PGIM High Yield Bond Fund
ISD
39 hedge funds and large institutions have $89.3M invested in PGIM High Yield Bond Fund in 2014 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 17 increasing their positions, 7 reducing their positions, and 3 closing their positions.
267% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 3
143% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 7
26% more funds holding
Funds holding: 31 → 39 (+8)
0.42% less ownership
Funds ownership: 14.81% → 14.39% (-0.42%)
3% less capital invested
Capital invested by funds: $92.5M → $89.3M (-$3.21M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$3M |
| 2 |
KSCM
Kamunting Street Capital Management
Miami Beach,
Florida
|
+$2.24M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$723K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$688K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$647K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$11.2M |
| 2 |
Morgan Stanley
New York
|
-$801K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$628K |
| 4 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
-$16.1K |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$10K |
ISD Hedge Fund Activity: Q2 2014 in Review
39 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q2 2014, worth a combined $89.3M — down 3.5% from $92.5M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new ISD positions and 3 closed out — a net gain of 8 holders — while 17 added to existing stakes and 7 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $3M. The largest seller was Saba Capital Management, cutting an estimated $11.2M.
- 39 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q2 2014, up from 31 in Q1 2014.
- Funds reported $89.3M of PGIM High Yield Bond Fund stock for Q2 2014, down 3.5% quarter-over-quarter.
- 11 funds opened new PGIM High Yield Bond Fund positions in Q2 2014 and 3 closed out, a net change of +8 holders.
- The largest PGIM High Yield Bond Fund buyer in Q2 2014 was Guggenheim Capital, an estimated $3M added.
- The largest PGIM High Yield Bond Fund seller in Q2 2014 was Saba Capital Management, an estimated $11.2M sold.
Based on aggregated 13F filings for Q2 2014.