Western Asset Emerging Markets
EMD
EMD was delisted on the 16th of December, 2016.
51 hedge funds and large institutions have $112M invested in Western Asset Emerging Markets in 2016 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 14 increasing their positions, 17 reducing their positions, and 8 closing their positions.
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
16% more capital invested
Capital invested by funds: $96.2M → $112M (+$15.8M)
4% more funds holding
Funds holding: 49 → 51 (+2)
18% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$18.9M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.19M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$751K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$656K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$516K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.05M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.98M |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
-$2.23M |
| 4 |
LCM
Laurion Capital Management
New York
|
-$876K |
| 5 |
MM
Midas Management
New York
|
-$732K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MC
51
Matisse Capital
Portland,
Oregon
| – | -$2.23M | -205,788 | Closed |
|
|
LCM
52
Laurion Capital Management
New York
| – | -$876K | -80,767 | Closed |
|
|
MM
53
Midas Management
New York
| – | -$732K | -67,500 | Closed |
|
|
RCM
54
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$655K | -60,418 | Closed |
|
55
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$47K | -4,301 | Closed |
|
|
BCM
56
Blume Capital Management
Berkeley,
California
| – | -$33K | -3,000 | Closed |
|
|
DADC
57
D.A. Davidson & Co
Great Falls,
Montana
| – | -$21K | -2,000 | Closed |
|
|
TJHA
58
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$13K | -1,200 | Closed |
|
EMD Hedge Fund Activity: Q3 2016 in Review
51 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets (EMD) for Q3 2016, worth a combined $112M — up 16% from $96.2M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new EMD positions and 8 closed out — a net gain of 2 holders — while 14 added to existing stakes and 17 trimmed.
The largest buyer was McGowan Group Asset Management, opening a new position worth an estimated $18.9M. The largest seller was Saba Capital Management, cutting an estimated $3.05M.
- 51 institutional investors held Western Asset Emerging Markets (EMD) as of Q3 2016, up from 49 in Q2 2016.
- Funds reported $112M of Western Asset Emerging Markets stock for Q3 2016, up 16% quarter-over-quarter.
- 10 funds opened new Western Asset Emerging Markets positions in Q3 2016 and 8 closed out, a net change of +2 holders.
- The largest Western Asset Emerging Markets buyer in Q3 2016 was McGowan Group Asset Management, an estimated $18.9M added.
- The largest Western Asset Emerging Markets seller in Q3 2016 was Saba Capital Management, an estimated $3.05M sold.
Based on aggregated 13F filings for Q3 2016.