Western Asset Emerging Markets Debt Fund
EMD
57 hedge funds and large institutions have $96.8M invested in Western Asset Emerging Markets Debt Fund in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 18 increasing their positions, 18 reducing their positions, and 7 closing their positions.
114% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 7
16% more funds holding
Funds holding: 49 → 57 (+8)
0.27% more ownership
Funds ownership: 19.39% → 19.66% (+0.27%)
0% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 18
5% less capital invested
Capital invested by funds: $102M → $96.8M (-$4.87M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$6.04M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$955K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$752K |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$714K |
| 5 |
SG Americas Securities
New York
|
+$657K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.22M |
| 2 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$2.06M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.9M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.35M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$1.13M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WEC
51
Winslow Evans & Crocker
Boston,
Massachusetts
| $14K | +$14.3K | +825 | New |
|
|
AIG
52
American International Group
New York
| $6.02K | -$93.9K | -5,409 | -94% |
|
|
NES
53
New England Securities
New York
| $5K | +$5.21K | +300 | New |
|
54
Bessemer Group
Woodbridge,
New Jersey
| $3K | – | – | – |
|
|
FAM
55
Formidable Asset Management
Cincinnati,
Ohio
| $3K | – | – | – |
|
|
DADC
56
D.A. Davidson & Co
Great Falls,
Montana
| $2K | +$2.03K | +117 | New |
|
|
GI
57
Gradient Investments
Arden Hills,
Minnesota
| $1K | – | – | – |
|
58
First Trust Advisors
Wheaton,
Illinois
| – | -$237K | -13,238 | Closed |
|
|
BTS
59
BB&T Securities
Richmond,
Virginia
| – | -$2.06M | -11,500 | Closed |
|
|
PFO
60
Pathstone Family Office
Englewood,
New Jersey
| – | -$124K | -6,986 | Closed |
|
61
Ameriprise
Minneapolis,
Minnesota
| – | -$81K | -3,820 | Closed |
|
|
RIA
62
Regal Investment Advisors
Kentwood,
Michigan
| – | -$23K | -1,301 | Closed |
|
|
SSB
63
Sandy Spring Bank
Olney,
Maryland
| – | -$5K | -300 | Closed |
|
|
BC
64
Bartlett & Co
Cincinnati,
Ohio
| – | -$2K | -127 | Closed |
|
EMD Hedge Fund Activity: Q4 2013 in Review
57 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q4 2013, worth a combined $96.8M — down 4.8% from $102M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new EMD positions and 7 closed out — a net gain of 8 holders — while 18 added to existing stakes and 18 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $6.04M. The largest seller was Morgan Stanley, cutting an estimated $3.22M.
- 57 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q4 2013, up from 49 in Q3 2013.
- Funds reported $96.8M of Western Asset Emerging Markets Debt Fund stock for Q4 2013, down 4.8% quarter-over-quarter.
- 15 funds opened new Western Asset Emerging Markets Debt Fund positions in Q4 2013 and 7 closed out, a net change of +8 holders.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q4 2013 was Saba Capital Management, an estimated $6.04M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q4 2013 was Morgan Stanley, an estimated $3.22M sold.
Based on aggregated 13F filings for Q4 2013.