Western Asset Emerging Markets Debt Fund
EMD
67 hedge funds and large institutions have $136M invested in Western Asset Emerging Markets Debt Fund in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 24 reducing their positions, and 12 closing their positions.
1.41% more ownership
Funds ownership: 32.93% → 34.34% (+1.4%)
4% more capital invested
Capital invested by funds: $130M → $136M (+$5.58M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
8% less funds holding
Funds holding: 73 → 67 (-6)
21% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 24
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.77M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$3.32M |
| 3 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$2.3M |
| 4 |
WA
WFG Advisors
Dallas,
Texas
|
+$1.29M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$2.98M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.13M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.11M |
| 4 |
LCM
Laurion Capital Management
New York
|
-$1.06M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$829K |
EMD Hedge Fund Activity: Q1 2016 in Review
67 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q1 2016, worth a combined $136M — up 4.3% from $130M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of EMD and 6 opened new positions — a net loss of 6 holders — while 24 trimmed existing stakes and 19 added.
The largest buyer was Saba Capital Management, adding an estimated $3.77M. The largest seller was Matisse Capital, cutting an estimated $2.98M.
- 67 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q1 2016, down from 73 in Q4 2015.
- Funds reported $136M of Western Asset Emerging Markets Debt Fund stock for Q1 2016, up 4.3% quarter-over-quarter.
- 6 funds opened new Western Asset Emerging Markets Debt Fund positions in Q1 2016 and 12 closed out, a net change of -6 holders.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q1 2016 was Saba Capital Management, an estimated $3.77M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q1 2016 was Matisse Capital, an estimated $2.98M sold.
Based on aggregated 13F filings for Q1 2016.