PGIM High Yield Bond Fund
ISD
74 hedge funds and large institutions have $198M invested in PGIM High Yield Bond Fund in 2019 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 33 increasing their positions, 22 reducing their positions, and 12 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 22
16% more capital invested
Capital invested by funds: $171M → $198M (+$26.6M)
2.28% more ownership
Funds ownership: 39.54% → 41.82% (+2.3%)
1% more funds holding
Funds holding: 73 → 74 (+1)
8% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 12
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$6.8M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.37M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.89M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.84M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$3.17M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$2.05M |
| 3 |
ICM
Ionic Capital Management
New York
|
-$1.28M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$854K |
| 5 |
HCM
Hilton Capital Management
Garden City,
New York
|
-$699K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CRC
76
Curi RMB Capital
Chicago,
Illinois
| – | -$2.05M | -157,324 | Closed |
|
|
WAM
77
Weiss Asset Management
Boston,
Massachusetts
| – | -$565K | -43,397 | Closed |
|
78
Walleye Trading
New York
| – | -$168K | -12,900 | Closed |
|
|
SS
79
Sunbelt Securities
Houston,
Texas
| – | -$159K | -12,212 | Closed |
|
|
TRCT
80
Tower Research Capital (TRC)
New York
| – | -$142K | -10,920 | Closed |
|
|
WAM
81
Wolverine Asset Management
Chicago,
Illinois
| – | -$79K | -6,073 | Closed |
|
|
MOS
82
MGO One Seven
Beachwood,
Ohio
| – | -$54K | -4,217 | Closed |
|
|
IA
83
IFP Advisors
Tampa,
Florida
| – | -$9K | -650 | Closed |
|
|
DWM
84
Destination Wealth Management
Walnut Creek,
California
| – | -$3K | -250 | Closed |
|
|
WT
85
Whittier Trust
South Pasadena,
California
| – | -$2K | -150 | Closed |
|
86
Fidelity Investments
Boston,
Massachusetts
| – | +$14 | +1 | New |
|
ISD Hedge Fund Activity: Q1 2019 in Review
74 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q1 2019, worth a combined $198M — up 16% from $171M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new ISD positions and 12 closed out — a net gain of 1 holder — while 33 added to existing stakes and 22 trimmed.
The largest buyer was Beach Point Capital Management, opening a new position worth an estimated $6.8M. The largest seller was BlackRock, exiting entirely with an estimated $3.17M sold.
- 74 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q1 2019, up from 73 in Q4 2018.
- Funds reported $198M of PGIM High Yield Bond Fund stock for Q1 2019, up 16% quarter-over-quarter.
- 13 funds opened new PGIM High Yield Bond Fund positions in Q1 2019 and 12 closed out, a net change of +1 holder.
- The largest PGIM High Yield Bond Fund buyer in Q1 2019 was Beach Point Capital Management, an estimated $6.8M added.
- The largest PGIM High Yield Bond Fund seller in Q1 2019 was BlackRock, an estimated $3.17M sold.
Based on aggregated 13F filings for Q1 2019.