VanEck JP Morgan EM Local Currency Bond ETF
EMLC
73 hedge funds and large institutions have $599M invested in VanEck JP Morgan EM Local Currency Bond ETF in 2013 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 18 increasing their positions, 34 reducing their positions, and 23 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
2.25% less ownership
Funds ownership: 29.5% → 27.25% (-2.3%)
11% less funds holding
Funds holding: 82 → 73 (-9)
21% less capital invested
Capital invested by funds: $754M → $599M (-$155M)
30% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 23
47% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 34
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QI
QS Investors
New York
|
+$12.7M |
| 2 |
WTB
Washington Trust Bank
Spokane,
Washington
|
+$8.72M |
| 3 |
LPL Financial
San Diego,
California
|
+$5.02M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.9M |
| 5 |
SB
Suntrust Banks
Atlanta,
Georgia
|
+$2.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$84.3M |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$27.6M |
| 3 |
Jane Street
New York
|
-$22.6M |
| 4 |
Morgan Stanley
New York
|
-$18.7M |
| 5 |
Nuveen
Charlotte,
North Carolina
|
-$7.23M |
EMLC Hedge Fund Activity: Q3 2013 in Review
73 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in VanEck JP Morgan EM Local Currency Bond ETF (EMLC) for Q3 2013, worth a combined $599M — down 21% from $754M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of EMLC and 16 opened new positions — a net loss of 7 holders — while 34 trimmed existing stakes and 18 added.
The largest buyer was QS Investors, adding an estimated $12.7M. The largest seller was Bank of America, cutting an estimated $84.3M.
- 73 institutional investors held VanEck JP Morgan EM Local Currency Bond ETF (EMLC) as of Q3 2013, down from 82 in Q2 2013.
- Funds reported $599M of VanEck JP Morgan EM Local Currency Bond ETF stock for Q3 2013, down 21% quarter-over-quarter.
- 16 funds opened new VanEck JP Morgan EM Local Currency Bond ETF positions in Q3 2013 and 23 closed out, a net change of -7 holders.
- The largest VanEck JP Morgan EM Local Currency Bond ETF buyer in Q3 2013 was QS Investors, an estimated $12.7M added.
- The largest VanEck JP Morgan EM Local Currency Bond ETF seller in Q3 2013 was Bank of America, an estimated $84.3M sold.
Based on aggregated 13F filings for Q3 2013.