PGIM High Yield Bond Fund
ISD
77 hedge funds and large institutions have $204M invested in PGIM High Yield Bond Fund in 2021 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 36 increasing their positions, 20 reducing their positions, and 11 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 20
13% more capital invested
Capital invested by funds: $180M → $204M (+$24M)
3.06% more ownership
Funds ownership: 36.11% → 39.17% (+3.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 82 → 77 (-5)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$16.4M |
| 2 |
Cohen & Steers
New York
|
+$2.72M |
| 3 |
VAG
VisionPoint Advisory Group
Dallas,
Texas
|
+$1.79M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.08M |
| 5 |
PCM
Penserra Capital Management
Orinda,
California
|
+$1.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$7.7M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.95M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.05M |
| 4 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$461K |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$436K |
ISD Hedge Fund Activity: Q1 2021 in Review
77 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q1 2021, worth a combined $204M — up 13% from $180M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of ISD and 7 opened new positions — a net loss of 4 holders — while 20 trimmed existing stakes and 36 added.
The largest buyer was Parametric Portfolio Associates, adding an estimated $16.4M. The largest seller was Saba Capital Management, cutting an estimated $7.7M.
- 77 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q1 2021, down from 82 in Q4 2020.
- Funds reported $204M of PGIM High Yield Bond Fund stock for Q1 2021, up 13% quarter-over-quarter.
- 7 funds opened new PGIM High Yield Bond Fund positions in Q1 2021 and 11 closed out, a net change of -4 holders.
- The largest PGIM High Yield Bond Fund buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $16.4M added.
- The largest PGIM High Yield Bond Fund seller in Q1 2021 was Saba Capital Management, an estimated $7.7M sold.
Based on aggregated 13F filings for Q1 2021.