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)
6% more capital invested
Capital invested by funds: $173M → $183M (+$10.6M)
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$10.3M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.76M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.08M |
| 4 |
DC
Davenport & Co
Richmond,
Virginia
|
+$1M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$603K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$9.82M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$7.56M |
| 3 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$4.25M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.67M |
| 5 |
SCM
Saba Capital Management
New York
|
-$2.49M |
ISD Hedge Fund Activity: Q4 2019 in Review
71 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q4 2019, worth a combined $183M — up 6.1% from $173M 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 $9.82M 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, up 6.1% 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 $9.82M sold.
Based on aggregated 13F filings for Q4 2019.