PGIM Global High Yield Fund
GHY
70 hedge funds and large institutions have $204M invested in PGIM Global High Yield Fund in 2017 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 30 increasing their positions, 17 reducing their positions, and 9 closing their positions.
78% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 9
76% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 17
11% more funds holding
Funds holding: 63 → 70 (+7)
3.16% more ownership
Funds ownership: 32.48% → 35.64% (+3.2%)
3% more capital invested
Capital invested by funds: $199M → $204M (+$5.23M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$10.5M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$4.84M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$3.24M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.01M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
-$6.39M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.74M |
| 3 |
Morgan Stanley
New York
|
-$1.76M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.71M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RIA
76
RPG Investment Advisory
Pleasanton,
California
| – | -$18K | -1,200 | Closed |
|
|
PCM
77
Penserra Capital Management
Orinda,
California
| – | -$8K | -540 | Closed |
|
78
ClearBridge Investments
New York
| – | -$7K | -450 | Closed |
|
GHY Hedge Fund Activity: Q4 2017 in Review
70 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q4 2017, worth a combined $204M — up 2.6% from $199M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new GHY positions and 9 closed out — a net gain of 7 holders — while 30 added to existing stakes and 17 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $10.5M. The largest seller was Bessemer Group, cutting an estimated $6.39M.
- 70 institutional investors held PGIM Global High Yield Fund (GHY) as of Q4 2017, up from 63 in Q3 2017.
- Funds reported $204M of PGIM Global High Yield Fund stock for Q4 2017, up 2.6% quarter-over-quarter.
- 16 funds opened new PGIM Global High Yield Fund positions in Q4 2017 and 9 closed out, a net change of +7 holders.
- The largest PGIM Global High Yield Fund buyer in Q4 2017 was Laurion Capital Management, an estimated $10.5M added.
- The largest PGIM Global High Yield Fund seller in Q4 2017 was Bessemer Group, an estimated $6.39M sold.
Based on aggregated 13F filings for Q4 2017.