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GHY

PGIM Global High Yield Fund
GHY

44 hedge funds and large institutions have $126M invested in PGIM Global High Yield Fund in 2014 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 11 increasing their positions, 11 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

183% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 6

29% more funds holding

Funds holding: 34 → 44 (+10)

16% more capital invested

Capital invested by funds: $109M → $126M (+$17.4M)

3.29% more ownership

Funds ownership: 15.72% → 19% (+3.3%)

0% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 11

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
44
Holders Change
+10
Holders Change %
+29.41%
% of All Funds
1.17%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
17
Increased
11
Reduced
11
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$7.56M
2
TAM
Trust Asset Management
Texas
+$2.93M
3
SG Americas Securities
SG Americas Securities
New York
+$2.19M
4
Invesco
Invesco
Georgia
+$1.39M
5
Bessemer Group
Bessemer Group
New Jersey
+$1.05M

Top Sellers

Rank Fund Capital Flow
1
HIP
Hatteras Investment Partners
North Carolina
-$3.97M
2
SCM
Saba Capital Management
New York
-$3.65M
3
Morgan Stanley
Morgan Stanley
New York
-$3.4M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$1.88M
5
Bank of America
Bank of America
North Carolina
-$1.44M
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
26
Laurion Capital Management
New York
$390K +$395K +24,514 New
BRWM
27
B. Riley Wealth Management
Tennessee
$374K -$95.8K -5,942 -20%
Citigroup
28
Citigroup
New York
$341K +$147K +9,128 +74%
HCM
29
Hollencrest Capital Management
California
$341K +$346K +21,450 New
CI
30
Chartist Inc
California
$300K -$16.1K -1,000 -5%
DC
31
Davenport & Co
Virginia
$271K -$132K -8,200 -32%
AA
32
Ancora Advisors
Ohio
$255K +$258K +16,000 New
CCP
33
Clough Capital Partners
Massachusetts
$232K +$235K +14,600 New
Envestnet Asset Management
34
Envestnet Asset Management
Illinois
$216K -$74.9K -4,646 -26%
SFS
35
Shaker Financial Services
Virginia
$203K +$206K +12,763 New
KSCM
36
Kamunting Street Capital Management
Florida
$184K -$507K -31,437 -73%
Goldman Sachs
37
Goldman Sachs
New York
$177K +$179K +11,117 New
Commonwealth Equity Services
38
Commonwealth Equity Services
Massachusetts
$171K +$173K +10,748 New
TC
39
TradeLink Capital
Illinois
$100K +$102K +6,300 New
BFEC
40
Benjamin F. Edwards & Company
Missouri
$61K – – –
AIG
41
American International Group
New York
$25.5K – – –
US Bancorp
42
US Bancorp
Minnesota
$17K – – –
Fifth Third Bancorp
43
Fifth Third Bancorp
Ohio
$16K +$16.1K +1,000 New
NPC
44
National Planning Corporation
California
$11.4K +$11.6K +720 New
BRWA
45
B. Riley Wealth Advisors
Florida
$94 +$95.4K +5,920 New
HIP
46
Hatteras Investment Partners
North Carolina
– -$3.97M -240,566 Closed
SCM
47
Saba Capital Management
New York
– -$3.65M -221,495 Closed
BNP Paribas Financial Markets
48
BNP Paribas Financial Markets
France
– -$1.88M -113,784 Closed
BA
49
BlackRock Advisors
Delaware
– -$300K -18,194 Closed
CAN
50
Cetera Advisor Networks
California
– -$174K -10,400 Closed
1
2
3

GHY Hedge Fund Activity: Q4 2014 in Review

44 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q4 2014, worth a combined $126M — up 16% from $109M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new GHY positions and 6 closed out — a net gain of 11 holders — while 11 added to existing stakes and 11 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $7.56M. The largest seller was Hatteras Investment Partners, exiting entirely with an estimated $3.97M sold.

  • 44 institutional investors held PGIM Global High Yield Fund (GHY) as of Q4 2014, up from 34 in Q3 2014.
  • Funds reported $126M of PGIM Global High Yield Fund stock for Q4 2014, up 16% quarter-over-quarter.
  • 17 funds opened new PGIM Global High Yield Fund positions in Q4 2014 and 6 closed out, a net change of +11 holders.
  • The largest PGIM Global High Yield Fund buyer in Q4 2014 was Rivernorth Capital Management, an estimated $7.56M added.
  • The largest PGIM Global High Yield Fund seller in Q4 2014 was Hatteras Investment Partners, an estimated $3.97M sold.

Based on aggregated 13F filings for Q4 2014.