PGIM High Yield Bond Fund
ISD
65 hedge funds and large institutions have $144M invested in PGIM High Yield Bond Fund in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 30 increasing their positions, 20 reducing their positions, and 11 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 20
9% more capital invested
Capital invested by funds: $132M → $144M (+$12.3M)
3.74% more ownership
Funds ownership: 26.74% → 30.48% (+3.7%)
6% less funds holding
Funds holding: 69 → 65 (-4)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$6.92M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.62M |
| 3 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$3.42M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.13M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$2.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.89M |
| 2 |
Citigroup
New York
|
-$2.39M |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$2.16M |
| 4 |
Millennium Management
New York
|
-$1.16M |
| 5 |
LCM
Laurion Capital Management
New York
|
-$1.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
SEI Investments
Oaks,
Pennsylvania
| – | -$15K | -1,000 | Closed |
|
|
AFNAS
77
American Financial Network Advisory Services
Calabasas,
California
| – | -$10K | -645 | Closed |
|
ISD Hedge Fund Activity: Q1 2018 in Review
65 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q1 2018, worth a combined $144M — up 9.4% from $132M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of ISD and 7 opened new positions — a net loss of 4 holders — while 20 trimmed existing stakes and 30 added.
The largest buyer was UBS Group, adding an estimated $6.92M. The largest seller was Bessemer Group, cutting an estimated $2.89M.
- 65 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q1 2018, down from 69 in Q4 2017.
- Funds reported $144M of PGIM High Yield Bond Fund stock for Q1 2018, up 9.4% quarter-over-quarter.
- 7 funds opened new PGIM High Yield Bond Fund positions in Q1 2018 and 11 closed out, a net change of -4 holders.
- The largest PGIM High Yield Bond Fund buyer in Q1 2018 was UBS Group, an estimated $6.92M added.
- The largest PGIM High Yield Bond Fund seller in Q1 2018 was Bessemer Group, an estimated $2.89M sold.
Based on aggregated 13F filings for Q1 2018.