PGIM Global High Yield Fund
GHY
27 hedge funds and large institutions have $70.5M invested in PGIM Global High Yield Fund in 2013 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 11 increasing their positions, 4 reducing their positions, and 6 closing their positions.
175% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 4
83% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 6
48% more capital invested
Capital invested by funds: $47.8M → $70.5M (+$22.7M)
23% more funds holding
Funds holding: 22 → 27 (+5)
2.66% more ownership
Funds ownership: 6.58% → 9.24% (+2.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$10.7M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$4.16M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$3.86M |
| 4 |
TAM
Third Avenue Management
New York
|
+$2.12M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.6M |
| 2 |
WS
Wedbush Securities
Los Angeles,
California
|
-$326K |
| 3 |
LPL Financial
San Diego,
California
|
-$243K |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$227K |
| 5 |
BIM
BlackRock Investment Management
Wilmington,
Delaware
|
-$201K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Ameriprise
Minneapolis,
Minnesota
| $15K | +$14.7K | +851 | New |
|
|
DADC
27
D.A. Davidson & Co
Great Falls,
Montana
| $15K | +$15.6K | +900 | New |
|
|
WS
28
Wedbush Securities
Los Angeles,
California
| – | -$326K | -18,250 | Closed |
|
|
PP
29
Paloma Partners
Greenwich,
Connecticut
| – | -$227K | -12,700 | Closed |
|
|
BIM
30
BlackRock Investment Management
Wilmington,
Delaware
| – | -$201K | -11,250 | Closed |
|
|
LTFS
31
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$18K | -1,000 | Closed |
|
|
PFO
32
Pathstone Family Office
Englewood,
New Jersey
| – | -$18K | -1,000 | Closed |
|
|
AIG
33
American International Group
New York
| – | -$8.94K | -500 | Closed |
|
GHY Hedge Fund Activity: Q3 2013 in Review
27 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q3 2013, worth a combined $70.5M — up 48% from $47.8M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new GHY positions and 6 closed out — a net gain of 5 holders — while 11 added to existing stakes and 4 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $10.7M. The largest seller was Rivernorth Capital Management, cutting an estimated $5.6M.
- 27 institutional investors held PGIM Global High Yield Fund (GHY) as of Q3 2013, up from 22 in Q2 2013.
- Funds reported $70.5M of PGIM Global High Yield Fund stock for Q3 2013, up 48% quarter-over-quarter.
- 11 funds opened new PGIM Global High Yield Fund positions in Q3 2013 and 6 closed out, a net change of +5 holders.
- The largest PGIM Global High Yield Fund buyer in Q3 2013 was Morgan Stanley, an estimated $10.7M added.
- The largest PGIM Global High Yield Fund seller in Q3 2013 was Rivernorth Capital Management, an estimated $5.6M sold.
Based on aggregated 13F filings for Q3 2013.