PGIM Global High Yield Fund
GHY
44 hedge funds and large institutions have $126M invested in PGIM Global High Yield Fund in 2014 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 11 increasing their positions, 11 reducing their positions, and 6 closing their positions.
183% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 6
29% more funds holding
Funds holding: 34 → 44 (+10)
16% more capital invested
Capital invested by funds: $109M → $126M (+$17.4M)
3.29% more ownership
Funds ownership: 15.72% → 19% (+3.3%)
0% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 11
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.56M |
| 2 |
TAM
Trust Asset Management
Houston,
Texas
|
+$2.93M |
| 3 |
SG Americas Securities
New York
|
+$2.19M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.39M |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIP
Hatteras Investment Partners
Raleigh,
North Carolina
|
-$3.97M |
| 2 |
SCM
Saba Capital Management
New York
|
-$3.65M |
| 3 |
Morgan Stanley
New York
|
-$3.4M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$1.88M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.44M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Barclays
London,
United Kingdom
| – | -$128K | -7,992 | Closed |
|
GHY Hedge Fund Activity: Q4 2014 in Review
44 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q4 2014, worth a combined $126M — up 16% from $109M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new GHY positions and 6 closed out — a net gain of 11 holders — while 11 added to existing stakes and 11 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $7.56M. The largest seller was Hatteras Investment Partners, exiting entirely with an estimated $3.97M sold.
- 44 institutional investors held PGIM Global High Yield Fund (GHY) as of Q4 2014, up from 34 in Q3 2014.
- Funds reported $126M of PGIM Global High Yield Fund stock for Q4 2014, up 16% quarter-over-quarter.
- 17 funds opened new PGIM Global High Yield Fund positions in Q4 2014 and 6 closed out, a net change of +11 holders.
- The largest PGIM Global High Yield Fund buyer in Q4 2014 was Rivernorth Capital Management, an estimated $7.56M added.
- The largest PGIM Global High Yield Fund seller in Q4 2014 was Hatteras Investment Partners, an estimated $3.97M sold.
Based on aggregated 13F filings for Q4 2014.