PGIM High Yield Bond Fund
ISD
53 hedge funds and large institutions have $134M invested in PGIM High Yield Bond Fund in 2015 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
27% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 15
18% more funds holding
Funds holding: 45 → 53 (+8)
17% more capital invested
Capital invested by funds: $114M → $134M (+$19.3M)
3.91% more ownership
Funds ownership: 23.37% → 27.28% (+3.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$4.88M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$4.6M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$2.25M |
| 4 |
SG Americas Securities
New York
|
+$1.72M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.04M |
| 2 |
Morgan Stanley
New York
|
-$1.6M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$619K |
| 4 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$523K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$517K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
51
Penserra Capital Management
Orinda,
California
| $6K | +$6.39K | +436 | New |
|
52
Creative Planning
Overland Park,
Kansas
| $4K | – | – | – |
|
53
Citigroup
New York
| $1K | -$29 | -2 | -3% |
|
54
US Bancorp
Minneapolis,
Minnesota
| $1K | – | – | – |
|
|
WAM
55
Wolverine Asset Management
Chicago,
Illinois
| – | -$619K | -42,257 | Closed |
|
|
DA
56
Doliver Advisors
Houston,
Texas
| – | -$517K | -35,250 | Closed |
|
|
MIG
57
Mariner Investment Group
Harrison,
New York
| – | -$480K | -32,762 | Closed |
|
|
AA
58
Ancora Advisors
Cleveland,
Ohio
| – | -$415K | -28,318 | Closed |
|
|
SCM
59
Saba Capital Management
New York
| – | -$381K | -26,000 | Closed |
|
|
BFEC
60
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$9K | -585 | Closed |
|
61
Fifth Third Bancorp
Cincinnati,
Ohio
| – | +$190 | +13 | New |
|
ISD Hedge Fund Activity: Q4 2015 in Review
53 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q4 2015, worth a combined $134M — up 17% from $114M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new ISD positions and 6 closed out — a net gain of 8 holders — while 19 added to existing stakes and 15 trimmed.
The largest buyer was Yorktown Management & Research Company, adding an estimated $4.88M. The largest seller was Bessemer Group, cutting an estimated $2.04M.
- 53 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q4 2015, up from 45 in Q3 2015.
- Funds reported $134M of PGIM High Yield Bond Fund stock for Q4 2015, up 17% quarter-over-quarter.
- 14 funds opened new PGIM High Yield Bond Fund positions in Q4 2015 and 6 closed out, a net change of +8 holders.
- The largest PGIM High Yield Bond Fund buyer in Q4 2015 was Yorktown Management & Research Company, an estimated $4.88M added.
- The largest PGIM High Yield Bond Fund seller in Q4 2015 was Bessemer Group, an estimated $2.04M sold.
Based on aggregated 13F filings for Q4 2015.