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GHY

PGIM Global High Yield Fund
GHY

70 hedge funds and large institutions have $244M invested in PGIM Global High Yield Fund in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 32 increasing their positions, 22 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 22

0.52% less ownership

Funds ownership: 48.09% → 47.58% (-0.52%)

9% less funds holding

Funds holding: 77 → 70 (-7)

10% less capital invested

Capital invested by funds: $272M → $244M (-$28.1M)

50% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 12

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
70
Holders Change
-7
Holders Change %
-9.09%
% of All Funds
1.52%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
6
Increased
32
Reduced
22
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$4.18M
2
AAM
Advisors Asset Management
Colorado
+$1.73M
3
TJHA
Thomas J. Herzfeld Advisors
Florida
+$1.58M
4
SFS
Shaker Financial Services
Virginia
+$1.4M
5
1CP
1607 Capital Partners
Virginia
+$857K

Top Sellers

Rank Fund Capital Flow
1
KKRC
Kohlberg Kravis Roberts & Co
New York
-$8.77M
2
RJA
Raymond James & Associates
Florida
-$1.52M
3
CCM
Community Capital Management
Florida
-$1.08M
4
MIG
Mariner Investment Group
New York
-$976K
5
Bank of America
Bank of America
North Carolina
-$884K
Name Holding Trade Value Shares
Change 		Change in
Stake
TC
76
Telemus Capital
Michigan
– -$209K -15,000 Closed
RJT
77
Raymond James Trust
Florida
– -$203K -14,552 Closed
AA
78
AQR Arbitrage
Connecticut
– -$176K -12,595 Closed
LNC
79
Lincoln National Corp
Pennsylvania
– -$149K -10,669 Closed
SWM
80
SeaCrest Wealth Management
New York
– -$107K -7,698 Closed
CAM
81
Cresset Asset Management
Illinois
– -$94K -6,750 Closed
AIC
82
Ameritas Investment Company
Nebraska
– -$14K -1,000 Closed
KL
83
KWMG LLC
Kansas
– -$11K -800 Closed
1 2 3
4

GHY Hedge Fund Activity: Q2 2019 in Review

70 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q2 2019, worth a combined $244M — down 10% from $272M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of GHY and 6 opened new positions — a net loss of 6 holders — while 22 trimmed existing stakes and 32 added.

The largest buyer was Sit Investment Associates, adding an estimated $4.18M. The largest seller was Kohlberg Kravis Roberts & Co, exiting entirely with an estimated $8.77M sold.

  • 70 institutional investors held PGIM Global High Yield Fund (GHY) as of Q2 2019, down from 77 in Q1 2019.
  • Funds reported $244M of PGIM Global High Yield Fund stock for Q2 2019, down 10% quarter-over-quarter.
  • 6 funds opened new PGIM Global High Yield Fund positions in Q2 2019 and 12 closed out, a net change of -6 holders.
  • The largest PGIM Global High Yield Fund buyer in Q2 2019 was Sit Investment Associates, an estimated $4.18M added.
  • The largest PGIM Global High Yield Fund seller in Q2 2019 was Kohlberg Kravis Roberts & Co, an estimated $8.77M sold.

Based on aggregated 13F filings for Q2 2019.