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GHY

PGIM Global High Yield Fund
GHY

44 hedge funds and large institutions have $126M invested in PGIM Global High Yield Fund in 2014 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 11 increasing their positions, 11 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

183% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 6

29% more funds holding

Funds holding: 34 → 44 (+10)

16% more capital invested

Capital invested by funds: $109M → $126M (+$17.4M)

3.29% more ownership

Funds ownership: 15.72% → 19% (+3.3%)

0% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 11

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
44
Holders Change
+10
Holders Change %
+29.41%
% of All Funds
1.17%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
17
Increased
11
Reduced
11
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$7.56M
2
TAM
Trust Asset Management
Texas
+$2.93M
3
SG Americas Securities
SG Americas Securities
New York
+$2.19M
4
Invesco
Invesco
Georgia
+$1.39M
5
Bessemer Group
Bessemer Group
New Jersey
+$1.05M

Top Sellers

Rank Fund Capital Flow
1
HIP
Hatteras Investment Partners
North Carolina
-$3.97M
2
SCM
Saba Capital Management
New York
-$3.65M
3
Morgan Stanley
Morgan Stanley
New York
-$3.4M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$1.88M
5
Bank of America
Bank of America
North Carolina
-$1.44M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$38.7M -$3.4M -211,143 -8%
UBS Group
2
UBS Group
Switzerland
$17.7M +$17.9M +1,109,196 New
GC
3
Guggenheim Capital
Illinois
$9.28M +$496K +30,771 +6%
RCM
4
Rivernorth Capital Management
Florida
$7.47M +$7.56M +469,142 New
Bessemer Group
5
Bessemer Group
New Jersey
$5.85M +$1.05M +65,375 +22%
Wells Fargo
6
Wells Fargo
California
$5.75M +$113K +7,037 +2%
Invesco
7
Invesco
Georgia
$5.71M +$1.39M +86,146 +32%
Deutsche Bank
8
Deutsche Bank
Germany
$4.86M -$918K -56,954 -16%
Bank of America
9
Bank of America
North Carolina
$4.47M -$1.44M -89,240 -24%
TAM
10
Trust Asset Management
Texas
$3.37M +$2.93M +181,593 +598%
PAM
11
PT Asset Management
Illinois
$3.13M +$3.17M +196,740 New
CIA
12
Capital Investment Advisors
Georgia
$2.63M +$359K +22,286 +16%
SG Americas Securities
13
SG Americas Securities
New York
$2.16M +$2.19M +135,765 New
BTS
14
BB&T Securities
Virginia
$1.99M – – –
LTFS
15
Ladenburg Thalmann Financial Services
Florida
$1.49M +$905K +56,123 +151%
WAM
16
Wolverine Asset Management
Illinois
$1.26M +$1.04M +64,482 +440%
AQR Capital Management
17
AQR Capital Management
Connecticut
$1.25M +$957K +59,371 +313%
PMLI
18
Penn Mutual Life Insurance
Pennsylvania
$914K +$919K +57,000 New
HNB
19
Huntington National Bank
Ohio
$873K – – –
RJA
20
Raymond James & Associates
Florida
$842K -$344K -21,351 -29%
LPL Financial
21
LPL Financial
California
$794K -$638K -39,565 -44%
AAM
22
Advisors Asset Management
Colorado
$670K -$74K -4,590 -10%
PPA
23
Parametric Portfolio Associates
Washington
$624K +$631K +39,166 New
ICAS
24
Investors Capital Advisory Services
Massachusetts
$509K – – –
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$442K +$52.5K +3,256 +13%
1
2 3

GHY Hedge Fund Activity: Q4 2014 in Review

44 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q4 2014, worth a combined $126M — up 16% from $109M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new GHY positions and 6 closed out — a net gain of 11 holders — while 11 added to existing stakes and 11 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $7.56M. The largest seller was Hatteras Investment Partners, exiting entirely with an estimated $3.97M sold.

  • 44 institutional investors held PGIM Global High Yield Fund (GHY) as of Q4 2014, up from 34 in Q3 2014.
  • Funds reported $126M of PGIM Global High Yield Fund stock for Q4 2014, up 16% quarter-over-quarter.
  • 17 funds opened new PGIM Global High Yield Fund positions in Q4 2014 and 6 closed out, a net change of +11 holders.
  • The largest PGIM Global High Yield Fund buyer in Q4 2014 was Rivernorth Capital Management, an estimated $7.56M added.
  • The largest PGIM Global High Yield Fund seller in Q4 2014 was Hatteras Investment Partners, an estimated $3.97M sold.

Based on aggregated 13F filings for Q4 2014.