PGIM High Yield Bond Fund
ISD
36 hedge funds and large institutions have $97.3M invested in PGIM High Yield Bond Fund in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 5 reducing their positions, and 7 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 5
13% more capital invested
Capital invested by funds: $86M → $97.3M (+$11.3M)
2.94% more ownership
Funds ownership: 14.39% → 17.33% (+2.9%)
8% less funds holding
Funds holding: 39 → 36 (-3)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$13.3M |
| 2 |
Morgan Stanley
New York
|
+$5.55M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$3.4M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.85M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$910K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.55M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$3.87M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$844K |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$501K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$167K |
ISD Hedge Fund Activity: Q3 2014 in Review
36 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q3 2014, worth a combined $97.3M — up 13% from $86M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of ISD and 4 opened new positions — a net loss of 3 holders — while 5 trimmed existing stakes and 20 added.
The largest buyer was Bessemer Group, opening a new position worth an estimated $13.3M. The largest seller was Saba Capital Management, cutting an estimated $4.55M.
- 36 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q3 2014, down from 39 in Q2 2014.
- Funds reported $97.3M of PGIM High Yield Bond Fund stock for Q3 2014, up 13% quarter-over-quarter.
- 4 funds opened new PGIM High Yield Bond Fund positions in Q3 2014 and 7 closed out, a net change of -3 holders.
- The largest PGIM High Yield Bond Fund buyer in Q3 2014 was Bessemer Group, an estimated $13.3M added.
- The largest PGIM High Yield Bond Fund seller in Q3 2014 was Saba Capital Management, an estimated $4.55M sold.
Based on aggregated 13F filings for Q3 2014.