Western Asset Emerging Markets Debt Fund
EMD
88 hedge funds and large institutions have $272M invested in Western Asset Emerging Markets Debt Fund in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 34 increasing their positions, 31 reducing their positions, and 13 closing their positions.
15% more capital invested
Capital invested by funds: $236M → $272M (+$36.2M)
10% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 31
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.25% less ownership
Funds ownership: 36.89% → 36.64% (-0.25%)
5% less funds holding
Funds holding: 93 → 88 (-5)
38% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.39M |
| 2 |
SCM
Saba Capital Management
New York
|
+$1.86M |
| 3 |
6M
6 Meridian
Wichita,
Kansas
|
+$1.02M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$780K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$752K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.66M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.97M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$1.37M |
| 4 |
Goldman Sachs
New York
|
-$1.24M |
| 5 |
BPC
Banque Pictet & Cie
Geneva 73,
Switzerland
|
-$649K |
EMD Hedge Fund Activity: Q2 2020 in Review
88 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q2 2020, worth a combined $272M — up 15% from $236M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of EMD and 8 opened new positions — a net loss of 5 holders — while 31 trimmed existing stakes and 34 added.
The largest buyer was Wells Fargo, adding an estimated $2.39M. The largest seller was Morgan Stanley, cutting an estimated $3.66M.
- 88 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q2 2020, down from 93 in Q1 2020.
- Funds reported $272M of Western Asset Emerging Markets Debt Fund stock for Q2 2020, up 15% quarter-over-quarter.
- 8 funds opened new Western Asset Emerging Markets Debt Fund positions in Q2 2020 and 13 closed out, a net change of -5 holders.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q2 2020 was Wells Fargo, an estimated $2.39M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q2 2020 was Morgan Stanley, an estimated $3.66M sold.
Based on aggregated 13F filings for Q2 2020.