PGIM Global High Yield Fund
GHY
81 hedge funds and large institutions have $323M invested in PGIM Global High Yield Fund in 2021 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 41 increasing their positions, 21 reducing their positions, and 10 closing their positions.
95% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 21
6% more capital invested
Capital invested by funds: $304M → $323M (+$18.9M)
0.28% less ownership
Funds ownership: 49.8% → 49.52% (-0.28%)
4% less funds holding
Funds holding: 84 → 81 (-3)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$3.98M |
| 2 |
Cohen & Steers
New York
|
+$3.62M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.04M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$2M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$11M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$4.12M |
| 3 |
PMAM
Penn Mutual Asset Management
Conshohocken,
Pennsylvania
|
-$2.34M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$2.33M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.27M |
GHY Hedge Fund Activity: Q2 2021 in Review
81 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q2 2021, worth a combined $323M — up 6.2% from $304M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of GHY and 7 opened new positions — a net loss of 3 holders — while 21 trimmed existing stakes and 41 added.
The largest buyer was Penserra Capital Management, adding an estimated $3.98M. The largest seller was Saba Capital Management, cutting an estimated $11M.
- 81 institutional investors held PGIM Global High Yield Fund (GHY) as of Q2 2021, down from 84 in Q1 2021.
- Funds reported $323M of PGIM Global High Yield Fund stock for Q2 2021, up 6.2% quarter-over-quarter.
- 7 funds opened new PGIM Global High Yield Fund positions in Q2 2021 and 10 closed out, a net change of -3 holders.
- The largest PGIM Global High Yield Fund buyer in Q2 2021 was Penserra Capital Management, an estimated $3.98M added.
- The largest PGIM Global High Yield Fund seller in Q2 2021 was Saba Capital Management, an estimated $11M sold.
Based on aggregated 13F filings for Q2 2021.