Western Asset Emerging Markets Debt Fund
EMD
93 hedge funds and large institutions have $308M invested in Western Asset Emerging Markets Debt Fund in 2023 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 25 increasing their positions, 30 reducing their positions, and 19 closing their positions.
52% more capital invested
Capital invested by funds: $203M → $308M (+$105M)
15.15% more ownership
Funds ownership: 41% → 56.15% (+15%)
5% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 19
2% less funds holding
Funds holding: 95 → 93 (-2)
17% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$67.8M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.19M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$979K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$770K |
| 5 |
PCM
Penserra Capital Management
Orinda,
California
|
+$698K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$3.6M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.39M |
| 3 |
SAM
Simplify Asset Management
Las Vegas,
Nevada
|
-$1.37M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$760K |
| 5 |
MC
Matisse Capital
Portland,
Oregon
|
-$667K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
101
Wolverine Asset Management
Chicago,
Illinois
| – | -$32.6K | -3,925 | Closed |
|
|
EC
102
Elequin Capital
New York
| – | -$22K | -2,649 | Closed |
|
|
CSPIA
103
Cary Street Partners Investment Advisory
Richmond,
Virginia
| – | -$19.2K | -2,315 | Closed |
|
|
PO
104
Private Ocean
San Rafael,
California
| – | -$16.6K | -2,000 | Closed |
|
|
FIA
105
FNY Investment Advisers
New York
| – | -$11K | -1,400 | Closed |
|
106
JP Morgan Chase
New York
| – | -$9.9K | -1,193 | Closed |
|
|
AF
107
Allworth Financial
Folsom,
California
| – | -$7.55K | -910 | Closed |
|
|
HCM
108
Hollencrest Capital Management
Newport Beach,
California
| – | -$5.23K | -630 | Closed |
|
|
FHA
109
First Horizon Advisors
Memphis,
Tennessee
| – | -$3.72K | -448 | Closed |
|
|
BTI
110
Blue Trust Inc
Alpharetta,
Georgia
| – | -$4K | -418 | Closed |
|
111
Legacy Financial Group (Iowa)
Des Moines,
Iowa
| – | -$3.19K | -385 | Closed |
|
|
TRCT
112
Tower Research Capital (TRC)
New York
| – | -$91 | -11 | Closed |
|
EMD Hedge Fund Activity: Q4 2023 in Review
93 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q4 2023, worth a combined $308M — up 52% from $203M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of EMD and 18 opened new positions — a net loss of 1 holder — while 30 trimmed existing stakes and 25 added.
The largest buyer was Morgan Stanley, adding an estimated $67.8M. The largest seller was Osaic Holdings, cutting an estimated $3.6M.
- 93 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q4 2023, down from 95 in Q3 2023.
- Funds reported $308M of Western Asset Emerging Markets Debt Fund stock for Q4 2023, up 52% quarter-over-quarter.
- 18 funds opened new Western Asset Emerging Markets Debt Fund positions in Q4 2023 and 19 closed out, a net change of -1 holder.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q4 2023 was Morgan Stanley, an estimated $67.8M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q4 2023 was Osaic Holdings, an estimated $3.6M sold.
Based on aggregated 13F filings for Q4 2023.