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ISD

PGIM High Yield Bond Fund

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.

New
Increased
Maintained
Reduced
Closed

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: 8179 (-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: 10 (-1)

Holders
79
Holders Change
-2
Holders Change %
-2.47%
% of All Funds
1.24%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
10
Increased
15
Reduced
31
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$36.2M -$3.5M -283,922 -9%
SIA
2
Sit Investment Associates
Minnesota
$9.26M -$197K -15,950 -2%
Cohen & Steers
3
Cohen & Steers
New York
$8.16M -$1.6M -129,833 -16%
COLIM
4
City of London Investment Management
United Kingdom
$7.62M
AAM
5
Advisors Asset Management
Colorado
$7.47M +$907K +73,610 +14%
CIA
6
Capital Investment Advisors
Georgia
$6.78M -$183K -14,809 -3%
VCM
7
Vivaldi Capital Management
Illinois
$5.92M -$92.3K -7,488 -2%
Invesco
8
Invesco
Georgia
$5.76M -$827K -67,097 -13%
Commonwealth Equity Services
9
Commonwealth Equity Services
Massachusetts
$4.36M +$496K +40,247 +13%
Allspring Global Investments
10
Allspring Global Investments
North Carolina
$4.16M -$185K -15,000 -4%
GC
11
Guggenheim Capital
Illinois
$3.98M +$149K +12,061 +4%
RJA
12
Raymond James & Associates
Florida
$3.51M -$23.9K -1,940 -0.7%
Wells Fargo
13
Wells Fargo
California
$3.14M -$197K -16,013 -6%
Thrivent Financial for Lutherans
14
Thrivent Financial for Lutherans
Minnesota
$2.98M -$86.3K -7,000 -3%
Osaic Holdings
15
Osaic Holdings
Arizona
$2.9M -$18.1K -1,471 -0.6%
Baird Financial Group
16
Baird Financial Group
Wisconsin
$2.78M +$77.8K +6,314 +3%
FIA
17
Foundations Investment Advisors
Arizona
$2.45M +$2.43M +197,438 New
RCM
18
Rivernorth Capital Management
Florida
$2.43M -$5.89M -478,071 -71%
SPIA
19
Steward Partners Investment Advisory
New York
$2.34M +$223K +18,110 +11%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$2.05M -$21.9K -1,777 -1%
PAG
21
Private Advisor Group
New Jersey
$2.03M +$2.75K +223 +0.1%
UBS Group
22
UBS Group
Switzerland
$1.94M -$303K -24,586 -14%
Brown Advisory
23
Brown Advisory
Maryland
$1.59M
HCM
24
Hilton Capital Management
New York
$1.48M
RJFSA
25
Raymond James Financial Services Advisors
Florida
$1.4M -$82.1K -6,662 -6%

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.