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ISD

PGIM High Yield Bond Fund
ISD

53 hedge funds and large institutions have $136M invested in PGIM High Yield Bond Fund in 2017 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 10 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

110% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 10

100% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 5

8% more funds holding

Funds holding: 49 → 53 (+4)

0.4% less ownership

Funds ownership: 24.45% → 24.05% (-0.4%)

2% less capital invested

Capital invested by funds: $140M → $136M (-$3.11M)

Holders
53
Holders Change
+4
Holders Change %
+8.16%
% of All Funds
1.32%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
10
Increased
21
Reduced
10
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$1.61M
2
UBS Group
UBS Group
Switzerland
+$1.29M
3
Ameriprise
Ameriprise
Minnesota
+$879K
4
Morgan Stanley
Morgan Stanley
New York
+$669K
5
DA
Doliver Advisors
Texas
+$659K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$8.06M
2
YMRC
Yorktown Management & Research Company
Virginia
-$1.11M
3
GC
Guggenheim Capital
Illinois
-$734K
4
Bessemer Group
Bessemer Group
New Jersey
-$632K
5
Citigroup
Citigroup
New York
-$427K
Name Holding Trade Value Shares
Change 		Change in
Stake
CI
26
Cowen Inc
New York
$546K – – –
Kovitz Investment Group Partners
27
Kovitz Investment Group Partners
Illinois
$525K – – –
Millennium Management
28
Millennium Management
New York
$506K +$514K +32,911 New
NMC
29
Nine Masts Capital
Hong Kong
$481K +$488K +31,300 New
WAM
30
Wolverine Asset Management
Illinois
$432K +$439K +28,125 New
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$362K +$12.7K +813 +4%
IPC
32
Independent Portfolio Consultants
Florida
$360K +$365K +23,410 New
PFS
33
Prospera Financial Services
Texas
$351K – – –
AWA
34
Arete Wealth Advisors
Illinois
$345K -$69.4K -4,445 -17%
RCM
35
Robinson Capital Management
Michigan
$344K – – –
Commonwealth Equity Services
36
Commonwealth Equity Services
Massachusetts
$331K +$6.19K +397 +2%
CP
37
Camelot Portfolios
Ohio
$308K – – –
DS
38
DRW Securities
Illinois
$294K +$31.2K +2,000 +12%
AG
39
Advisor Group
Arizona
$249K +$198K +12,716 +370%
PAG
40
Private Advisor Group
New Jersey
$225K -$27.5K -1,762 -11%
FFEC
41
First Financial Equity Corporation
Arizona
$225K +$229K +14,663 New
SIA
42
Sit Investment Associates
Minnesota
$219K +$222K +14,239 New
First Trust Advisors
43
First Trust Advisors
Illinois
$183K +$186K +11,920 New
IA
44
IFP Advisors
Florida
$123K +$9.55K +612 +8%
PFGIA
45
Patriot Financial Group Insurance Agency
Massachusetts
$75K +$59.3K +3,800 +345%
RBC
46
Roble Belko & Company
Pennsylvania
$24K – – –
PNC Financial Services Group
47
PNC Financial Services Group
Pennsylvania
$23K – – –
BKA
48
Brick & Kyle Associates
Pennsylvania
$18K – – –
Envestnet Asset Management
49
Envestnet Asset Management
Illinois
$17K – – –
PCM
50
Penserra Capital Management
California
$12K +$4.17K +267 +50%
1
2
3

ISD Hedge Fund Activity: Q1 2017 in Review

53 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q1 2017, worth a combined $136M — down 2.2% from $140M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new ISD positions and 5 closed out — a net gain of 5 holders — while 21 added to existing stakes and 10 trimmed.

The largest buyer was Shaker Financial Services, adding an estimated $1.61M. The largest seller was Wells Fargo, cutting an estimated $8.06M.

  • 53 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q1 2017, up from 49 in Q4 2016.
  • Funds reported $136M of PGIM High Yield Bond Fund stock for Q1 2017, down 2.2% quarter-over-quarter.
  • 10 funds opened new PGIM High Yield Bond Fund positions in Q1 2017 and 5 closed out, a net change of +5 holders.
  • The largest PGIM High Yield Bond Fund buyer in Q1 2017 was Shaker Financial Services, an estimated $1.61M added.
  • The largest PGIM High Yield Bond Fund seller in Q1 2017 was Wells Fargo, an estimated $8.06M sold.

Based on aggregated 13F filings for Q1 2017.