PGIM Global High Yield Fund
GHY
57 hedge funds and large institutions have $179M invested in PGIM Global High Yield Fund in 2016 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 22 increasing their positions, 12 reducing their positions, and 8 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 12
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
10% more funds holding
Funds holding: 52 → 57 (+5)
0.3% more ownership
Funds ownership: 28.59% → 28.9% (+0.3%)
2% less capital invested
Capital invested by funds: $182M → $179M (-$2.87M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$4.72M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.13M |
| 3 |
AMH
Apollo Management Holdings
New York
|
+$3.73M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$3.03M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$7.45M |
| 2 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$7.21M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.82M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.35M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$830K |
GHY Hedge Fund Activity: Q4 2016 in Review
57 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q4 2016, worth a combined $179M — down 1.6% from $182M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new GHY positions and 8 closed out — a net gain of 5 holders — while 22 added to existing stakes and 12 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $4.72M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $7.45M sold.
- 57 institutional investors held PGIM Global High Yield Fund (GHY) as of Q4 2016, up from 52 in Q3 2016.
- Funds reported $179M of PGIM Global High Yield Fund stock for Q4 2016, down 1.6% quarter-over-quarter.
- 13 funds opened new PGIM Global High Yield Fund positions in Q4 2016 and 8 closed out, a net change of +5 holders.
- The largest PGIM Global High Yield Fund buyer in Q4 2016 was Laurion Capital Management, an estimated $4.72M added.
- The largest PGIM Global High Yield Fund seller in Q4 2016 was Parametric Portfolio Associates, an estimated $7.45M sold.
Based on aggregated 13F filings for Q4 2016.