Western Asset Emerging Markets Debt Fund
EMD
100 hedge funds and large institutions have $307M invested in Western Asset Emerging Markets Debt Fund in 2018 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 21 increasing their positions, 35 reducing their positions, and 17 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
29% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 17
4% more funds holding
Funds holding: 96 → 100 (+4)
0.38% less ownership
Funds ownership: 41.5% → 41.13% (-0.38%)
9% less capital invested
Capital invested by funds: $339M → $307M (-$31.5M)
40% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.66M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$2.45M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.67M |
| 4 |
CP
Camelot Portfolios
Maumee,
Ohio
|
+$1.43M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$965K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$10.5M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.96M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$1.82M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.49M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.38M |
EMD Hedge Fund Activity: Q4 2018 in Review
100 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q4 2018, worth a combined $307M — down 9.3% from $339M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new EMD positions and 17 closed out — a net gain of 5 holders — while 21 added to existing stakes and 35 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $5.66M. The largest seller was Morgan Stanley, cutting an estimated $10.5M.
- 100 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q4 2018, up from 96 in Q3 2018.
- Funds reported $307M of Western Asset Emerging Markets Debt Fund stock for Q4 2018, down 9.3% quarter-over-quarter.
- 22 funds opened new Western Asset Emerging Markets Debt Fund positions in Q4 2018 and 17 closed out, a net change of +5 holders.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $5.66M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q4 2018 was Morgan Stanley, an estimated $10.5M sold.
Based on aggregated 13F filings for Q4 2018.