Western Asset Emerging Markets Debt Fund
EMD
66 hedge funds and large institutions have $200M invested in Western Asset Emerging Markets Debt Fund in 2015 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 25 reducing their positions, and 16 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
7% more capital invested
Capital invested by funds: $187M → $200M (+$12.8M)
1.13% more ownership
Funds ownership: 30.25% → 31.38% (+1.1%)
11% less funds holding
Funds holding: 74 → 66 (-8)
24% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 25
44% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PMLI
Penn Mutual Life Insurance
Horsham,
Pennsylvania
|
+$3.15M |
| 2 |
Citigroup
New York
|
+$2.68M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.23M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.5M |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.18M |
| 2 |
IMS
Index Management Solutions
Philadelphia,
Pennsylvania
|
-$2.46M |
| 3 |
SG Americas Securities
New York
|
-$1.48M |
| 4 |
Morgan Stanley
New York
|
-$389K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$369K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TC
76
TradeLink Capital
Chicago,
Illinois
| – | -$99K | -6,300 | Closed |
|
|
FNBT
77
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$32K | -2,000 | Closed |
|
78
Creative Planning
Overland Park,
Kansas
| – | -$24K | -1,500 | Closed |
|
79
Envestnet Asset Management
Chicago,
Illinois
| – | -$21K | -1,342 | Closed |
|
|
CFSG
80
Community Financial Services Group
Newport,
Vermont
| – | -$12K | -750 | Closed |
|
|
CCS
81
Crosspoint Capital Strategies
Orinda,
California
| – | -$8K | -500 | Closed |
|
|
WEC
82
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$3.15K | -200 | Closed |
|
EMD Hedge Fund Activity: Q1 2015 in Review
66 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q1 2015, worth a combined $200M — up 6.8% from $187M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of EMD and 9 opened new positions — a net loss of 7 holders — while 25 trimmed existing stakes and 19 added.
The largest buyer was Penn Mutual Life Insurance, adding an estimated $3.15M. The largest seller was Saba Capital Management, cutting an estimated $4.18M.
- 66 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q1 2015, down from 74 in Q4 2014.
- Funds reported $200M of Western Asset Emerging Markets Debt Fund stock for Q1 2015, up 6.8% quarter-over-quarter.
- 9 funds opened new Western Asset Emerging Markets Debt Fund positions in Q1 2015 and 16 closed out, a net change of -7 holders.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q1 2015 was Penn Mutual Life Insurance, an estimated $3.15M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q1 2015 was Saba Capital Management, an estimated $4.18M sold.
Based on aggregated 13F filings for Q1 2015.