PGIM High Yield Bond Fund
ISD
53 hedge funds and large institutions have $126M invested in PGIM High Yield Bond Fund in 2016 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 16 reducing their positions, and 8 closing their positions.
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
2% more funds holding
Funds holding: 52 → 53 (+1)
6% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 16
3.99% less ownership
Funds ownership: 27.88% → 23.89% (-4%)
9% less capital invested
Capital invested by funds: $140M → $126M (-$13.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.12M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$740K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$717K |
| 4 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$609K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$579K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$7.08M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.43M |
| 3 |
TAM
Trust Asset Management
Houston,
Texas
|
-$2.69M |
| 4 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$2.2M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.67M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Fifth Third Bancorp
Cincinnati,
Ohio
| $4K | +$3.7K | +237 | +1,823% |
|
|
AG
52
Advisor Group
Phoenix,
Arizona
| $4K | +$4.84K | +310 | New |
|
|
PPA
53
Parametric Portfolio Associates
Seattle,
Washington
| – | -$7.08M | -459,737 | Closed |
|
|
TAM
54
Trust Asset Management
Houston,
Texas
| – | -$2.69M | -174,735 | Closed |
|
|
AA
55
AQR Arbitrage
Greenwich,
Connecticut
| – | -$439K | -28,517 | Closed |
|
|
OC
56
Oppenheimer & Co
New York
| – | -$196K | -12,750 | Closed |
|
|
CGT
57
Capital Guardian Trust
Los Angeles,
California
| – | -$16K | -1,028 | Closed |
|
58
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$2K | -120 | Closed |
|
59
US Bancorp
Minneapolis,
Minnesota
| – | -$1K | -57 | Closed |
|
60
Citigroup
New York
| – | -$766 | -49 | -71% |
|
|
VWM
61
Valley Wealth Managers
Paramus,
New Jersey
| – | +$78 | +5 | New |
|
ISD Hedge Fund Activity: Q2 2016 in Review
53 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q2 2016, worth a combined $126M — down 9.4% from $140M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new ISD positions and 8 closed out — a net gain of 1 holder — while 17 added to existing stakes and 16 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.12M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $7.08M sold.
- 53 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q2 2016, up from 52 in Q1 2016.
- Funds reported $126M of PGIM High Yield Bond Fund stock for Q2 2016, down 9.4% quarter-over-quarter.
- 9 funds opened new PGIM High Yield Bond Fund positions in Q2 2016 and 8 closed out, a net change of +1 holder.
- The largest PGIM High Yield Bond Fund buyer in Q2 2016 was Morgan Stanley, an estimated $1.12M added.
- The largest PGIM High Yield Bond Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $7.08M sold.
Based on aggregated 13F filings for Q2 2016.