PGIM High Yield Bond Fund
ISD
73 hedge funds and large institutions have $171M invested in PGIM High Yield Bond Fund in 2018 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 30 increasing their positions, 23 reducing their positions, and 8 closing their positions.
100% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 8
30% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 23
12% more funds holding
Funds holding: 65 → 73 (+8)
3.87% more ownership
Funds ownership: 35.66% → 39.54% (+3.9%)
2% more capital invested
Capital invested by funds: $168M → $171M (+$3.01M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$11.5M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.19M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$2.6M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$2.1M |
| 5 |
ICM
Ionic Capital Management
New York
|
+$2.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$4.49M |
| 2 |
Morgan Stanley
New York
|
-$3.21M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.24M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.11M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.08M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DA
76
Doliver Advisors
Houston,
Texas
| – | -$342K | -24,175 | Closed |
|
77
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$289K | -20,444 | Closed |
|
78
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$181K | -12,832 | Closed |
|
|
SWP
79
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$22K | -1,575 | Closed |
|
|
RCAG
80
Rehmann Capital Advisory Group
Lansing,
Michigan
| – | -$10.2K | -718 | Closed |
|
ISD Hedge Fund Activity: Q4 2018 in Review
73 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q4 2018, worth a combined $171M — up 1.8% from $168M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new ISD positions and 8 closed out — a net gain of 8 holders — while 30 added to existing stakes and 23 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $11.5M. The largest seller was UBS Group, cutting an estimated $4.49M.
- 73 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q4 2018, up from 65 in Q3 2018.
- Funds reported $171M of PGIM High Yield Bond Fund stock for Q4 2018, up 1.8% quarter-over-quarter.
- 16 funds opened new PGIM High Yield Bond Fund positions in Q4 2018 and 8 closed out, a net change of +8 holders.
- The largest PGIM High Yield Bond Fund buyer in Q4 2018 was Saba Capital Management, an estimated $11.5M added.
- The largest PGIM High Yield Bond Fund seller in Q4 2018 was UBS Group, an estimated $4.49M sold.
Based on aggregated 13F filings for Q4 2018.