PGIM Global High Yield Fund
GHY
65 hedge funds and large institutions have $214M invested in PGIM Global High Yield Fund in 2018 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 27 increasing their positions, 21 reducing their positions, and 11 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 21
5% more capital invested
Capital invested by funds: $204M → $214M (+$10.5M)
2.02% more ownership
Funds ownership: 35.64% → 37.66% (+2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less funds holding
Funds holding: 70 → 65 (-5)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$6.54M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$6.41M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$3.08M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.75M |
| 5 |
Morgan Stanley
New York
|
+$2.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$10.4M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$1.08M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$969K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$803K |
| 5 |
Millennium Management
New York
|
-$736K |
GHY Hedge Fund Activity: Q1 2018 in Review
65 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q1 2018, worth a combined $214M — up 5.2% from $204M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of GHY and 6 opened new positions — a net loss of 5 holders — while 21 trimmed existing stakes and 27 added.
The largest buyer was Saba Capital Management, adding an estimated $6.54M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $10.4M sold.
- 65 institutional investors held PGIM Global High Yield Fund (GHY) as of Q1 2018, down from 70 in Q4 2017.
- Funds reported $214M of PGIM Global High Yield Fund stock for Q1 2018, up 5.2% quarter-over-quarter.
- 6 funds opened new PGIM Global High Yield Fund positions in Q1 2018 and 11 closed out, a net change of -5 holders.
- The largest PGIM Global High Yield Fund buyer in Q1 2018 was Saba Capital Management, an estimated $6.54M added.
- The largest PGIM Global High Yield Fund seller in Q1 2018 was Laurion Capital Management, an estimated $10.4M sold.
Based on aggregated 13F filings for Q1 2018.