PGIM Global High Yield Fund
GHY
52 hedge funds and large institutions have $182M invested in PGIM Global High Yield Fund in 2016 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 14 reducing their positions, and 10 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 14
1% more capital invested
Capital invested by funds: $180M → $182M (+$2.48M)
0.89% more ownership
Funds ownership: 27.7% → 28.59% (+0.89%)
4% less funds holding
Funds holding: 54 → 52 (-2)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.76M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.86M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.6M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$1.49M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EM
EnTrustPermal Management
New York
|
-$2.43M |
| 2 |
TAM
Trust Asset Management
Houston,
Texas
|
-$2.34M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.09M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.04M |
| 5 |
LPL Financial
San Diego,
California
|
-$997K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HW
51
Hedeker Wealth
Lincolnshire,
Illinois
| $4.49K | +$1.02K | +67 | New |
|
|
EWM
52
Evercore Wealth Management
New York
| $3K | – | – | – |
|
|
EM
53
EnTrustPermal Management
New York
| – | -$2.43M | -161,600 | Closed |
|
|
TAM
54
Trust Asset Management
Houston,
Texas
| – | -$2.34M | -156,178 | Closed |
|
|
55
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$2.09M | -139,119 | Closed |
|
|
CS
56
Credit Suisse
Zurich,
Switzerland
| – | -$1.04M | -69,000 | Closed |
|
|
LCM
57
Laurion Capital Management
New York
| – | -$351K | -23,372 | Closed |
|
|
OFG
58
OTA Financial Group
Purchase,
New York
| – | -$315K | -20,993 | Closed |
|
|
PAM
59
PVG Asset Management
Golden,
Colorado
| – | -$278K | -18,505 | Closed |
|
|
WS
60
Wedbush Securities
Los Angeles,
California
| – | -$180K | -12,000 | Closed |
|
|
EWM
61
Edge Wealth Management
New York
| – | -$18K | -1,200 | Closed |
|
62
Creative Planning
Overland Park,
Kansas
| – | -$3K | -200 | Closed |
|
63
SEI Investments
Oaks,
Pennsylvania
| – | +$259 | +17 | New |
|
GHY Hedge Fund Activity: Q3 2016 in Review
52 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q3 2016, worth a combined $182M — up 1.4% from $180M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of GHY and 9 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 22 added.
The largest buyer was Parametric Portfolio Associates, adding an estimated $3.76M. The largest seller was EnTrustPermal Management, exiting entirely with an estimated $2.43M sold.
- 52 institutional investors held PGIM Global High Yield Fund (GHY) as of Q3 2016, down from 54 in Q2 2016.
- Funds reported $182M of PGIM Global High Yield Fund stock for Q3 2016, up 1.4% quarter-over-quarter.
- 9 funds opened new PGIM Global High Yield Fund positions in Q3 2016 and 10 closed out, a net change of -1 holder.
- The largest PGIM Global High Yield Fund buyer in Q3 2016 was Parametric Portfolio Associates, an estimated $3.76M added.
- The largest PGIM Global High Yield Fund seller in Q3 2016 was EnTrustPermal Management, an estimated $2.43M sold.
Based on aggregated 13F filings for Q3 2016.