PGIM Global High Yield Fund
GHY
77 hedge funds and large institutions have $272M invested in PGIM Global High Yield Fund in 2019 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 29 increasing their positions, 25 reducing their positions, and 9 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 25
8% more capital invested
Capital invested by funds: $252M → $272M (+$19.8M)
0.41% more ownership
Funds ownership: 47.69% → 48.09% (+0.41%)
4% less funds holding
Funds holding: 80 → 77 (-3)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KKRC
Kohlberg Kravis Roberts & Co
New York
|
+$6.73M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.81M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.88M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.12M |
| 5 |
Morgan Stanley
New York
|
+$968K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$6.11M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$3.84M |
| 3 |
BlackRock
New York
|
-$2.14M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.31M |
| 5 |
AUIM
Aegon USA Investment Management
Cedar Rapids,
Iowa
|
-$1.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
76
IFP Advisors
Tampa,
Florida
| $6K | -$44.9K | -3,254 | -87% |
|
77
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $2K | +$1.46K | +106 | New |
|
|
WAM
78
Wolverine Asset Management
Chicago,
Illinois
| $2K | +$2.76K | +200 | New |
|
|
79
BlackRock
New York
| – | -$2.14M | -165,300 | Closed |
|
|
AUIM
80
Aegon USA Investment Management
Cedar Rapids,
Iowa
| – | -$1.3M | -100,781 | Closed |
|
81
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$503K | -38,909 | Closed |
|
|
WAM
82
Weiss Asset Management
Boston,
Massachusetts
| – | -$256K | -19,840 | Closed |
|
|
RCM
83
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$214K | -16,568 | Closed |
|
|
ST
84
Sentinel Trust
Houston,
Texas
| – | -$171K | -13,205 | Closed |
|
|
MOS
85
MGO One Seven
Beachwood,
Ohio
| – | -$119K | -9,250 | Closed |
|
|
NFG
86
Next Financial Group
Houston,
Texas
| – | -$28K | -2,151 | Closed |
|
|
TRCT
87
Tower Research Capital (TRC)
New York
| – | -$3K | -200 | Closed |
|
GHY Hedge Fund Activity: Q1 2019 in Review
77 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q1 2019, worth a combined $272M — up 7.9% from $252M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of GHY and 7 opened new positions — a net loss of 2 holders — while 25 trimmed existing stakes and 29 added.
The largest buyer was Kohlberg Kravis Roberts & Co, adding an estimated $6.73M. The largest seller was Saba Capital Management, cutting an estimated $6.11M.
- 77 institutional investors held PGIM Global High Yield Fund (GHY) as of Q1 2019, down from 80 in Q4 2018.
- Funds reported $272M of PGIM Global High Yield Fund stock for Q1 2019, up 7.9% quarter-over-quarter.
- 7 funds opened new PGIM Global High Yield Fund positions in Q1 2019 and 9 closed out, a net change of -2 holders.
- The largest PGIM Global High Yield Fund buyer in Q1 2019 was Kohlberg Kravis Roberts & Co, an estimated $6.73M added.
- The largest PGIM Global High Yield Fund seller in Q1 2019 was Saba Capital Management, an estimated $6.11M sold.
Based on aggregated 13F filings for Q1 2019.