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EMD

Western Asset Emerging Markets Debt Fund
EMD

57 hedge funds and large institutions have $96.8M invested in Western Asset Emerging Markets Debt Fund in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 18 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 7

16% more funds holding

Funds holding: 49 → 57 (+8)

0.27% more ownership

Funds ownership: 19.39% → 19.66% (+0.27%)

0% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 18

5% less capital invested

Capital invested by funds: $102M → $96.8M (-$4.87M)

Holders
57
Holders Change
+8
Holders Change %
+16.33%
% of All Funds
1.65%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
18
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$6.04M
2
WAM
Weiss Asset Management
Massachusetts
+$955K
3
PPA
Parametric Portfolio Associates
Washington
+$752K
4
PP
Paloma Partners
Connecticut
+$714K
5
SG Americas Securities
SG Americas Securities
New York
+$657K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$3.22M
2
BTS
BB&T Securities
Virginia
-$2.06M
3
Bank of America
Bank of America
North Carolina
-$1.9M
4
Wells Fargo
Wells Fargo
California
-$1.35M
5
Invesco
Invesco
Georgia
-$1.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
GAM
26
Gould Asset Management
California
$392K +$62K +3,575 +19%
AWA
27
Arete Wealth Advisors
Illinois
$355K +$358K +20,631 New
Barclays
28
Barclays
United Kingdom
$328K +$90.7K +5,227 +37%
CL
29
CSS LLC
Illinois
$300K +$302K +17,428 New
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$258K +$1.84K +106 +0.7%
LCM
31
Landscape Capital Management
New Jersey
$251K +$253K +14,603 New
CIA
32
Capital Investment Advisors
Georgia
$249K +$251K +14,450 New
HCM
33
Hollencrest Capital Management
California
$205K +$208K +11,960 New
OC
34
Oppenheimer & Co
New York
$196K -$148K -8,533 -43%
GEM
35
Global Endowment Management
North Carolina
$172K +$174K +10,000 New
TRCT
36
Tower Research Capital (TRC)
New York
$169K +$167K +9,621 +5,375%
MFS
37
MSI Financial Services
Massachusetts
$143K +$109K +6,309 +318%
US Bancorp
38
US Bancorp
Minnesota
$140K -$152K -8,778 -52%
Deutsche Bank
39
Deutsche Bank
Germany
$94K -$1.12M -64,590 -92%
AP
40
Advisors Preferred
Maryland
$88K +$89.1K +5,134 New
LTFS
41
Ladenburg Thalmann Financial Services
Florida
$87K +$17.6K +1,014 +25%
WA
42
WFG Advisors
Texas
$85K +$3.68K +212 +4%
WT
43
Whittier Trust
California
$69K – – –
MA
44
MUFG Americas
New York
$68K -$531K -30,595 -89%
Citigroup
45
Citigroup
New York
$45K +$22K +1,267 +93%
DAM
46
Delta Asset Management
Tennessee
$23K -$22.9K -1,318 -50%
Creative Planning
47
Creative Planning
Kansas
$21K -$7.71K -444 -27%
RFA
48
Reilly Financial Advisors
California
$19K – – –
Northwestern Mutual Wealth Management
49
Northwestern Mutual Wealth Management
Wisconsin
$14K +$6.92K +399 +92%
PNC Financial Services Group
50
PNC Financial Services Group
Pennsylvania
$14K +$13.9K +800 New
1
2
3

EMD Hedge Fund Activity: Q4 2013 in Review

57 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q4 2013, worth a combined $96.8M — down 4.8% from $102M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new EMD positions and 7 closed out — a net gain of 8 holders — while 18 added to existing stakes and 18 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $6.04M. The largest seller was Morgan Stanley, cutting an estimated $3.22M.

  • 57 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q4 2013, up from 49 in Q3 2013.
  • Funds reported $96.8M of Western Asset Emerging Markets Debt Fund stock for Q4 2013, down 4.8% quarter-over-quarter.
  • 15 funds opened new Western Asset Emerging Markets Debt Fund positions in Q4 2013 and 7 closed out, a net change of +8 holders.
  • The largest Western Asset Emerging Markets Debt Fund buyer in Q4 2013 was Saba Capital Management, an estimated $6.04M added.
  • The largest Western Asset Emerging Markets Debt Fund seller in Q4 2013 was Morgan Stanley, an estimated $3.22M sold.

Based on aggregated 13F filings for Q4 2013.