PGIM Global High Yield Fund
GHY
77 hedge funds and large institutions have $233M invested in PGIM Global High Yield Fund in 2018 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 33 increasing their positions, 22 reducing their positions, and 9 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 22
33% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 9
3% more funds holding
Funds holding: 75 → 77 (+2)
4% more capital invested
Capital invested by funds: $224M → $233M (+$8.99M)
1% more ownership
Funds ownership: 40.04% → 41.04% (+1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$10.6M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.64M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.62M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.93M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$7.64M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$3.41M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$3.09M |
| 4 |
KLI
Kelman-Lazarov Inc
Memphis,
Tennessee
|
-$2.87M |
| 5 |
Morgan Stanley
New York
|
-$2.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KL
76
KWMG LLC
Overland Park,
Kansas
| $11K | – | – | – |
|
|
PFGIA
77
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| $10K | +$9.61K | +700 | New |
|
|
ASN
78
Advisory Services Network
Atlanta,
Georgia
| $8K | +$7.71K | +562 | New |
|
|
CRC
79
Curi RMB Capital
Chicago,
Illinois
| – | -$7.64M | -559,053 | Closed |
|
|
LCM
80
Laurion Capital Management
New York
| – | -$3.41M | -249,875 | Closed |
|
81
Millennium Management
New York
| – | -$344K | -25,200 | Closed |
|
82
Geode Capital Management
Boston,
Massachusetts
| – | -$253K | -18,541 | Closed |
|
83
Goldman Sachs
New York
| – | -$147K | -10,731 | Closed |
|
|
LNC
84
Lincoln National Corp
Radnor,
Pennsylvania
| – | -$140K | -10,252 | Closed |
|
|
BCA
85
Bay Colony Advisors
Concord,
Massachusetts
| – | -$7K | -510 | Closed |
|
|
APA
86
American Portfolios Advisors
Holbrook,
New York
| – | -$6.63K | -485 | Closed |
|
87
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$6K | -403 | Closed |
|
GHY Hedge Fund Activity: Q3 2018 in Review
77 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q3 2018, worth a combined $233M — up 4% from $224M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new GHY positions and 9 closed out — a net gain of 3 holders — while 33 added to existing stakes and 22 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $10.6M. The largest seller was Curi RMB Capital, exiting entirely with an estimated $7.64M sold.
- 77 institutional investors held PGIM Global High Yield Fund (GHY) as of Q3 2018, up from 75 in Q2 2018.
- Funds reported $233M of PGIM Global High Yield Fund stock for Q3 2018, up 4% quarter-over-quarter.
- 12 funds opened new PGIM Global High Yield Fund positions in Q3 2018 and 9 closed out, a net change of +3 holders.
- The largest PGIM Global High Yield Fund buyer in Q3 2018 was Saba Capital Management, an estimated $10.6M added.
- The largest PGIM Global High Yield Fund seller in Q3 2018 was Curi RMB Capital, an estimated $7.64M sold.
Based on aggregated 13F filings for Q3 2018.