Templeton Emerging Markets Income Fund
TEI
84 hedge funds and large institutions have $161M invested in Templeton Emerging Markets Income Fund in 2017 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 29 increasing their positions, 25 reducing their positions, and 10 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
22% more capital invested
Capital invested by funds: $132M → $161M (+$29M)
16% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 25
4.49% more ownership
Funds ownership: 23.85% → 28.34% (+4.5%)
5% less funds holding
Funds holding: 88 → 84 (-4)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$20.7M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$2.66M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.11M |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
+$1.78M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.25M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.76M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.24M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$596K |
| 5 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$550K |
TEI Hedge Fund Activity: Q3 2017 in Review
84 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Templeton Emerging Markets Income Fund (TEI) for Q3 2017, worth a combined $161M — up 22% from $132M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of TEI and 6 opened new positions — a net loss of 4 holders — while 25 trimmed existing stakes and 29 added.
The largest buyer was Saba Capital Management, adding an estimated $20.7M. The largest seller was Royal Bank of Canada, cutting an estimated $2.25M.
- 84 institutional investors held Templeton Emerging Markets Income Fund (TEI) as of Q3 2017, down from 88 in Q2 2017.
- Funds reported $161M of Templeton Emerging Markets Income Fund stock for Q3 2017, up 22% quarter-over-quarter.
- 6 funds opened new Templeton Emerging Markets Income Fund positions in Q3 2017 and 10 closed out, a net change of -4 holders.
- The largest Templeton Emerging Markets Income Fund buyer in Q3 2017 was Saba Capital Management, an estimated $20.7M added.
- The largest Templeton Emerging Markets Income Fund seller in Q3 2017 was Royal Bank of Canada, an estimated $2.25M sold.
Based on aggregated 13F filings for Q3 2017.