PGIM Global High Yield Fund
GHY
76 hedge funds and large institutions have $177M invested in PGIM Global High Yield Fund in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 29 increasing their positions, 20 reducing their positions, and 11 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 20
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
3% less funds holding
Funds holding: 78 → 76 (-2)
9.21% less ownership
Funds ownership: 45.37% → 36.17% (-9.2%)
16% less capital invested
Capital invested by funds: $211M → $177M (-$33.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$2.21M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.43M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.35M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.26M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$758K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$37.4M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
-$12.2M |
| 3 |
ARC
Advisor Resource Council
Dallas,
Texas
|
-$866K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$563K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$483K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
AssetMark Inc
Concord,
California
| $1.29K | +$1.25K | +108 | New |
|
|
HNB
77
Huntington National Bank
Columbus,
Ohio
| $12 | – | – | – |
|
|
PCM
78
Penserra Capital Management
Orinda,
California
| – | -$12.2M | -1,072,021 | Closed |
|
|
AA
79
AQR Arbitrage
Greenwich,
Connecticut
| – | -$192K | -16,883 | Closed |
|
|
EC
80
Elequin Capital
New York
| – | -$177K | -15,591 | Closed |
|
|
PMAM
81
Penn Mutual Asset Management
Conshohocken,
Pennsylvania
| – | -$149K | -13,152 | Closed |
|
|
MC
82
Meteora Capital
Boca Raton,
Florida
| – | -$144K | -12,638 | Closed |
|
|
CAS
83
CTC Alternative Strategies
Chicago,
Illinois
| – | -$140K | -12,340 | Closed |
|
84
HighTower Advisors
Chicago,
Illinois
| – | -$137K | -12,005 | Closed |
|
|
RJFSA
85
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$123K | -10,807 | Closed |
|
|
ASN
86
Advisory Services Network
Atlanta,
Georgia
| – | -$57.1K | -5,029 | Closed |
|
|
TC
87
Truvestments Capital
Sarasota,
Florida
| – | -$37.5K | -3,300 | Closed |
|
|
LA
88
LM Advisors
San Diego,
California
| – | -$33.5K | -2,950 | Closed |
|
GHY Hedge Fund Activity: Q1 2024 in Review
76 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q1 2024, worth a combined $177M — down 16% from $211M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of GHY and 10 opened new positions — a net loss of 1 holder — while 20 trimmed existing stakes and 29 added.
The largest buyer was Cetera Investment Advisers, adding an estimated $2.21M. The largest seller was Morgan Stanley, cutting an estimated $37.4M.
- 76 institutional investors held PGIM Global High Yield Fund (GHY) as of Q1 2024, down from 78 in Q4 2023.
- Funds reported $177M of PGIM Global High Yield Fund stock for Q1 2024, down 16% quarter-over-quarter.
- 10 funds opened new PGIM Global High Yield Fund positions in Q1 2024 and 11 closed out, a net change of -1 holder.
- The largest PGIM Global High Yield Fund buyer in Q1 2024 was Cetera Investment Advisers, an estimated $2.21M added.
- The largest PGIM Global High Yield Fund seller in Q1 2024 was Morgan Stanley, an estimated $37.4M sold.
Based on aggregated 13F filings for Q1 2024.