VanEck JP Morgan EM Local Currency Bond ETF
EMLC
80 hedge funds and large institutions have $519M invested in VanEck JP Morgan EM Local Currency Bond ETF in 2013 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 18 increasing their positions, 34 reducing their positions, and 15 closing their positions.
60% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 15
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
10% more funds holding
Funds holding: 73 → 80 (+7)
0.34% more ownership
Funds ownership: 27.25% → 27.59% (+0.34%)
13% less capital invested
Capital invested by funds: $599M → $519M (-$79.9M)
47% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 34
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SB
Suntrust Banks
Atlanta,
Georgia
|
+$23.2M |
| 2 |
QI
QS Investors
New York
|
+$19M |
| 3 |
LGWM
Litman Gregory Wealth Management
Larkspur,
California
|
+$4.93M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.08M |
| 5 |
EC
Everest Capital
Miami,
Florida
|
+$2.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$28.2M |
| 2 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
-$12.2M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$12.1M |
| 4 |
B
Baird
Milwaukee,
Wisconsin
|
-$11.4M |
| 5 |
WTB
Washington Trust Bank
Spokane,
Washington
|
-$8.71M |
EMLC Hedge Fund Activity: Q4 2013 in Review
80 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in VanEck JP Morgan EM Local Currency Bond ETF (EMLC) for Q4 2013, worth a combined $519M — down 13% from $599M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new EMLC positions and 15 closed out — a net gain of 9 holders — while 18 added to existing stakes and 34 trimmed.
The largest buyer was Suntrust Banks, adding an estimated $23.2M. The largest seller was Morgan Stanley, cutting an estimated $28.2M.
- 80 institutional investors held VanEck JP Morgan EM Local Currency Bond ETF (EMLC) as of Q4 2013, up from 73 in Q3 2013.
- Funds reported $519M of VanEck JP Morgan EM Local Currency Bond ETF stock for Q4 2013, down 13% quarter-over-quarter.
- 24 funds opened new VanEck JP Morgan EM Local Currency Bond ETF positions in Q4 2013 and 15 closed out, a net change of +9 holders.
- The largest VanEck JP Morgan EM Local Currency Bond ETF buyer in Q4 2013 was Suntrust Banks, an estimated $23.2M added.
- The largest VanEck JP Morgan EM Local Currency Bond ETF seller in Q4 2013 was Morgan Stanley, an estimated $28.2M sold.
Based on aggregated 13F filings for Q4 2013.