iShares JPMorgan EM Local Currency Bond ETF
LEMB
44 hedge funds and large institutions have $123M invested in iShares JPMorgan EM Local Currency Bond ETF in 2016 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 18 reducing their positions, and 21 closing their positions.
21.58% less ownership
Funds ownership: 63.47% → 41.89% (-22%)
27% less funds holding
Funds holding: 60 → 44 (-16)
44% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 18
58% less capital invested
Capital invested by funds: $292M → $123M (-$169M)
76% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$3.63M |
| 2 |
BlackRock
New York
|
+$3.61M |
| 3 |
HSBC Holdings
London,
United Kingdom
|
+$2.27M |
| 4 |
Canada Life
Winnipeg,
Manitoba, Canada
|
+$920K |
| 5 |
Jane Street
New York
|
+$882K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIM
Windhaven Investment Management
Boston,
Massachusetts
|
-$61.1M |
| 2 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$28.2M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$28.2M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$12.1M |
| 5 |
Morgan Stanley
New York
|
-$8.41M |
LEMB Hedge Fund Activity: Q4 2016 in Review
44 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in iShares JPMorgan EM Local Currency Bond ETF (LEMB) for Q4 2016, worth a combined $123M — down 58% from $292M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of LEMB and 5 opened new positions — a net loss of 16 holders — while 18 trimmed existing stakes and 10 added.
The largest buyer was Mackenzie Financial, adding an estimated $3.63M. The largest seller was Windhaven Investment Management, exiting entirely with an estimated $61.1M sold.
- 44 institutional investors held iShares JPMorgan EM Local Currency Bond ETF (LEMB) as of Q4 2016, down from 60 in Q3 2016.
- Funds reported $123M of iShares JPMorgan EM Local Currency Bond ETF stock for Q4 2016, down 58% quarter-over-quarter.
- 5 funds opened new iShares JPMorgan EM Local Currency Bond ETF positions in Q4 2016 and 21 closed out, a net change of -16 holders.
- The largest iShares JPMorgan EM Local Currency Bond ETF buyer in Q4 2016 was Mackenzie Financial, an estimated $3.63M added.
- The largest iShares JPMorgan EM Local Currency Bond ETF seller in Q4 2016 was Windhaven Investment Management, an estimated $61.1M sold.
Based on aggregated 13F filings for Q4 2016.