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GHY

PGIM Global High Yield Fund
GHY

70 hedge funds and large institutions have $204M invested in PGIM Global High Yield Fund in 2017 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 30 increasing their positions, 17 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 9

76% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 17

11% more funds holding

Funds holding: 63 → 70 (+7)

3.16% more ownership

Funds ownership: 32.48% → 35.64% (+3.2%)

3% more capital invested

Capital invested by funds: $199M → $204M (+$5.23M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
70
Holders Change
+7
Holders Change %
+11.11%
% of All Funds
1.59%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
16
Increased
30
Reduced
17
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$10.5M
2
PPA
Parametric Portfolio Associates
Washington
+$4.84M
3
CRC
Curi RMB Capital
Illinois
+$3.24M
4
RCM
Rivernorth Capital Management
Florida
+$2.01M
5
WAM
Wolverine Asset Management
Illinois
+$1.65M

Top Sellers

Rank Fund Capital Flow
1
Bessemer Group
Bessemer Group
New Jersey
-$6.39M
2
Bank of America
Bank of America
North Carolina
-$2.74M
3
Morgan Stanley
Morgan Stanley
New York
-$1.76M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.71M
5
AAM
Advisors Asset Management
Colorado
-$1.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCA
51
SMH Capital Advisors
Texas
$216K +$219K +14,976 New
SBIA
52
Sheaff Brock Investment Advisors
Indiana
$209K – – –
Northwestern Mutual Wealth Management
53
Northwestern Mutual Wealth Management
Wisconsin
$205K -$38.6K -2,645 -16%
SWM
54
SeaCrest Wealth Management
New York
$176K +$178K +12,194 New
BAM
55
Belpointe Asset Management
Nevada
$173K – – –
PAG
56
Pinnacle Advisory Group
Maryland
$170K -$97.6K -6,680 -36%
M&T Bank
57
M&T Bank
New York
$145K +$394 +27 +0.3%
AFNAS
58
American Financial Network Advisory Services
California
$137K +$36.8K +2,519 +36%
IA
59
IFP Advisors
Florida
$123K -$100K -6,849 -45%
Citigroup
60
Citigroup
New York
$98K +$6.83K +468 +7%
MOS
61
MGO One Seven
Ohio
$85K +$86.1K +5,892 New
BI
62
Bramshill Investments
Florida
$65K +$24.2K +1,660 +59%
SWP
63
Stratos Wealth Partners
Ohio
$58K +$59.1K +4,050 New
US Bancorp
64
US Bancorp
Minnesota
$57K +$219 +15 +0.4%
GEA
65
Glen Eagle Advisors
New Jersey
$54K +$21.6K +1,477 +65%
PNC Financial Services Group
66
PNC Financial Services Group
Pennsylvania
$44K – – –
CA
67
Calton & Associates
Florida
$36K +$37K +2,531 New
APA
68
American Portfolios Advisors
New York
$6.99K +$7.08K +485 New
Kovitz Investment Group Partners
69
Kovitz Investment Group Partners
Illinois
$6.46K -$268K -18,375 -4%
Manulife (Manufacturers Life Insurance)
70
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$6K – – –
OFG
71
OTA Financial Group
New York
– -$307K -20,616 Closed
SI
72
SII Investments
Wisconsin
– -$184K -12,313 Closed
LPL Financial
73
LPL Financial
California
– -$178K -11,900 Closed
BTS
74
BB&T Securities
Virginia
– -$167K -11,250 Closed
IWA
75
IBEX Wealth Advisors
New Jersey
– -$86K -5,747 Closed
1 2
3
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GHY Hedge Fund Activity: Q4 2017 in Review

70 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q4 2017, worth a combined $204M — up 2.6% from $199M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new GHY positions and 9 closed out — a net gain of 7 holders — while 30 added to existing stakes and 17 trimmed.

The largest buyer was Laurion Capital Management, opening a new position worth an estimated $10.5M. The largest seller was Bessemer Group, cutting an estimated $6.39M.

  • 70 institutional investors held PGIM Global High Yield Fund (GHY) as of Q4 2017, up from 63 in Q3 2017.
  • Funds reported $204M of PGIM Global High Yield Fund stock for Q4 2017, up 2.6% quarter-over-quarter.
  • 16 funds opened new PGIM Global High Yield Fund positions in Q4 2017 and 9 closed out, a net change of +7 holders.
  • The largest PGIM Global High Yield Fund buyer in Q4 2017 was Laurion Capital Management, an estimated $10.5M added.
  • The largest PGIM Global High Yield Fund seller in Q4 2017 was Bessemer Group, an estimated $6.39M sold.

Based on aggregated 13F filings for Q4 2017.