PGIM High Yield Bond Fund
ISD
69 hedge funds and large institutions have $132M invested in PGIM High Yield Bond Fund in 2017 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 23 increasing their positions, 25 reducing their positions, and 10 closing their positions.
80% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 10
13% more funds holding
Funds holding: 61 → 69 (+8)
1.67% more ownership
Funds ownership: 25.06% → 26.74% (+1.7%)
3% more capital invested
Capital invested by funds: $128M → $132M (+$3.67M)
8% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 25
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.32M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.12M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.59M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.18M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$3.7M |
| 2 |
Morgan Stanley
New York
|
-$3.5M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$2.9M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
-$1.5M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Citadel Advisors
Miami,
Florida
| – | -$170K | -11,111 | Closed |
|
|
SPIA
77
Steward Partners Investment Advisory
New York
| – | -$7K | -500 | Closed |
|
|
PCM
78
Penserra Capital Management
Orinda,
California
| – | -$6K | -432 | Closed |
|
79
ClearBridge Investments
New York
| – | -$4K | -275 | Closed |
|
ISD Hedge Fund Activity: Q4 2017 in Review
69 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q4 2017, worth a combined $132M — up 2.9% from $128M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new ISD positions and 10 closed out — a net gain of 8 holders — while 23 added to existing stakes and 25 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $6.32M. The largest seller was Shaker Financial Services, cutting an estimated $3.7M.
- 69 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q4 2017, up from 61 in Q3 2017.
- Funds reported $132M of PGIM High Yield Bond Fund stock for Q4 2017, up 2.9% quarter-over-quarter.
- 18 funds opened new PGIM High Yield Bond Fund positions in Q4 2017 and 10 closed out, a net change of +8 holders.
- The largest PGIM High Yield Bond Fund buyer in Q4 2017 was Rivernorth Capital Management, an estimated $6.32M added.
- The largest PGIM High Yield Bond Fund seller in Q4 2017 was Shaker Financial Services, an estimated $3.7M sold.
Based on aggregated 13F filings for Q4 2017.