Vault-13

NEW MTN FIN CORP NMFC 7.5 10.15.25

NOTE 7.500%10/1 · US DOMESTIC · CUSIP 647551AE0

30 institutional holders +3 vs Q1 2024
21,968,42722.0m shares reported held*
$268.5mreported value*
4 new 5 added 11 reduced 1 sold out net sold ≈ $4.6m (-1.6m 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 ≈ $12.22.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0102030Q4 23: 21Q1 24: 27Q2 24: 3030Q4 23Q1 24Q2 24
Numbers
QuarterHolders
Q4 202321
Q1 202427
Q2 202430

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q1 24: 10 bought or addedQ1 24: 12 cut or sold outQ1 24Q2 24: 9 bought or addedQ2 24: 12 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q1 20241012
Q2 2024912

Biggest buyers

ARISTEIA CAPITAL, L.L.C. New +4,000,000+4.0m
WELLS FARGO & COMPANY/MN Added +2,811,000+2.8m
Walleye Capital LLC Added +2,500,000+2.5m
ADVENT CAPITAL MANAGEMENT /DE/ Added +970,000+970.0k
STEELHEAD PARTNERS LLC Added +500,000+500.0k
&PARTNERS New +74,000+74.0k
MORGAN STANLEY New +11,000+11.0k
BLAIR WILLIAM & CO/IL New +5,000+5.0k
Context Capital Management, LLC Added +2,500+2.5k

Biggest sellers

Radcliffe Capital Management, L.P. Reduced -5,500,000-5.5m
JPMORGAN CHASE & CO Sold out -4,622,000-4.6m
OAKTREE CAPITAL MANAGEMENT LP Reduced -1,777,000-1.8m
Thrivent Financial for Lutherans Reduced -1,000,000-1.0m
Russell Investments Group, Ltd. Reduced -996,000-996.0k
INCOME RESEARCH & MANAGEMENT Reduced -670,000-670.0k
VICTORY CAPITAL MANAGEMENT INC Reduced -388,000-388.0k
Jefferies Financial Group Inc. Reduced -382,000-382.0k
AEGON USA Investment Management, LLC Reduced -95,000-95.0k
BANK OF AMERICA CORP /DE/ Reduced -8,000-8.0k

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio San Antonio, TX 48,587,00048.6m $49.0m $49.0m 0.05% Reduced -388.0k -388,000
2 Radcliffe Capital Management, L.P. 9.59% of their portfolio BALA CYNWYD, PA 48,500,00048.5m $48.8m $48.8m 9.59% Reduced -5.5m -5,500,000
3 ADVENT CAPITAL MANAGEMENT /DE/ 0.91% of their portfolio NEW YORK, NY 36,509,00036.5m $37.5m $37.5m 0.91% Added +970.0k +970,000
4 Walleye Capital LLC 0.20% of their portfolio NEW YORK, NY 19,000,00019.0m $19.2m $19.2m 0.20% Added +2.5m +2,500,000
5 STEELHEAD PARTNERS LLC 0.68% of their portfolio SEATTLE, WA 13,000,00013.0m $13.2m $13.2m 0.68% Added +500.0k +500,000
6 INCOME RESEARCH & MANAGEMENT 6.99% of their portfolio Boston, MA 12,042,00012.0m $12.1m $12.1m 6.99% Reduced -670.0k -670,000
7 WOLVERINE ASSET MANAGEMENT LLC 0.16% of their portfolio CHICAGO, IL 8,500,0008.5m $8.6m $8.6m 0.16% Unchanged
8 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 6,735,0006.7m $6.9m $6.9m 0.01% Reduced -996.0k -996,000
9 OAKTREE CAPITAL MANAGEMENT LP 0.10% of their portfolio LOS ANGELES, CA 5,576,0005.6m $5.6m $5.6m 0.10% Reduced -1.8m -1,777,000
10 PALISADE CAPITAL MANAGEMENT, LP 0.15% of their portfolio FORT LEE, NJ 5,279,0005.3m $5.3m $5.3m 0.15% Unchanged
11 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 4,904,0004.9m $4.9m $4.9m 0.00% Reduced -8.0k -8,000
12 Yakira Capital Management, Inc. 1.80% of their portfolio Westport, CT 4,500,0004.5m $4.5m $4.5m 1.80% Unchanged
13 ARISTEIA CAPITAL, L.L.C. 0.15% of their portfolio GREENWICH, CT 4,000,0004.0m $4.0m $4.0m 0.15% New
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,811,0003.8m $3.8m $3.8m 0.00% Added +2.8m +2,811,000
15 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 2,900,0002.9m $2.9m $2.9m 0.00% Unchanged
16 Catalyst Capital Advisors LLC 0.07% of their portfolio San Juan, PR 2,825,0002.8m $2.9m $2.9m 0.07% Unchanged
17 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 2,500,0002.5m $2.5m $2.5m 0.01% Reduced -1.0m -1,000,000
18 BlackRock Inc. 0.00% of their portfolio New York, NY 1,600,0001.6m $1.6m $1.6m 0.00% Unchanged
19 Jefferies Financial Group Inc. 0.02% of their portfolio NEW YORK, NY 1,095,0001.1m $1.1m $1.1m 0.02% Reduced -382.0k -382,000
20 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,000,0001.0m $1.0m $1.0m 0.00% Unchanged
21 AEGON USA Investment Management, LLC 0.12% of their portfolio CEDAR RAPIDS, IA 155,000155.0k $156.1k $156.1k 0.12% Reduced -95.0k -95,000
22 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 74,00074.0k $74.5k $74.5k 0.00% New
23 Context Capital Management, LLC 1.08% of their portfolio LAJOLLA, CA 29,58629.6k $29.9m $29.9m 1.08% Added +2.5k +2,500
24 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 16,00016.0k $16.1k $16.1k 0.00% Unchanged
25 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 14,00014.0k $14.2k $14.2k 0.00% Reduced -6.0k -6,000
26 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 11,00011.0k $11.1k $11.1k 0.00% New
27 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 9,0009.0k $9.0k $9.0k 0.00% Unchanged
28 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 5,0005.0k $5.0k $5.0k 0.00% New
29 LAFFER TENGLER INVESTMENTS, INC. 0.55% of their portfolio Scottsdale, AZ 2,4272.4k $2.5m $2.5m 0.55% Reduced -162 -162
30 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged