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ISD

PGIM High Yield Bond Fund
ISD

74 hedge funds and large institutions have $137M invested in PGIM High Yield Bond Fund in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 22 increasing their positions, 27 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.42% less ownership

Funds ownership: 36.37% → 34.95% (-1.4%)

6% less funds holding

Funds holding: 79 → 74 (-5)

9% less capital invested

Capital invested by funds: $151M → $137M (-$13.4M)

19% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 27

44% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 9

Holders
74
Holders Change
-5
Holders Change %
-6.33%
% of All Funds
1.17%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
22
Reduced
27
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
API
Advisor Partners II
California
+$2.57M
2
Ameriprise
Ameriprise
Minnesota
+$1.36M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$780K
4
SFS
Shaker Financial Services
Virginia
+$745K
5
RCM
Robinson Capital Management
Michigan
+$423K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$3.97M
2
VCM
Vivaldi Capital Management
Illinois
-$3.18M
3
Wells Fargo
Wells Fargo
California
-$814K
4
RCM
Rivernorth Capital Management
Florida
-$770K
5
SPIA
Steward Partners Investment Advisory
New York
-$663K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
26
Raymond James Financial Services Advisors
Florida
$1.37M +$37.1K +3,034 +3%
Brown Advisory
27
Brown Advisory
Maryland
$1.35M -$165K -13,460 -11%
SFS
28
Shaker Financial Services
Virginia
$1.22M +$745K +60,930 +144%
MGWM
29
Marks Group Wealth Management
Minnesota
$1.05M -$91.7K -7,500 -8%
CA
30
Cetera Advisors
Colorado
$855K +$21.9K +1,795 +3%
Bank of America
31
Bank of America
North Carolina
$846K +$51.5K +4,211 +6%
ACP
32
Aviance Capital Partners
Florida
$757K -$83.5K -6,831 -10%
Fiera Capital (Canada)
33
Fiera Capital (Canada)
Quebec, Canada
$727K -$4.04K -330 -0.5%
Cetera Investment Advisers
34
Cetera Investment Advisers
Illinois
$709K -$44K -3,598 -6%
LPL Financial
35
LPL Financial
California
$675K -$113K -9,277 -14%
RP
36
Riverbridge Partners
Minnesota
$670K +$94.7K +7,748 +16%
WWM
37
Western Wealth Management
Colorado
$630K -$9.07K -742 -1%
AIM
38
AHL Investment Management
Florida
$617K +$17.1K +1,400 +3%
EDRIA
39
Edmonds Duncan Registered Investment Advisors
Kansas
$581K +$2.21K +181 +0.4%
Envestnet Asset Management
40
Envestnet Asset Management
Illinois
$501K +$77K +6,294 +17%
WMS
41
Wealth Management Solutions
Pennsylvania
$499K +$1.05K +86 +0.2%
NA
42
NewEdge Advisors
Louisiana
$494K -$88K -7,200 -15%
Lazard Asset Management
43
Lazard Asset Management
New York
$448K – – –
RCM
44
Robinson Capital Management
Michigan
$396K +$423K +34,599 New
SC
45
Stolper & Co
Oklahoma
$382K -$6.19K -506 -2%
ICG
46
InterOcean Capital Group
Tennessee
$359K – – –
CP
47
Camelot Portfolios
Ohio
$298K – – –
Corient Private Wealth
48
Corient Private Wealth
Florida
$282K +$7.31K +598 +3%
RJT
49
Raymond James Trust
Florida
$248K – – –
AUIM
50
Aegon USA Investment Management
Iowa
$247K – – –
1
2
3 4

ISD Hedge Fund Activity: Q3 2023 in Review

74 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q3 2023, worth a combined $137M — down 8.9% from $151M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of ISD and 5 opened new positions — a net loss of 4 holders — while 27 trimmed existing stakes and 22 added.

The largest buyer was Advisor Partners II, opening a new position worth an estimated $2.57M. The largest seller was Morgan Stanley, cutting an estimated $3.97M.

  • 74 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q3 2023, down from 79 in Q2 2023.
  • Funds reported $137M of PGIM High Yield Bond Fund stock for Q3 2023, down 8.9% quarter-over-quarter.
  • 5 funds opened new PGIM High Yield Bond Fund positions in Q3 2023 and 9 closed out, a net change of -4 holders.
  • The largest PGIM High Yield Bond Fund buyer in Q3 2023 was Advisor Partners II, an estimated $2.57M added.
  • The largest PGIM High Yield Bond Fund seller in Q3 2023 was Morgan Stanley, an estimated $3.97M sold.

Based on aggregated 13F filings for Q3 2023.