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ISD

PGIM High Yield Bond Fund

74 hedge funds and large institutions have $198M invested in PGIM High Yield Bond Fund in 2019 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 33 increasing their positions, 22 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 22

16% more capital invested

Capital invested by funds: $171M → $198M (+$26.6M)

2.28% more ownership

Funds ownership: 39.54%41.82% (+2.3%)

1% more funds holding

Funds holding: 7374 (+1)

8% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 12

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

Holders
74
Holders Change
+1
Holders Change %
+1.37%
% of All Funds
1.6%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
13
Increased
33
Reduced
22
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
9WM
51
9258 Wealth Management
Ohio
$208K -$4.5K -323 -2%
MAFM
52
Mid Atlantic Financial Management
Pennsylvania
$208K +$23.7K +1,700 +13%
SFS
53
Shaker Financial Services
Virginia
$193K +$190K +13,620 New
Fiera Capital (Canada)
54
Fiera Capital (Canada)
Quebec, Canada
$191K -$63.6K -4,564 -25%
CCP
55
Clough Capital Partners
Massachusetts
$174K +$171K +12,298 New
P
56
&Partners
Tennessee
$172K -$12.9K -929 -7%
KMWM
57
Keudell/Morrison Wealth Management
Oregon
$163K +$160K +11,515 New
AIC
58
Ameritas Investment Company
Nebraska
$136K +$129K +9,280 +3,003%
PFGIA
59
Patriot Financial Group Insurance Agency
Massachusetts
$125K -$9.05K -650 -7%
NSIM
60
North Star Investment Management
Illinois
$85K
LC
61
Lindbrook Capital
California
$85K +$83.6K +6,000 New
OIA
62
Optimum Investment Advisors
Illinois
$82K -$13.9K -1,000 -15%
SWM
63
SeaCrest Wealth Management
New York
$58K -$21.4K -1,540 -27%
Rockefeller Capital Management
64
Rockefeller Capital Management
New York
$51K +$50K +3,589 New
QCIG
65
Quad-Cities Investment Group
Iowa
$46K +$35.2K +2,525 +339%
CIAS
66
Capital Investment Advisory Services
North Carolina
$43K
PNC Financial Services Group
67
PNC Financial Services Group
Pennsylvania
$21K -$114K -8,200 -85%
BFEC
68
Benjamin F. Edwards & Company
Missouri
$19K
SHIM
69
Stone House Investment Management
Pennsylvania
$18K +$17.7K +1,270 New
Citigroup
70
Citigroup
New York
$15K +$11.7K +840 +400%
ASN
71
Advisory Services Network
Georgia
$4K +$334 +24 +8%
SMFS
72
Squar Milner Financial Services
California
$3K
CFGS
73
Concourse Financial Group Securities
Alabama
$3K +$3.62K +260 New
Carson Wealth (CWM LLC)
74
Carson Wealth (CWM LLC)
Nebraska
$1K +$1.14K +82 New
BlackRock
75
BlackRock
New York
-$3.17M -242,900 Closed

ISD Hedge Fund Activity: Q1 2019 in Review

74 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q1 2019, worth a combined $198M — up 16% from $171M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new ISD positions and 12 closed out — a net gain of 1 holder — while 33 added to existing stakes and 22 trimmed.

The largest buyer was Beach Point Capital Management, opening a new position worth an estimated $6.8M. The largest seller was BlackRock, exiting entirely with an estimated $3.17M sold.

  • 74 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q1 2019, up from 73 in Q4 2018.
  • Funds reported $198M of PGIM High Yield Bond Fund stock for Q1 2019, up 16% quarter-over-quarter.
  • 13 funds opened new PGIM High Yield Bond Fund positions in Q1 2019 and 12 closed out, a net change of +1 holder.
  • The largest PGIM High Yield Bond Fund buyer in Q1 2019 was Beach Point Capital Management, an estimated $6.8M added.
  • The largest PGIM High Yield Bond Fund seller in Q1 2019 was BlackRock, an estimated $3.17M sold.

Based on aggregated 13F filings for Q1 2019.