Western Asset Emerging Markets Debt Fund
EMD
94 hedge funds and large institutions have $285M invested in Western Asset Emerging Markets Debt Fund in 2021 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 36 increasing their positions, 26 reducing their positions, and 16 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 26
0.42% less ownership
Funds ownership: 34.95% → 34.53% (-0.42%)
4% less capital invested
Capital invested by funds: $297M → $285M (-$11.8M)
6% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 16
2% less funds holding
Funds holding: 96 → 94 (-2)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$2.92M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.94M |
| 3 |
6M
6 Meridian
Wichita,
Kansas
|
+$1.38M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.29M |
| 5 |
Morgan Stanley
New York
|
+$848K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$6.17M |
| 2 |
PMAM
Penn Mutual Asset Management
Conshohocken,
Pennsylvania
|
-$4.89M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.73M |
| 4 |
CP
Camelot Portfolios
Maumee,
Ohio
|
-$758K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$673K |
EMD Hedge Fund Activity: Q3 2021 in Review
94 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q3 2021, worth a combined $285M — down 4% from $297M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of EMD and 15 opened new positions — a net loss of 1 holder — while 26 trimmed existing stakes and 36 added.
The largest buyer was Cohen & Steers, opening a new position worth an estimated $2.92M. The largest seller was Penserra Capital Management, cutting an estimated $6.17M.
- 94 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q3 2021, down from 96 in Q2 2021.
- Funds reported $285M of Western Asset Emerging Markets Debt Fund stock for Q3 2021, down 4% quarter-over-quarter.
- 15 funds opened new Western Asset Emerging Markets Debt Fund positions in Q3 2021 and 16 closed out, a net change of -1 holder.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q3 2021 was Cohen & Steers, an estimated $2.92M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q3 2021 was Penserra Capital Management, an estimated $6.17M sold.
Based on aggregated 13F filings for Q3 2021.