Western Asset Emerging Markets Debt Fund
EMD
95 hedge funds and large institutions have $321M invested in Western Asset Emerging Markets Debt Fund in 2019 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 30 increasing their positions, 30 reducing their positions, and 19 closing their positions.
5% more capital invested
Capital invested by funds: $307M → $321M (+$14.5M)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 30
1.79% less ownership
Funds ownership: 41.13% → 39.34% (-1.8%)
5% less funds holding
Funds holding: 100 → 95 (-5)
26% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$3.01M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.28M |
| 3 |
Morgan Stanley
New York
|
+$2.11M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.77M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$10.1M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$3.73M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$2.84M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.31M |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
-$2.17M |
EMD Hedge Fund Activity: Q1 2019 in Review
95 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q1 2019, worth a combined $321M — up 4.7% from $307M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of EMD and 14 opened new positions — a net loss of 5 holders — while 30 trimmed existing stakes and 30 added.
The largest buyer was UBS Group, adding an estimated $3.01M. The largest seller was Rivernorth Capital Management, cutting an estimated $10.1M.
- 95 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q1 2019, down from 100 in Q4 2018.
- Funds reported $321M of Western Asset Emerging Markets Debt Fund stock for Q1 2019, up 4.7% quarter-over-quarter.
- 14 funds opened new Western Asset Emerging Markets Debt Fund positions in Q1 2019 and 19 closed out, a net change of -5 holders.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q1 2019 was UBS Group, an estimated $3.01M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q1 2019 was Rivernorth Capital Management, an estimated $10.1M sold.
Based on aggregated 13F filings for Q1 2019.