Western Asset Emerging Markets Debt Fund
EMD
93 hedge funds and large institutions have $236M invested in Western Asset Emerging Markets Debt Fund in 2020 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 28 increasing their positions, 30 reducing their positions, and 20 closing their positions.
0% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 20
7% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 30
1.8% less ownership
Funds ownership: 38.69% → 36.89% (-1.8%)
2% less funds holding
Funds holding: 95 → 93 (-2)
30% less capital invested
Capital invested by funds: $337M → $236M (-$101M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$14.9M |
| 2 |
BPC
Banque Pictet & Cie
Geneva 73,
Switzerland
|
+$4.77M |
| 3 |
PNAA
Pictet North America Advisors
Geneva 73,
Switzerland
|
+$4.77M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$2.6M |
| 5 |
Goldman Sachs
New York
|
+$1.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$19.7M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$16.5M |
| 3 |
Morgan Stanley
New York
|
-$6.88M |
| 4 |
PFO
Pathstone Family Office
Englewood,
New Jersey
|
-$1.31M |
| 5 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
-$1.12M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VCM
101
Virtue Capital Management
Brentwood,
Tennessee
| – | -$319K | -22,328 | Closed |
|
102
Geode Capital Management
Boston,
Massachusetts
| – | -$275K | -19,275 | Closed |
|
|
PAG
103
Private Advisor Group
Morristown,
New Jersey
| – | -$242K | -16,991 | Closed |
|
|
FCA
104
FLC Capital Advisors
Palm Desert,
California
| – | -$169K | -11,857 | Closed |
|
|
RIG
105
Roosevelt Investment Group
New York
| – | -$154K | -10,778 | Closed |
|
|
PFO
106
Pathstone Family Office
Englewood,
New Jersey
| – | -$1.31M | -9,155 | Closed |
|
107
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$43K | -3,044 | Closed |
|
108
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$33K | -2,289 | Closed |
|
|
CDIA
109
Capital Directions Investment Advisors
Atlanta,
Georgia
| – | -$14K | -1,000 | Closed |
|
|
ASN
110
Advisory Services Network
Atlanta,
Georgia
| – | -$14K | -961 | Closed |
|
|
CFFP
111
Center for Financial Planning
Southfied,
Michigan
| – | -$9K | -636 | Closed |
|
|
FHA
112
Flagship Harbor Advisors
Boston,
Massachusetts
| – | -$6K | -430 | Closed |
|
EMD Hedge Fund Activity: Q1 2020 in Review
93 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q1 2020, worth a combined $236M — down 30% from $337M a quarter earlier.
Fund positioning in EMD was balanced in Q1 2020: 20 funds opened new positions, 20 closed out, 28 added to existing stakes and 30 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $14.9M. The largest seller was UBS Group, cutting an estimated $19.7M.
- 93 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q1 2020, down from 95 in Q4 2019.
- Funds reported $236M of Western Asset Emerging Markets Debt Fund stock for Q1 2020, down 30% quarter-over-quarter.
- 20 funds opened new Western Asset Emerging Markets Debt Fund positions in Q1 2020 and 20 closed out, a net change of 0 holders.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q1 2020 was Saba Capital Management, an estimated $14.9M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q1 2020 was UBS Group, an estimated $19.7M sold.
Based on aggregated 13F filings for Q1 2020.