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ISD

PGIM High Yield Bond Fund
ISD

36 hedge funds and large institutions have $101M invested in PGIM High Yield Bond Fund in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 5 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 5

13% more capital invested

Capital invested by funds: $89.3M → $101M (+$11.2M)

2.94% more ownership

Funds ownership: 14.39% → 17.33% (+2.9%)

8% less funds holding

Funds holding: 39 → 36 (-3)

43% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 7

Holders
36
Holders Change
-3
Holders Change %
-7.69%
% of All Funds
1.04%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
20
Reduced
5
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bessemer Group
Bessemer Group
New Jersey
+$13.3M
2
Morgan Stanley
Morgan Stanley
New York
+$5.55M
3
GC
Guggenheim Capital
Illinois
+$3.4M
4
PPA
Parametric Portfolio Associates
Washington
+$1.85M
5
SFS
Shaker Financial Services
Virginia
+$910K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$4.55M
2
Bank of America
Bank of America
North Carolina
-$3.87M
3
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$844K
4
U
UBS
Switzerland
-$501K
5
Invesco
Invesco
Georgia
-$167K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$312K +$21.1K +1,224 +7%
CI
27
Chartist Inc
California
$279K – – –
ICAS
28
Investors Capital Advisory Services
Massachusetts
$236K +$25K +1,450 +11%
Barclays
29
Barclays
United Kingdom
$128K – – –
MFS
30
MSI Financial Services
Massachusetts
$70K +$1.73K +100 +2%
OIA
31
Optimum Investment Advisors
Illinois
$33K – – –
BRWM
32
B. Riley Wealth Management
Tennessee
$30K +$673 +39 +2%
WA
33
WFG Advisors
Texas
$21K +$138 +8 +0.6%
BFEC
34
Benjamin F. Edwards & Company
Missouri
$10K +$10.1K +585 New
EWM
35
Edge Wealth Management
New York
$10K +$10.4K +600 New
MA
36
MUFG Americas
New York
$3K – – –
Citigroup
37
Citigroup
New York
$1K – – –
Janney Montgomery Scott
38
Janney Montgomery Scott
Pennsylvania
– -$844K -46,977 Closed
Envestnet Asset Management
39
Envestnet Asset Management
Illinois
– -$104K -5,802 Closed
SG Americas Securities
40
SG Americas Securities
New York
– -$103K -5,730 Closed
BRWA
41
B. Riley Wealth Advisors
Florida
– -$27K -1,500 Closed
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
– -$27K -1,500 Closed
TCM
43
TD Capital Management
Tennessee
– -$14K -801 Closed
DBT
44
Dubuque Bank & Trust
Iowa
– -$10K -550 Closed
1
2

ISD Hedge Fund Activity: Q3 2014 in Review

36 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q3 2014, worth a combined $101M — up 13% from $89.3M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of ISD and 4 opened new positions — a net loss of 3 holders — while 5 trimmed existing stakes and 20 added.

The largest buyer was Bessemer Group, opening a new position worth an estimated $13.3M. The largest seller was Saba Capital Management, cutting an estimated $4.55M.

  • 36 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q3 2014, down from 39 in Q2 2014.
  • Funds reported $101M of PGIM High Yield Bond Fund stock for Q3 2014, up 13% quarter-over-quarter.
  • 4 funds opened new PGIM High Yield Bond Fund positions in Q3 2014 and 7 closed out, a net change of -3 holders.
  • The largest PGIM High Yield Bond Fund buyer in Q3 2014 was Bessemer Group, an estimated $13.3M added.
  • The largest PGIM High Yield Bond Fund seller in Q3 2014 was Saba Capital Management, an estimated $4.55M sold.

Based on aggregated 13F filings for Q3 2014.