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EMD

Western Asset Emerging Markets Debt Fund
EMD

93 hedge funds and large institutions have $236M invested in Western Asset Emerging Markets Debt Fund in 2020 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 28 increasing their positions, 30 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 20

7% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 30

1.8% less ownership

Funds ownership: 38.69% → 36.89% (-1.8%)

2% less funds holding

Funds holding: 95 → 93 (-2)

30% less capital invested

Capital invested by funds: $337M → $236M (-$101M)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
93
Holders Change
-2
Holders Change %
-2.11%
% of All Funds
2.05%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
20
Increased
28
Reduced
30
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$14.9M
2
BPC
Banque Pictet & Cie
Switzerland
+$4.77M
3
PNAA
Pictet North America Advisors
Switzerland
+$4.77M
4
Wells Fargo
Wells Fargo
California
+$2.6M
5
Goldman Sachs
Goldman Sachs
New York
+$1.73M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$19.7M
2
RCM
Rivernorth Capital Management
Florida
-$16.5M
3
Morgan Stanley
Morgan Stanley
New York
-$6.88M
4
PFO
Pathstone Family Office
New Jersey
-$1.31M
5
PCM
PenderFund Capital Management
British Columbia, Canada
-$1.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
26
Goldman Sachs
New York
$1.34M +$1.73M +127,420 New
MC
27
Matisse Capital
Oregon
$1.1M +$1.42M +104,938 New
LCM
28
Landscape Capital Management
New Jersey
$998K +$140K +10,320 +12%
BCI
29
Brinker Capital Investments
Pennsylvania
$993K -$430K -31,716 -25%
RJFSA
30
Raymond James Financial Services Advisors
Florida
$844K +$118K +8,680 +12%
CRC
31
Curi RMB Capital
Illinois
$718K +$926K +68,200 New
PAS
32
Park Avenue Securities
New York
$683K +$562K +41,423 +176%
SIC
33
Samalin Investment Counsel
New York
$575K +$6.39K +471 +0.9%
BI
34
Bramshill Investments
Florida
$546K -$2.97K -219 -0.4%
Envestnet Asset Management
35
Envestnet Asset Management
Illinois
$538K +$693K +51,059 New
Janney Montgomery Scott
36
Janney Montgomery Scott
Pennsylvania
$511K +$22.3K +1,640 +3%
Citadel Advisors
37
Citadel Advisors
Florida
$506K +$652K +48,045 New
Osaic Holdings
38
Osaic Holdings
Arizona
$459K +$593K +43,660 New
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$454K +$158K +11,643 +37%
SC
40
Stolper & Co
Oklahoma
$398K +$513K +37,822 New
DADC
41
D.A. Davidson & Co
Montana
$369K -$85.1K -6,269 -15%
Thrivent Financial for Lutherans
42
Thrivent Financial for Lutherans
Minnesota
$366K +$472K +34,800 New
Mirae Asset Global Investments
43
Mirae Asset Global Investments
South Korea
$365K -$178K -13,134 -27%
CL
44
CSS LLC
Illinois
$358K – – –
QCIG
45
Quad-Cities Investment Group
Iowa
$358K +$1.48K +109 +0.3%
ACP
46
Aviance Capital Partners
Florida
$344K +$6.42K +473 +1%
OPS
47
Orion Portfolio Solutions
Nebraska
$311K +$400K +29,494 New
MAFM
48
Mid Atlantic Financial Management
Pennsylvania
$303K -$443K -32,641 -53%
SI
49
Stephens Inc
Arkansas
$282K +$14.8K +1,091 +4%
CHAM
50
Clear Harbor Asset Management
Connecticut
$273K – – –
1
2
3 4 5

EMD Hedge Fund Activity: Q1 2020 in Review

93 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q1 2020, worth a combined $236M — down 30% from $337M a quarter earlier.

Fund positioning in EMD was balanced in Q1 2020: 20 funds opened new positions, 20 closed out, 28 added to existing stakes and 30 trimmed.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $14.9M. The largest seller was UBS Group, cutting an estimated $19.7M.

  • 93 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q1 2020, down from 95 in Q4 2019.
  • Funds reported $236M of Western Asset Emerging Markets Debt Fund stock for Q1 2020, down 30% quarter-over-quarter.
  • 20 funds opened new Western Asset Emerging Markets Debt Fund positions in Q1 2020 and 20 closed out, a net change of 0 holders.
  • The largest Western Asset Emerging Markets Debt Fund buyer in Q1 2020 was Saba Capital Management, an estimated $14.9M added.
  • The largest Western Asset Emerging Markets Debt Fund seller in Q1 2020 was UBS Group, an estimated $19.7M sold.

Based on aggregated 13F filings for Q1 2020.