PGIM High Yield Bond Fund
ISD
25 hedge funds and large institutions have $46.6M invested in PGIM High Yield Bond Fund in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 11 increasing their positions, 5 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
120% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 5
50% more capital invested
Capital invested by funds: $31.1M → $46.6M (+$15.6M)
32% more funds holding
Funds holding: 19 → 25 (+6)
2.25% more ownership
Funds ownership: 4.99% → 7.24% (+2.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$2.3M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.3M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$982K |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$952K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$344K |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$187K |
| 3 |
Citigroup
New York
|
-$81.6K |
| 4 |
PTC
Private Trust Company
Cleveland,
Ohio
|
-$64K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$47.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCM
26
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$187K | -10,000 | Closed |
|
|
PTC
27
Private Trust Company
Cleveland,
Ohio
| – | -$64K | -3,440 | Closed |
|
28
Nomura Holdings
Tokyo,
Japan
| – | -$11K | -600 | Closed |
|
ISD Hedge Fund Activity: Q3 2013 in Review
25 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q3 2013, worth a combined $46.6M — up 50% from $31.1M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new ISD positions and 3 closed out — a net gain of 6 holders — while 11 added to existing stakes and 5 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $4M. The largest seller was LPL Financial, cutting an estimated $344K.
- 25 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q3 2013, up from 19 in Q2 2013.
- Funds reported $46.6M of PGIM High Yield Bond Fund stock for Q3 2013, up 50% quarter-over-quarter.
- 9 funds opened new PGIM High Yield Bond Fund positions in Q3 2013 and 3 closed out, a net change of +6 holders.
- The largest PGIM High Yield Bond Fund buyer in Q3 2013 was Morgan Stanley, an estimated $4M added.
- The largest PGIM High Yield Bond Fund seller in Q3 2013 was LPL Financial, an estimated $344K sold.
Based on aggregated 13F filings for Q3 2013.