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EMD

Western Asset Emerging Markets Debt Fund

100 hedge funds and large institutions have $307M invested in Western Asset Emerging Markets Debt Fund in 2018 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 21 increasing their positions, 35 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more funds holding in top 10

Funds holding in top 10: 35 (+2)

29% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 17

4% more funds holding

Funds holding: 96100 (+4)

0.38% less ownership

Funds ownership: 41.5%41.13% (-0.38%)

9% less capital invested

Capital invested by funds: $339M → $307M (-$31.5M)

40% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 35

Holders
100
Holders Change
+4
Holders Change %
+4.17%
% of All Funds
2.23%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.11%
New
22
Increased
21
Reduced
35
Closed
17
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$58.3M +$5.66M +448,393 +10%
Morgan Stanley
2
Morgan Stanley
New York
$43.2M -$10.5M -828,428 -19%
MGAM
3
McGowan Group Asset Management
Texas
$38.9M -$47.6K -3,772 -0.1%
PPA
4
Parametric Portfolio Associates
Washington
$31M -$1.38M -108,952 -4%
UBS Group
5
UBS Group
Switzerland
$24M -$1.96M -155,584 -7%
Wells Fargo
6
Wells Fargo
California
$12.2M -$1.49M -118,191 -11%
Invesco
7
Invesco
Georgia
$11.6M -$163K -12,880 -1%
VIA
8
Vident Investment Advisory
Georgia
$6.95M -$119K -9,427 -2%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$6.53M -$1.28M -101,278 -16%
PMAM
10
Penn Mutual Asset Management
Pennsylvania
$5.57M
1CP
11
1607 Capital Partners
Virginia
$5M +$462K +36,613 +10%
Fiera Capital (Canada)
12
Fiera Capital (Canada)
Quebec, Canada
$4.45M
Bank of America
13
Bank of America
North Carolina
$4.03M -$152K -12,019 -4%
BRWA
14
B. Riley Wealth Advisors
Florida
$3.74M -$238K -18,891 -6%
CP
15
Camelot Portfolios
Ohio
$3.59M +$1.43M +113,684 +64%
LCM
16
Landscape Capital Management
New Jersey
$2.9M +$2.45M +193,701 +457%
CRC
17
Curi RMB Capital
Illinois
$2.84M +$1.67M +131,962 +133%
First Trust Advisors
18
First Trust Advisors
Illinois
$2.67M -$189K -15,003 -6%
Geode Capital Management
19
Geode Capital Management
Massachusetts
$2.62M +$857K +67,899 +47%
Macquarie Group
20
Macquarie Group
Australia
$2.28M
AC
21
Almitas Capital
California
$2.17M +$2.23M +176,678 New
Thrivent Financial for Lutherans
22
Thrivent Financial for Lutherans
Minnesota
$2.09M +$49.2K +3,894 +2%
BlackRock
23
BlackRock
New York
$1.96M
Ameriprise
24
Ameriprise
Minnesota
$1.92M -$106K -8,358 -5%
BCI
25
Brinker Capital Investments
Pennsylvania
$1.8M +$88.7K +7,024 +5%

EMD Hedge Fund Activity: Q4 2018 in Review

100 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q4 2018, worth a combined $307M — down 9.3% from $339M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new EMD positions and 17 closed out — a net gain of 5 holders — while 21 added to existing stakes and 35 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $5.66M. The largest seller was Morgan Stanley, cutting an estimated $10.5M.

  • 100 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q4 2018, up from 96 in Q3 2018.
  • Funds reported $307M of Western Asset Emerging Markets Debt Fund stock for Q4 2018, down 9.3% quarter-over-quarter.
  • 22 funds opened new Western Asset Emerging Markets Debt Fund positions in Q4 2018 and 17 closed out, a net change of +5 holders.
  • The largest Western Asset Emerging Markets Debt Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $5.66M added.
  • The largest Western Asset Emerging Markets Debt Fund seller in Q4 2018 was Morgan Stanley, an estimated $10.5M sold.

Based on aggregated 13F filings for Q4 2018.