PGIM Global High Yield Fund
GHY
71 hedge funds and large institutions have $179M invested in PGIM Global High Yield Fund in 2023 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 24 increasing their positions, 28 reducing their positions, and 15 closing their positions.
2.52% less ownership
Funds ownership: 42.24% → 39.72% (-2.5%)
5% less capital invested
Capital invested by funds: $189M → $179M (-$9.76M)
14% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 28
14% less funds holding
Funds holding: 83 → 71 (-12)
73% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.17M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$954K |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
+$653K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$493K |
| 5 |
LPL Financial
San Diego,
California
|
+$337K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.16M |
| 2 |
SCM
Saba Capital Management
New York
|
-$3.73M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$2.09M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.87M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.43M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
76
Wolverine Asset Management
Chicago,
Illinois
| – | -$306K | -27,901 | Closed |
|
|
LCM
77
Landscape Capital Management
Englewood,
New Jersey
| – | -$266K | -24,215 | Closed |
|
|
BA
78
Bridgewater Advisors
New York
| – | -$214K | -19,500 | Closed |
|
|
IWC
79
Integrated Wealth Concepts
Waltham,
Massachusetts
| – | -$173K | -15,756 | Closed |
|
|
BRWA
80
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$164K | -14,941 | Closed |
|
|
HF
81
HRT Financial
New York
| – | -$154K | -14,050 | Closed |
|
|
BAM
82
Belpointe Asset Management
Reno,
Nevada
| – | -$148K | -13,500 | Closed |
|
|
ARC
83
Advisor Resource Council
Dallas,
Texas
| – | -$145K | -12,989 | Closed |
|
84
Jane Street
New York
| – | -$111K | -10,103 | Closed |
|
|
EC
85
Elequin Capital
New York
| – | -$83.5K | -7,613 | Closed |
|
|
ASN
86
Advisory Services Network
Atlanta,
Georgia
| – | -$56.3K | -5,128 | Closed |
|
|
BWA
87
BDO Wealth Advisors
Jacksonville,
Florida
| – | -$23.1K | -2,107 | Closed |
|
88
Fidelity Investments
Boston,
Massachusetts
| – | -$11 | -1 | Closed |
|
GHY Hedge Fund Activity: Q2 2023 in Review
71 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q2 2023, worth a combined $179M — down 5.2% from $189M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of GHY and 4 opened new positions — a net loss of 11 holders — while 28 trimmed existing stakes and 24 added.
The largest buyer was Royal Bank of Canada, adding an estimated $2.17M. The largest seller was Morgan Stanley, cutting an estimated $4.16M.
- 71 institutional investors held PGIM Global High Yield Fund (GHY) as of Q2 2023, down from 83 in Q1 2023.
- Funds reported $179M of PGIM Global High Yield Fund stock for Q2 2023, down 5.2% quarter-over-quarter.
- 4 funds opened new PGIM Global High Yield Fund positions in Q2 2023 and 15 closed out, a net change of -11 holders.
- The largest PGIM Global High Yield Fund buyer in Q2 2023 was Royal Bank of Canada, an estimated $2.17M added.
- The largest PGIM Global High Yield Fund seller in Q2 2023 was Morgan Stanley, an estimated $4.16M sold.
Based on aggregated 13F filings for Q2 2023.