PGIM High Yield Bond Fund
ISD
66 hedge funds and large institutions have $160M invested in PGIM High Yield Bond Fund in 2018 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 28 increasing their positions, 23 reducing their positions, and 9 closing their positions.
33% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 9
22% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 23
11% more capital invested
Capital invested by funds: $144M → $160M (+$15.7M)
3.82% more ownership
Funds ownership: 30.48% → 34.3% (+3.8%)
2% more funds holding
Funds holding: 65 → 66 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$4.16M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$3.92M |
| 3 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$3.91M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.63M |
| 5 |
BlackRock
New York
|
+$3.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$5.43M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.7M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.64M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.56M |
| 5 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$1.12M |
ISD Hedge Fund Activity: Q2 2018 in Review
66 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q2 2018, worth a combined $160M — up 11% from $144M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new ISD positions and 9 closed out — a net gain of 3 holders — while 28 added to existing stakes and 23 trimmed.
The largest buyer was 1607 Capital Partners, adding an estimated $4.16M. The largest seller was Royal Bank of Canada, cutting an estimated $5.43M.
- 66 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q2 2018, up from 65 in Q1 2018.
- Funds reported $160M of PGIM High Yield Bond Fund stock for Q2 2018, up 11% quarter-over-quarter.
- 12 funds opened new PGIM High Yield Bond Fund positions in Q2 2018 and 9 closed out, a net change of +3 holders.
- The largest PGIM High Yield Bond Fund buyer in Q2 2018 was 1607 Capital Partners, an estimated $4.16M added.
- The largest PGIM High Yield Bond Fund seller in Q2 2018 was Royal Bank of Canada, an estimated $5.43M sold.
Based on aggregated 13F filings for Q2 2018.