Western Asset Emerging Markets
EMD
EMD was delisted on the 16th of December, 2016.
50 hedge funds and large institutions have $96.9M invested in Western Asset Emerging Markets in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 19 increasing their positions, 14 reducing their positions, and 9 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 14
5% more capital invested
Capital invested by funds: $92.4M → $96.9M (+$4.5M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
11% less funds holding
Funds holding: 56 → 50 (-6)
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$7.41M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$783K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$435K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$366K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$324K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.53M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
-$1.34M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$933K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$906K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$760K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CA
51
Cornerstone Advisors
Asheville,
North Carolina
| – | -$933K | -95,905 | Closed |
|
|
DA
52
Doliver Advisors
Houston,
Texas
| – | -$760K | -78,135 | Closed |
|
53
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$710K | -72,957 | Closed |
|
54
Squarepoint
New York
| – | -$452K | -46,492 | Closed |
|
|
WAM
55
Weiss Asset Management
Boston,
Massachusetts
| – | -$358K | -36,760 | Closed |
|
|
VKH
56
Virtu KCG Holdings
New York
| – | -$301K | -30,898 | Closed |
|
|
SBIA
57
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
| – | -$296K | -30,409 | Closed |
|
|
FAAS
58
First Allied Advisory Services
San Diego,
California
| – | -$157K | -16,282 | Closed |
|
|
WEC
59
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$4.38K | -450 | Closed |
|
EMD Hedge Fund Activity: Q1 2016 in Review
50 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets (EMD) for Q1 2016, worth a combined $96.9M — up 4.9% from $92.4M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of EMD and 3 opened new positions — a net loss of 6 holders — while 14 trimmed existing stakes and 19 added.
The largest buyer was Saba Capital Management, adding an estimated $7.41M. The largest seller was Advisors Asset Management, cutting an estimated $1.53M.
- 50 institutional investors held Western Asset Emerging Markets (EMD) as of Q1 2016, down from 56 in Q4 2015.
- Funds reported $96.9M of Western Asset Emerging Markets stock for Q1 2016, up 4.9% quarter-over-quarter.
- 3 funds opened new Western Asset Emerging Markets positions in Q1 2016 and 9 closed out, a net change of -6 holders.
- The largest Western Asset Emerging Markets buyer in Q1 2016 was Saba Capital Management, an estimated $7.41M added.
- The largest Western Asset Emerging Markets seller in Q1 2016 was Advisors Asset Management, an estimated $1.53M sold.
Based on aggregated 13F filings for Q1 2016.