PGIM Global High Yield Fund
GHY
29 hedge funds and large institutions have $121M invested in PGIM Global High Yield Fund in 2013 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 3 closing their positions.
71% more capital invested
Capital invested by funds: $70.5M → $121M (+$50.4M)
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
63% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 8
7% more funds holding
Funds holding: 27 → 29 (+2)
7.26% more ownership
Funds ownership: 9.24% → 16.5% (+7.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$34.9M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$9.79M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$2.19M |
| 4 |
HAMF
Hatteras Alternative Mutual Funds
Raleigh,
North Carolina
|
+$1.87M |
| 5 |
Morgan Stanley
New York
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.48M |
| 2 |
Jane Street
New York
|
-$378K |
| 3 |
DC
Davenport & Co
Richmond,
Virginia
|
-$316K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$245K |
| 5 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
-$207K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $17K | -$85.5K | -4,960 | -83% |
|
|
DADC
27
D.A. Davidson & Co
Great Falls,
Montana
| $15K | – | – | – |
|
|
OFG
28
OTA Financial Group
Purchase,
New York
| $845 | +$840K | +48,746 | New |
|
|
29
Jane Street
New York
| – | -$378K | -21,659 | Closed |
|
|
30
HighTower Advisors
Chicago,
Illinois
| – | -$245K | -14,023 | Closed |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| – | -$89.4K | -5,188 | -100% |
|
32
Ameriprise
Minneapolis,
Minnesota
| – | -$15K | -851 | Closed |
|
GHY Hedge Fund Activity: Q4 2013 in Review
29 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q4 2013, worth a combined $121M — up 71% from $70.5M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new GHY positions and 3 closed out — a net gain of 2 holders — while 13 added to existing stakes and 8 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $34.9M. The largest seller was Bank of America, cutting an estimated $1.48M.
- 29 institutional investors held PGIM Global High Yield Fund (GHY) as of Q4 2013, up from 27 in Q3 2013.
- Funds reported $121M of PGIM Global High Yield Fund stock for Q4 2013, up 71% quarter-over-quarter.
- 5 funds opened new PGIM Global High Yield Fund positions in Q4 2013 and 3 closed out, a net change of +2 holders.
- The largest PGIM Global High Yield Fund buyer in Q4 2013 was Saba Capital Management, an estimated $34.9M added.
- The largest PGIM Global High Yield Fund seller in Q4 2013 was Bank of America, an estimated $1.48M sold.
Based on aggregated 13F filings for Q4 2013.