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GHY

PGIM Global High Yield Fund
GHY

77 hedge funds and large institutions have $272M invested in PGIM Global High Yield Fund in 2019 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 29 increasing their positions, 25 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 25

8% more capital invested

Capital invested by funds: $252M → $272M (+$19.8M)

0.41% more ownership

Funds ownership: 47.69% → 48.09% (+0.41%)

4% less funds holding

Funds holding: 80 → 77 (-3)

22% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 9

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
77
Holders Change
-3
Holders Change %
-3.75%
% of All Funds
1.67%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
7
Increased
29
Reduced
25
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KKRC
Kohlberg Kravis Roberts & Co
New York
+$6.73M
2
SIA
Sit Investment Associates
Minnesota
+$5.81M
3
PPA
Parametric Portfolio Associates
Washington
+$1.88M
4
AAM
Advisors Asset Management
Colorado
+$1.12M
5
Morgan Stanley
Morgan Stanley
New York
+$968K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$6.11M
2
CRC
Curi RMB Capital
Illinois
-$3.84M
3
BlackRock
BlackRock
New York
-$2.14M
4
RCM
Rivernorth Capital Management
Florida
-$1.31M
5
AUIM
Aegon USA Investment Management
Iowa
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
PA
51
Pinnacle Associates
New York
$212K -$6.89K -500 -3%
TC
52
Telemus Capital
Michigan
$209K – – –
Janney Montgomery Scott
53
Janney Montgomery Scott
Pennsylvania
$206K -$43.8K -3,175 -18%
RJT
54
Raymond James Trust
Florida
$203K – – –
SBIA
55
Sheaff Brock Investment Advisors
Indiana
$202K – – –
PAS
56
Park Avenue Securities
New York
$181K -$20.6K -1,496 -10%
AA
57
AQR Arbitrage
Connecticut
$176K -$485K -35,166 -74%
V
58
Veritable
Delaware
$173K +$171K +12,400 New
BAM
59
Belpointe Asset Management
Nevada
$167K – – –
PMAM
60
Penn Mutual Asset Management
Pennsylvania
$165K – – –
LNC
61
Lincoln National Corp
Pennsylvania
$149K +$147K +10,669 New
SWM
62
SeaCrest Wealth Management
New York
$107K -$19.7K -1,426 -16%
Citigroup
63
Citigroup
New York
$106K +$9.07K +658 +9%
CAM
64
Cresset Asset Management
Illinois
$94K – – –
GEA
65
Glen Eagle Advisors
New Jersey
$86.3K +$427 +31 +0.5%
AG
66
Advisor Group
Arizona
$65K +$11.4K +829 +21%
WAM
67
Wealthspire Advisors (Maryland)
Maryland
$56K – – –
Rockefeller Capital Management
68
Rockefeller Capital Management
New York
$49K +$48.3K +3,504 New
PNC Financial Services Group
69
PNC Financial Services Group
Pennsylvania
$21K +$6.89K +500 +50%
BFEC
70
Benjamin F. Edwards & Company
Missouri
$20K – – –
AIC
71
Ameritas Investment Company
Nebraska
$14K -$50.6K -3,673 -79%
FHA
72
Flagship Harbor Advisors
Massachusetts
$12K -$1.61K -117 -11%
KL
73
KWMG LLC
Kansas
$11K – – –
PFGIA
74
Patriot Financial Group Insurance Agency
Massachusetts
$10K – – –
ASN
75
Advisory Services Network
Georgia
$9K – – –
1 2
3
4

GHY Hedge Fund Activity: Q1 2019 in Review

77 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q1 2019, worth a combined $272M — up 7.9% from $252M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of GHY and 7 opened new positions — a net loss of 2 holders — while 25 trimmed existing stakes and 29 added.

The largest buyer was Kohlberg Kravis Roberts & Co, adding an estimated $6.73M. The largest seller was Saba Capital Management, cutting an estimated $6.11M.

  • 77 institutional investors held PGIM Global High Yield Fund (GHY) as of Q1 2019, down from 80 in Q4 2018.
  • Funds reported $272M of PGIM Global High Yield Fund stock for Q1 2019, up 7.9% quarter-over-quarter.
  • 7 funds opened new PGIM Global High Yield Fund positions in Q1 2019 and 9 closed out, a net change of -2 holders.
  • The largest PGIM Global High Yield Fund buyer in Q1 2019 was Kohlberg Kravis Roberts & Co, an estimated $6.73M added.
  • The largest PGIM Global High Yield Fund seller in Q1 2019 was Saba Capital Management, an estimated $6.11M sold.

Based on aggregated 13F filings for Q1 2019.