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ISD

PGIM High Yield Bond Fund

47 hedge funds and large institutions have $135M invested in PGIM High Yield Bond Fund in 2016 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 16 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more capital invested

Capital invested by funds: $126M → $135M (+$8.69M)

0% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 16

0.82% less ownership

Funds ownership: 23.89%23.07% (-0.82%)

11% less funds holding

Funds holding: 5347 (-6)

45% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 11

Holders
47
Holders Change
-6
Holders Change %
-11.32%
% of All Funds
1.25%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
6
Increased
16
Reduced
16
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AWA
26
Arete Wealth Advisors
Illinois
$415K +$74.5K +4,683 +22%
PFS
27
Prospera Financial Services
Texas
$363K -$41.1K -2,582 -10%
RCM
28
Robinson Capital Management
Michigan
$358K
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$350K +$21.7K +1,364 +7%
State of Wisconsin Investment Board
30
State of Wisconsin Investment Board
Wisconsin
$329K
CP
31
Camelot Portfolios
Ohio
$320K
DA
32
Doliver Advisors
Texas
$254K +$252K +15,860 New
NMC
33
Nine Masts Capital
Hong Kong
$248K +$247K +15,520 New
BTS
34
BB&T Securities
Virginia
$244K +$2.13K +134 +0.9%
PAG
35
Private Advisor Group
New Jersey
$190K +$15.9K +1,000 +9%
DS
36
DRW Securities
Illinois
$189K -$21.6K -1,355 -10%
IA
37
IFP Advisors
Florida
$158K -$3.98K -250 -2%
MFS
38
MSI Financial Services
Massachusetts
$56K -$55.6K -3,494 -50%
NFG
39
Next Financial Group
Texas
$42K -$41.3K -2,594 -50%
RBC
40
Roble Belko & Company
Pennsylvania
$25K
PNC Financial Services Group
41
PNC Financial Services Group
Pennsylvania
$24K
AG
42
Advisor Group
Arizona
$20K +$14.7K +922 +297%
BKA
43
Brick & Kyle Associates
Pennsylvania
$19K
Envestnet Asset Management
44
Envestnet Asset Management
Illinois
$18K -$40.3K -2,533 -70%
SIA
45
SeaBridge Investment Advisors
New Jersey
$10K
PCM
46
Penserra Capital Management
California
$7K +$1.89K +119 +33%
Creative Planning
47
Creative Planning
Kansas
$4K
Carson Wealth (CWM LLC)
48
Carson Wealth (CWM LLC)
Nebraska
$3K +$2.7K +170 New
RCM
49
Rivernorth Capital Management
Florida
-$5.07M -321,101 Closed
EVM
50
Eaton Vance Management
Massachusetts
-$4.6M -291,449 Closed

ISD Hedge Fund Activity: Q3 2016 in Review

47 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q3 2016, worth a combined $135M — up 6.9% from $126M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of ISD and 6 opened new positions — a net loss of 5 holders — while 16 trimmed existing stakes and 16 added.

The largest buyer was Apollo Management Holdings, opening a new position worth an estimated $4.08M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $5.07M sold.

  • 47 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q3 2016, down from 53 in Q2 2016.
  • Funds reported $135M of PGIM High Yield Bond Fund stock for Q3 2016, up 6.9% quarter-over-quarter.
  • 6 funds opened new PGIM High Yield Bond Fund positions in Q3 2016 and 11 closed out, a net change of -5 holders.
  • The largest PGIM High Yield Bond Fund buyer in Q3 2016 was Apollo Management Holdings, an estimated $4.08M added.
  • The largest PGIM High Yield Bond Fund seller in Q3 2016 was Rivernorth Capital Management, an estimated $5.07M sold.

Based on aggregated 13F filings for Q3 2016.