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ISD

PGIM High Yield Bond Fund
ISD

79 hedge funds and large institutions have $151M invested in PGIM High Yield Bond Fund in 2023 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 31 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% less capital invested

Capital invested by funds: $155M → $151M (-$4.59M)

9% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 11

2% less funds holding

Funds holding: 81 → 79 (-2)

2.76% less ownership

Funds ownership: 39.13% → 36.37% (-2.8%)

52% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 31

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
79
Holders Change
-2
Holders Change %
-2.47%
% of All Funds
1.24%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
10
Increased
15
Reduced
31
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FIA
Foundations Investment Advisors
Arizona
+$2.43M
2
AAM
Advisors Asset Management
Colorado
+$907K
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$496K
4
RA
RFG Advisory
Alabama
+$495K
5
SPIA
Steward Partners Investment Advisory
New York
+$223K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$5.89M
2
Morgan Stanley
Morgan Stanley
New York
-$3.5M
3
Cohen & Steers
Cohen & Steers
New York
-$1.6M
4
Invesco
Invesco
Georgia
-$827K
5
SFS
Shaker Financial Services
Virginia
-$817K
Name Holding Trade Value Shares
Change 		Change in
Stake
MGWM
26
Marks Group Wealth Management
Minnesota
$1.2M – – –
ACP
27
Aviance Capital Partners
Florida
$883K -$33.4K -2,709 -4%
CA
28
Cetera Advisors
Colorado
$879K +$46.3K +3,756 +6%
Bank of America
29
Bank of America
North Carolina
$839K -$7.8K -633 -0.9%
LPL Financial
30
LPL Financial
California
$827K -$22.2K -1,802 -3%
Cetera Investment Advisers
31
Cetera Investment Advisers
Illinois
$792K +$59.4K +4,816 +8%
Fiera Capital (Canada)
32
Fiera Capital (Canada)
Quebec, Canada
$771K – – –
WWM
33
Western Wealth Management
Colorado
$673K +$68.8K +5,580 +11%
Ameriprise
34
Ameriprise
Minnesota
$667K -$41.8K -3,388 -6%
AIM
35
AHL Investment Management
Florida
$633K -$486K -39,423 -44%
NA
36
NewEdge Advisors
Louisiana
$610K +$21K +1,700 +4%
EDRIA
37
Edmonds Duncan Registered Investment Advisors
Kansas
$610K -$468 -38 -0.1%
RP
38
Riverbridge Partners
Minnesota
$610K -$46.2K -3,746 -7%
WMS
39
Wealth Management Solutions
Pennsylvania
$525K -$42.9K -3,483 -8%
SFS
40
Shaker Financial Services
Virginia
$525K -$817K -66,275 -61%
Lazard Asset Management
41
Lazard Asset Management
New York
$522K – – –
RA
42
RFG Advisory
Alabama
$499K +$495K +40,152 New
Envestnet Asset Management
43
Envestnet Asset Management
Illinois
$450K -$31K -2,519 -7%
SC
44
Stolper & Co
Oklahoma
$409K -$9.97K -809 -2%
ICG
45
InterOcean Capital Group
Tennessee
$379K – – –
AA
46
AQR Arbitrage
Connecticut
$327K -$143K -11,607 -31%
CP
47
Camelot Portfolios
Ohio
$314K – – –
ACH
48
ArrowMark Colorado Holdings
Colorado
$305K – – –
Corient Private Wealth
49
Corient Private Wealth
Florida
$289K +$7.1K +576 +3%
Janney Montgomery Scott
50
Janney Montgomery Scott
Pennsylvania
$282K -$24.2K -1,960 -8%
1
2
3 4

ISD Hedge Fund Activity: Q2 2023 in Review

79 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q2 2023, worth a combined $151M — down 3% from $155M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of ISD and 10 opened new positions — a net loss of 1 holder — while 31 trimmed existing stakes and 15 added.

The largest buyer was Foundations Investment Advisors, opening a new position worth an estimated $2.43M. The largest seller was Rivernorth Capital Management, cutting an estimated $5.89M.

  • 79 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q2 2023, down from 81 in Q1 2023.
  • Funds reported $151M of PGIM High Yield Bond Fund stock for Q2 2023, down 3% quarter-over-quarter.
  • 10 funds opened new PGIM High Yield Bond Fund positions in Q2 2023 and 11 closed out, a net change of -1 holder.
  • The largest PGIM High Yield Bond Fund buyer in Q2 2023 was Foundations Investment Advisors, an estimated $2.43M added.
  • The largest PGIM High Yield Bond Fund seller in Q2 2023 was Rivernorth Capital Management, an estimated $5.89M sold.

Based on aggregated 13F filings for Q2 2023.