PGIM High Yield Bond Fund
ISD
79 hedge funds and large institutions have $220M invested in PGIM High Yield Bond Fund in 2021 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 36 increasing their positions, 19 reducing their positions, and 8 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 19
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
8% more capital invested
Capital invested by funds: $204M → $220M (+$15.4M)
3% more funds holding
Funds holding: 77 → 79 (+2)
1.34% more ownership
Funds ownership: 39.17% → 40.5% (+1.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$5.22M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$2.89M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
+$2.02M |
| 4 |
VAG
VisionPoint Advisory Group
Dallas,
Texas
|
+$1.65M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$7.16M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.17M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.35M |
| 4 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$613K |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
-$459K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
S
76
SignatureFD
Atlanta,
Georgia
| $3K | – | – | – |
|
|
PAM
77
Panagora Asset Management
Boston,
Massachusetts
| $1K | -$1.28K | -80 | -54% |
|
78
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $1K | – | – | – |
|
|
NFSG
79
Newbridge Financial Services Group
Boca Raton,
Florida
| $1K | +$1.11K | +69 | New |
|
|
SCM
80
Saba Capital Management
New York
| – | -$7.16M | -457,501 | Closed |
|
81
Truist Financial
Charlotte,
North Carolina
| – | -$344K | -21,981 | Closed |
|
|
IAIM
82
International Assets Investment Management
Orlando,
Florida
| – | -$245K | -16,121 | Closed |
|
|
NFG
83
Next Financial Group
Houston,
Texas
| – | -$104K | -6,500 | Closed |
|
|
AIC
84
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$43.5K | -2,776 | Closed |
|
|
EVM
85
Eaton Vance Management
Boston,
Massachusetts
| – | -$4K | -244 | Closed |
|
|
SFS
86
Sowell Financial Services
North Little Rock,
Arkansas
| – | -$2K | -100 | Closed |
|
|
FDCDDQ
87
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| – | -$783 | -50 | Closed |
|
88
Fidelity Investments
Boston,
Massachusetts
| – | +$112 | +7 | New |
|
ISD Hedge Fund Activity: Q2 2021 in Review
79 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q2 2021, worth a combined $220M — up 7.5% from $204M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new ISD positions and 8 closed out — a net gain of 2 holders — while 36 added to existing stakes and 19 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $5.22M. The largest seller was Saba Capital Management, exiting entirely with an estimated $7.16M sold.
- 79 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q2 2021, up from 77 in Q1 2021.
- Funds reported $220M of PGIM High Yield Bond Fund stock for Q2 2021, up 7.5% quarter-over-quarter.
- 10 funds opened new PGIM High Yield Bond Fund positions in Q2 2021 and 8 closed out, a net change of +2 holders.
- The largest PGIM High Yield Bond Fund buyer in Q2 2021 was Cohen & Steers, an estimated $5.22M added.
- The largest PGIM High Yield Bond Fund seller in Q2 2021 was Saba Capital Management, an estimated $7.16M sold.
Based on aggregated 13F filings for Q2 2021.