PGIM Global High Yield Fund
GHY
67 hedge funds and large institutions have $267M invested in PGIM Global High Yield Fund in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 18 reducing their positions, and 11 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 18
14% more capital invested
Capital invested by funds: $233M → $267M (+$33.6M)
0.01% less ownership
Funds ownership: 51.18% → 51.17% (-0.01%)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
1% less funds holding
Funds holding: 68 → 67 (-1)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$2.35M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.12M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$2.03M |
| 4 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$1.66M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$1.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
-$3.16M |
| 2 |
Morgan Stanley
New York
|
-$2.42M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$2.41M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.52M |
| 5 |
Goldman Sachs
New York
|
-$818K |
GHY Hedge Fund Activity: Q2 2020 in Review
67 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q2 2020, worth a combined $267M — up 14% from $233M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of GHY and 10 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 26 added.
The largest buyer was Saba Capital Management, adding an estimated $2.35M. The largest seller was Nomura Holdings, cutting an estimated $3.16M.
- 67 institutional investors held PGIM Global High Yield Fund (GHY) as of Q2 2020, down from 68 in Q1 2020.
- Funds reported $267M of PGIM Global High Yield Fund stock for Q2 2020, up 14% quarter-over-quarter.
- 10 funds opened new PGIM Global High Yield Fund positions in Q2 2020 and 11 closed out, a net change of -1 holder.
- The largest PGIM Global High Yield Fund buyer in Q2 2020 was Saba Capital Management, an estimated $2.35M added.
- The largest PGIM Global High Yield Fund seller in Q2 2020 was Nomura Holdings, an estimated $3.16M sold.
Based on aggregated 13F filings for Q2 2020.