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GHY

PGIM Global High Yield Fund
GHY

77 hedge funds and large institutions have $233M invested in PGIM Global High Yield Fund in 2018 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 33 increasing their positions, 22 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 22

33% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 9

3% more funds holding

Funds holding: 75 → 77 (+2)

4% more capital invested

Capital invested by funds: $224M → $233M (+$8.99M)

1% more ownership

Funds ownership: 40.04% → 41.04% (+1%)

Holders
77
Holders Change
+2
Holders Change %
+2.67%
% of All Funds
1.76%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
12
Increased
33
Reduced
22
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$10.6M
2
RCM
Rivernorth Capital Management
Florida
+$2.64M
3
PPA
Parametric Portfolio Associates
Washington
+$2.62M
4
AAM
Advisors Asset Management
Colorado
+$1.93M
5
Bank of America
Bank of America
North Carolina
+$1.88M

Top Sellers

Rank Fund Capital Flow
1
CRC
Curi RMB Capital
Illinois
-$7.64M
2
LCM
Laurion Capital Management
New York
-$3.41M
3
Wells Fargo
Wells Fargo
California
-$3.09M
4
KLI
Kelman-Lazarov Inc
Tennessee
-$2.87M
5
Morgan Stanley
Morgan Stanley
New York
-$2.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Nomura Holdings
26
Nomura Holdings
Japan
$1.46M – – –
CIA
27
Capital Investment Advisors
Georgia
$1.4M -$66.1K -4,818 -5%
RJFSA
28
Raymond James Financial Services Advisors
Florida
$1.37M -$237K -17,263 -15%
VCM
29
Vivaldi Capital Management
Illinois
$1.29M +$99.9K +7,282 +8%
GCM
30
Gator Capital Management
Florida
$1.17M +$105K +7,650 +10%
RCM
31
Robinson Capital Management
Michigan
$1.14M +$1.13M +82,196 New
LCM
32
Landscape Capital Management
New Jersey
$1.01M -$599K -43,655 -37%
MIG
33
Mariner Investment Group
New York
$971K +$961K +70,000 New
SFS
34
Shaker Financial Services
Virginia
$962K +$952K +69,394 New
OFG
35
OTA Financial Group
New York
$644K – – –
ACP
36
Aviance Capital Partners
Florida
$629K -$7.12K -519 -1%
6M
37
6 Meridian
Kansas
$614K -$66K -4,809 -10%
KLI
38
Kelman-Lazarov Inc
Tennessee
$519K -$2.87M -209,270 -85%
JMH
39
J.M. Hartwell
New York
$473K – – –
Commonwealth Equity Services
40
Commonwealth Equity Services
Massachusetts
$455K +$11.3K +822 +3%
GCA
41
Gradient Capital Advisors
California
$454K +$116K +8,437 +35%
PAS
42
Park Avenue Securities
New York
$421K +$32.4K +2,362 +8%
NMC
43
Nine Masts Capital
Hong Kong
$372K +$145K +10,600 +65%
Cambridge Investment Research Advisors
44
Cambridge Investment Research Advisors
Iowa
$343K -$139K -10,112 -29%
GC
45
Guggenheim Capital
Illinois
$332K +$121K +8,844 +58%
Envestnet Asset Management
46
Envestnet Asset Management
Illinois
$332K +$329K +23,961 New
OA
47
Oxbow Advisors
Texas
$327K +$2.75K +200 +0.9%
AA
48
AQR Arbitrage
Connecticut
$296K +$25.4K +1,850 +10%
Northwestern Mutual Wealth Management
49
Northwestern Mutual Wealth Management
Wisconsin
$288K +$33.4K +2,433 +13%
Thrivent Financial for Lutherans
50
Thrivent Financial for Lutherans
Minnesota
$283K +$4.93K +359 +2%
1
2
3 4

GHY Hedge Fund Activity: Q3 2018 in Review

77 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q3 2018, worth a combined $233M — up 4% from $224M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new GHY positions and 9 closed out — a net gain of 3 holders — while 33 added to existing stakes and 22 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $10.6M. The largest seller was Curi RMB Capital, exiting entirely with an estimated $7.64M sold.

  • 77 institutional investors held PGIM Global High Yield Fund (GHY) as of Q3 2018, up from 75 in Q2 2018.
  • Funds reported $233M of PGIM Global High Yield Fund stock for Q3 2018, up 4% quarter-over-quarter.
  • 12 funds opened new PGIM Global High Yield Fund positions in Q3 2018 and 9 closed out, a net change of +3 holders.
  • The largest PGIM Global High Yield Fund buyer in Q3 2018 was Saba Capital Management, an estimated $10.6M added.
  • The largest PGIM Global High Yield Fund seller in Q3 2018 was Curi RMB Capital, an estimated $7.64M sold.

Based on aggregated 13F filings for Q3 2018.