Western Asset Emerging Markets Debt Fund
EMD
87 hedge funds and large institutions have $244M invested in Western Asset Emerging Markets Debt Fund in 2020 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 29 increasing their positions, 29 reducing their positions, and 12 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
0% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 29
8% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 12
1% less funds holding
Funds holding: 88 → 87 (-1)
4.07% less ownership
Funds ownership: 36.64% → 32.57% (-4.1%)
10% less capital invested
Capital invested by funds: $272M → $244M (-$28.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$644K |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
+$584K |
| 3 |
JG
Jefferies Group
New York
|
+$510K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$491K |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$238K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPC
Banque Pictet & Cie
Geneva 73,
Switzerland
|
-$8.22M |
| 2 |
PNAA
Pictet North America Advisors
Geneva 73,
Switzerland
|
-$8.22M |
| 3 |
SCM
Saba Capital Management
New York
|
-$4.68M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.83M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.5M |
EMD Hedge Fund Activity: Q3 2020 in Review
87 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q3 2020, worth a combined $244M — down 10% from $272M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of EMD and 11 opened new positions — a net loss of 1 holder — while 29 trimmed existing stakes and 29 added.
The largest buyer was Morgan Stanley, adding an estimated $644K. The largest seller was Banque Pictet & Cie, exiting entirely with an estimated $8.22M sold.
- 87 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q3 2020, down from 88 in Q2 2020.
- Funds reported $244M of Western Asset Emerging Markets Debt Fund stock for Q3 2020, down 10% quarter-over-quarter.
- 11 funds opened new Western Asset Emerging Markets Debt Fund positions in Q3 2020 and 12 closed out, a net change of -1 holder.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q3 2020 was Morgan Stanley, an estimated $644K added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q3 2020 was Banque Pictet & Cie, an estimated $8.22M sold.
Based on aggregated 13F filings for Q3 2020.