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GHY

PGIM Global High Yield Fund
GHY

60 hedge funds and large institutions have $166M invested in PGIM Global High Yield Fund in 2015 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 22 increasing their positions, 11 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 8

100% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 11

36% more funds holding

Funds holding: 44 → 60 (+16)

25% more capital invested

Capital invested by funds: $132M → $166M (+$33.7M)

5.57% more ownership

Funds ownership: 23.02% → 28.59% (+5.6%)

Holders
60
Holders Change
+16
Holders Change %
+36.36%
% of All Funds
1.57%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
24
Increased
22
Reduced
11
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$9.42M
2
YMRC
Yorktown Management & Research Company
Virginia
+$4.95M
3
EVM
Eaton Vance Management
Massachusetts
+$4.61M
4
AAM
Advisors Asset Management
Colorado
+$3.33M
5
KIG
Kovitz Investment Group
Illinois
+$2.88M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$6.71M
2
Goldman Sachs
Goldman Sachs
New York
-$1.8M
3
Bessemer Group
Bessemer Group
New Jersey
-$1.44M
4
UBS Group
UBS Group
Switzerland
-$1.37M
5
SFS
Shaker Financial Services
Virginia
-$865K
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
26
AQR Arbitrage
Connecticut
$1.34M +$442K +31,230 +49%
KKRC
27
Kohlberg Kravis Roberts & Co
New York
$1.31M +$1.31M +92,659 New
Bank of Montreal
28
Bank of Montreal
Ontario, Canada
$1.06M +$1.06M +75,000 New
CS
29
Credit Suisse
Switzerland
$976K +$976K +69,000 New
WAM
30
Weiss Asset Management
Massachusetts
$822K +$822K +58,109 New
GC
31
Gratia Capital
California
$802K +$802K +56,685 New
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$801K +$51.1K +3,617 +7%
RJA
33
Raymond James & Associates
Florida
$667K -$25.7K -1,815 -4%
HNB
34
Huntington National Bank
Ohio
$496K – – –
SG Americas Securities
35
SG Americas Securities
New York
$473K +$472K +33,401 New
ICAS
36
Investors Capital Advisory Services
Massachusetts
$420K -$18.4K -1,300 -4%
Baird Financial Group
37
Baird Financial Group
Wisconsin
$407K +$407K +28,787 New
IA
38
IFP Advisors
Florida
$361K +$360K +25,489 New
GAG
39
GM Advisory Group
New York
$354K +$353K +25,000 New
NMC
40
Nine Masts Capital
Hong Kong
$303K +$302K +21,384 New
Commonwealth Equity Services
41
Commonwealth Equity Services
Massachusetts
$300K +$91.4K +6,465 +44%
PA
42
Pinnacle Associates
New York
$293K +$54.4K +3,844 +23%
Citigroup
43
Citigroup
New York
$289K +$206K +14,572 +249%
Squarepoint
44
Squarepoint
New York
$277K +$277K +19,578 New
GCP
45
GSA Capital Partners
United Kingdom
$241K +$240K +17,000 New
VKH
46
Virtu KCG Holdings
New York
$240K +$239K +16,935 New
Cambridge Investment Research Advisors
47
Cambridge Investment Research Advisors
Iowa
$205K +$53.9K +3,810 +36%
LCM
48
Laurion Capital Management
New York
$204K +$203K +14,385 New
BW
49
Bison Wealth
Georgia
$197K +$20.6K +1,455 +12%
BTS
50
BB&T Securities
Virginia
$149K -$28.3K -2,000 -16%
1
2
3

GHY Hedge Fund Activity: Q4 2015 in Review

60 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q4 2015, worth a combined $166M — up 25% from $132M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new GHY positions and 8 closed out — a net gain of 16 holders — while 22 added to existing stakes and 11 trimmed.

The largest buyer was JP Morgan Chase, opening a new position worth an estimated $9.42M. The largest seller was Morgan Stanley, cutting an estimated $6.71M.

  • 60 institutional investors held PGIM Global High Yield Fund (GHY) as of Q4 2015, up from 44 in Q3 2015.
  • Funds reported $166M of PGIM Global High Yield Fund stock for Q4 2015, up 25% quarter-over-quarter.
  • 24 funds opened new PGIM Global High Yield Fund positions in Q4 2015 and 8 closed out, a net change of +16 holders.
  • The largest PGIM Global High Yield Fund buyer in Q4 2015 was JP Morgan Chase, an estimated $9.42M added.
  • The largest PGIM Global High Yield Fund seller in Q4 2015 was Morgan Stanley, an estimated $6.71M sold.

Based on aggregated 13F filings for Q4 2015.