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GHY

PGIM Global High Yield Fund
GHY

70 hedge funds and large institutions have $244M invested in PGIM Global High Yield Fund in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 32 increasing their positions, 22 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 22

0.52% less ownership

Funds ownership: 48.09% → 47.58% (-0.52%)

9% less funds holding

Funds holding: 77 → 70 (-7)

10% less capital invested

Capital invested by funds: $272M → $244M (-$28.1M)

50% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 12

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
70
Holders Change
-7
Holders Change %
-9.09%
% of All Funds
1.52%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
6
Increased
32
Reduced
22
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$4.18M
2
AAM
Advisors Asset Management
Colorado
+$1.73M
3
TJHA
Thomas J. Herzfeld Advisors
Florida
+$1.58M
4
SFS
Shaker Financial Services
Virginia
+$1.4M
5
1CP
1607 Capital Partners
Virginia
+$857K

Top Sellers

Rank Fund Capital Flow
1
KKRC
Kohlberg Kravis Roberts & Co
New York
-$8.77M
2
RJA
Raymond James & Associates
Florida
-$1.52M
3
CCM
Community Capital Management
Florida
-$1.08M
4
MIG
Mariner Investment Group
New York
-$976K
5
Bank of America
Bank of America
North Carolina
-$884K
Name Holding Trade Value Shares
Change 		Change in
Stake
SFS
26
Shaker Financial Services
Virginia
$1.44M +$1.4M +99,830 New
CIA
27
Capital Investment Advisors
Georgia
$1.35M -$14.4K -1,024 -1%
LCM
28
Landscape Capital Management
New Jersey
$1.26M +$152K +10,782 +14%
6M
29
6 Meridian
Kansas
$955K -$102K -7,274 -10%
Envestnet Asset Management
30
Envestnet Asset Management
Illinois
$636K +$60K +4,264 +11%
FM
31
Family Management
New York
$536K +$11.6K +825 +2%
Citigroup
32
Citigroup
New York
$526K +$404K +28,700 +377%
ACP
33
Aviance Capital Partners
Florida
$524K +$7.35K +522 +1%
MAFM
34
Mid Atlantic Financial Management
Pennsylvania
$471K +$38K +2,700 +9%
JMH
35
J.M. Hartwell
New York
$464K -$70.4K -5,000 -13%
Commonwealth Equity Services
36
Commonwealth Equity Services
Massachusetts
$458K +$802 +57 +0.2%
CP
37
Camelot Portfolios
Ohio
$457K +$1.77K +126 +0.4%
CFG
38
Cooper Financial Group
California
$441K +$1.89K +134 +0.4%
RJFSA
39
Raymond James Financial Services Advisors
Florida
$433K -$296K -21,005 -41%
Cambridge Investment Research Advisors
40
Cambridge Investment Research Advisors
Iowa
$397K +$4.7K +334 +1%
GC
41
Guggenheim Capital
Illinois
$389K -$3.24K -230 -0.8%
GCA
42
Gradient Capital Advisors
California
$351K – – –
OA
43
Oxbow Advisors
Texas
$317K -$21.9K -1,555 -7%
PA
44
Pinnacle Associates
New York
$303K +$80.9K +5,750 +38%
Millennium Management
45
Millennium Management
New York
$295K +$287K +20,400 New
CCP
46
Clough Capital Partners
Massachusetts
$238K -$231K -16,400 -50%
EWM
47
Edge Wealth Management
New York
$222K -$21.1K -1,500 -9%
SBIA
48
Sheaff Brock Investment Advisors
Indiana
$210K – – –
CRC
49
Curi RMB Capital
Illinois
$204K -$840K -59,679 -81%
PAS
50
Park Avenue Securities
New York
$179K -$8.02K -570 -4%
1
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GHY Hedge Fund Activity: Q2 2019 in Review

70 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q2 2019, worth a combined $244M — down 10% from $272M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of GHY and 6 opened new positions — a net loss of 6 holders — while 22 trimmed existing stakes and 32 added.

The largest buyer was Sit Investment Associates, adding an estimated $4.18M. The largest seller was Kohlberg Kravis Roberts & Co, exiting entirely with an estimated $8.77M sold.

  • 70 institutional investors held PGIM Global High Yield Fund (GHY) as of Q2 2019, down from 77 in Q1 2019.
  • Funds reported $244M of PGIM Global High Yield Fund stock for Q2 2019, down 10% quarter-over-quarter.
  • 6 funds opened new PGIM Global High Yield Fund positions in Q2 2019 and 12 closed out, a net change of -6 holders.
  • The largest PGIM Global High Yield Fund buyer in Q2 2019 was Sit Investment Associates, an estimated $4.18M added.
  • The largest PGIM Global High Yield Fund seller in Q2 2019 was Kohlberg Kravis Roberts & Co, an estimated $8.77M sold.

Based on aggregated 13F filings for Q2 2019.