PGIM Global High Yield Fund
GHY
83 hedge funds and large institutions have $190M invested in PGIM Global High Yield Fund in 2023 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 33 reducing their positions, and 12 closing their positions.
2% less capital invested
Capital invested by funds: $194M → $190M (-$3.97M)
1.36% less ownership
Funds ownership: 43.6% → 42.25% (-1.4%)
3% less funds holding
Funds holding: 86 → 83 (-3)
17% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 12
27% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$2.9M |
| 2 |
ACM
Advent Capital Management
New York
|
+$2.28M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$931K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$875K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$734K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.71M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.5M |
| 3 |
GA
GraniteShares Advisors
New York
|
-$2.22M |
| 4 |
SCM
Saba Capital Management
New York
|
-$2.13M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.11M |
GHY Hedge Fund Activity: Q1 2023 in Review
83 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in PGIM Global High Yield Fund (GHY) for Q1 2023, worth a combined $190M — down 2% from $194M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of GHY and 10 opened new positions — a net loss of 2 holders — while 33 trimmed existing stakes and 24 added.
The largest buyer was Credit Suisse, adding an estimated $2.9M. The largest seller was Sit Investment Associates, cutting an estimated $2.71M.
- 83 institutional investors held PGIM Global High Yield Fund (GHY) as of Q1 2023, down from 86 in Q4 2022.
- Funds reported $190M of PGIM Global High Yield Fund stock for Q1 2023, down 2% quarter-over-quarter.
- 10 funds opened new PGIM Global High Yield Fund positions in Q1 2023 and 12 closed out, a net change of -2 holders.
- The largest PGIM Global High Yield Fund buyer in Q1 2023 was Credit Suisse, an estimated $2.9M added.
- The largest PGIM Global High Yield Fund seller in Q1 2023 was Sit Investment Associates, an estimated $2.71M sold.
Based on aggregated 13F filings for Q1 2023.