PGIM Global High Yield Fund
GHY
80 hedge funds and large institutions have $252M invested in PGIM Global High Yield Fund in 2018 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 23 increasing their positions, 28 reducing their positions, and 14 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
21% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 14
8% more capital invested
Capital invested by funds: $233M → $252M (+$19.5M)
6.64% more ownership
Funds ownership: 41.04% → 47.69% (+6.6%)
4% more funds holding
Funds holding: 77 → 80 (+3)
18% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$10.5M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$9.55M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.96M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$4.7M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$3.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$2.75M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.05M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$989K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$962K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$875K |
GHY Hedge Fund Activity: Q4 2018 in Review
80 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q4 2018, worth a combined $252M — up 8.4% from $233M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new GHY positions and 14 closed out — a net gain of 3 holders — while 23 added to existing stakes and 28 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $10.5M. The largest seller was UBS Group, cutting an estimated $2.75M.
- 80 institutional investors held PGIM Global High Yield Fund (GHY) as of Q4 2018, up from 77 in Q3 2018.
- Funds reported $252M of PGIM Global High Yield Fund stock for Q4 2018, up 8.4% quarter-over-quarter.
- 17 funds opened new PGIM Global High Yield Fund positions in Q4 2018 and 14 closed out, a net change of +3 holders.
- The largest PGIM Global High Yield Fund buyer in Q4 2018 was Saba Capital Management, an estimated $10.5M added.
- The largest PGIM Global High Yield Fund seller in Q4 2018 was UBS Group, an estimated $2.75M sold.
Based on aggregated 13F filings for Q4 2018.