PGIM High Yield Bond Fund
ISD
65 hedge funds and large institutions have $168M invested in PGIM High Yield Bond Fund in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 26 increasing their positions, 27 reducing their positions, and 8 closing their positions.
5% more capital invested
Capital invested by funds: $160M → $168M (+$8.72M)
1.37% more ownership
Funds ownership: 34.3% → 35.66% (+1.4%)
4% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 27
2% less funds holding
Funds holding: 66 → 65 (-1)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$8.11M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.74M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.56M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.11M |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$967K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$2.9M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$2.08M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.19M |
| 4 |
HCM
Hilton Capital Management
Garden City,
New York
|
-$708K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$602K |
ISD Hedge Fund Activity: Q3 2018 in Review
65 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q3 2018, worth a combined $168M — up 5.5% from $160M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of ISD and 7 opened new positions — a net loss of 1 holder — while 27 trimmed existing stakes and 26 added.
The largest buyer was Saba Capital Management, adding an estimated $8.11M. The largest seller was Wells Fargo, cutting an estimated $2.9M.
- 65 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q3 2018, down from 66 in Q2 2018.
- Funds reported $168M of PGIM High Yield Bond Fund stock for Q3 2018, up 5.5% quarter-over-quarter.
- 7 funds opened new PGIM High Yield Bond Fund positions in Q3 2018 and 8 closed out, a net change of -1 holder.
- The largest PGIM High Yield Bond Fund buyer in Q3 2018 was Saba Capital Management, an estimated $8.11M added.
- The largest PGIM High Yield Bond Fund seller in Q3 2018 was Wells Fargo, an estimated $2.9M sold.
Based on aggregated 13F filings for Q3 2018.