PGIM High Yield Bond Fund
ISD
52 hedge funds and large institutions have $140M invested in PGIM High Yield Bond Fund in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 8 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 15
4% more capital invested
Capital invested by funds: $134M → $140M (+$5.88M)
0.61% more ownership
Funds ownership: 27.28% → 27.88% (+0.61%)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
2% less funds holding
Funds holding: 53 → 52 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$5.75M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$2.44M |
| 3 |
CI
Cowen Inc
New York
|
+$1.35M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.22M |
| 5 |
EM
EnTrustPermal Management
New York
|
+$1.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Advent Capital Management
New York
|
-$2.12M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$1.85M |
| 3 |
SG Americas Securities
New York
|
-$1.71M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.26M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$931K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
US Bancorp
Minneapolis,
Minnesota
| $1K | – | – | – |
|
|
PCM
52
Penserra Capital Management
Orinda,
California
| $5 | -$1.17K | -79 | -18% |
|
|
ACM
53
Advent Capital Management
New York
| – | -$2.12M | -145,400 | Closed |
|
|
54
SG Americas Securities
New York
| – | -$1.71M | -117,428 | Closed |
|
|
LCM
55
Landscape Capital Management
Englewood,
New Jersey
| – | -$931K | -63,761 | Closed |
|
|
WAM
56
Weiss Asset Management
Boston,
Massachusetts
| – | -$630K | -43,128 | Closed |
|
|
LCM
57
Laurion Capital Management
New York
| – | -$473K | -32,402 | Closed |
|
|
RCM
58
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$404K | -27,658 | Closed |
|
|
NMC
59
Nine Masts Capital
Central,
Hong Kong
| – | -$215K | -14,705 | Closed |
|
|
IA
60
IFP Advisors
Tampa,
Florida
| – | -$148K | -10,150 | Closed |
|
|
TRCT
61
Tower Research Capital (TRC)
New York
| – | +$44 | +3 | New |
|
ISD Hedge Fund Activity: Q1 2016 in Review
52 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q1 2016, worth a combined $140M — up 4.4% from $134M a quarter earlier.
Fund positioning in ISD was balanced in Q1 2016: 8 funds opened new positions, 8 closed out, 18 added to existing stakes and 15 trimmed.
The largest buyer was Wells Fargo, adding an estimated $5.75M. The largest seller was Advent Capital Management, exiting entirely with an estimated $2.12M sold.
- 52 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q1 2016, down from 53 in Q4 2015.
- Funds reported $140M of PGIM High Yield Bond Fund stock for Q1 2016, up 4.4% quarter-over-quarter.
- 8 funds opened new PGIM High Yield Bond Fund positions in Q1 2016 and 8 closed out, a net change of 0 holders.
- The largest PGIM High Yield Bond Fund buyer in Q1 2016 was Wells Fargo, an estimated $5.75M added.
- The largest PGIM High Yield Bond Fund seller in Q1 2016 was Advent Capital Management, an estimated $2.12M sold.
Based on aggregated 13F filings for Q1 2016.