Western Asset Emerging Markets Debt Fund
EMD
95 hedge funds and large institutions have $278M invested in Western Asset Emerging Markets Debt Fund in 2020 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 38 increasing their positions, 25 reducing their positions, and 10 closing their positions.
80% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 10
52% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 25
14% more capital invested
Capital invested by funds: $244M → $278M (+$34.2M)
9% more funds holding
Funds holding: 87 → 95 (+8)
0.3% more ownership
Funds ownership: 32.57% → 32.88% (+0.3%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$2.17M |
| 2 |
Morgan Stanley
New York
|
+$1.6M |
| 3 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
+$1.31M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.15M |
| 5 |
PCM
Penserra Capital Management
Orinda,
California
|
+$795K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.53M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.8M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$738K |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
-$595K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$392K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Mercer Global Advisors
Denver,
Colorado
| – | -$126K | -10,253 | Closed |
|
102
Barclays
London,
United Kingdom
| – | -$19K | -1,329 | Closed |
|
|
S
103
SignatureFD
Atlanta,
Georgia
| – | -$8K | -650 | Closed |
|
|
AA
104
Ancora Advisors
Cleveland,
Ohio
| – | -$2K | -202 | Closed |
|
EMD Hedge Fund Activity: Q4 2020 in Review
95 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q4 2020, worth a combined $278M — up 14% from $244M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new EMD positions and 10 closed out — a net gain of 8 holders — while 38 added to existing stakes and 25 trimmed.
The largest buyer was Brinker Capital Investments, adding an estimated $2.17M. The largest seller was Saba Capital Management, cutting an estimated $4.53M.
- 95 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q4 2020, up from 87 in Q3 2020.
- Funds reported $278M of Western Asset Emerging Markets Debt Fund stock for Q4 2020, up 14% quarter-over-quarter.
- 18 funds opened new Western Asset Emerging Markets Debt Fund positions in Q4 2020 and 10 closed out, a net change of +8 holders.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q4 2020 was Brinker Capital Investments, an estimated $2.17M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q4 2020 was Saba Capital Management, an estimated $4.53M sold.
Based on aggregated 13F filings for Q4 2020.