PGIM High Yield Bond Fund
ISD
66 hedge funds and large institutions have $173M invested in PGIM High Yield Bond Fund in 2019 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 27 increasing their positions, 20 reducing their positions, and 14 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 20
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.34% less ownership
Funds ownership: 42.8% → 38.47% (-4.3%)
7% less capital invested
Capital invested by funds: $185M → $173M (-$12.1M)
10% less funds holding
Funds holding: 73 → 66 (-7)
50% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.83M |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$2.15M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.37M |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$1.14M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1,000K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$10.4M |
| 2 |
SCM
Saba Capital Management
New York
|
-$5.24M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$3.73M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.71M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$2.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Walleye Trading
New York
| – | -$146K | -10,000 | Closed |
|
77
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$35K | -2,451 | Closed |
|
78
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$9K | -600 | Closed |
|
|
SMFS
79
Squar Milner Financial Services
Irvine,
California
| – | -$4K | -250 | Closed |
|
|
TRCT
80
Tower Research Capital (TRC)
New York
| – | -$1K | -100 | Closed |
|
ISD Hedge Fund Activity: Q3 2019 in Review
66 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q3 2019, worth a combined $173M — down 6.5% from $185M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of ISD and 7 opened new positions — a net loss of 7 holders — while 20 trimmed existing stakes and 27 added.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $2.83M. The largest seller was Beach Point Capital Management, exiting entirely with an estimated $10.4M sold.
- 66 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q3 2019, down from 73 in Q2 2019.
- Funds reported $173M of PGIM High Yield Bond Fund stock for Q3 2019, down 6.5% quarter-over-quarter.
- 7 funds opened new PGIM High Yield Bond Fund positions in Q3 2019 and 14 closed out, a net change of -7 holders.
- The largest PGIM High Yield Bond Fund buyer in Q3 2019 was Raymond James Financial Services Advisors, an estimated $2.83M added.
- The largest PGIM High Yield Bond Fund seller in Q3 2019 was Beach Point Capital Management, an estimated $10.4M sold.
Based on aggregated 13F filings for Q3 2019.