PGIM High Yield Bond Fund
ISD
42 hedge funds and large institutions have $121M invested in PGIM High Yield Bond Fund in 2014 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 4 closing their positions.
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
21% more capital invested
Capital invested by funds: $101M → $121M (+$20.8M)
18% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 11
17% more funds holding
Funds holding: 36 → 42 (+6)
3.35% more ownership
Funds ownership: 17.33% → 20.67% (+3.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$3.4M |
| 2 |
TAM
Trust Asset Management
Houston,
Texas
|
+$2.96M |
| 3 |
SG Americas Securities
New York
|
+$2.72M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.59M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.55M |
| 2 |
Morgan Stanley
New York
|
-$1.87M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.8M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.29M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.12M |
ISD Hedge Fund Activity: Q4 2014 in Review
42 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q4 2014, worth a combined $121M — up 21% from $101M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new ISD positions and 4 closed out — a net gain of 7 holders — while 13 added to existing stakes and 11 trimmed.
The largest buyer was Bessemer Group, adding an estimated $3.4M. The largest seller was Saba Capital Management, exiting entirely with an estimated $3.55M sold.
- 42 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q4 2014, up from 36 in Q3 2014.
- Funds reported $121M of PGIM High Yield Bond Fund stock for Q4 2014, up 21% quarter-over-quarter.
- 11 funds opened new PGIM High Yield Bond Fund positions in Q4 2014 and 4 closed out, a net change of +7 holders.
- The largest PGIM High Yield Bond Fund buyer in Q4 2014 was Bessemer Group, an estimated $3.4M added.
- The largest PGIM High Yield Bond Fund seller in Q4 2014 was Saba Capital Management, an estimated $3.55M sold.
Based on aggregated 13F filings for Q4 2014.