PGIM Global High Yield Fund
GHY
65 hedge funds and large institutions have $299M invested in PGIM Global High Yield Fund in 2019 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 30 increasing their positions, 17 reducing their positions, and 10 closing their positions.
76% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 17
7% more capital invested
Capital invested by funds: $280M → $299M (+$19.2M)
1.06% more ownership
Funds ownership: 47.58% → 48.65% (+1.1%)
8% less funds holding
Funds holding: 71 → 65 (-6)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$10.2M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.24M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.31M |
| 4 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$3.27M |
| 5 |
Rockefeller Capital Management
New York
|
+$2.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$9.72M |
| 2 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$5.3M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$4.88M |
| 4 |
TSS
Two Sigma Securities
New York
|
-$1.33M |
| 5 |
MSL
Mackay Shields LLC
New York
|
-$785K |
GHY Hedge Fund Activity: Q4 2019 in Review
65 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q4 2019, worth a combined $299M — up 6.9% from $280M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of GHY and 5 opened new positions — a net loss of 5 holders — while 17 trimmed existing stakes and 30 added.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $10.2M. The largest seller was Vident Investment Advisory, exiting entirely with an estimated $9.72M sold.
- 65 institutional investors held PGIM Global High Yield Fund (GHY) as of Q4 2019, down from 71 in Q3 2019.
- Funds reported $299M of PGIM Global High Yield Fund stock for Q4 2019, up 6.9% quarter-over-quarter.
- 5 funds opened new PGIM Global High Yield Fund positions in Q4 2019 and 10 closed out, a net change of -5 holders.
- The largest PGIM Global High Yield Fund buyer in Q4 2019 was Penserra Capital Management, an estimated $10.2M added.
- The largest PGIM Global High Yield Fund seller in Q4 2019 was Vident Investment Advisory, an estimated $9.72M sold.
Based on aggregated 13F filings for Q4 2019.