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ISD

PGIM High Yield Bond Fund
ISD

61 hedge funds and large institutions have $128M invested in PGIM High Yield Bond Fund in 2017 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 19 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 6

26% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 19

9% more funds holding

Funds holding: 56 → 61 (+5)

0% more capital invested

Capital invested by funds: $128M → $128M (+$48K)

0.04% more ownership

Funds ownership: 25.03% → 25.06% (+0.04%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
61
Holders Change
+5
Holders Change %
+8.93%
% of All Funds
1.52%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
13
Increased
24
Reduced
19
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$4.08M
2
RCM
Rivernorth Capital Management
Florida
+$2.72M
3
PPA
Parametric Portfolio Associates
Washington
+$1.93M
4
Baird Financial Group
Baird Financial Group
Wisconsin
+$1.13M
5
RCM
Robinson Capital Management
Michigan
+$1.11M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$3.95M
2
Bessemer Group
Bessemer Group
New Jersey
-$3.49M
3
AMH
Apollo Management Holdings
New York
-$2.44M
4
NMC
Nine Masts Capital
Hong Kong
-$1.77M
5
AAM
Advisors Asset Management
Colorado
-$1.53M
Name Holding Trade Value Shares
Change 		Change in
Stake
DA
26
Doliver Advisors
Texas
$890K -$433K -28,403 -33%
SI
27
SII Investments
Wisconsin
$889K +$24.4K +1,600 +3%
WS
28
Wela Strategies
Georgia
$880K +$879K +57,686 New
AGM
29
Alpine Global Management
New York
$815K +$410K +26,923 +102%
HCM
30
Hilton Capital Management
New York
$773K – – –
WAM
31
Wolverine Asset Management
Illinois
$754K -$117K -7,688 -13%
PAG
32
Private Advisor Group
New Jersey
$717K +$122K +8,029 +21%
SCM
33
Saba Capital Management
New York
$708K +$706K +46,388 New
CI
34
Cowen Inc
New York
$534K -$7.62K -500 -1%
Susquehanna International Group
35
Susquehanna International Group
Pennsylvania
$531K +$530K +34,794 New
AG
36
Advisor Group
Arizona
$528K +$56.7K +3,725 +12%
Kovitz Investment Group Partners
37
Kovitz Investment Group Partners
Illinois
$521K – – –
Northwestern Mutual Wealth Management
38
Northwestern Mutual Wealth Management
Wisconsin
$469K +$80.3K +5,270 +21%
AWA
39
Arete Wealth Advisors
Illinois
$359K -$3.96K -260 -1%
DS
40
DRW Securities
Illinois
$356K – – –
Bank of Montreal
41
Bank of Montreal
Ontario, Canada
$337K +$336K +22,072 New
Millennium Management
42
Millennium Management
New York
$311K -$774K -50,819 -71%
CP
43
Camelot Portfolios
Ohio
$305K – – –
Commonwealth Equity Services
44
Commonwealth Equity Services
Massachusetts
$296K -$27.1K -1,777 -8%
BTS
45
BB&T Securities
Virginia
$294K +$25.6K +1,682 +10%
First Trust Advisors
46
First Trust Advisors
Illinois
$290K +$94.6K +6,209 +49%
VF
47
Virtu Financial
New York
$271K +$271K +17,773 New
RBC
48
Roble Belko & Company
Pennsylvania
$258K +$234K +15,378 +992%
SMG
49
Spectrum Management Group
Indiana
$237K +$236K +15,500 New
OIA
50
Optimum Investment Advisors
Illinois
$195K +$194K +12,750 New
1
2
3

ISD Hedge Fund Activity: Q3 2017 in Review

61 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q3 2017, worth a combined $128M — up 0.04% from $128M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new ISD positions and 6 closed out — a net gain of 7 holders — while 24 added to existing stakes and 19 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $4.08M. The largest seller was Morgan Stanley, cutting an estimated $3.95M.

  • 61 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q3 2017, up from 56 in Q2 2017.
  • Funds reported $128M of PGIM High Yield Bond Fund stock for Q3 2017, up 0.04% quarter-over-quarter.
  • 13 funds opened new PGIM High Yield Bond Fund positions in Q3 2017 and 6 closed out, a net change of +7 holders.
  • The largest PGIM High Yield Bond Fund buyer in Q3 2017 was Royal Bank of Canada, an estimated $4.08M added.
  • The largest PGIM High Yield Bond Fund seller in Q3 2017 was Morgan Stanley, an estimated $3.95M sold.

Based on aggregated 13F filings for Q3 2017.