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GHY

PGIM Global High Yield Fund
GHY

67 hedge funds and large institutions have $267M invested in PGIM Global High Yield Fund in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 18 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 18

14% more capital invested

Capital invested by funds: $233M → $267M (+$33.6M)

0.01% less ownership

Funds ownership: 51.18% → 51.17% (-0.01%)

9% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 11

1% less funds holding

Funds holding: 68 → 67 (-1)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
67
Holders Change
-1
Holders Change %
-1.47%
% of All Funds
1.37%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
10
Increased
26
Reduced
18
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$2.35M
2
PPA
Parametric Portfolio Associates
Washington
+$2.12M
3
UBS Group
UBS Group
Switzerland
+$2.03M
4
EVM
Eaton Vance Management
Massachusetts
+$1.66M
5
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$1.4M

Top Sellers

Rank Fund Capital Flow
1
Nomura Holdings
Nomura Holdings
Japan
-$3.16M
2
Morgan Stanley
Morgan Stanley
New York
-$2.42M
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$2.41M
4
SIA
Sit Investment Associates
Minnesota
-$1.52M
5
Goldman Sachs
Goldman Sachs
New York
-$818K
Name Holding Trade Value Shares
Change 		Change in
Stake
BAM
51
Belpointe Asset Management
Nevada
$153K – – –
Stifel Financial
52
Stifel Financial
Missouri
$145K +$138K +11,423 New
MOS
53
MGO One Seven
Ohio
$133K +$126K +10,429 New
BRWA
54
B. Riley Wealth Advisors
Florida
$131K +$124K +10,262 New
EWM
55
Edge Wealth Management
New York
$58K – – –
WAM
56
Wolverine Asset Management
Illinois
$51K +$49K +4,055 New
Northwestern Mutual Wealth Management
57
Northwestern Mutual Wealth Management
Wisconsin
$40K +$13.3K +1,100 +54%
PNC Financial Services Group
58
PNC Financial Services Group
Pennsylvania
$26K – – –
GEA
59
Glen Eagle Advisors
New Jersey
$24.2K -$5.68K -470 -20%
PFGIA
60
Patriot Financial Group Insurance Agency
Massachusetts
$11K +$1.34K +111 +15%
PAM
61
Panagora Asset Management
Massachusetts
$10K – – –
PFO
62
Pathstone Family Office
New Jersey
$8K +$7.21K +596 New
WLPWM
63
Walled Lake Planning & Wealth Management
Illinois
$3K +$73 +6 +3%
Carson Wealth (CWM LLC)
64
Carson Wealth (CWM LLC)
Nebraska
$2K – – –
SFS
65
Sowell Financial Services
Arkansas
$2K – – –
CAN
66
Cetera Advisor Networks
California
$1K +$822 +68 New
Bank of Montreal
67
Bank of Montreal
Ontario, Canada
– -$2.41M -224,000 Closed
Goldman Sachs
68
Goldman Sachs
New York
– -$818K -73,953 Closed
Citadel Advisors
69
Citadel Advisors
Florida
– -$343K -30,997 Closed
CP
70
Camelot Portfolios
Ohio
– -$340K -30,707 Closed
AUIM
71
Aegon USA Investment Management
Iowa
– -$265K -24,000 Closed
LNC
72
Lincoln National Corp
Pennsylvania
– -$221K -19,997 Closed
LA
73
LexAurum Advisors
Kansas
– -$129K -11,700 Closed
OA
74
Oxbow Advisors
Texas
– -$126K -11,425 Closed
NFG
75
Next Financial Group
Texas
– -$70K -6,303 Closed
1 2
3
4

GHY Hedge Fund Activity: Q2 2020 in Review

67 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q2 2020, worth a combined $267M — up 14% from $233M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of GHY and 10 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 26 added.

The largest buyer was Saba Capital Management, adding an estimated $2.35M. The largest seller was Nomura Holdings, cutting an estimated $3.16M.

  • 67 institutional investors held PGIM Global High Yield Fund (GHY) as of Q2 2020, down from 68 in Q1 2020.
  • Funds reported $267M of PGIM Global High Yield Fund stock for Q2 2020, up 14% quarter-over-quarter.
  • 10 funds opened new PGIM Global High Yield Fund positions in Q2 2020 and 11 closed out, a net change of -1 holder.
  • The largest PGIM Global High Yield Fund buyer in Q2 2020 was Saba Capital Management, an estimated $2.35M added.
  • The largest PGIM Global High Yield Fund seller in Q2 2020 was Nomura Holdings, an estimated $3.16M sold.

Based on aggregated 13F filings for Q2 2020.