Western Asset Emerging Markets Debt Fund
EMD
49 hedge funds and large institutions have $102M invested in Western Asset Emerging Markets Debt Fund in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 19 reducing their positions, and 9 closing their positions.
6% more capital invested
Capital invested by funds: $96M → $102M (+$5.71M)
1.17% more ownership
Funds ownership: 18.22% → 19.39% (+1.2%)
0% more funds holding
Funds holding: 49 → 49 (0)
0% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 9
32% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$8.73M |
| 2 |
Morgan Stanley
New York
|
+$2.99M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.3M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.23M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$5.03M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.26M |
| 3 |
MBT
Montecito Bank & Trust
Santa Barbara,
California
|
-$1.12M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$959K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$865K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MBT
51
Montecito Bank & Trust
Santa Barbara,
California
| – | -$1.12M | -60,699 | Closed |
|
|
TC
52
TFS Capital
West Chester,
Pennsylvania
| – | -$776K | -42,157 | Closed |
|
|
RJT
53
Raymond James Trust
St. Petersburg,
Florida
| – | -$252K | -13,679 | Closed |
|
54
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$184K | -10,004 | Closed |
|
|
HNB
55
Huntington National Bank
Columbus,
Ohio
| – | -$18K | -1,004 | Closed |
|
56
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$15K | -825 | Closed |
|
|
TWA
57
TCI Wealth Advisors
Tucson,
Arizona
| – | -$5K | -275 | Closed |
|
|
WC
58
Whitnell & Co
Oak Brook,
Illinois
| – | -$5K | -254 | Closed |
|
|
AC
59
Alexandria Capital
Arlington,
Virginia
| – | -$1K | -69 | Closed |
|
EMD Hedge Fund Activity: Q3 2013 in Review
49 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q3 2013, worth a combined $102M — up 5.9% from $96M a quarter earlier.
Fund positioning in EMD was balanced in Q3 2013: 9 funds opened new positions, 9 closed out, 13 added to existing stakes and 19 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $8.73M. The largest seller was Royal Bank of Canada, cutting an estimated $5.03M.
- 49 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q3 2013, unchanged from Q2 2013.
- Funds reported $102M of Western Asset Emerging Markets Debt Fund stock for Q3 2013, up 5.9% quarter-over-quarter.
- 9 funds opened new Western Asset Emerging Markets Debt Fund positions in Q3 2013 and 9 closed out, a net change of 0 holders.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q3 2013 was Saba Capital Management, an estimated $8.73M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q3 2013 was Royal Bank of Canada, an estimated $5.03M sold.
Based on aggregated 13F filings for Q3 2013.