Western Asset Emerging Markets Debt Fund
EMD
93 hedge funds and large institutions have $283M invested in Western Asset Emerging Markets Debt Fund in 2019 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 37 increasing their positions, 28 reducing their positions, and 9 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 28
0.36% less ownership
Funds ownership: 39.34% → 38.98% (-0.36%)
2% less funds holding
Funds holding: 95 → 93 (-2)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
12% less capital invested
Capital invested by funds: $321M → $283M (-$38.6M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.37M |
| 2 |
6M
6 Meridian
Wichita,
Kansas
|
+$1.33M |
| 3 |
Morgan Stanley
New York
|
+$1.25M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$592K |
| 5 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$584K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$3.73M |
| 2 |
PMAM
Penn Mutual Asset Management
Conshohocken,
Pennsylvania
|
-$1.6M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.25M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.17M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.08M |
EMD Hedge Fund Activity: Q2 2019 in Review
93 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q2 2019, worth a combined $283M — down 12% from $321M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of EMD and 8 opened new positions — a net loss of 1 holder — while 28 trimmed existing stakes and 37 added.
The largest buyer was Wells Fargo, adding an estimated $1.37M. The largest seller was 1607 Capital Partners, cutting an estimated $3.73M.
- 93 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q2 2019, down from 95 in Q1 2019.
- Funds reported $283M of Western Asset Emerging Markets Debt Fund stock for Q2 2019, down 12% quarter-over-quarter.
- 8 funds opened new Western Asset Emerging Markets Debt Fund positions in Q2 2019 and 9 closed out, a net change of -1 holder.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q2 2019 was Wells Fargo, an estimated $1.37M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q2 2019 was 1607 Capital Partners, an estimated $3.73M sold.
Based on aggregated 13F filings for Q2 2019.