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GHY

PGIM Global High Yield Fund
GHY

70 hedge funds and large institutions have $204M invested in PGIM Global High Yield Fund in 2017 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 30 increasing their positions, 17 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 9

76% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 17

11% more funds holding

Funds holding: 63 → 70 (+7)

3.16% more ownership

Funds ownership: 32.48% → 35.64% (+3.2%)

3% more capital invested

Capital invested by funds: $199M → $204M (+$5.23M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
70
Holders Change
+7
Holders Change %
+11.11%
% of All Funds
1.59%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
16
Increased
30
Reduced
17
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$10.5M
2
PPA
Parametric Portfolio Associates
Washington
+$4.84M
3
CRC
Curi RMB Capital
Illinois
+$3.24M
4
RCM
Rivernorth Capital Management
Florida
+$2.01M
5
WAM
Wolverine Asset Management
Illinois
+$1.65M

Top Sellers

Rank Fund Capital Flow
1
Bessemer Group
Bessemer Group
New Jersey
-$6.39M
2
Bank of America
Bank of America
North Carolina
-$2.74M
3
Morgan Stanley
Morgan Stanley
New York
-$1.76M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.71M
5
AAM
Advisors Asset Management
Colorado
-$1.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$1.41M +$1.15M +78,602 +417%
Citadel Advisors
27
Citadel Advisors
Florida
$1.08M +$1.1M +75,280 New
GCM
28
Gator Capital Management
Florida
$1.06M +$1.08M +73,826 New
AAM
29
Advisors Asset Management
Colorado
$1.02M -$1.4M -95,810 -57%
LCM
30
Landscape Capital Management
New Jersey
$974K +$786K +53,823 +391%
Bessemer Group
31
Bessemer Group
New Jersey
$969K -$6.39M -437,500 -87%
6M
32
6 Meridian
Kansas
$783K +$794K +54,342 New
DA
33
Doliver Advisors
Texas
$778K -$102K -7,004 -11%
SFS
34
Shaker Financial Services
Virginia
$771K -$573K -39,249 -42%
WAM
35
Weiss Asset Management
Massachusetts
$678K +$688K +47,083 New
BFM
36
Boothbay Fund Management
New York
$651K +$660K +45,201 New
JG
37
Jefferies Group
New York
$643K +$235K +16,067 +56%
Commonwealth Equity Services
38
Commonwealth Equity Services
Massachusetts
$569K -$150K -10,248 -21%
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$569K +$25.9K +1,775 +5%
AG
40
Advisor Group
Arizona
$545K +$63.9K +4,374 +13%
AGA
41
Accuvest Global Advisors
Utah
$544K +$551K +37,718 New
Susquehanna International Group
42
Susquehanna International Group
Pennsylvania
$509K +$268K +18,376 +109%
TC
43
Telemus Capital
Michigan
$432K – – –
GCA
44
Gradient Capital Advisors
California
$329K +$333K +22,819 New
LNC
45
Lincoln National Corp
Pennsylvania
$314K +$161K +11,054 +103%
PA
46
Pinnacle Associates
New York
$287K +$175 +12 +0.1%
Thrivent Financial for Lutherans
47
Thrivent Financial for Lutherans
Minnesota
$278K +$5.07K +347 +2%
Janney Montgomery Scott
48
Janney Montgomery Scott
Pennsylvania
$258K +$1.09K +75 +0.4%
TSS
49
Two Sigma Securities
New York
$224K +$227K +15,516 New
Bank of New York Mellon
50
Bank of New York Mellon
New York
$218K +$221K +15,153 New
1
2
3 4

GHY Hedge Fund Activity: Q4 2017 in Review

70 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q4 2017, worth a combined $204M — up 2.6% from $199M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new GHY positions and 9 closed out — a net gain of 7 holders — while 30 added to existing stakes and 17 trimmed.

The largest buyer was Laurion Capital Management, opening a new position worth an estimated $10.5M. The largest seller was Bessemer Group, cutting an estimated $6.39M.

  • 70 institutional investors held PGIM Global High Yield Fund (GHY) as of Q4 2017, up from 63 in Q3 2017.
  • Funds reported $204M of PGIM Global High Yield Fund stock for Q4 2017, up 2.6% quarter-over-quarter.
  • 16 funds opened new PGIM Global High Yield Fund positions in Q4 2017 and 9 closed out, a net change of +7 holders.
  • The largest PGIM Global High Yield Fund buyer in Q4 2017 was Laurion Capital Management, an estimated $10.5M added.
  • The largest PGIM Global High Yield Fund seller in Q4 2017 was Bessemer Group, an estimated $6.39M sold.

Based on aggregated 13F filings for Q4 2017.