PGIM High Yield Bond Fund
ISD
71 hedge funds and large institutions have $164M invested in PGIM High Yield Bond Fund in 2020 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 25 increasing their positions, 23 reducing their positions, and 8 closing their positions.
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
1% more funds holding
Funds holding: 70 → 71 (+1)
9% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 23
1% more capital invested
Capital invested by funds: $163M → $164M (+$1.21M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.18% less ownership
Funds ownership: 36.91% → 35.74% (-1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.77M |
| 2 |
Cohen & Steers
New York
|
+$1.63M |
| 3 |
SPIA
Steward Partners Investment Advisory
New York
|
+$847K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$796K |
| 5 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$720K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$7.69M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$2.42M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.29M |
| 4 |
BlackRock
New York
|
-$932K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$776K |
ISD Hedge Fund Activity: Q3 2020 in Review
71 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q3 2020, worth a combined $164M — up 0.74% from $163M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new ISD positions and 8 closed out — a net gain of 1 holder — while 25 added to existing stakes and 23 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $3.77M. The largest seller was Saba Capital Management, cutting an estimated $7.69M.
- 71 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q3 2020, up from 70 in Q2 2020.
- Funds reported $164M of PGIM High Yield Bond Fund stock for Q3 2020, up 0.74% quarter-over-quarter.
- 9 funds opened new PGIM High Yield Bond Fund positions in Q3 2020 and 8 closed out, a net change of +1 holder.
- The largest PGIM High Yield Bond Fund buyer in Q3 2020 was Sit Investment Associates, an estimated $3.77M added.
- The largest PGIM High Yield Bond Fund seller in Q3 2020 was Saba Capital Management, an estimated $7.69M sold.
Based on aggregated 13F filings for Q3 2020.