PGIM Global High Yield Fund
GHY
70 hedge funds and large institutions have $244M invested in PGIM Global High Yield Fund in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 32 increasing their positions, 22 reducing their positions, and 12 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 22
0.52% less ownership
Funds ownership: 48.09% → 47.58% (-0.52%)
9% less funds holding
Funds holding: 77 → 70 (-7)
10% less capital invested
Capital invested by funds: $272M → $244M (-$28.1M)
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.18M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.73M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.58M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.4M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$857K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KKRC
Kohlberg Kravis Roberts & Co
New York
|
-$8.77M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.52M |
| 3 |
CCM
Community Capital Management
Plantation,
Florida
|
-$1.08M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$976K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$884K |
GHY Hedge Fund Activity: Q2 2019 in Review
70 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q2 2019, worth a combined $244M — down 10% from $272M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of GHY and 6 opened new positions — a net loss of 6 holders — while 22 trimmed existing stakes and 32 added.
The largest buyer was Sit Investment Associates, adding an estimated $4.18M. The largest seller was Kohlberg Kravis Roberts & Co, exiting entirely with an estimated $8.77M sold.
- 70 institutional investors held PGIM Global High Yield Fund (GHY) as of Q2 2019, down from 77 in Q1 2019.
- Funds reported $244M of PGIM Global High Yield Fund stock for Q2 2019, down 10% quarter-over-quarter.
- 6 funds opened new PGIM Global High Yield Fund positions in Q2 2019 and 12 closed out, a net change of -6 holders.
- The largest PGIM Global High Yield Fund buyer in Q2 2019 was Sit Investment Associates, an estimated $4.18M added.
- The largest PGIM Global High Yield Fund seller in Q2 2019 was Kohlberg Kravis Roberts & Co, an estimated $8.77M sold.
Based on aggregated 13F filings for Q2 2019.