PGIM Global High Yield Fund
GHY
32 hedge funds and large institutions have $130M invested in PGIM Global High Yield Fund in 2014 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 8 reducing their positions, and 3 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
75% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 8
10% more funds holding
Funds holding: 29 → 32 (+3)
7% more capital invested
Capital invested by funds: $121M → $130M (+$8.99M)
0.68% more ownership
Funds ownership: 16.5% → 17.18% (+0.68%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$9.53M |
| 2 |
HAMF
Hatteras Alternative Mutual Funds
Raleigh,
North Carolina
|
+$2.86M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$2.18M |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$825K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$808K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.92M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.3M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.39M |
| 4 |
SCM
Saba Capital Management
New York
|
-$1.18M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$596K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
26
Tower Research Capital (TRC)
New York
| $179K | +$179K | +10,176 | +42,400% |
|
27
Barclays
London,
United Kingdom
| $136K | +$141K | +7,992 | New |
|
|
BRWA
28
B. Riley Wealth Advisors
Boca Raton,
Florida
| $98K | -$10.6K | -600 | -10% |
|
29
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $44K | +$26.4K | +1,500 | +150% |
|
30
US Bancorp
Minneapolis,
Minnesota
| $18K | – | – | – |
|
|
DADC
31
D.A. Davidson & Co
Great Falls,
Montana
| $15K | – | – | – |
|
|
LTFS
32
Ladenburg Thalmann Financial Services
Miami,
Florida
| $11K | +$10.6K | +600 | New |
|
|
OFG
33
OTA Financial Group
Purchase,
New York
| – | -$845 | -48,746 | Closed |
|
|
VKH
34
Virtu KCG Holdings
New York
| – | -$596K | -34,370 | Closed |
|
|
WAM
35
Wolverine Asset Management
Chicago,
Illinois
| – | -$46K | -2,677 | Closed |
|
GHY Hedge Fund Activity: Q1 2014 in Review
32 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q1 2014, worth a combined $130M — up 7.4% from $121M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GHY positions and 3 closed out — a net gain of 3 holders — while 14 added to existing stakes and 8 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $9.53M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.92M.
- 32 institutional investors held PGIM Global High Yield Fund (GHY) as of Q1 2014, up from 29 in Q4 2013.
- Funds reported $130M of PGIM Global High Yield Fund stock for Q1 2014, up 7.4% quarter-over-quarter.
- 6 funds opened new PGIM Global High Yield Fund positions in Q1 2014 and 3 closed out, a net change of +3 holders.
- The largest PGIM Global High Yield Fund buyer in Q1 2014 was Morgan Stanley, an estimated $9.53M added.
- The largest PGIM Global High Yield Fund seller in Q1 2014 was Rivernorth Capital Management, an estimated $6.92M sold.
Based on aggregated 13F filings for Q1 2014.