We are live on ! Find out more
GHY

PGIM Global High Yield Fund
GHY

65 hedge funds and large institutions have $300M invested in PGIM Global High Yield Fund in 2019 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 30 increasing their positions, 17 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

76% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 17

23% more capital invested

Capital invested by funds: $245M → $300M (+$55.4M)

1.06% more ownership

Funds ownership: 47.58% → 48.64% (+1.1%)

8% less funds holding

Funds holding: 71 → 65 (-6)

50% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 10

Holders
65
Holders Change
-6
Holders Change %
-8.45%
% of All Funds
1.28%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
5
Increased
30
Reduced
17
Closed
10
Calls
$5K
Puts
–
Net Calls
+$5K
Net Calls Change
+$5K

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$10.2M
2
SIA
Sit Investment Associates
Minnesota
+$5.24M
3
RCM
Rivernorth Capital Management
Florida
+$3.31M
4
IAA
Independent Advisor Alliance
North Carolina
+$3.27M
5
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$2.16M

Top Sellers

Rank Fund Capital Flow
1
VIA
Vident Investment Advisory
Georgia
-$9.72M
2
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
-$5.3M
3
1CP
1607 Capital Partners
Virginia
-$4.88M
4
TSS
Two Sigma Securities
New York
-$1.33M
5
MSL
Mackay Shields LLC
New York
-$785K
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
51
Landscape Capital Management
New Jersey
$205K -$719K -49,636 -78%
BAM
52
Belpointe Asset Management
Nevada
$180K – – –
OA
53
Oxbow Advisors
Texas
$172K – – –
SA
54
Sicart Associates
New York
$151K -$72.5K -5,000 -33%
GEA
55
Glen Eagle Advisors
New Jersey
$94.6K +$536 +37 +0.6%
NFG
56
Next Financial Group
Texas
$90K – – –
PNC Financial Services Group
57
PNC Financial Services Group
Pennsylvania
$31K – – –
ASN
58
Advisory Services Network
Georgia
$31K +$10.1K +695 +50%
Northwestern Mutual Wealth Management
59
Northwestern Mutual Wealth Management
Wisconsin
$30K – – –
BFEC
60
Benjamin F. Edwards & Company
Missouri
$22K – – –
PFGIA
61
Patriot Financial Group Insurance Agency
Massachusetts
$11K +$130 +9 +1%
PAM
62
Panagora Asset Management
Massachusetts
$6K -$8.36K -577 -59%
FHA
63
Flagship Harbor Advisors
Massachusetts
$6K +$116 +8 +2%
SFS
64
Sowell Financial Services
Arkansas
$2K -$43 -3 -2%
Carson Wealth (CWM LLC)
65
Carson Wealth (CWM LLC)
Nebraska
$2K – – –
VIA
66
Vident Investment Advisory
Georgia
– -$9.72M -676,098 Closed
Kovitz Investment Group Partners
67
Kovitz Investment Group Partners
Illinois
– -$5.3M -368,619 Closed
TSS
68
Two Sigma Securities
New York
– -$1.33M -92,363 Closed
MSL
69
Mackay Shields LLC
New York
– -$785K -54,615 Closed
OFG
70
OTA Financial Group
New York
– -$432K -30,080 Closed
V
71
Veritable
Delaware
– -$178K -12,400 Closed
Millennium Management
72
Millennium Management
New York
– -$148K -10,367 Closed
WAM
73
Wolverine Asset Management
Illinois
– -$41K -2,908 Closed
AWM
74
Avior Wealth Management
Nebraska
– -$33K -2,350 Closed
AF
75
Allworth Financial
California
– -$31K -2,155 Closed
1 2
3

GHY Hedge Fund Activity: Q4 2019 in Review

65 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q4 2019, worth a combined $300M — up 23% from $245M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of GHY and 5 opened new positions — a net loss of 5 holders — while 17 trimmed existing stakes and 30 added.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $10.2M. The largest seller was Vident Investment Advisory, exiting entirely with an estimated $9.72M sold.

  • 65 institutional investors held PGIM Global High Yield Fund (GHY) as of Q4 2019, down from 71 in Q3 2019.
  • Funds reported $300M of PGIM Global High Yield Fund stock for Q4 2019, up 23% quarter-over-quarter.
  • 5 funds opened new PGIM Global High Yield Fund positions in Q4 2019 and 10 closed out, a net change of -5 holders.
  • The largest PGIM Global High Yield Fund buyer in Q4 2019 was Penserra Capital Management, an estimated $10.2M added.
  • The largest PGIM Global High Yield Fund seller in Q4 2019 was Vident Investment Advisory, an estimated $9.72M sold.

Based on aggregated 13F filings for Q4 2019.