PGIM Global High Yield Fund
GHY
76 hedge funds and large institutions have $270M invested in PGIM Global High Yield Fund in 2020 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 25 increasing their positions, 24 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
13% more funds holding
Funds holding: 67 → 76 (+9)
4% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 24
1% more capital invested
Capital invested by funds: $267M → $270M (+$3.28M)
1.17% less ownership
Funds ownership: 51.17% → 50% (-1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$1.62M |
| 2 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$846K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$661K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$627K |
| 5 |
PCM
Penserra Capital Management
Orinda,
California
|
+$579K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.81M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$2.02M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.7M |
| 4 |
SCM
Saba Capital Management
New York
|
-$1.6M |
| 5 |
Morgan Stanley
New York
|
-$1.53M |
GHY Hedge Fund Activity: Q3 2020 in Review
76 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q3 2020, worth a combined $270M — up 1.2% from $267M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new GHY positions and 4 closed out — a net gain of 9 holders — while 25 added to existing stakes and 24 trimmed.
The largest buyer was Cohen & Steers, opening a new position worth an estimated $1.62M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.81M.
- 76 institutional investors held PGIM Global High Yield Fund (GHY) as of Q3 2020, up from 67 in Q2 2020.
- Funds reported $270M of PGIM Global High Yield Fund stock for Q3 2020, up 1.2% quarter-over-quarter.
- 13 funds opened new PGIM Global High Yield Fund positions in Q3 2020 and 4 closed out, a net change of +9 holders.
- The largest PGIM Global High Yield Fund buyer in Q3 2020 was Cohen & Steers, an estimated $1.62M added.
- The largest PGIM Global High Yield Fund seller in Q3 2020 was Rivernorth Capital Management, an estimated $3.81M sold.
Based on aggregated 13F filings for Q3 2020.