Western Asset Emerging Markets Debt Fund
EMD
95 hedge funds and large institutions have $337M invested in Western Asset Emerging Markets Debt Fund in 2019 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 31 increasing their positions, 29 reducing their positions, and 10 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
21% more capital invested
Capital invested by funds: $277M → $337M (+$59.6M)
2% more funds holding
Funds holding: 93 → 95 (+2)
7% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 29
0.39% more ownership
Funds ownership: 38.3% → 38.69% (+0.39%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$10.3M |
| 2 |
BPC
Banque Pictet & Cie
Geneva 73,
Switzerland
|
+$5.21M |
| 3 |
PNAA
Pictet North America Advisors
Geneva 73,
Switzerland
|
+$5.21M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.89M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$9.93M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$7.4M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$1.55M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.51M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
-$822K |
EMD Hedge Fund Activity: Q4 2019 in Review
95 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q4 2019, worth a combined $337M — up 21% from $277M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new EMD positions and 10 closed out — a net gain of 3 holders — while 31 added to existing stakes and 29 trimmed.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $10.3M. The largest seller was Vident Investment Advisory, exiting entirely with an estimated $9.93M sold.
- 95 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q4 2019, up from 93 in Q3 2019.
- Funds reported $337M of Western Asset Emerging Markets Debt Fund stock for Q4 2019, up 21% quarter-over-quarter.
- 13 funds opened new Western Asset Emerging Markets Debt Fund positions in Q4 2019 and 10 closed out, a net change of +3 holders.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q4 2019 was Penserra Capital Management, an estimated $10.3M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q4 2019 was Vident Investment Advisory, an estimated $9.93M sold.
Based on aggregated 13F filings for Q4 2019.