PGIM High Yield Bond Fund
ISD
79 hedge funds and large institutions have $220M invested in PGIM High Yield Bond Fund in 2021 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 36 increasing their positions, 19 reducing their positions, and 8 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 19
48% more capital inflows, than outflows
Capital inflows: $22.6M | Capital outflows: $15.3M
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
3% more funds holding
Funds holding: 77 → 79 (+2)
1.34% more ownership
Funds ownership: 39.17% → 40.5% (+1.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$5.22M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$2.89M |
| 3 |
Penserra Capital Management
Orinda,
California
|
+$2.02M |
| 4 |
VisionPoint Advisory Group
Dallas,
Texas
|
+$1.65M |
| 5 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
-$7.16M |
| 2 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.17M |
| 3 |
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.35M |
| 4 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$613K |
| 5 |
First Foundation Advisors
Irvine,
California
|
-$459K |
ISD Hedge Fund Activity: Q2 2021 in Review
79 of the 5,769 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q2 2021, worth a combined $220M — up 7.5% from $204M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new ISD positions and 8 closed out — a net gain of 2 holders — while 36 added to existing stakes and 19 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $5.22M. The largest seller was Saba Capital Management, exiting entirely with an estimated $7.16M sold.
- 79 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q2 2021, up from 77 in Q1 2021.
- Funds reported $220M of PGIM High Yield Bond Fund stock for Q2 2021, up 7.5% quarter-over-quarter.
- 10 funds opened new PGIM High Yield Bond Fund positions in Q2 2021 and 8 closed out, a net change of +2 holders.
- The largest PGIM High Yield Bond Fund buyer in Q2 2021 was Cohen & Steers, an estimated $5.22M added.
- The largest PGIM High Yield Bond Fund seller in Q2 2021 was Saba Capital Management, an estimated $7.16M sold.
Based on aggregated 13F filings for Q2 2021.