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GHY

PGIM Global High Yield Fund
GHY

68 hedge funds and large institutions have $233M invested in PGIM Global High Yield Fund in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 23 increasing their positions, 22 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

56% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 9

5% more funds holding

Funds holding: 65 → 68 (+3)

2.54% more ownership

Funds ownership: 48.64% → 51.18% (+2.5%)

5% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 22

22% less capital invested

Capital invested by funds: $300M → $233M (-$66.9M)

Holders
68
Holders Change
+3
Holders Change %
+4.62%
% of All Funds
1.5%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.07%
New
14
Increased
23
Reduced
22
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$19.6M
2
Nomura Holdings
Nomura Holdings
Japan
+$8.82M
3
PPA
Parametric Portfolio Associates
Washington
+$3.91M
4
COLIM
City of London Investment Management
United Kingdom
+$2.94M
5
RA
RFG Advisory
Alabama
+$2.03M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$18.1M
2
1CP
1607 Capital Partners
Virginia
-$3.66M
3
IAA
Independent Advisor Alliance
North Carolina
-$3.38M
4
RCM
Rivernorth Capital Management
Florida
-$2.58M
5
PFO
Pathstone Family Office
New Jersey
-$1.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
SBIA
51
Sheaff Brock Investment Advisors
Indiana
$155K -$6.99K -500 -3%
D.E. Shaw & Co
52
D.E. Shaw & Co
New York
$138K +$175K +12,500 New
BAM
53
Belpointe Asset Management
Nevada
$133K – – –
LA
54
LexAurum Advisors
Kansas
$129K +$164K +11,700 New
OA
55
Oxbow Advisors
Texas
$126K – – –
NFG
56
Next Financial Group
Texas
$70K +$4.05K +290 +5%
EWM
57
Edge Wealth Management
New York
$51K -$151K -10,809 -70%
GEA
58
Glen Eagle Advisors
New Jersey
$26.2K -$54.9K -3,927 -62%
PNC Financial Services Group
59
PNC Financial Services Group
Pennsylvania
$23K – – –
Northwestern Mutual Wealth Management
60
Northwestern Mutual Wealth Management
Wisconsin
$22K – – –
ASN
61
Advisory Services Network
Georgia
$17K -$8.33K -596 -28%
PFGIA
62
Patriot Financial Group Insurance Agency
Massachusetts
$8K +$126 +9 +1%
PAM
63
Panagora Asset Management
Massachusetts
$8K +$4.79K +343 +84%
AIC
64
Ameritas Investment Company
Nebraska
$8K +$11.2K +800 New
WLPWM
65
Walled Lake Planning & Wealth Management
Illinois
$3K +$3.27K +234 New
Carson Wealth (CWM LLC)
66
Carson Wealth (CWM LLC)
Nebraska
$2K – – –
SFS
67
Sowell Financial Services
Arkansas
$2K – – –
1CP
68
1607 Capital Partners
Virginia
– -$3.66M -243,417 Closed
IAA
69
Independent Advisor Alliance
North Carolina
– -$3.38M -225,352 Closed
FM
70
Family Management
New York
– -$672K -44,737 Closed
ACP
71
Aviance Capital Partners
Florida
– -$565K -37,609 Closed
FIA
72
FNY Investment Advisers
New York
– -$388K -25,885 Closed
LCM
73
Landscape Capital Management
New Jersey
– -$205K -13,622 Closed
SA
74
Sicart Associates
New York
– -$151K -10,000 Closed
PFO
75
Pathstone Family Office
New Jersey
– -$1.27M -8,458 Closed
1 2
3
4

GHY Hedge Fund Activity: Q1 2020 in Review

68 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q1 2020, worth a combined $233M — down 22% from $300M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new GHY positions and 9 closed out — a net gain of 5 holders — while 23 added to existing stakes and 22 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $19.6M. The largest seller was UBS Group, cutting an estimated $18.1M.

  • 68 institutional investors held PGIM Global High Yield Fund (GHY) as of Q1 2020, up from 65 in Q4 2019.
  • Funds reported $233M of PGIM Global High Yield Fund stock for Q1 2020, down 22% quarter-over-quarter.
  • 14 funds opened new PGIM Global High Yield Fund positions in Q1 2020 and 9 closed out, a net change of +5 holders.
  • The largest PGIM Global High Yield Fund buyer in Q1 2020 was Saba Capital Management, an estimated $19.6M added.
  • The largest PGIM Global High Yield Fund seller in Q1 2020 was UBS Group, an estimated $18.1M sold.

Based on aggregated 13F filings for Q1 2020.