Western Asset Emerging Markets Debt Fund
EMD
74 hedge funds and large institutions have $187M invested in Western Asset Emerging Markets Debt Fund in 2014 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 24 increasing their positions, 20 reducing their positions, and 5 closing their positions.
220% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 5
45% more capital invested
Capital invested by funds: $129M → $187M (+$57.9M)
20% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 20
16% more funds holding
Funds holding: 64 → 74 (+10)
4.03% more ownership
Funds ownership: 26.22% → 30.25% (+4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.21M |
| 2 |
PMLI
Penn Mutual Life Insurance
Horsham,
Pennsylvania
|
+$4.2M |
| 3 |
BL
BCWM LLC
Overland Park,
Kansas
|
+$3.02M |
| 4 |
SG Americas Securities
New York
|
+$1.56M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$5.19M |
| 2 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$1.3M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$927K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$909K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$777K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CA
76
Cornerstone Advisors
Asheville,
North Carolina
| – | -$225K | -13,139 | Closed |
|
|
TRCT
77
Tower Research Capital (TRC)
New York
| – | -$103K | -6,000 | Closed |
|
78
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$51K | -3,030 | Closed |
|
|
NFG
79
Next Financial Group
Houston,
Texas
| – | -$27K | -1,603 | Closed |
|
|
MAA
80
Managed Account Advisors
Jersey City,
New Jersey
| – | -$66 | -4 | -50% |
|
EMD Hedge Fund Activity: Q4 2014 in Review
74 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q4 2014, worth a combined $187M — up 45% from $129M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new EMD positions and 5 closed out — a net gain of 11 holders — while 24 added to existing stakes and 20 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $7.21M. The largest seller was Royal Bank of Canada, cutting an estimated $5.19M.
- 74 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q4 2014, up from 64 in Q3 2014.
- Funds reported $187M of Western Asset Emerging Markets Debt Fund stock for Q4 2014, up 45% quarter-over-quarter.
- 16 funds opened new Western Asset Emerging Markets Debt Fund positions in Q4 2014 and 5 closed out, a net change of +11 holders.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q4 2014 was Rivernorth Capital Management, an estimated $7.21M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q4 2014 was Royal Bank of Canada, an estimated $5.19M sold.
Based on aggregated 13F filings for Q4 2014.