchanged
10 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 538,000538.0k $536.0k $536.0k 0.00% New
11 GRAHAM CAPITAL WEALTH MANAGEMENT, LLC 0.99% of their portfolio WASHINGTON, DC 424,000424.0k $420.8k $420.8k 0.99% Added +384.0k +384,000
12 Cutler Capital Management, LLC 0.07% of their portfolio WORCESTER, MA 145,000145.0k $143.9k $143.9k 0.07% Reduced -10.0k -10,000
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 82,00082.0k $81.4k $81.4k 0.00% Unchanged
14 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 50,00050.0k $49.9k $49.9k 0.00% Unchanged
15 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 40,00040.0k $40.0k $40.0k 0.00% New
16 Goldstein Advisors, LLC 0.01% of their portfolio Madison, WI 30,00030.0k $29.8k $29.8k 0.01% Unchanged
17 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 25,00025.0k $24.8k $24.8k 0.00% Unchanged
18 Dakota Wealth Management 0.00% of their portfolio PALM BEACH GARDENS, FL 25,00025.0k $25.4k $25.4k 0.00% New
19 REGIONS FINANCIAL CORP 0.00% of their portfolio BIRMINGHAM, AL 21,00021.0k $20.8k $20.8k 0.00% Unchanged
20 Cetera Advisors LLC 0.00% of their portfolio DENVER, CO 15,00015.0k $14.9k $14.9k 0.00% Unchanged
21 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio WEST PALM BEACH, FL 10,00010.0k $10.0k $10.0k 0.00% Unchanged
22 LAFFER TENGLER INVESTMENTS, INC. 0.91% of their portfolio Scottsdale, AZ 3,2803.3k $3.4m $3.4m 0.91% Reduced -165 -165
23 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 55 $5.0k $5.0k 0.00% New
24 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged