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ISD

PGIM High Yield Bond Fund
ISD

69 hedge funds and large institutions have $132M invested in PGIM High Yield Bond Fund in 2017 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 23 increasing their positions, 25 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 10

13% more funds holding

Funds holding: 61 → 69 (+8)

1.67% more ownership

Funds ownership: 25.06% → 26.74% (+1.7%)

3% more capital invested

Capital invested by funds: $128M → $132M (+$3.67M)

8% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 25

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
69
Holders Change
+8
Holders Change %
+13.11%
% of All Funds
1.56%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
18
Increased
23
Reduced
25
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$6.32M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$3.12M
3
PPA
Parametric Portfolio Associates
Washington
+$2.59M
4
1CP
1607 Capital Partners
Virginia
+$2.18M
5
SIA
Sit Investment Associates
Minnesota
+$1.93M

Top Sellers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
-$3.7M
2
Morgan Stanley
Morgan Stanley
New York
-$3.5M
3
Wells Fargo
Wells Fargo
California
-$2.9M
4
Bessemer Group
Bessemer Group
New Jersey
-$1.5M
5
GC
Guggenheim Capital
Illinois
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Susquehanna International Group
26
Susquehanna International Group
Pennsylvania
$1.01M +$502K +33,561 +96%
AAM
27
Advisors Asset Management
Colorado
$980K -$776K -51,878 -44%
ICM
28
Ionic Capital Management
New York
$950K +$962K +64,300 New
SFS
29
Shaker Financial Services
Virginia
$913K -$3.7M -247,426 -80%
WS
30
Wela Strategies
Georgia
$849K -$2.71K -181 -0.3%
HCM
31
Hilton Capital Management
New York
$748K – – –
RCM
32
Robinson Capital Management
Michigan
$673K -$745K -49,807 -52%
AGM
33
Alpine Global Management
New York
$670K -$121K -8,057 -15%
6M
34
6 Meridian
Kansas
$657K +$666K +44,485 New
DA
35
Doliver Advisors
Texas
$652K -$212K -14,160 -24%
CP
36
Camelot Portfolios
Ohio
$541K +$249K +16,627 +83%
CI
37
Cowen Inc
New York
$517K – – –
AG
38
Advisor Group
Arizona
$505K -$5.54K -370 -1%
LCM
39
Landscape Capital Management
New Jersey
$502K +$344K +23,020 +210%
CRC
40
Curi RMB Capital
Illinois
$423K +$429K +28,654 New
Commonwealth Equity Services
41
Commonwealth Equity Services
Massachusetts
$414K +$130K +8,667 +45%
PAG
42
Private Advisor Group
New Jersey
$390K -$313K -20,904 -44%
BTS
43
BB&T Securities
Virginia
$382K +$98.4K +6,578 +34%
Northwestern Mutual Wealth Management
44
Northwestern Mutual Wealth Management
Wisconsin
$356K -$98.9K -6,607 -22%
DS
45
DRW Securities
Illinois
$344K – – –
Bank of Montreal
46
Bank of Montreal
Ontario, Canada
$325K -$973 -65 -0.3%
WAM
47
Weiss Asset Management
Massachusetts
$324K +$328K +21,923 New
WAM
48
Wolverine Asset Management
Illinois
$287K -$449K -29,977 -61%
RBC
49
Roble Belko & Company
Pennsylvania
$286K +$36.4K +2,430 +14%
Jane Street
50
Jane Street
New York
$270K +$273K +18,260 New
1
2
3 4

ISD Hedge Fund Activity: Q4 2017 in Review

69 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q4 2017, worth a combined $132M — up 2.9% from $128M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new ISD positions and 10 closed out — a net gain of 8 holders — while 23 added to existing stakes and 25 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $6.32M. The largest seller was Shaker Financial Services, cutting an estimated $3.7M.

  • 69 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q4 2017, up from 61 in Q3 2017.
  • Funds reported $132M of PGIM High Yield Bond Fund stock for Q4 2017, up 2.9% quarter-over-quarter.
  • 18 funds opened new PGIM High Yield Bond Fund positions in Q4 2017 and 10 closed out, a net change of +8 holders.
  • The largest PGIM High Yield Bond Fund buyer in Q4 2017 was Rivernorth Capital Management, an estimated $6.32M added.
  • The largest PGIM High Yield Bond Fund seller in Q4 2017 was Shaker Financial Services, an estimated $3.7M sold.

Based on aggregated 13F filings for Q4 2017.