HedgeMountain

Western Asset Management Company

Pasadena, CA · CRD 110441
Hedge fund manager

Western Asset Management Company is an SEC-registered investment adviser based in Pasadena, CA that reports managing 18 hedge funds on Form ADV. It reports $185.0 billion in regulatory assets under management. Its private funds, of all types, hold $10.3 billion in gross assets. Its disclosed U.S. stock holdings returned an estimated -14.3% 2025 YTD through Sep 30 (S&P 500: +13.7%), based on 13F filings. Over a longer period they returned an estimated -21.0% from Q3 2024 to Q3 2025, compared with +22.4% for the S&P 500, based on 13F filings.

Regulatory assets under management
$185.0 billionForm ADV Item 5.F
Gross assets of private funds
$10.3 billionAll private fund types, Form ADV
Hedge funds managed
1833 private funds in total
Employees
137Form ADV Item 5.A
Registration
SEC-registered adviserCRD 110441
Latest Form ADV
09/16/2026Disciplinary disclosures: yes, see SEC record

Estimated 13F portfolio performance

Est. 2025 YTD-14.3%Through Q3 2025 · S&P 500 +13.7%
Est. 2-year return-21.0%Q3 2024 – Q3 2025
S&P 500+22.4%Same quarters, price only
13F holdings$21.8 million5 positions, 2025-09-30
$79$101$122Q3 2024Q1 2025Q3 202513F est. $79S&P 500 $122
QuarterEst. 13F returnS&P 500
Q3 2025-13.0%+7.8%
Q2 2025-0.9%+10.4%
Q1 2025-0.6%-4.5%
Q4 2024-5.9%+2.1%
Q3 2024-2.2%+5.4%

Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures

Largest disclosed holdings

  • SPDR Series Trust$6.4 million
  • Wells Fargo Co New$6.1 million
  • Ishares TR$4.9 million
  • WW Intl Inc$3.9 million
  • Chord Energy Corporation$378,103

As of 2025-09-30, from 13F filing by Western Asset Management Company, LLC.

Hedge funds filing Form D (20)

Fund
First sale
Raised
Investors
Minimum
YTD performance
Western Asset Private Liquidity Fund, LLC
Pasadena, CA
First saleMar 2005
Raised$5.9B
Investors1
MinimumNone set
YTD performanceNot reported
Western Asset US Core Plus, L.L.C.
Pasadena, CA
First saleDec 2004
Raised$286M
Investors28
MinimumNone set
YTD performanceNot reported
Western Asset Mortgage Backed Securities Portfolio, L.L.C.
Pasadena, CA
First saleDec 2004
Raised$220M
Investors3
MinimumNone set
YTD performanceNot reported
Western Asset Opportunistic Structured Securities Portfolio, L.L.C.
Pasadena, CA
First saleJul 2007
Raised$141M
Investors9
MinimumNone set
YTD performanceNot reported
Western Asset US Intermediate Plus, L.L.C.
Pasadena, CA
First saleJul 2006
Raised$141M
Investors2
MinimumNone set
YTD performanceNot reported
Western Asset Macro Opportunities Alternatives Fund, Ltd.
Pasadena, CA
First saleOct 2014
Raised$120M
Investors4
MinimumNone set
YTD performanceNot reported
Western Asset Investment Grade Commercial Mortgage, L.L.C.
Pasadena, CA
First saleApr 2024
Raised$110M
Investors4
MinimumNone set
YTD performanceNot reported
Western Asset Emerging Markets Local Debt Portfolio, L.L.C.
Pasadena, CA
First saleMay 2006
Raised$64.1M
Investors8
MinimumNone set
YTD performanceNot reported
Western Asset Short-Dated High Yield Portfolio, LTD.
Pasadena, CA
First saleJan 2012
Raised$40.4M
Investors1
MinimumNone set
YTD performanceNot reported
Western Asset Frontier Markets Fund, Ltd.
Pasadena, CAEmerging
First saleApr 2023
Raised$34.0M
Investors6
MinimumNone set
YTD performanceNot reported
Western Asset Emerging Markets Corporate Credit Portfolio, L.L.C.
Pasadena, CA
First saleJan 2008
Raised$33.4M
Investors4
MinimumNone set
YTD performanceNot reported
Western Asset India Bond Fund, L.L.C.
Pasadena, CA
First saleFeb 2015
Raised$29.0M
Investors6
MinimumNone set
YTD performanceNot reported
Western Asset Opportunistic Asian Securities Portfolio, L.L.C.
Pasadena, CA
First saleDec 2006
Raised$23.1M
Investors3
MinimumNone set
YTD performanceNot reported
Western Asset Managed Currency Master Fund, LTD.
George Town, Cayman IslandsOffshore
First saleMar 2008
Raised$21.9M
Investors2
MinimumNone set
YTD performanceNot reported
Western Asset Short-Dated High Yield Portfolio, LLC
Pasadena, CA
First saleJan 2012
Raised$20.1M
Investors4
MinimumNone set
YTD performanceNot reported
Western Asset Emerging Markets Diversified Debt Fund, LLC
Pasadena, CAEmerging
First saleMay 2023
Raised$15.2M
Investors3
MinimumNone set
YTD performanceNot reported
Western Asset Opportunistic Structured Securities Portfolio, Ltd.
Pasadena, CA
First saleOct 2014
Raised$14.4M
Investors1
MinimumNone set
YTD performanceNot reported
Western Asset Multi-Asset Credit Portfolio, L.L.C.
Pasadena, CA
First saleApr 2012
Raised$4.5M
Investors7
MinimumNone set
YTD performanceNot reported
Western Asset Structured Product Opportunities Fund, L.L.C.
Pasadena, CA
First saleJul 2015
Raised$1.8M
Investors2
MinimumNone set
YTD performanceNot reported
Western Asset Total Return Unconstrained (tru) Bond, L.L.C.
Pasadena, CA
First saleJun 2004
Raised$863K
Investors8
MinimumNone set
YTD performanceNot reported

Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.

From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. HedgeMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures