PGIM Global High Yield Fund
GHY
63 hedge funds and large institutions have $195M invested in PGIM Global High Yield Fund in 2017 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 4 closing their positions.
350% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 4
85% more capital inflows, than outflows
Capital inflows: $23.9M | Capital outflows: $12.9M
26% more funds holding
Funds holding: 50 → 63 (+13)
12% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 17
1.74% more ownership
Funds ownership: 30.27% → 32% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$8.54M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.67M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.41M |
| 4 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.15M |
| 5 |
Vident Investment Advisory
Alpharetta,
Georgia
|
+$1.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Yorktown Management & Research Company
Forest,
Virginia
|
-$4.32M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.29M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.65M |
| 4 |
Citigroup
New York
|
-$934K |
| 5 |
Advisors Asset Management
Monument,
Colorado
|
-$885K |
GHY Hedge Fund Activity: Q2 2017 in Review
63 of the 4,023 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q2 2017, worth a combined $195M — up 5.5% from $184M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new GHY positions and 4 closed out — a net gain of 14 holders — while 19 added to existing stakes and 17 trimmed.
The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $8.54M. The largest seller was Yorktown Management & Research Company, exiting entirely with an estimated $4.32M sold.
- 63 institutional investors held PGIM Global High Yield Fund (GHY) as of Q2 2017, up from 50 in Q1 2017.
- Funds reported $195M of PGIM Global High Yield Fund stock for Q2 2017, up 5.5% quarter-over-quarter.
- 18 funds opened new PGIM Global High Yield Fund positions in Q2 2017 and 4 closed out, a net change of +14 holders.
- The largest PGIM Global High Yield Fund buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $8.54M added.
- The largest PGIM Global High Yield Fund seller in Q2 2017 was Yorktown Management & Research Company, an estimated $4.32M sold.
Based on aggregated 13F filings for Q2 2017.