Western Asset Emerging Markets Debt Fund
EMD
96 hedge funds and large institutions have $339M invested in Western Asset Emerging Markets Debt Fund in 2018 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 34 increasing their positions, 27 reducing their positions, and 14 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 27
7% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 14
3% more capital invested
Capital invested by funds: $329M → $339M (+$10M)
0.77% more ownership
Funds ownership: 40.73% → 41.5% (+0.77%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1% less funds holding
Funds holding: 97 → 96 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$8.56M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$4.17M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$2.5M |
| 4 |
CP
Camelot Portfolios
Maumee,
Ohio
|
+$2M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.77M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.17M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.89M |
| 4 |
SCM
Saba Capital Management
New York
|
-$1.65M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.63M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CF
101
Centaurus Financial
Anaheim,
California
| – | -$252K | -19,017 | Closed |
|
102
Millennium Management
New York
| – | -$230K | -17,300 | Closed |
|
|
WS
103
Wedbush Securities
Los Angeles,
California
| – | -$145K | -10,927 | Closed |
|
|
SKK
104
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| – | -$134K | -10,100 | Closed |
|
|
WT
105
Washington Trust
Westerly,
Rhode Island
| – | -$19K | -1,454 | Closed |
|
106
SEI Investments
Oaks,
Pennsylvania
| – | -$6K | -461 | Closed |
|
|
TCOV
107
Trust Company of Vermont
Brattleboro,
Vermont
| – | -$4K | -310 | Closed |
|
108
Envestnet Asset Management
Chicago,
Illinois
| – | -$3K | -259 | Closed |
|
109
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$3K | -202 | Closed |
|
110
Fidelity Investments
Boston,
Massachusetts
| – | +$13 | +1 | New |
|
EMD Hedge Fund Activity: Q3 2018 in Review
96 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q3 2018, worth a combined $339M — up 3% from $329M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new EMD positions and 14 closed out — a net gain of 1 holder — while 34 added to existing stakes and 27 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $8.56M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $3.77M sold.
- 96 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q3 2018, down from 97 in Q2 2018.
- Funds reported $339M of Western Asset Emerging Markets Debt Fund stock for Q3 2018, up 3% quarter-over-quarter.
- 15 funds opened new Western Asset Emerging Markets Debt Fund positions in Q3 2018 and 14 closed out, a net change of +1 holder.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q3 2018 was Morgan Stanley, an estimated $8.56M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q3 2018 was Sit Investment Associates, an estimated $3.77M sold.
Based on aggregated 13F filings for Q3 2018.