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GHY

PGIM Global High Yield Fund
GHY

70 hedge funds and large institutions have $244M invested in PGIM Global High Yield Fund in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 32 increasing their positions, 22 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 22

0.52% less ownership

Funds ownership: 48.09% → 47.58% (-0.52%)

9% less funds holding

Funds holding: 77 → 70 (-7)

10% less capital invested

Capital invested by funds: $272M → $244M (-$28.1M)

50% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 12

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
70
Holders Change
-7
Holders Change %
-9.09%
% of All Funds
1.52%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
6
Increased
32
Reduced
22
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$4.18M
2
AAM
Advisors Asset Management
Colorado
+$1.73M
3
TJHA
Thomas J. Herzfeld Advisors
Florida
+$1.58M
4
SFS
Shaker Financial Services
Virginia
+$1.4M
5
1CP
1607 Capital Partners
Virginia
+$857K

Top Sellers

Rank Fund Capital Flow
1
KKRC
Kohlberg Kravis Roberts & Co
New York
-$8.77M
2
RJA
Raymond James & Associates
Florida
-$1.52M
3
CCM
Community Capital Management
Florida
-$1.08M
4
MIG
Mariner Investment Group
New York
-$976K
5
Bank of America
Bank of America
North Carolina
-$884K
Name Holding Trade Value Shares
Change 		Change in
Stake
V
51
Veritable
Delaware
$179K – – –
Janney Montgomery Scott
52
Janney Montgomery Scott
Pennsylvania
$173K -$38.9K -2,762 -19%
BAM
53
Belpointe Asset Management
Nevada
$173K – – –
GEA
54
Glen Eagle Advisors
New Jersey
$90K +$493 +35 +0.6%
AG
55
Advisor Group
Arizona
$70K +$2.27K +161 +3%
Deutsche Bank
56
Deutsche Bank
Germany
$54K +$53.1K +3,776 New
Rockefeller Capital Management
57
Rockefeller Capital Management
New York
$52K +$1.05K +75 +2%
FIA
58
FNY Investment Advisers
New York
$48K -$306K -21,777 -87%
RCM
59
Rivernorth Capital Management
Florida
$37.1K -$9.98K -709 -0%
NFG
60
Next Financial Group
Texas
$35K +$34.2K +2,433 New
WAM
61
Wolverine Asset Management
Illinois
$34K +$31.3K +2,221 +1,111%
SPIA
62
Steward Partners Investment Advisory
New York
$34K +$33.8K +2,400 New
AF
63
Allworth Financial
California
$31K – – –
Northwestern Mutual Wealth Management
64
Northwestern Mutual Wealth Management
Wisconsin
$25K -$222K -15,777 -90%
BFEC
65
Benjamin F. Edwards & Company
Missouri
$21K – – –
ASN
66
Advisory Services Network
Georgia
$20K +$11.1K +789 +129%
Fifth Third Bancorp
67
Fifth Third Bancorp
Ohio
$16K +$15.3K +1,087 New
PNC Financial Services Group
68
PNC Financial Services Group
Pennsylvania
$14K -$7.04K -500 -33%
PFGIA
69
Patriot Financial Group Insurance Agency
Massachusetts
$10K – – –
FHA
70
Flagship Harbor Advisors
Massachusetts
$8K -$4.26K -303 -33%
Carson Wealth (CWM LLC)
71
Carson Wealth (CWM LLC)
Nebraska
$2K – – –
KKRC
72
Kohlberg Kravis Roberts & Co
New York
– -$8.77M -629,266 Closed
CCM
73
Community Capital Management
Florida
– -$1.08M -77,692 Closed
MIG
74
Mariner Investment Group
New York
– -$976K -70,000 Closed
OFG
75
OTA Financial Group
New York
– -$379K -27,192 Closed
1 2
3
4

GHY Hedge Fund Activity: Q2 2019 in Review

70 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q2 2019, worth a combined $244M — down 10% from $272M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of GHY and 6 opened new positions — a net loss of 6 holders — while 22 trimmed existing stakes and 32 added.

The largest buyer was Sit Investment Associates, adding an estimated $4.18M. The largest seller was Kohlberg Kravis Roberts & Co, exiting entirely with an estimated $8.77M sold.

  • 70 institutional investors held PGIM Global High Yield Fund (GHY) as of Q2 2019, down from 77 in Q1 2019.
  • Funds reported $244M of PGIM Global High Yield Fund stock for Q2 2019, down 10% quarter-over-quarter.
  • 6 funds opened new PGIM Global High Yield Fund positions in Q2 2019 and 12 closed out, a net change of -6 holders.
  • The largest PGIM Global High Yield Fund buyer in Q2 2019 was Sit Investment Associates, an estimated $4.18M added.
  • The largest PGIM Global High Yield Fund seller in Q2 2019 was Kohlberg Kravis Roberts & Co, an estimated $8.77M sold.

Based on aggregated 13F filings for Q2 2019.