Western Asset Emerging Markets Debt Fund
EMD
97 hedge funds and large institutions have $329M invested in Western Asset Emerging Markets Debt Fund in 2018 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 26 increasing their positions, 37 reducing their positions, and 15 closing their positions.
1.11% more ownership
Funds ownership: 39.62% → 40.73% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
4% less funds holding
Funds holding: 101 → 97 (-4)
6% less capital invested
Capital invested by funds: $350M → $329M (-$21.6M)
20% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 15
30% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.96M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$4.83M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$4.21M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.99M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$2.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.44M |
| 2 |
Morgan Stanley
New York
|
-$2.2M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$1.51M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.26M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$1.17M |
EMD Hedge Fund Activity: Q2 2018 in Review
97 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q2 2018, worth a combined $329M — down 6.2% from $350M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of EMD and 12 opened new positions — a net loss of 3 holders — while 37 trimmed existing stakes and 26 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $5.96M. The largest seller was Sit Investment Associates, cutting an estimated $3.44M.
- 97 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q2 2018, down from 101 in Q1 2018.
- Funds reported $329M of Western Asset Emerging Markets Debt Fund stock for Q2 2018, down 6.2% quarter-over-quarter.
- 12 funds opened new Western Asset Emerging Markets Debt Fund positions in Q2 2018 and 15 closed out, a net change of -3 holders.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q2 2018 was Rivernorth Capital Management, an estimated $5.96M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q2 2018 was Sit Investment Associates, an estimated $3.44M sold.
Based on aggregated 13F filings for Q2 2018.