PGIM High Yield Bond Fund
ISD
56 hedge funds and large institutions have $128M invested in PGIM High Yield Bond Fund in 2017 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 27 increasing their positions, 10 reducing their positions, and 7 closing their positions.
170% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 10
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
6% more funds holding
Funds holding: 53 → 56 (+3)
0.98% more ownership
Funds ownership: 24.05% → 25.03% (+0.98%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less capital invested
Capital invested by funds: $136M → $128M (-$8.55M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.03M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.66M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.55M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.54M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$3.98M |
| 2 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$3.83M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.07M |
| 4 |
LPL Financial
San Diego,
California
|
-$740K |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$441K |
ISD Hedge Fund Activity: Q2 2017 in Review
56 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q2 2017, worth a combined $128M — down 6.3% from $136M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new ISD positions and 7 closed out — a net gain of 4 holders — while 27 added to existing stakes and 10 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $2.03M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $3.98M sold.
- 56 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q2 2017, up from 53 in Q1 2017.
- Funds reported $128M of PGIM High Yield Bond Fund stock for Q2 2017, down 6.3% quarter-over-quarter.
- 11 funds opened new PGIM High Yield Bond Fund positions in Q2 2017 and 7 closed out, a net change of +4 holders.
- The largest PGIM High Yield Bond Fund buyer in Q2 2017 was Morgan Stanley, an estimated $2.03M added.
- The largest PGIM High Yield Bond Fund seller in Q2 2017 was Laurion Capital Management, an estimated $3.98M sold.
Based on aggregated 13F filings for Q2 2017.