PGIM High Yield Bond Fund
ISD
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.
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
0% more funds holding
Funds holding: 45 → 45 (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: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.27M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.01M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.62M |
| 4 |
ACM
Advent Capital Management
New York
|
+$1.41M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$977K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$2.52M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.91M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.57M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.29M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.09M |
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.