PGIM Global High Yield Fund
GHY
36 hedge funds and large institutions have $121M invested in PGIM Global High Yield Fund in 2014 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
13% more funds holding
Funds holding: 32 → 36 (+4)
1.72% less ownership
Funds ownership: 17.18% → 15.46% (-1.7%)
7% less capital invested
Capital invested by funds: $130M → $121M (-$8.73M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$7.95M |
| 2 |
Morgan Stanley
New York
|
+$2.59M |
| 3 |
Jane Street
New York
|
+$1.3M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$911K |
| 5 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$850K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$23.3M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.68M |
| 3 |
TAM
Third Avenue Management
New York
|
-$2.24M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$727K |
| 5 |
DWT
Dorsey & Whitney Trust
Sioux Falls,
South Dakota
|
-$191K |
GHY Hedge Fund Activity: Q2 2014 in Review
36 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q2 2014, worth a combined $121M — down 6.7% from $130M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new GHY positions and 4 closed out — a net gain of 4 holders — while 13 added to existing stakes and 10 trimmed.
The largest buyer was Guggenheim Capital, opening a new position worth an estimated $7.95M. The largest seller was Saba Capital Management, cutting an estimated $23.3M.
- 36 institutional investors held PGIM Global High Yield Fund (GHY) as of Q2 2014, up from 32 in Q1 2014.
- Funds reported $121M of PGIM Global High Yield Fund stock for Q2 2014, down 6.7% quarter-over-quarter.
- 8 funds opened new PGIM Global High Yield Fund positions in Q2 2014 and 4 closed out, a net change of +4 holders.
- The largest PGIM Global High Yield Fund buyer in Q2 2014 was Guggenheim Capital, an estimated $7.95M added.
- The largest PGIM Global High Yield Fund seller in Q2 2014 was Saba Capital Management, an estimated $23.3M sold.
Based on aggregated 13F filings for Q2 2014.