We are live on ! Find out more
GHY

PGIM Global High Yield Fund
GHY

36 hedge funds and large institutions have $121M invested in PGIM Global High Yield Fund in 2014 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 4

30% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 10

13% more funds holding

Funds holding: 32 → 36 (+4)

1.72% less ownership

Funds ownership: 17.18% → 15.46% (-1.7%)

7% less capital invested

Capital invested by funds: $130M → $121M (-$8.73M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
36
Holders Change
+4
Holders Change %
+12.5%
% of All Funds
1.03%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
8
Increased
13
Reduced
10
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$7.95M
2
Morgan Stanley
Morgan Stanley
New York
+$2.59M
3
Jane Street
Jane Street
New York
+$1.3M
4
Bank of America
Bank of America
North Carolina
+$911K
5
CIA
Capital Investment Advisors
Georgia
+$850K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$23.3M
2
RCM
Rivernorth Capital Management
Florida
-$3.68M
3
TAM
Third Avenue Management
New York
-$2.24M
4
Deutsche Bank
Deutsche Bank
Germany
-$727K
5
DWT
Dorsey & Whitney Trust
South Dakota
-$191K
Name Holding Trade Value Shares
Change 		Change in
Stake
CI
26
Chartist Inc
California
$355K – – –
Envestnet Asset Management
27
Envestnet Asset Management
Illinois
$275K – – –
Citigroup
28
Citigroup
New York
$223K -$64.4K -3,613 -23%
BRWA
29
B. Riley Wealth Advisors
Florida
$167K +$65.1K +3,654 +65%
TRCT
30
Tower Research Capital (TRC)
New York
$145K -$38.8K -2,180 -21%
Barclays
31
Barclays
United Kingdom
$144K – – –
AIG
32
American International Group
New York
$25.3K +$24.9K +1,400 New
US Bancorp
33
US Bancorp
Minnesota
$19K – – –
BFEC
34
Benjamin F. Edwards & Company
Missouri
$18K +$17.8K +1,000 New
FANJ
35
Financial Architects (New Jersey)
New Jersey
$18K +$17.8K +1,000 New
DADC
36
D.A. Davidson & Co
Montana
$16K – – –
RCM
37
Rivernorth Capital Management
Florida
– -$3.68M -209,200 Closed
TAM
38
Third Avenue Management
New York
– -$2.24M -127,306 Closed
DWT
39
Dorsey & Whitney Trust
South Dakota
– -$191K -10,878 Closed
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
– -$44K -2,500 Closed
1
2

GHY Hedge Fund Activity: Q2 2014 in Review

36 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q2 2014, worth a combined $121M — down 6.7% from $130M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new GHY positions and 4 closed out — a net gain of 4 holders — while 13 added to existing stakes and 10 trimmed.

The largest buyer was Guggenheim Capital, opening a new position worth an estimated $7.95M. The largest seller was Saba Capital Management, cutting an estimated $23.3M.

  • 36 institutional investors held PGIM Global High Yield Fund (GHY) as of Q2 2014, up from 32 in Q1 2014.
  • Funds reported $121M of PGIM Global High Yield Fund stock for Q2 2014, down 6.7% quarter-over-quarter.
  • 8 funds opened new PGIM Global High Yield Fund positions in Q2 2014 and 4 closed out, a net change of +4 holders.
  • The largest PGIM Global High Yield Fund buyer in Q2 2014 was Guggenheim Capital, an estimated $7.95M added.
  • The largest PGIM Global High Yield Fund seller in Q2 2014 was Saba Capital Management, an estimated $23.3M sold.

Based on aggregated 13F filings for Q2 2014.