PGIM Global High Yield Fund
GHY
68 hedge funds and large institutions have $233M invested in PGIM Global High Yield Fund in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 23 increasing their positions, 22 reducing their positions, and 9 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
56% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 9
5% more funds holding
Funds holding: 65 → 68 (+3)
2.54% more ownership
Funds ownership: 48.64% → 51.18% (+2.5%)
5% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 22
22% less capital invested
Capital invested by funds: $300M → $233M (-$66.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$19.6M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
+$8.82M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.91M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$2.94M |
| 5 |
RA
RFG Advisory
Birmingham,
Alabama
|
+$2.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$18.1M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$3.66M |
| 3 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$3.38M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.58M |
| 5 |
PFO
Pathstone Family Office
Englewood,
New Jersey
|
-$1.27M |
GHY Hedge Fund Activity: Q1 2020 in Review
68 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q1 2020, worth a combined $233M — down 22% from $300M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new GHY positions and 9 closed out — a net gain of 5 holders — while 23 added to existing stakes and 22 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $19.6M. The largest seller was UBS Group, cutting an estimated $18.1M.
- 68 institutional investors held PGIM Global High Yield Fund (GHY) as of Q1 2020, up from 65 in Q4 2019.
- Funds reported $233M of PGIM Global High Yield Fund stock for Q1 2020, down 22% quarter-over-quarter.
- 14 funds opened new PGIM Global High Yield Fund positions in Q1 2020 and 9 closed out, a net change of +5 holders.
- The largest PGIM Global High Yield Fund buyer in Q1 2020 was Saba Capital Management, an estimated $19.6M added.
- The largest PGIM Global High Yield Fund seller in Q1 2020 was UBS Group, an estimated $18.1M sold.
Based on aggregated 13F filings for Q1 2020.