PGIM High Yield Bond Fund
ISD
79 hedge funds and large institutions have $151M invested in PGIM High Yield Bond Fund in 2023 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 31 reducing their positions, and 11 closing their positions.
3% less capital invested
Capital invested by funds: $155M → $151M (-$4.59M)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
2% less funds holding
Funds holding: 81 → 79 (-2)
2.76% less ownership
Funds ownership: 39.13% → 36.37% (-2.8%)
52% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 31
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
+$2.43M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$907K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$496K |
| 4 |
RA
RFG Advisory
Birmingham,
Alabama
|
+$495K |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
+$223K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.89M |
| 2 |
Morgan Stanley
New York
|
-$3.5M |
| 3 |
Cohen & Steers
New York
|
-$1.6M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$827K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$817K |
ISD Hedge Fund Activity: Q2 2023 in Review
79 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in PGIM High Yield Bond Fund (ISD) for Q2 2023, worth a combined $151M — down 3% from $155M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of ISD and 10 opened new positions — a net loss of 1 holder — while 31 trimmed existing stakes and 15 added.
The largest buyer was Foundations Investment Advisors, opening a new position worth an estimated $2.43M. The largest seller was Rivernorth Capital Management, cutting an estimated $5.89M.
- 79 institutional investors held PGIM High Yield Bond Fund (ISD) as of Q2 2023, down from 81 in Q1 2023.
- Funds reported $151M of PGIM High Yield Bond Fund stock for Q2 2023, down 3% quarter-over-quarter.
- 10 funds opened new PGIM High Yield Bond Fund positions in Q2 2023 and 11 closed out, a net change of -1 holder.
- The largest PGIM High Yield Bond Fund buyer in Q2 2023 was Foundations Investment Advisors, an estimated $2.43M added.
- The largest PGIM High Yield Bond Fund seller in Q2 2023 was Rivernorth Capital Management, an estimated $5.89M sold.
Based on aggregated 13F filings for Q2 2023.