New Mountain Finance Corporation bonds NMFC
Who owns New Mountain Finance Corporation's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. NMFC stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 647551AG5 | 6.2% fixed | 2027-10-15 | USD | 100.26 | 5.96% | 188 bp | 9 | $50.8M | Jul 2026 |
| 647551308 | 8.25% fixed | 2028-11-15 | USD | — | — | — | 1 | $245K | May 2026 |
| 647551AF7 | 6.875% fixed | 2029-02-01 | USD | 99.90 | 6.92% | 268 bp | 8 | $46.9M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 2 | $97.7M | 100.08 | 6.44% | 228 bp | 9 |
| Jun 2026 | 2 | $33.7M | 100.38 | 6.30% | 225 bp | 14 |
| May 2026 | 3 | $6.2M | 100.46 | 6.25% | 231 bp | 10 |
| Apr 2026 | 2 | $76.2M | 100.16 | 6.44% | 266 bp | 10 |
| Mar 2026 | 2 | $33.4M | 99.66 | 6.73% | 302 bp | 14 |
| Feb 2026 | 3 | $6.1M | 100.85 | 6.13% | 264 bp | 9 |
| Jan 2026 | 2 | $53.8M | 101.59 | 5.79% | 222 bp | 10 |
| Dec 2025 | 2 | $33.0M | 101.65 | 5.74% | 221 bp | 13 |
| Nov 2025 | 3 | $7.3M | 101.84 | 5.70% | 214 bp | 10 |
| Oct 2025 | 2 | $50.7M | 101.67 | 5.79% | 226 bp | 8 |
| Sep 2025 | 3 | $42.4M | 102.07 | 5.53% | 196 bp | 14 |
| Aug 2025 | 3 | $14.1M | 102.18 | 5.67% | 197 bp | 10 |
| Jul 2025 | 3 | $50.6M | 101.23 | 5.87% | 200 bp | 11 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 7 added, 3 cut, 2 new holders and 3 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Holbrook Income Fund Two Roads Shared Trust | 2026-07-31 | $89.9M | $89.9M | $22.0M |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $9.0M | $9.1M | $2K |
| RiverNorth/DoubleLine Strategic Income Fund RIVERNORTH FUNDS | 2026-06-30 | $8.3M | $8.3M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $3.5M | $3.6M | $0 |
| RiverNorth Opportunities Fund Inc. RIVERNORTH OPPORTUNITIES FUND INC. | 2026-06-30 | $3.5M | $3.5M | $0 |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.2M | $3.2M | -$166K |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $2.8M | $2.9M | $0 |
| iShares iBonds Dec 2029 Term Corporate ETF iShares Trust | 2026-07-31 | $2.4M | $2.4M | $228K |
| iShares iBonds Dec 2027 Term Corporate ETF iShares Trust | 2026-07-31 | $2.2M | $2.2M | $70K |
| First Trust Alternative Opportunities Fund | 2026-06-30 | $2.0M | $2.0M | $0 |
| Nuveen Bond Index Fund TIAA-CREF Funds | 2026-06-30 | $2.0M | $2.0M | $0 |
| Knights of Columbus Limited Duration Bond Fund ADVISORS' INNER CIRCLE III | 2026-07-31 | $1.3M | $1.3M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $980K | $985K | $0 |
| Hilton BDC Corporate Bond ETF Tidal Trust II | 2026-07-31 | $732K | $733K | $8K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $710K | $713K | $0 |
| NVIT Loomis Short Term Bond Fund Nationwide Variable Insurance Trust | 2026-06-30 | $660K | $662K | $0 |
| Nuveen Short Term Bond Index Fund TIAA-CREF Funds | 2026-06-30 | $500K | $502K | $0 |
| iShares U.S. Intermediate Credit Bond Index Fund BlackRock Funds | 2026-07-31 | $450K | $450K | $0 |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $350K | $351K | $0 |
| LVIP State Street Short-Term Bond Index Fund LINCOLN VARIABLE INSURANCE PRODUCTS TRUST | 2026-06-30 | $250K | $251K | $0 |
| Infrastructure Capital Bond Income ETF Series Portfolios Trust | 2026-05-31 | $10K | $245K | -$984 |
| Schwab 1-5 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $235K | $236K | $80K |
| iShares Core 1-5 Year USD Bond ETF iShares Trust | 2026-07-31 | $230K | $230K | $0 |
| JPMorgan BetaBuilders U.S. Aggregate Bond ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $220K | $221K | new |
| Bond Index Fund Northern Funds | 2026-06-30 | $200K | $201K | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Short Duration Bond Fund ($696K), State Street(R) SPDR(R) Portfolio Aggregate Bond ETF ($200K), F/m 2-Year Investment Grade Corporate Bond ETF ($42K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 2 | $9.0M | $9.1M | 0.09% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $3.5M | $3.6M | 0.02% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 2 | $3.2M | $3.2M | 0.03% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 1 | $2.8M | $2.9M | 0.00% |
| IBDU iShares iBonds Dec 2029 Term Corporate ETF | 2026-07-31 | 1 | $2.4M | $2.4M | 0.06% |
| IBDS iShares iBonds Dec 2027 Term Corporate ETF | 2026-07-31 | 1 | $2.2M | $2.2M | 0.06% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 2 | $980K | $985K | 0.00% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $710K | $713K | 0.00% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $350K | $351K | 0.00% |
| BNDS Infrastructure Capital Bond Income ETF | 2026-05-31 | 1 | $10K | $245K | 0.35% |
| SCHJ Schwab 1-5 Year Corporate Bond ETF | 2026-06-30 | 2 | $235K | $236K | 0.03% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 2 | $230K | $230K | 0.00% |
| BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 2026-05-31 | 1 | $220K | $221K | 0.02% |
| SPBO State Street(R) SPDR Portfolio Corporate Bond ETF | 2026-06-30 | 2 | $182K | $183K | 0.01% |
| SCHZ Schwab U.S. Aggregate Bond ETF | 2026-06-30 | 2 | $160K | $161K | 0.00% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 228 bp spread prices in about 3.8% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Not available.
The stock side: 13F filings
What institutions report holding in NMFC's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 11 | $6.6M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 138 | $175.1M | 3 | $231K | 2 | $760K | 0 |
| 2026-03-31 | 149 | $181.5M | 0 | — | 3 | $1.0M | 0 |
| 2025-12-31 | 165 | $274.9M | 1 | $7K | 1 | $459K | 1 |
| 2025-09-30 | 160 | $273.1M | 0 | — | 1 | $247K | 22 |
| 2025-06-30 | 168 | $328.1M | 2 | $179K | 2 | $267K | 18 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.