PGIM High Yield Bond Fund
ISD
73 hedge funds and large institutions have $185M invested in PGIM High Yield Bond Fund in 2019 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 37 increasing their positions, 17 reducing their positions, and 10 closing their positions.
118% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 17
0.99% more ownership
Funds ownership: 41.82% → 42.8% (+0.99%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less funds holding
Funds holding: 74 → 73 (-1)
7% less capital invested
Capital invested by funds: $198M → $185M (-$13.1M)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$3.18M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.68M |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$1.25M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.09M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$964K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$5.5M |
| 2 |
Morgan Stanley
New York
|
-$1.08M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$555K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$413K |
| 5 |
FIA
FNY Investment Advisers
New York
|
-$284K |
ISD Hedge Fund Activity: Q2 2019 in Review
73 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q2 2019, worth a combined $185M — down 6.6% from $198M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of ISD and 9 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 37 added.
The largest buyer was Beach Point Capital Management, adding an estimated $3.18M. The largest seller was Saba Capital Management, cutting an estimated $5.5M.
- 73 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q2 2019, down from 74 in Q1 2019.
- Funds reported $185M of PGIM High Yield Bond Fund stock for Q2 2019, down 6.6% quarter-over-quarter.
- 9 funds opened new PGIM High Yield Bond Fund positions in Q2 2019 and 10 closed out, a net change of -1 holder.
- The largest PGIM High Yield Bond Fund buyer in Q2 2019 was Beach Point Capital Management, an estimated $3.18M added.
- The largest PGIM High Yield Bond Fund seller in Q2 2019 was Saba Capital Management, an estimated $5.5M sold.
Based on aggregated 13F filings for Q2 2019.