PGIM Global High Yield Fund
GHY
60 hedge funds and large institutions have $166M invested in PGIM Global High Yield Fund in 2015 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 22 increasing their positions, 11 reducing their positions, and 8 closing their positions.
200% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 8
100% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 11
36% more funds holding
Funds holding: 44 → 60 (+16)
25% more capital invested
Capital invested by funds: $132M → $166M (+$33.7M)
5.57% more ownership
Funds ownership: 23.02% → 28.59% (+5.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$9.42M |
| 2 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$4.95M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$4.61M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$3.33M |
| 5 |
KIG
Kovitz Investment Group
Chicago,
Illinois
|
+$2.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$6.71M |
| 2 |
Goldman Sachs
New York
|
-$1.8M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$1.44M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.37M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$865K |
GHY Hedge Fund Activity: Q4 2015 in Review
60 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q4 2015, worth a combined $166M — up 25% from $132M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new GHY positions and 8 closed out — a net gain of 16 holders — while 22 added to existing stakes and 11 trimmed.
The largest buyer was JP Morgan Chase, opening a new position worth an estimated $9.42M. The largest seller was Morgan Stanley, cutting an estimated $6.71M.
- 60 institutional investors held PGIM Global High Yield Fund (GHY) as of Q4 2015, up from 44 in Q3 2015.
- Funds reported $166M of PGIM Global High Yield Fund stock for Q4 2015, up 25% quarter-over-quarter.
- 24 funds opened new PGIM Global High Yield Fund positions in Q4 2015 and 8 closed out, a net change of +16 holders.
- The largest PGIM Global High Yield Fund buyer in Q4 2015 was JP Morgan Chase, an estimated $9.42M added.
- The largest PGIM Global High Yield Fund seller in Q4 2015 was Morgan Stanley, an estimated $6.71M sold.
Based on aggregated 13F filings for Q4 2015.