iShares JPMorgan EM Local Currency Bond ETF
LEMB
71 hedge funds and large institutions have $280M invested in iShares JPMorgan EM Local Currency Bond ETF in 2018 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 20 increasing their positions, 18 reducing their positions, and 17 closing their positions.
58% more capital invested
Capital invested by funds: $177M → $280M (+$102M)
18.5% more ownership
Funds ownership: 43% → 61.5% (+18%)
11% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 18
6% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 17
4% less funds holding
Funds holding: 74 → 71 (-3)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTIOP
Fiduciary Trust International of Pennsylvania
Radnor,
Pennsylvania
|
+$98.5M |
| 2 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$14.5M |
| 3 |
BlackRock
New York
|
+$8.52M |
| 4 |
Goldman Sachs
New York
|
+$2.96M |
| 5 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$2.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schroder Investment Management Group
London,
United Kingdom
|
-$11M |
| 2 |
FMP
Financial Management Professionals
Austin,
Texas
|
-$10.5M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$3.92M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$3.04M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$2.72M |
LEMB Hedge Fund Activity: Q2 2018 in Review
71 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in iShares JPMorgan EM Local Currency Bond ETF (LEMB) for Q2 2018, worth a combined $280M — up 58% from $177M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of LEMB and 16 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 20 added.
The largest buyer was Fiduciary Trust International of Pennsylvania, opening a new position worth an estimated $98.5M. The largest seller was Schroder Investment Management Group, cutting an estimated $11M.
- 71 institutional investors held iShares JPMorgan EM Local Currency Bond ETF (LEMB) as of Q2 2018, down from 74 in Q1 2018.
- Funds reported $280M of iShares JPMorgan EM Local Currency Bond ETF stock for Q2 2018, up 58% quarter-over-quarter.
- 16 funds opened new iShares JPMorgan EM Local Currency Bond ETF positions in Q2 2018 and 17 closed out, a net change of -1 holder.
- The largest iShares JPMorgan EM Local Currency Bond ETF buyer in Q2 2018 was Fiduciary Trust International of Pennsylvania, an estimated $98.5M added.
- The largest iShares JPMorgan EM Local Currency Bond ETF seller in Q2 2018 was Schroder Investment Management Group, an estimated $11M sold.
Based on aggregated 13F filings for Q2 2018.