PGIM Global High Yield Fund
GHY
55 hedge funds and large institutions have $181M invested in PGIM Global High Yield Fund in 2016 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 18 reducing their positions, and 13 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 18
9% more capital invested
Capital invested by funds: $166M → $181M (+$14.9M)
0.46% more ownership
Funds ownership: 28.59% → 29.05% (+0.46%)
8% less funds holding
Funds holding: 60 → 55 (-5)
23% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$3.38M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.87M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.83M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$1.17M |
| 5 |
EM
EnTrustPermal Management
New York
|
+$1.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.64M |
| 2 |
SCM
Saba Capital Management
New York
|
-$2.05M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.64M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
-$1.63M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.14M |
GHY Hedge Fund Activity: Q1 2016 in Review
55 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q1 2016, worth a combined $181M — up 9% from $166M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of GHY and 10 opened new positions — a net loss of 3 holders — while 18 trimmed existing stakes and 21 added.
The largest buyer was Vident Investment Advisory, adding an estimated $3.38M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.64M.
- 55 institutional investors held PGIM Global High Yield Fund (GHY) as of Q1 2016, down from 60 in Q4 2015.
- Funds reported $181M of PGIM Global High Yield Fund stock for Q1 2016, up 9% quarter-over-quarter.
- 10 funds opened new PGIM Global High Yield Fund positions in Q1 2016 and 13 closed out, a net change of -3 holders.
- The largest PGIM Global High Yield Fund buyer in Q1 2016 was Vident Investment Advisory, an estimated $3.38M added.
- The largest PGIM Global High Yield Fund seller in Q1 2016 was Rivernorth Capital Management, an estimated $3.64M sold.
Based on aggregated 13F filings for Q1 2016.