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GHY

PGIM Global High Yield Fund
GHY

75 hedge funds and large institutions have $224M invested in PGIM Global High Yield Fund in 2018 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 26 increasing their positions, 22 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 6

18% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 22

15% more funds holding

Funds holding: 65 → 75 (+10)

2.38% more ownership

Funds ownership: 37.66% → 40.04% (+2.4%)

5% more capital invested

Capital invested by funds: $214M → $224M (+$9.73M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
75
Holders Change
+10
Holders Change %
+15.38%
% of All Funds
1.72%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
18
Increased
26
Reduced
22
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$4.6M
2
LCM
Laurion Capital Management
New York
+$3.45M
3
SIA
Sit Investment Associates
Minnesota
+$3.13M
4
RCM
Rivernorth Capital Management
Florida
+$2.7M
5
BlackRock
BlackRock
New York
+$2.28M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$5.2M
2
EVM
Eaton Vance Management
Massachusetts
-$4.05M
3
GC
Guggenheim Capital
Illinois
-$2.21M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.98M
5
KLI
Kelman-Lazarov Inc
Tennessee
-$1.14M
Name Holding Trade Value Shares
Change 		Change in
Stake
TJHA
26
Thomas J. Herzfeld Advisors
Florida
$1.8M +$1.81M +131,462 New
LTFS
27
Ladenburg Thalmann Financial Services
Florida
$1.75M – – –
LCM
28
Landscape Capital Management
New Jersey
$1.59M +$273K +19,774 +20%
RJFSA
29
Raymond James Financial Services Advisors
Florida
$1.59M -$382K -27,706 -19%
CIA
30
Capital Investment Advisors
Georgia
$1.44M +$5.72K +414 +0.4%
Nomura Holdings
31
Nomura Holdings
Japan
$1.43M +$1.45M +105,014 New
DA
32
Doliver Advisors
Texas
$1.31M +$870K +63,008 +189%
VCM
33
Vivaldi Capital Management
Illinois
$1.18M +$106K +7,682 +10%
GCM
34
Gator Capital Management
Florida
$1.05M +$71.1K +5,150 +7%
AAM
35
Advisors Asset Management
Colorado
$833K +$463K +33,557 +122%
6M
36
6 Meridian
Kansas
$671K -$11.3K -815 -2%
OFG
37
OTA Financial Group
New York
$644K -$607K -43,986 -48%
ACP
38
Aviance Capital Partners
Florida
$626K +$633K +45,858 New
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$476K -$69.4K -5,025 -13%
JMH
40
J.M. Hartwell
New York
$466K +$471K +34,113 New
Commonwealth Equity Services
41
Commonwealth Equity Services
Massachusetts
$437K -$651K -47,148 -60%
PAS
42
Park Avenue Securities
New York
$382K +$77.4K +5,610 +25%
Susquehanna International Group
43
Susquehanna International Group
Pennsylvania
$352K +$137K +9,937 +63%
Millennium Management
44
Millennium Management
New York
$344K -$280K -20,291 -45%
GCA
45
Gradient Capital Advisors
California
$332K +$20K +1,452 +6%
OA
46
Oxbow Advisors
Texas
$319K +$323K +23,375 New
Janney Montgomery Scott
47
Janney Montgomery Scott
Pennsylvania
$293K +$31.1K +2,250 +12%
Thrivent Financial for Lutherans
48
Thrivent Financial for Lutherans
Minnesota
$274K +$4.82K +349 +2%
AA
49
AQR Arbitrage
Connecticut
$266K +$269K +19,469 New
Geode Capital Management
50
Geode Capital Management
Massachusetts
$253K +$256K +18,541 New
1
2
3 4

GHY Hedge Fund Activity: Q2 2018 in Review

75 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q2 2018, worth a combined $224M — up 4.5% from $214M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new GHY positions and 6 closed out — a net gain of 12 holders — while 26 added to existing stakes and 22 trimmed.

The largest buyer was Parametric Portfolio Associates, adding an estimated $4.6M. The largest seller was Morgan Stanley, cutting an estimated $5.2M.

  • 75 institutional investors held PGIM Global High Yield Fund (GHY) as of Q2 2018, up from 65 in Q1 2018.
  • Funds reported $224M of PGIM Global High Yield Fund stock for Q2 2018, up 4.5% quarter-over-quarter.
  • 18 funds opened new PGIM Global High Yield Fund positions in Q2 2018 and 6 closed out, a net change of +12 holders.
  • The largest PGIM Global High Yield Fund buyer in Q2 2018 was Parametric Portfolio Associates, an estimated $4.6M added.
  • The largest PGIM Global High Yield Fund seller in Q2 2018 was Morgan Stanley, an estimated $5.2M sold.

Based on aggregated 13F filings for Q2 2018.