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ISD

PGIM High Yield Bond Fund

74 hedge funds and large institutions have $198M invested in PGIM High Yield Bond Fund in 2019 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 33 increasing their positions, 22 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 22

16% more capital invested

Capital invested by funds: $171M → $198M (+$26.6M)

2.28% more ownership

Funds ownership: 39.54%41.82% (+2.3%)

1% more funds holding

Funds holding: 7374 (+1)

8% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 12

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

Holders
74
Holders Change
+1
Holders Change %
+1.37%
% of All Funds
1.6%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
13
Increased
33
Reduced
22
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
LCM
26
Landscape Capital Management
New Jersey
$1.07M -$482K -34,624 -31%
AAM
27
Advisors Asset Management
Colorado
$988K +$776K +55,726 +399%
LPL Financial
28
LPL Financial
California
$940K +$88.4K +6,346 +11%
6M
29
6 Meridian
Kansas
$847K +$332K +23,842 +66%
Ameriprise
30
Ameriprise
Minnesota
$786K +$31.3K +2,246 +4%
RCM
31
Robinson Capital Management
Michigan
$749K -$22.3K -1,600 -3%
ACH
32
ArrowMark Colorado Holdings
Colorado
$749K -$1.04K -75 -0.1%
HCM
33
Hilton Capital Management
New York
$709K -$699K -50,200 Closed
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$683K -$30.3K -2,176 -4%
ACP
35
Aviance Capital Partners
Florida
$489K -$138K -9,898 -22%
BTS
36
BB&T Securities
Virginia
$459K -$35.7K -2,560 -7%
AA
37
AQR Arbitrage
Connecticut
$413K -$282K -20,277 -41%
Northwestern Mutual Wealth Management
38
Northwestern Mutual Wealth Management
Wisconsin
$392K +$68.3K +4,902 +22%
RJT
39
Raymond James Trust
Florida
$381K +$79.5K +5,709 +27%
PAS
40
Park Avenue Securities
New York
$342K +$17.3K +1,242 +5%
RBC
41
Roble Belko & Company
Pennsylvania
$334K
FIA
42
FNY Investment Advisers
New York
$320K +$292K +20,952 +1,289%
GC
43
Guggenheim Capital
Illinois
$304K +$11.5K +825 +4%
PAG
44
Private Advisor Group
New Jersey
$290K +$285K +20,446 New
Commonwealth Equity Services
45
Commonwealth Equity Services
Massachusetts
$279K +$641 +46 +0.2%
Bank of Montreal
46
Bank of Montreal
Ontario, Canada
$269K +$265K +19,000 New
First Trust Advisors
47
First Trust Advisors
Illinois
$267K +$24.7K +1,773 +10%
Envestnet Asset Management
48
Envestnet Asset Management
Illinois
$257K -$11.7K -843 -4%
MSL
49
Mackay Shields LLC
New York
$213K
CWM
50
Cornerstone Wealth Management
Missouri
$211K +$48.5K +3,483 New

ISD Hedge Fund Activity: Q1 2019 in Review

74 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q1 2019, worth a combined $198M — up 16% from $171M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new ISD positions and 12 closed out — a net gain of 1 holder — while 33 added to existing stakes and 22 trimmed.

The largest buyer was Beach Point Capital Management, opening a new position worth an estimated $6.8M. The largest seller was BlackRock, exiting entirely with an estimated $3.17M sold.

  • 74 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q1 2019, up from 73 in Q4 2018.
  • Funds reported $198M of PGIM High Yield Bond Fund stock for Q1 2019, up 16% quarter-over-quarter.
  • 13 funds opened new PGIM High Yield Bond Fund positions in Q1 2019 and 12 closed out, a net change of +1 holder.
  • The largest PGIM High Yield Bond Fund buyer in Q1 2019 was Beach Point Capital Management, an estimated $6.8M added.
  • The largest PGIM High Yield Bond Fund seller in Q1 2019 was BlackRock, an estimated $3.17M sold.

Based on aggregated 13F filings for Q1 2019.