Blackstone Long-Short Credit Income Fund
BGX
27 hedge funds and large institutions have $57.5M invested in Blackstone Long-Short Credit Income Fund in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and closing their positions.
35% more funds holding
Funds holding: 20 → 27 (+7)
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
1.81% more ownership
Funds ownership: 22.64% → 24.45% (+1.8%)
2% more capital invested
Capital invested by funds: $56.5M → $57.5M (+$1.05M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$2.88M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.98M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.89M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$950K |
| 5 |
Morgan Stanley
New York
|
+$242K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
-$1.07M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.04M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.02M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$954K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$231K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIG
26
American International Group
New York
| $501 | – | – | – |
|
27
Citigroup
New York
| – | -$531 | -29 | -58% |
|
BGX Hedge Fund Activity: Q3 2013 in Review
27 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q3 2013, worth a combined $57.5M — up 1.9% from $56.5M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new BGX positions and 0 closed out — a net gain of 7 holders — while 9 added to existing stakes and 8 trimmed.
The largest buyer was Newgate Capital Management, opening a new position worth an estimated $2.88M. The largest seller was UBS, cutting an estimated $1.07M.
- 27 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q3 2013, up from 20 in Q2 2013.
- Funds reported $57.5M of Blackstone Long-Short Credit Income Fund stock for Q3 2013, up 1.9% quarter-over-quarter.
- 7 funds opened new Blackstone Long-Short Credit Income Fund positions in Q3 2013 and 0 closed out, a net change of +7 holders.
- The largest Blackstone Long-Short Credit Income Fund buyer in Q3 2013 was Newgate Capital Management, an estimated $2.88M added.
- The largest Blackstone Long-Short Credit Income Fund seller in Q3 2013 was UBS, an estimated $1.07M sold.
Based on aggregated 13F filings for Q3 2013.