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ISD

PGIM High Yield Bond Fund

45 hedge funds and large institutions have $114M invested in PGIM High Yield Bond Fund in 2015 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 11 increasing their positions, 17 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

0% more funds holding

Funds holding: 4545 (0)

0.67% less ownership

Funds ownership: 24.03%23.37% (-0.67%)

8% less capital invested

Capital invested by funds: $124M → $114M (-$9.75M)

35% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 17

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
45
Holders Change
Holders Change %
0%
% of All Funds
1.26%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
10
Increased
11
Reduced
17
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$20M -$502K -33,633 -2%
Bessemer Group
2
Bessemer Group
New Jersey
$14.4M
RCM
3
Rivernorth Capital Management
Florida
$11.4M +$2.27M +151,768 +24%
UBS Group
4
UBS Group
Switzerland
$10.6M -$1.91M -128,128 -15%
GC
5
Guggenheim Capital
Illinois
$7.98M -$1.09M -72,673 -12%
PPA
6
Parametric Portfolio Associates
Washington
$6.54M -$272K -18,211 -4%
Bank of America
7
Bank of America
North Carolina
$6.36M +$427K +28,613 +7%
Invesco
8
Invesco
Georgia
$5.27M -$636K -42,589 -11%
Wells Fargo
9
Wells Fargo
California
$4.71M -$670K -44,875 -12%
RJA
10
Raymond James & Associates
Florida
$3.95M +$1.62M +108,190 +67%
VIA
11
Vident Investment Advisory
Georgia
$2.83M -$63.4K -4,246 -2%
CIA
12
Capital Investment Advisors
Georgia
$2.54M +$216K +14,468 +9%
AAM
13
Advisors Asset Management
Colorado
$1.97M +$2.01M +134,493 New
RJFSA
14
Raymond James Financial Services Advisors
Florida
$1.5M +$977K +65,424 +176%
ACM
15
Advent Capital Management
New York
$1.38M +$1.41M +94,200 New
EM
16
EnTrustPermal Management
New York
$1.37M +$794K +53,200 +131%
Deutsche Bank
17
Deutsche Bank
Germany
$1.24M +$802K +53,722 +172%
Baird Financial Group
18
Baird Financial Group
Wisconsin
$1.17M -$117K -7,845 -9%
AA
19
AQR Arbitrage
Connecticut
$796K +$811K +54,280 New
LCM
20
Landscape Capital Management
New Jersey
$675K -$240K -16,078 -26%
LTFS
21
Ladenburg Thalmann Financial Services
Florida
$662K +$13.1K +875 +2%
DS
22
DRW Securities
Illinois
$622K
WAM
23
Wolverine Asset Management
Illinois
$619K +$6.94K +465 +1%
LPL Financial
24
LPL Financial
California
$523K -$162K -10,864 -23%
DA
25
Doliver Advisors
Texas
$517K -$1.57M -105,158 -75%

ISD Hedge Fund Activity: Q3 2015 in Review

45 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q3 2015, worth a combined $114M — down 7.9% from $124M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new ISD positions and 9 closed out — a net gain of 1 holder — while 11 added to existing stakes and 17 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $2.27M. The largest seller was Curi RMB Capital, exiting entirely with an estimated $2.52M sold.

  • 45 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q3 2015, unchanged from Q2 2015.
  • Funds reported $114M of PGIM High Yield Bond Fund stock for Q3 2015, down 7.9% quarter-over-quarter.
  • 10 funds opened new PGIM High Yield Bond Fund positions in Q3 2015 and 9 closed out, a net change of +1 holder.
  • The largest PGIM High Yield Bond Fund buyer in Q3 2015 was Rivernorth Capital Management, an estimated $2.27M added.
  • The largest PGIM High Yield Bond Fund seller in Q3 2015 was Curi RMB Capital, an estimated $2.52M sold.

Based on aggregated 13F filings for Q3 2015.