PGIM Global High Yield Fund
GHY
50 hedge funds and large institutions have $184M invested in PGIM Global High Yield Fund in 2017 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 14 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 16
1.37% more ownership
Funds ownership: 28.9% → 30.27% (+1.4%)
3% more capital invested
Capital invested by funds: $179M → $184M (+$5.19M)
12% less funds holding
Funds holding: 57 → 50 (-7)
43% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 14
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$7.01M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.24M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$3M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.03M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$4.76M |
| 2 |
AMH
Apollo Management Holdings
New York
|
-$2.87M |
| 3 |
KKRC
Kohlberg Kravis Roberts & Co
New York
|
-$2.09M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.63M |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
-$650K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KKRC
51
Kohlberg Kravis Roberts & Co
New York
| – | -$2.09M | -140,253 | Closed |
|
|
BFM
52
Boothbay Fund Management
New York
| – | -$2.21K | -27,300 | Closed |
|
53
Millennium Management
New York
| – | -$367K | -24,675 | Closed |
|
|
VKH
54
Virtu KCG Holdings
New York
| – | -$286K | -19,225 | Closed |
|
|
TSS
55
Two Sigma Securities
New York
| – | -$218K | -14,666 | Closed |
|
|
GCP
56
GSA Capital Partners
London,
United Kingdom
| – | -$197K | -13,256 | Closed |
|
|
NFA
57
Nationwide Fund Advisors
Columbus,
Ohio
| – | -$165K | -11,100 | Closed |
|
|
CCP
58
Corient Capital Partners
Newport Beach,
California
| – | -$163K | -10,950 | Closed |
|
|
BTS
59
BB&T Securities
Richmond,
Virginia
| – | -$160K | -10,628 | Closed |
|
|
IWA
60
IBEX Wealth Advisors
Bedminster,
New Jersey
| – | -$30K | -2,000 | Closed |
|
|
GEA
61
Glen Eagle Advisors
Kingston,
New Jersey
| – | -$26.8K | -1,800 | Closed |
|
|
SIA
62
SeaBridge Investment Advisors
Summit,
New Jersey
| – | -$10K | -680 | Closed |
|
|
TFA
63
Transamerica Financial Advisors
St. Petersburg,
Florida
| – | -$2K | -109 | Closed |
|
GHY Hedge Fund Activity: Q1 2017 in Review
50 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q1 2017, worth a combined $184M — up 2.9% from $179M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of GHY and 8 opened new positions — a net loss of 6 holders — while 16 trimmed existing stakes and 20 added.
The largest buyer was Kovitz Investment Group Partners, opening a new position worth an estimated $7.01M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $4.76M sold.
- 50 institutional investors held PGIM Global High Yield Fund (GHY) as of Q1 2017, down from 57 in Q4 2016.
- Funds reported $184M of PGIM Global High Yield Fund stock for Q1 2017, up 2.9% quarter-over-quarter.
- 8 funds opened new PGIM Global High Yield Fund positions in Q1 2017 and 14 closed out, a net change of -6 holders.
- The largest PGIM Global High Yield Fund buyer in Q1 2017 was Kovitz Investment Group Partners, an estimated $7.01M added.
- The largest PGIM Global High Yield Fund seller in Q1 2017 was Laurion Capital Management, an estimated $4.76M sold.
Based on aggregated 13F filings for Q1 2017.