PGIM High Yield Bond Fund
ISD
31 hedge funds and large institutions have $83.1M invested in PGIM High Yield Bond Fund in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 6 reducing their positions, and 4 closing their positions.
150% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 4
150% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 6
78% more capital invested
Capital invested by funds: $46.6M → $83.1M (+$36.4M)
24% more funds holding
Funds holding: 25 → 31 (+6)
6.44% more ownership
Funds ownership: 7.24% → 13.68% (+6.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$19.5M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$5.97M |
| 3 |
Morgan Stanley
New York
|
+$4.65M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$2.17M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$516K |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$418K |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$262K |
| 4 |
Barclays
London,
United Kingdom
|
-$135K |
| 5 |
Citigroup
New York
|
-$132K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ICAS
26
Investors Capital Advisory Services
Lynnfield,
Massachusetts
| $226K | -$35.4K | -2,000 | -13% |
|
|
MFS
27
MSI Financial Services
Springfield,
Massachusetts
| $92K | +$15.9K | +900 | +21% |
|
|
28
Citigroup
New York
| $50K | -$132K | -7,441 | -72% |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| $38K | +$23.8K | +1,345 | +155% |
|
30
Creative Planning
Overland Park,
Kansas
| $2K | +$1.77K | +100 | New |
|
|
MA
31
MUFG Americas
New York
| $1K | +$1.2K | +68 | New |
|
|
DA
32
Doliver Advisors
Houston,
Texas
| – | -$418K | -23,245 | Closed |
|
|
33
Barclays
London,
United Kingdom
| – | -$135K | -7,500 | Closed |
|
|
PFO
34
Pathstone Family Office
Englewood,
New Jersey
| – | -$52K | -2,873 | Closed |
|
35
Ameriprise
Minneapolis,
Minnesota
| – | -$12K | -680 | Closed |
|
ISD Hedge Fund Activity: Q4 2013 in Review
31 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q4 2013, worth a combined $83.1M — up 78% from $46.6M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new ISD positions and 4 closed out — a net gain of 6 holders — while 15 added to existing stakes and 6 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $19.5M. The largest seller was Raymond James & Associates, cutting an estimated $516K.
- 31 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q4 2013, up from 25 in Q3 2013.
- Funds reported $83.1M of PGIM High Yield Bond Fund stock for Q4 2013, up 78% quarter-over-quarter.
- 10 funds opened new PGIM High Yield Bond Fund positions in Q4 2013 and 4 closed out, a net change of +6 holders.
- The largest PGIM High Yield Bond Fund buyer in Q4 2013 was Saba Capital Management, an estimated $19.5M added.
- The largest PGIM High Yield Bond Fund seller in Q4 2013 was Raymond James & Associates, an estimated $516K sold.
Based on aggregated 13F filings for Q4 2013.