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.
96% more capital inflows, than outflows
Capital inflows: $22.4M | Capital outflows: $11.4M
50% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 22
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 |
Beach Point Capital Management
Santa Monica,
California
|
+$6.8M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.37M |
| 3 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.89M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.84M |
| 5 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$3.16M |
| 2 |
Curi RMB Capital
Chicago,
Illinois
|
-$2.05M |
| 3 |
Ionic Capital Management
New York
|
-$1.28M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$854K |
| 5 |
Hilton Capital Management
Garden City,
New York
|
-$699K |
ISD Hedge Fund Activity: Q1 2019 in Review
74 of the 4,634 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 $3.16M 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 $3.16M sold.
Based on aggregated 13F filings for Q1 2019.