Western Asset Emerging Markets Debt Fund
EMD
94 hedge funds and large institutions have $325M invested in Western Asset Emerging Markets Debt Fund in 2017 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 40 increasing their positions, 18 reducing their positions, and 12 closing their positions.
122% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 18
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
17% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 12
1% more funds holding
Funds holding: 93 → 94 (+1)
1% more capital invested
Capital invested by funds: $321M → $325M (+$4.1M)
0.08% more ownership
Funds ownership: 33.9% → 33.98% (+0.08%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.94M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$3.32M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$2.93M |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
+$2.68M |
| 5 |
BI
Bramshill Investments
Naples,
Florida
|
+$2.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$17.9M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.39M |
| 3 |
Citigroup
New York
|
-$1.06M |
| 4 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$1.02M |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$968K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
SEI Investments
Oaks,
Pennsylvania
| – | -$20K | -1,256 | Closed |
|
|
MA
102
MUFG Americas
New York
| – | -$19K | -1,201 | Closed |
|
|
JCM
103
Jacobi Capital Management
Pittston,
Pennsylvania
| – | -$9K | -579 | Closed |
|
|
CPA
104
Clear Perspective Advisors
Aurora,
Illinois
| – | -$7K | -474 | Closed |
|
|
NA
105
NewEdge Advisors
New Orleans,
Louisiana
| – | -$3.32K | -214 | Closed |
|
|
TRCT
106
Tower Research Capital (TRC)
New York
| – | -$3K | -200 | Closed |
|
|
VWA
107
V Wealth Advisors
Overland Park,
Kansas
| – | -$3K | -155 | Closed |
|
EMD Hedge Fund Activity: Q3 2017 in Review
94 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q3 2017, worth a combined $325M — up 1.3% from $321M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new EMD positions and 12 closed out — a net gain of 2 holders — while 40 added to existing stakes and 18 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $5.94M. The largest seller was Saba Capital Management, cutting an estimated $17.9M.
- 94 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q3 2017, up from 93 in Q2 2017.
- Funds reported $325M of Western Asset Emerging Markets Debt Fund stock for Q3 2017, up 1.3% quarter-over-quarter.
- 14 funds opened new Western Asset Emerging Markets Debt Fund positions in Q3 2017 and 12 closed out, a net change of +2 holders.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q3 2017 was Morgan Stanley, an estimated $5.94M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q3 2017 was Saba Capital Management, an estimated $17.9M sold.
Based on aggregated 13F filings for Q3 2017.