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ISD

PGIM High Yield Bond Fund
ISD

73 hedge funds and large institutions have $185M invested in PGIM High Yield Bond Fund in 2019 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 37 increasing their positions, 17 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

118% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 17

0.99% more ownership

Funds ownership: 41.82% → 42.8% (+0.99%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1% less funds holding

Funds holding: 74 → 73 (-1)

7% less capital invested

Capital invested by funds: $198M → $185M (-$13.1M)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

Holders
73
Holders Change
-1
Holders Change %
-1.35%
% of All Funds
1.59%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
9
Increased
37
Reduced
17
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BPCM
Beach Point Capital Management
California
+$3.18M
2
Wells Fargo
Wells Fargo
California
+$1.68M
3
VCM
Vivaldi Capital Management
Illinois
+$1.25M
4
1CP
1607 Capital Partners
Virginia
+$1.09M
5
Invesco
Invesco
Georgia
+$964K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$5.5M
2
Morgan Stanley
Morgan Stanley
New York
-$1.08M
3
Bank of America
Bank of America
North Carolina
-$555K
4
AA
AQR Arbitrage
Connecticut
-$413K
5
FIA
FNY Investment Advisers
New York
-$284K
Name Holding Trade Value Shares
Change 		Change in
Stake
CCP
76
Clough Capital Partners
Massachusetts
– -$174K -12,298 Closed
AIC
77
Ameritas Investment Company
Nebraska
– -$136K -9,589 Closed
NSIM
78
North Star Investment Management
Illinois
– -$85K -6,000 Closed
SWM
79
SeaCrest Wealth Management
New York
– -$58K -4,070 Closed
CWM
80
Cornerstone Wealth Management
Missouri
– -$211K -3,483 Closed
SHIM
81
Stone House Investment Management
Pennsylvania
– -$18K -1,270 Closed
CFGS
82
Concourse Financial Group Securities
Alabama
– -$3.73K -260 Closed
1 2 3
4

ISD Hedge Fund Activity: Q2 2019 in Review

73 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q2 2019, worth a combined $185M — down 6.6% from $198M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of ISD and 9 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 37 added.

The largest buyer was Beach Point Capital Management, adding an estimated $3.18M. The largest seller was Saba Capital Management, cutting an estimated $5.5M.

  • 73 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q2 2019, down from 74 in Q1 2019.
  • Funds reported $185M of PGIM High Yield Bond Fund stock for Q2 2019, down 6.6% quarter-over-quarter.
  • 9 funds opened new PGIM High Yield Bond Fund positions in Q2 2019 and 10 closed out, a net change of -1 holder.
  • The largest PGIM High Yield Bond Fund buyer in Q2 2019 was Beach Point Capital Management, an estimated $3.18M added.
  • The largest PGIM High Yield Bond Fund seller in Q2 2019 was Saba Capital Management, an estimated $5.5M sold.

Based on aggregated 13F filings for Q2 2019.