PGIM High Yield Bond Fund
ISD
69 hedge funds and large institutions have $143M invested in PGIM High Yield Bond Fund in 2020 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 24 reducing their positions, and 10 closing their positions.
1.3% more ownership
Funds ownership: 35.7% → 37% (+1.3%)
4% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 24
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 10
3% less funds holding
Funds holding: 71 → 69 (-2)
22% less capital invested
Capital invested by funds: $183M → $143M (-$40.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$19.7M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$3.9M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.26M |
| 4 |
Goldman Sachs
New York
|
+$1.53M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$18.6M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$4.08M |
| 3 |
LHC
Little House Capital
Braintree,
Massachusetts
|
-$1.53M |
| 4 |
PFO
Pathstone Family Office
Englewood,
New Jersey
|
-$665K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$604K |
ISD Hedge Fund Activity: Q1 2020 in Review
69 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q1 2020, worth a combined $143M — down 22% from $183M a quarter earlier.
Fund positioning in ISD was balanced in Q1 2020: 10 funds opened new positions, 10 closed out, 25 added to existing stakes and 24 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $19.7M. The largest seller was UBS Group, cutting an estimated $18.6M.
- 69 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q1 2020, down from 71 in Q4 2019.
- Funds reported $143M of PGIM High Yield Bond Fund stock for Q1 2020, down 22% quarter-over-quarter.
- 10 funds opened new PGIM High Yield Bond Fund positions in Q1 2020 and 10 closed out, a net change of 0 holders.
- The largest PGIM High Yield Bond Fund buyer in Q1 2020 was Saba Capital Management, an estimated $19.7M added.
- The largest PGIM High Yield Bond Fund seller in Q1 2020 was UBS Group, an estimated $18.6M sold.
Based on aggregated 13F filings for Q1 2020.