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GHY

PGIM Global High Yield Fund
GHY

77 hedge funds and large institutions have $272M invested in PGIM Global High Yield Fund in 2019 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 29 increasing their positions, 25 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 25

8% more capital invested

Capital invested by funds: $252M → $272M (+$19.8M)

0.41% more ownership

Funds ownership: 47.69% → 48.09% (+0.41%)

4% less funds holding

Funds holding: 80 → 77 (-3)

22% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 9

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
77
Holders Change
-3
Holders Change %
-3.75%
% of All Funds
1.67%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
7
Increased
29
Reduced
25
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KKRC
Kohlberg Kravis Roberts & Co
New York
+$6.73M
2
SIA
Sit Investment Associates
Minnesota
+$5.81M
3
PPA
Parametric Portfolio Associates
Washington
+$1.88M
4
AAM
Advisors Asset Management
Colorado
+$1.12M
5
Morgan Stanley
Morgan Stanley
New York
+$968K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$6.11M
2
CRC
Curi RMB Capital
Illinois
-$3.84M
3
BlackRock
BlackRock
New York
-$2.14M
4
RCM
Rivernorth Capital Management
Florida
-$1.31M
5
AUIM
Aegon USA Investment Management
Iowa
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$2.04M +$53.7K +3,895 +3%
CIA
27
Capital Investment Advisors
Georgia
$1.32M -$45.6K -3,307 -3%
CCM
28
Community Capital Management
Florida
$1.08M -$115K -8,308 -10%
LCM
29
Landscape Capital Management
New Jersey
$1.06M -$249K -18,091 -19%
CRC
30
Curi RMB Capital
Illinois
$1.03M -$3.84M -278,541 -79%
6M
31
6 Meridian
Kansas
$1.02M +$404K +29,293 +66%
MIG
32
Mariner Investment Group
New York
$976K – – –
RJFSA
33
Raymond James Financial Services Advisors
Florida
$711K -$159K -11,537 -18%
Envestnet Asset Management
34
Envestnet Asset Management
Illinois
$554K +$67.2K +4,875 +14%
JMH
35
J.M. Hartwell
New York
$517K +$41.4K +3,000 +9%
FM
36
Family Management
New York
$505K -$89.7K -6,508 -15%
ACP
37
Aviance Capital Partners
Florida
$498K -$130K -9,449 -21%
CCP
38
Clough Capital Partners
Massachusetts
$459K +$454K +32,900 New
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$441K +$13.8K +1,001 +3%
CP
40
Camelot Portfolios
Ohio
$439K +$1.54K +112 +0.4%
CFG
41
Cooper Financial Group
California
$424K +$2.43K +176 +0.6%
MAFM
42
Mid Atlantic Financial Management
Pennsylvania
$417K -$45.5K -3,300 -10%
OFG
43
OTA Financial Group
New York
$379K +$375K +27,192 New
GC
44
Guggenheim Capital
Illinois
$378K -$28.6K -2,076 -7%
Cambridge Investment Research Advisors
45
Cambridge Investment Research Advisors
Iowa
$378K +$6.21K +450 +2%
FIA
46
FNY Investment Advisers
New York
$350K +$324K +23,485 +1,445%
GCA
47
Gradient Capital Advisors
California
$338K – – –
OA
48
Oxbow Advisors
Texas
$328K +$20.8K +1,505 +7%
Northwestern Mutual Wealth Management
49
Northwestern Mutual Wealth Management
Wisconsin
$244K -$6.16K -447 -2%
EWM
50
Edge Wealth Management
New York
$236K – – –
1
2
3 4

GHY Hedge Fund Activity: Q1 2019 in Review

77 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q1 2019, worth a combined $272M — up 7.9% from $252M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of GHY and 7 opened new positions — a net loss of 2 holders — while 25 trimmed existing stakes and 29 added.

The largest buyer was Kohlberg Kravis Roberts & Co, adding an estimated $6.73M. The largest seller was Saba Capital Management, cutting an estimated $6.11M.

  • 77 institutional investors held PGIM Global High Yield Fund (GHY) as of Q1 2019, down from 80 in Q4 2018.
  • Funds reported $272M of PGIM Global High Yield Fund stock for Q1 2019, up 7.9% quarter-over-quarter.
  • 7 funds opened new PGIM Global High Yield Fund positions in Q1 2019 and 9 closed out, a net change of -2 holders.
  • The largest PGIM Global High Yield Fund buyer in Q1 2019 was Kohlberg Kravis Roberts & Co, an estimated $6.73M added.
  • The largest PGIM Global High Yield Fund seller in Q1 2019 was Saba Capital Management, an estimated $6.11M sold.

Based on aggregated 13F filings for Q1 2019.