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GHY

PGIM Global High Yield Fund
GHY

80 hedge funds and large institutions have $252M invested in PGIM Global High Yield Fund in 2018 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 23 increasing their positions, 28 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

21% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 14

8% more capital invested

Capital invested by funds: $233M → $252M (+$19.5M)

6.64% more ownership

Funds ownership: 41.04% → 47.69% (+6.6%)

4% more funds holding

Funds holding: 77 → 80 (+3)

18% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 28

Holders
80
Holders Change
+3
Holders Change %
+3.9%
% of All Funds
1.78%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
17
Increased
23
Reduced
28
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$10.5M
2
SIA
Sit Investment Associates
Minnesota
+$9.55M
3
RCM
Rivernorth Capital Management
Florida
+$5.96M
4
CRC
Curi RMB Capital
Illinois
+$4.7M
5
COLIM
City of London Investment Management
United Kingdom
+$3.11M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$2.75M
2
WAM
Wolverine Asset Management
Illinois
-$2.05M
3
Bank of America
Bank of America
North Carolina
-$989K
4
SFS
Shaker Financial Services
Virginia
-$962K
5
RCM
Robinson Capital Management
Michigan
-$875K
Name Holding Trade Value Shares
Change 		Change in
Stake
PMAM
26
Penn Mutual Asset Management
Pennsylvania
$2.14M – – –
LTFS
27
Ladenburg Thalmann Financial Services
Florida
$1.84M +$121K +9,109 +7%
KKRC
28
Kohlberg Kravis Roberts & Co
New York
$1.83M +$1.89M +141,400 New
VCM
29
Vivaldi Capital Management
Illinois
$1.45M +$251K +18,845 +20%
AUIM
30
Aegon USA Investment Management
Iowa
$1.3M +$1.34M +100,781 New
CIA
31
Capital Investment Advisors
Georgia
$1.27M -$37.5K -2,811 -3%
LCM
32
Landscape Capital Management
New Jersey
$1.22M +$286K +21,442 +29%
CCM
33
Community Capital Management
Florida
$1.11M +$1.15M +86,000 New
MIG
34
Mariner Investment Group
New York
$904K – – –
RJFSA
35
Raymond James Financial Services Advisors
Florida
$808K -$486K -36,484 -37%
AA
36
AQR Arbitrage
Connecticut
$617K +$353K +26,442 +124%
ACP
37
Aviance Capital Partners
Florida
$583K -$2.4K -180 -0.4%
6M
38
6 Meridian
Kansas
$570K -$2.49K -187 -0.4%
FM
39
Family Management
New York
$552K +$570K +42,763 New
Susquehanna International Group
40
Susquehanna International Group
Pennsylvania
$503K +$347K +26,037 +202%
Envestnet Asset Management
41
Envestnet Asset Management
Illinois
$451K +$146K +10,912 +46%
JMH
42
J.M. Hartwell
New York
$441K – – –
MAFM
43
Mid Atlantic Financial Management
Pennsylvania
$429K +$443K +33,202 New
CP
44
Camelot Portfolios
Ohio
$405K +$418K +31,368 New
Commonwealth Equity Services
45
Commonwealth Equity Services
Massachusetts
$395K -$29.4K -2,203 -7%
CFG
46
Cooper Financial Group
California
$391K +$403K +30,242 New
GC
47
Guggenheim Capital
Illinois
$378K +$69.8K +5,232 +22%
GCM
48
Gator Capital Management
Florida
$375K -$741K -55,556 -66%
Cambridge Investment Research Advisors
49
Cambridge Investment Research Advisors
Iowa
$345K +$26K +1,953 +8%
GCA
50
Gradient Capital Advisors
California
$314K -$113K -8,437 -26%
1
2
3 4

GHY Hedge Fund Activity: Q4 2018 in Review

80 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q4 2018, worth a combined $252M — up 8.4% from $233M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new GHY positions and 14 closed out — a net gain of 3 holders — while 23 added to existing stakes and 28 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $10.5M. The largest seller was UBS Group, cutting an estimated $2.75M.

  • 80 institutional investors held PGIM Global High Yield Fund (GHY) as of Q4 2018, up from 77 in Q3 2018.
  • Funds reported $252M of PGIM Global High Yield Fund stock for Q4 2018, up 8.4% quarter-over-quarter.
  • 17 funds opened new PGIM Global High Yield Fund positions in Q4 2018 and 14 closed out, a net change of +3 holders.
  • The largest PGIM Global High Yield Fund buyer in Q4 2018 was Saba Capital Management, an estimated $10.5M added.
  • The largest PGIM Global High Yield Fund seller in Q4 2018 was UBS Group, an estimated $2.75M sold.

Based on aggregated 13F filings for Q4 2018.