Western Asset Emerging Markets Debt Fund
EMD
93 hedge funds and large institutions have $286M invested in Western Asset Emerging Markets Debt Fund in 2021 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 36 increasing their positions, 26 reducing their positions, and 17 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 26
2.71% more ownership
Funds ownership: 32.88% → 35.59% (+2.7%)
3% more capital invested
Capital invested by funds: $278M → $286M (+$8.04M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 17
2% less funds holding
Funds holding: 95 → 93 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$29.9M |
| 2 |
Morgan Stanley
New York
|
+$1.93M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
+$1.3M |
| 4 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$627K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$625K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$7.61M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.31M |
| 3 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
-$1.77M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$902K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$819K |
EMD Hedge Fund Activity: Q1 2021 in Review
93 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q1 2021, worth a combined $286M — up 2.9% from $278M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of EMD and 16 opened new positions — a net loss of 1 holder — while 26 trimmed existing stakes and 36 added.
The largest buyer was Parametric Portfolio Associates, adding an estimated $29.9M. The largest seller was Saba Capital Management, exiting entirely with an estimated $7.61M sold.
- 93 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q1 2021, down from 95 in Q4 2020.
- Funds reported $286M of Western Asset Emerging Markets Debt Fund stock for Q1 2021, up 2.9% quarter-over-quarter.
- 16 funds opened new Western Asset Emerging Markets Debt Fund positions in Q1 2021 and 17 closed out, a net change of -1 holder.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $29.9M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q1 2021 was Saba Capital Management, an estimated $7.61M sold.
Based on aggregated 13F filings for Q1 2021.