PGIM Global High Yield Fund
GHY
40 hedge funds and large institutions have $112M invested in PGIM Global High Yield Fund in 2015 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 12 increasing their positions, 16 reducing their positions, and 14 closing their positions.
2.27% less ownership
Funds ownership: 19% → 16.74% (-2.3%)
9% less funds holding
Funds holding: 44 → 40 (-4)
12% less capital invested
Capital invested by funds: $126M → $112M (-$14.8M)
25% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 16
29% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$5.9M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$3.12M |
| 3 |
HNB
Huntington National Bank
Columbus,
Ohio
|
+$895K |
| 4 |
TAM
Trust Asset Management
Houston,
Texas
|
+$881K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$648K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$8.38M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.11M |
| 3 |
PAM
PT Asset Management
Chicago,
Illinois
|
-$3.13M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.77M |
| 5 |
SG Americas Securities
New York
|
-$2.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TC
51
TradeLink Capital
Chicago,
Illinois
| – | -$100K | -6,300 | Closed |
|
|
BRWA
52
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$94 | -5,920 | Closed |
|
53
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$16K | -1,000 | Closed |
|
|
NPC
54
National Planning Corporation
El Segundo,
California
| – | -$11.4K | -720 | Closed |
|
GHY Hedge Fund Activity: Q1 2015 in Review
40 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q1 2015, worth a combined $112M — down 12% from $126M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of GHY and 10 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 12 added.
The largest buyer was Bank of America, adding an estimated $5.9M. The largest seller was Morgan Stanley, cutting an estimated $8.38M.
- 40 institutional investors held PGIM Global High Yield Fund (GHY) as of Q1 2015, down from 44 in Q4 2014.
- Funds reported $112M of PGIM Global High Yield Fund stock for Q1 2015, down 12% quarter-over-quarter.
- 10 funds opened new PGIM Global High Yield Fund positions in Q1 2015 and 14 closed out, a net change of -4 holders.
- The largest PGIM Global High Yield Fund buyer in Q1 2015 was Bank of America, an estimated $5.9M added.
- The largest PGIM Global High Yield Fund seller in Q1 2015 was Morgan Stanley, an estimated $8.38M sold.
Based on aggregated 13F filings for Q1 2015.