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GHY

PGIM Global High Yield Fund
GHY

34 hedge funds and large institutions have $109M invested in PGIM Global High Yield Fund in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 10

0.26% more ownership

Funds ownership: 15.46% → 15.72% (+0.26%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

6% less funds holding

Funds holding: 36 → 34 (-2)

10% less capital invested

Capital invested by funds: $121M → $109M (-$12.1M)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
34
Holders Change
-2
Holders Change %
-5.56%
% of All Funds
0.99%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
5
Increased
14
Reduced
10
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bessemer Group
Bessemer Group
New Jersey
+$5.2M
2
GC
Guggenheim Capital
Illinois
+$1.82M
3
CIA
Capital Investment Advisors
Georgia
+$1.64M
4
Wells Fargo
Wells Fargo
California
+$1.39M
5
Bank of America
Bank of America
North Carolina
+$1.23M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$7.38M
2
Jane Street
Jane Street
New York
-$1.32M
3
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$581K
4
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$559K
5
BTS
BB&T Securities
Virginia
-$519K
Name Holding Trade Value Shares
Change 		Change in
Stake
AQR Capital Management
26
AQR Capital Management
Connecticut
$313K +$327K +18,992 New
Envestnet Asset Management
27
Envestnet Asset Management
Illinois
$300K +$50.6K +2,939 +19%
BA
28
BlackRock Advisors
Delaware
$300K +$313K +18,194 New
WAM
29
Wolverine Asset Management
Illinois
$241K +$252K +14,643 New
Citigroup
30
Citigroup
New York
$202K -$1.74K -101 -0.8%
CAN
31
Cetera Advisor Networks
California
$174K -$345K -20,050 -66%
Barclays
32
Barclays
United Kingdom
$128K – – –
BFEC
33
Benjamin F. Edwards & Company
Missouri
$64K +$49.1K +2,850 +285%
AIG
34
American International Group
New York
$26.4K +$3.44K +200 +14%
US Bancorp
35
US Bancorp
Minnesota
$17K – – –
Jane Street
36
Jane Street
New York
– -$1.32M -73,111 Closed
Janney Montgomery Scott
37
Janney Montgomery Scott
Pennsylvania
– -$559K -30,988 Closed
BRWA
38
B. Riley Wealth Advisors
Florida
– -$167K -9,254 Closed
TRCT
39
Tower Research Capital (TRC)
New York
– -$145K -8,020 Closed
FANJ
40
Financial Architects (New Jersey)
New Jersey
– -$18K -1,000 Closed
DADC
41
D.A. Davidson & Co
Montana
– -$16K -900 Closed
1
2

GHY Hedge Fund Activity: Q3 2014 in Review

34 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q3 2014, worth a combined $109M — down 10% from $121M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of GHY and 5 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 14 added.

The largest buyer was Bessemer Group, opening a new position worth an estimated $5.2M. The largest seller was Saba Capital Management, cutting an estimated $7.38M.

  • 34 institutional investors held PGIM Global High Yield Fund (GHY) as of Q3 2014, down from 36 in Q2 2014.
  • Funds reported $109M of PGIM Global High Yield Fund stock for Q3 2014, down 10% quarter-over-quarter.
  • 5 funds opened new PGIM Global High Yield Fund positions in Q3 2014 and 6 closed out, a net change of -1 holder.
  • The largest PGIM Global High Yield Fund buyer in Q3 2014 was Bessemer Group, an estimated $5.2M added.
  • The largest PGIM Global High Yield Fund seller in Q3 2014 was Saba Capital Management, an estimated $7.38M sold.

Based on aggregated 13F filings for Q3 2014.