PGIM Global High Yield Fund
GHY
45 hedge funds and large institutions have $127M invested in PGIM Global High Yield Fund in 2015 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 11 increasing their positions, 17 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
14% more capital invested
Capital invested by funds: $112M → $127M (+$15.8M)
13% more funds holding
Funds holding: 40 → 45 (+5)
3.47% more ownership
Funds ownership: 16.74% → 20.2% (+3.5%)
35% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$9.6M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.65M |
| 3 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$4.09M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$3.15M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$1.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.63M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.3M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.61M |
| 4 |
HNB
Huntington National Bank
Columbus,
Ohio
|
-$863K |
| 5 |
MCM
Marathon Capital Management
Hunt Valley,
Maryland
|
-$811K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
US Bancorp
Minneapolis,
Minnesota
| – | -$17K | -1,040 | Closed |
|
|
AF
52
Arrow Financial
Glens Falls,
New York
| – | -$9K | -565 | Closed |
|
GHY Hedge Fund Activity: Q2 2015 in Review
45 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q2 2015, worth a combined $127M — up 14% from $112M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new GHY positions and 7 closed out — a net gain of 5 holders — while 11 added to existing stakes and 17 trimmed.
The largest buyer was Bessemer Group, adding an estimated $9.6M. The largest seller was Deutsche Bank, cutting an estimated $2.63M.
- 45 institutional investors held PGIM Global High Yield Fund (GHY) as of Q2 2015, up from 40 in Q1 2015.
- Funds reported $127M of PGIM Global High Yield Fund stock for Q2 2015, up 14% quarter-over-quarter.
- 12 funds opened new PGIM Global High Yield Fund positions in Q2 2015 and 7 closed out, a net change of +5 holders.
- The largest PGIM Global High Yield Fund buyer in Q2 2015 was Bessemer Group, an estimated $9.6M added.
- The largest PGIM Global High Yield Fund seller in Q2 2015 was Deutsche Bank, an estimated $2.63M sold.
Based on aggregated 13F filings for Q2 2015.