PGIM High Yield Bond Fund
ISD
71 hedge funds and large institutions have $183M invested in PGIM High Yield Bond Fund in 2019 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 20 increasing their positions, 26 reducing their positions, and 6 closing their positions.
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
8% more funds holding
Funds holding: 66 → 71 (+5)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.77% less ownership
Funds ownership: 38.47% → 35.7% (-2.8%)
23% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 26
41% less capital inflows, than outflows
Capital inflows: $18.8M | Capital outflows: $32M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Penserra Capital Management
Orinda,
California
|
+$10.3M |
| 2 |
City of London Investment Management
London,
United Kingdom
|
+$1.76M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.08M |
| 4 |
Davenport & Co
Richmond,
Virginia
|
+$1M |
| 5 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$603K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vident Investment Advisory
Alpharetta,
Georgia
|
-$9.8M |
| 2 |
1607 Capital Partners
Richmond,
Virginia
|
-$7.56M |
| 3 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$4.25M |
| 4 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.67M |
| 5 |
Saba Capital Management
New York
|
-$2.49M |
ISD Hedge Fund Activity: Q4 2019 in Review
71 of the 5,094 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q4 2019, worth a combined $183M — down 4.4% from $191M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new ISD positions and 6 closed out — a net gain of 6 holders — while 20 added to existing stakes and 26 trimmed.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $10.3M. The largest seller was Vident Investment Advisory, exiting entirely with an estimated $9.8M sold.
- 71 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q4 2019, up from 66 in Q3 2019.
- Funds reported $183M of PGIM High Yield Bond Fund stock for Q4 2019, down 4.4% quarter-over-quarter.
- 12 funds opened new PGIM High Yield Bond Fund positions in Q4 2019 and 6 closed out, a net change of +6 holders.
- The largest PGIM High Yield Bond Fund buyer in Q4 2019 was Penserra Capital Management, an estimated $10.3M added.
- The largest PGIM High Yield Bond Fund seller in Q4 2019 was Vident Investment Advisory, an estimated $9.8M sold.
Based on aggregated 13F filings for Q4 2019.