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ISD

PGIM High Yield Bond Fund
ISD

52 hedge funds and large institutions have $140M invested in PGIM High Yield Bond Fund in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 15

4% more capital invested

Capital invested by funds: $134M → $140M (+$5.88M)

0.61% more ownership

Funds ownership: 27.28% → 27.88% (+0.61%)

0% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 8

2% less funds holding

Funds holding: 53 → 52 (-1)

Holders
52
Holders Change
-1
Holders Change %
-1.89%
% of All Funds
1.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
18
Reduced
15
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$5.75M
2
VIA
Vident Investment Advisory
Georgia
+$2.44M
3
CI
Cowen Inc
New York
+$1.35M
4
LPL Financial
LPL Financial
California
+$1.22M
5
EM
EnTrustPermal Management
New York
+$1.15M

Top Sellers

Rank Fund Capital Flow
1
ACM
Advent Capital Management
New York
-$2.12M
2
Bessemer Group
Bessemer Group
New Jersey
-$1.85M
3
SG Americas Securities
SG Americas Securities
New York
-$1.71M
4
GC
Guggenheim Capital
Illinois
-$1.26M
5
LCM
Landscape Capital Management
New Jersey
-$931K
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$768K +$36.7K +2,482 +5%
SI
27
SII Investments
Wisconsin
$759K +$380K +25,665 +108%
State of Wisconsin Investment Board
28
State of Wisconsin Investment Board
Wisconsin
$634K +$407K +27,500 +201%
Kovitz Investment Group Partners
29
Kovitz Investment Group Partners
Illinois
$532K +$512K +34,570 New
AA
30
AQR Arbitrage
Connecticut
$439K -$754K -50,950 -64%
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$344K +$1.61K +109 +0.5%
Commonwealth Equity Services
32
Commonwealth Equity Services
Massachusetts
$312K +$21.6K +1,457 +8%
CP
33
Camelot Portfolios
Ohio
$308K – – –
DS
34
DRW Securities
Illinois
$239K -$80.8K -5,459 -26%
AWA
35
Arete Wealth Advisors
Illinois
$215K +$206K +13,949 New
ICAS
36
Investors Capital Advisory Services
Massachusetts
$207K – – –
OC
37
Oppenheimer & Co
New York
$196K – – –
BTS
38
BB&T Securities
Virginia
$190K -$39.7K -2,685 -18%
PAG
39
Private Advisor Group
New Jersey
$164K +$157K +10,631 New
MFS
40
MSI Financial Services
Massachusetts
$101K +$20K +1,353 +26%
Envestnet Asset Management
41
Envestnet Asset Management
Illinois
$56K -$15.4K -1,039 -22%
RBC
42
Roble Belko & Company
Pennsylvania
$53K – – –
TJHA
43
Thomas J. Herzfeld Advisors
Florida
$29K -$37K -2,500 -57%
PNC Financial Services Group
44
PNC Financial Services Group
Pennsylvania
$23K – – –
BKA
45
Brick & Kyle Associates
Pennsylvania
$18K +$17.2K +1,160 New
CGT
46
Capital Guardian Trust
California
$16K +$15.2K +1,028 New
VIA
47
Vident Investment Advisory
Georgia
$4.96K +$2.44M +164,812 +105%
Creative Planning
48
Creative Planning
Kansas
$4K – – –
Carson Wealth (CWM LLC)
49
Carson Wealth (CWM LLC)
Nebraska
$2K +$1.78K +120 New
Citigroup
50
Citigroup
New York
$1K -$30 -2 -3%
1
2
3

ISD Hedge Fund Activity: Q1 2016 in Review

52 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q1 2016, worth a combined $140M — up 4.4% from $134M a quarter earlier.

Fund positioning in ISD was balanced in Q1 2016: 8 funds opened new positions, 8 closed out, 18 added to existing stakes and 15 trimmed.

The largest buyer was Wells Fargo, adding an estimated $5.75M. The largest seller was Advent Capital Management, exiting entirely with an estimated $2.12M sold.

  • 52 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q1 2016, down from 53 in Q4 2015.
  • Funds reported $140M of PGIM High Yield Bond Fund stock for Q1 2016, up 4.4% quarter-over-quarter.
  • 8 funds opened new PGIM High Yield Bond Fund positions in Q1 2016 and 8 closed out, a net change of 0 holders.
  • The largest PGIM High Yield Bond Fund buyer in Q1 2016 was Wells Fargo, an estimated $5.75M added.
  • The largest PGIM High Yield Bond Fund seller in Q1 2016 was Advent Capital Management, an estimated $2.12M sold.

Based on aggregated 13F filings for Q1 2016.