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EMD

Western Asset Emerging Markets Debt Fund
EMD

49 hedge funds and large institutions have $102M invested in Western Asset Emerging Markets Debt Fund in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 19 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $96M → $102M (+$5.71M)

1.17% more ownership

Funds ownership: 18.22% → 19.39% (+1.2%)

0% more funds holding

Funds holding: 49 → 49 (0)

0% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 9

32% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 19

Holders
49
Holders Change
–
Holders Change %
0%
% of All Funds
1.59%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
13
Reduced
19
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$8.73M
2
Morgan Stanley
Morgan Stanley
New York
+$2.99M
3
PPA
Parametric Portfolio Associates
Washington
+$2.3M
4
Deutsche Bank
Deutsche Bank
Germany
+$1.23M
5
WAM
Wolverine Asset Management
Illinois
+$1.13M

Top Sellers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$5.03M
2
Bank of America
Bank of America
North Carolina
-$2.26M
3
MBT
Montecito Bank & Trust
California
-$1.12M
4
GC
Guggenheim Capital
Illinois
-$959K
5
RJA
Raymond James & Associates
Florida
-$865K
Name Holding Trade Value Shares
Change 		Change in
Stake
GAM
26
Gould Asset Management
California
$345K +$20.4K +1,160 +6%
US Bancorp
27
US Bancorp
Minnesota
$303K -$30.2K -1,714 -9%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$267K -$5.51K -313 -2%
Barclays
29
Barclays
United Kingdom
$240K +$67.1K +3,817 +37%
First Trust Advisors
30
First Trust Advisors
Illinois
$237K -$128K -7,285 -35%
Geode Capital Management
31
Geode Capital Management
Massachusetts
$230K – – –
PFO
32
Pathstone Family Office
New Jersey
$124K +$123K +6,986 New
AIG
33
American International Group
New York
$103K -$17.4K -988 -15%
WA
34
WFG Advisors
Texas
$85K -$57.2K -3,250 -41%
Ameriprise
35
Ameriprise
Minnesota
$81K -$30.8K -1,752 -31%
LTFS
36
Ladenburg Thalmann Financial Services
Florida
$73K – – –
WT
37
Whittier Trust
California
$72K – – –
DAM
38
Delta Asset Management
Tennessee
$47K +$1.23K +70 +3%
MFS
39
MSI Financial Services
Massachusetts
$36K – – –
Creative Planning
40
Creative Planning
Kansas
$30K +$3.68K +209 +14%
Citigroup
41
Citigroup
New York
$25K -$447K -25,406 -95%
RIA
42
Regal Investment Advisors
Michigan
$23K +$3.54K +201 +18%
RFA
43
Reilly Financial Advisors
California
$20K – – –
Northwestern Mutual Wealth Management
44
Northwestern Mutual Wealth Management
Wisconsin
$8K – – –
SSB
45
Sandy Spring Bank
Maryland
$5K +$5.28K +300 New
Bessemer Group
46
Bessemer Group
New Jersey
$4K -$3.52K -200 -50%
FAM
47
Formidable Asset Management
Ohio
$3K +$2.99K +170 New
TRCT
48
Tower Research Capital (TRC)
New York
$3K +$3.15K +179 New
BC
49
Bartlett & Co
Ohio
$2K +$2.23K +127 New
GI
50
Gradient Investments
Minnesota
$1K – – –
1
2
3

EMD Hedge Fund Activity: Q3 2013 in Review

49 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q3 2013, worth a combined $102M — up 5.9% from $96M a quarter earlier.

Fund positioning in EMD was balanced in Q3 2013: 9 funds opened new positions, 9 closed out, 13 added to existing stakes and 19 trimmed.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $8.73M. The largest seller was Royal Bank of Canada, cutting an estimated $5.03M.

  • 49 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q3 2013, unchanged from Q2 2013.
  • Funds reported $102M of Western Asset Emerging Markets Debt Fund stock for Q3 2013, up 5.9% quarter-over-quarter.
  • 9 funds opened new Western Asset Emerging Markets Debt Fund positions in Q3 2013 and 9 closed out, a net change of 0 holders.
  • The largest Western Asset Emerging Markets Debt Fund buyer in Q3 2013 was Saba Capital Management, an estimated $8.73M added.
  • The largest Western Asset Emerging Markets Debt Fund seller in Q3 2013 was Royal Bank of Canada, an estimated $5.03M sold.

Based on aggregated 13F filings for Q3 2013.