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GHY

PGIM Global High Yield Fund
GHY

54 hedge funds and large institutions have $180M invested in PGIM Global High Yield Fund in 2016 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 20 increasing their positions, 18 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 18

1% less capital invested

Capital invested by funds: $181M → $180M (-$1.36M)

1.34% less ownership

Funds ownership: 29.05% → 27.7% (-1.3%)

2% less funds holding

Funds holding: 55 → 54 (-1)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

Holders
54
Holders Change
-1
Holders Change %
-1.82%
% of All Funds
1.44%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
20
Reduced
18
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$717K
2
KKRC
Kohlberg Kravis Roberts & Co
New York
+$615K
3
IA
IFP Advisors
Florida
+$531K
4
RP
Raiff Partners
New York
+$522K
5
UBS Group
UBS Group
Switzerland
+$521K

Top Sellers

Rank Fund Capital Flow
1
VIA
Vident Investment Advisory
Georgia
-$3.04M
2
LPL Financial
LPL Financial
California
-$2.14M
3
YMRC
Yorktown Management & Research Company
Virginia
-$1.63M
4
EVM
Eaton Vance Management
Massachusetts
-$1.62M
5
Bessemer Group
Bessemer Group
New Jersey
-$1.32M
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
51
PNC Financial Services Group
Pennsylvania
$20K +$5.41K +363 +36%
EWM
52
Edge Wealth Management
New York
$18K – – –
SIA
53
SeaBridge Investment Advisors
New Jersey
$10K +$10.1K +680 New
PCM
54
Penserra Capital Management
California
$7K – – –
Creative Planning
55
Creative Planning
Kansas
$3K – – –
EWM
56
Evercore Wealth Management
New York
$3K – – –
AA
57
AQR Arbitrage
Connecticut
– -$507K -34,089 Closed
WAM
58
Wolverine Asset Management
Illinois
– -$344K -23,179 Closed
SFS
59
Shaker Financial Services
Virginia
– -$234K -15,696 Closed
HW
60
Hedeker Wealth
Illinois
– -$233K -15,680 Closed
PFS
61
Prospera Financial Services
Texas
– -$171K -11,500 Closed
AIG
62
American International Group
New York
– -$106K -7,145 Closed
NMC
63
Nine Masts Capital
Hong Kong
– -$37K -2,500 Closed
CGT
64
Capital Guardian Trust
California
– -$15K -1,028 Closed
BFEC
65
Benjamin F. Edwards & Company
Missouri
– -$4K -300 Closed
1 2
3

GHY Hedge Fund Activity: Q2 2016 in Review

54 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q2 2016, worth a combined $180M — down 0.75% from $181M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of GHY and 9 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 20 added.

The largest buyer was Wells Fargo, adding an estimated $717K. The largest seller was Vident Investment Advisory, cutting an estimated $3.04M.

  • 54 institutional investors held PGIM Global High Yield Fund (GHY) as of Q2 2016, down from 55 in Q1 2016.
  • Funds reported $180M of PGIM Global High Yield Fund stock for Q2 2016, down 0.75% quarter-over-quarter.
  • 9 funds opened new PGIM Global High Yield Fund positions in Q2 2016 and 10 closed out, a net change of -1 holder.
  • The largest PGIM Global High Yield Fund buyer in Q2 2016 was Wells Fargo, an estimated $717K added.
  • The largest PGIM Global High Yield Fund seller in Q2 2016 was Vident Investment Advisory, an estimated $3.04M sold.

Based on aggregated 13F filings for Q2 2016.