PGIM High Yield Bond Fund
ISD
47 hedge funds and large institutions have $135M invested in PGIM High Yield Bond Fund in 2016 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 16 reducing their positions, and 11 closing their positions.
7% more capital invested
Capital invested by funds: $126M → $135M (+$8.69M)
0% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 16
0.82% less ownership
Funds ownership: 23.89% → 23.07% (-0.82%)
11% less funds holding
Funds holding: 53 → 47 (-6)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AMH
Apollo Management Holdings
New York
|
+$4.08M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$3.5M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.85M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
+$1.31M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.07M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$4.6M |
| 3 |
EM
EnTrustPermal Management
New York
|
-$2.42M |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$1.04M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$954K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EM
51
EnTrustPermal Management
New York
| – | -$2.42M | -153,200 | Closed |
|
|
CS
52
Credit Suisse
Zurich,
Switzerland
| – | -$848K | -53,734 | Closed |
|
|
RP
53
Raiff Partners
New York
| – | -$395K | -25,000 | Closed |
|
|
VKH
54
Virtu KCG Holdings
New York
| – | -$261K | -16,504 | Closed |
|
55
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$141K | -8,984 | Closed |
|
|
TJHA
56
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$30K | -1,891 | Closed |
|
57
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$4K | -250 | Closed |
|
ISD Hedge Fund Activity: Q3 2016 in Review
47 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q3 2016, worth a combined $135M — up 6.9% from $126M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of ISD and 6 opened new positions — a net loss of 5 holders — while 16 trimmed existing stakes and 16 added.
The largest buyer was Apollo Management Holdings, opening a new position worth an estimated $4.08M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $5.07M sold.
- 47 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q3 2016, down from 53 in Q2 2016.
- Funds reported $135M of PGIM High Yield Bond Fund stock for Q3 2016, up 6.9% quarter-over-quarter.
- 6 funds opened new PGIM High Yield Bond Fund positions in Q3 2016 and 11 closed out, a net change of -5 holders.
- The largest PGIM High Yield Bond Fund buyer in Q3 2016 was Apollo Management Holdings, an estimated $4.08M added.
- The largest PGIM High Yield Bond Fund seller in Q3 2016 was Rivernorth Capital Management, an estimated $5.07M sold.
Based on aggregated 13F filings for Q3 2016.