Western Asset Emerging Markets
EMD
EMD was delisted on the 16th of December, 2016.
52 hedge funds and large institutions have $88.2M invested in Western Asset Emerging Markets in 2015 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 17 reducing their positions, and 9 closing their positions.
5% more capital invested
Capital invested by funds: $84.4M → $88.2M (+$3.81M)
4% less funds holding
Funds holding: 54 → 52 (-2)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
41% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.55M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.46M |
| 3 |
Citigroup
New York
|
+$1.54M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.21M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$2.64M |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.31M |
| 3 |
SG Americas Securities
New York
|
-$913K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$819K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$373K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RFA
51
Reilly Financial Advisors
La Mesa,
California
| $3K | – | – | – |
|
|
NSIM
52
North Star Investment Management
Chicago,
Illinois
| $1K | – | – | – |
|
|
TC
53
TFS Capital
West Chester,
Pennsylvania
| – | -$1.31M | -120,080 | Closed |
|
|
54
SG Americas Securities
New York
| – | -$913K | -83,354 | Closed |
|
|
VKH
55
Virtu KCG Holdings
New York
| – | -$373K | -34,093 | Closed |
|
|
CCM
56
Coe Capital Management
Highland Park,
Illinois
| – | -$219K | -20,000 | Closed |
|
|
CAS
57
CTC Alternative Strategies
Chicago,
Illinois
| – | -$147K | -13,440 | Closed |
|
|
TC
58
TradeLink Capital
Chicago,
Illinois
| – | -$95K | -8,700 | Closed |
|
59
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$17.8K | -1,600 | -100% |
|
|
BRWA
60
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$9 | -806 | Closed |
|
|
MFS
61
MSI Financial Services
Springfield,
Massachusetts
| – | -$4K | -400 | Closed |
|
|
NPC
62
National Planning Corporation
El Segundo,
California
| – | -$2.21K | -200 | Closed |
|
EMD Hedge Fund Activity: Q1 2015 in Review
52 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets (EMD) for Q1 2015, worth a combined $88.2M — up 4.5% from $84.4M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of EMD and 7 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 10 added.
The largest buyer was Advisors Asset Management, adding an estimated $2.55M. The largest seller was Saba Capital Management, cutting an estimated $2.64M.
- 52 institutional investors held Western Asset Emerging Markets (EMD) as of Q1 2015, down from 54 in Q4 2014.
- Funds reported $88.2M of Western Asset Emerging Markets stock for Q1 2015, up 4.5% quarter-over-quarter.
- 7 funds opened new Western Asset Emerging Markets positions in Q1 2015 and 9 closed out, a net change of -2 holders.
- The largest Western Asset Emerging Markets buyer in Q1 2015 was Advisors Asset Management, an estimated $2.55M added.
- The largest Western Asset Emerging Markets seller in Q1 2015 was Saba Capital Management, an estimated $2.64M sold.
Based on aggregated 13F filings for Q1 2015.