PGIM High Yield Bond Fund
ISD
45 hedge funds and large institutions have $124M invested in PGIM High Yield Bond Fund in 2015 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 14 increasing their positions, 13 reducing their positions, and 11 closing their positions.
27% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 11
2.59% more ownership
Funds ownership: 21.44% → 24.03% (+2.6%)
2% more funds holding
Funds holding: 44 → 45 (+1)
8% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 13
2% more capital invested
Capital invested by funds: $122M → $124M (+$2.15M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$8.99M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$3.15M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$2.6M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$1.12M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.86M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.32M |
| 3 |
KSCM
Kamunting Street Capital Management
Miami Beach,
Florida
|
-$1.03M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$980K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$894K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Goldman Sachs
New York
| – | -$172K | -10,551 | Closed |
|
52
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$52K | -3,183 | Closed |
|
|
TRCT
53
Tower Research Capital (TRC)
New York
| – | -$28K | -1,700 | Closed |
|
|
AF
54
Arrow Financial
Glens Falls,
New York
| – | -$9K | -565 | Closed |
|
|
MA
55
MUFG Americas
New York
| – | -$4K | -216 | Closed |
|
ISD Hedge Fund Activity: Q2 2015 in Review
45 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q2 2015, worth a combined $124M — up 1.8% from $122M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new ISD positions and 11 closed out — a net gain of 3 holders — while 14 added to existing stakes and 13 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $8.99M. The largest seller was Morgan Stanley, cutting an estimated $1.86M.
- 45 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q2 2015, up from 44 in Q1 2015.
- Funds reported $124M of PGIM High Yield Bond Fund stock for Q2 2015, up 1.8% quarter-over-quarter.
- 14 funds opened new PGIM High Yield Bond Fund positions in Q2 2015 and 11 closed out, a net change of +3 holders.
- The largest PGIM High Yield Bond Fund buyer in Q2 2015 was Rivernorth Capital Management, an estimated $8.99M added.
- The largest PGIM High Yield Bond Fund seller in Q2 2015 was Morgan Stanley, an estimated $1.86M sold.
Based on aggregated 13F filings for Q2 2015.