PGIM Global High Yield Fund
GHY
34 hedge funds and large institutions have $109M invested in PGIM Global High Yield Fund in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 6 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 10
0.26% more ownership
Funds ownership: 15.46% → 15.72% (+0.26%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 36 → 34 (-2)
10% less capital invested
Capital invested by funds: $121M → $109M (-$12.1M)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$5.2M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.82M |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$1.64M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.39M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$7.38M |
| 2 |
Jane Street
New York
|
-$1.32M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
-$581K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$559K |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$519K |
GHY Hedge Fund Activity: Q3 2014 in Review
34 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q3 2014, worth a combined $109M — down 10% from $121M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of GHY and 5 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 14 added.
The largest buyer was Bessemer Group, opening a new position worth an estimated $5.2M. The largest seller was Saba Capital Management, cutting an estimated $7.38M.
- 34 institutional investors held PGIM Global High Yield Fund (GHY) as of Q3 2014, down from 36 in Q2 2014.
- Funds reported $109M of PGIM Global High Yield Fund stock for Q3 2014, down 10% quarter-over-quarter.
- 5 funds opened new PGIM Global High Yield Fund positions in Q3 2014 and 6 closed out, a net change of -1 holder.
- The largest PGIM Global High Yield Fund buyer in Q3 2014 was Bessemer Group, an estimated $5.2M added.
- The largest PGIM Global High Yield Fund seller in Q3 2014 was Saba Capital Management, an estimated $7.38M sold.
Based on aggregated 13F filings for Q3 2014.