Blackstone Long-Short Credit Income Fund
BGX
35 hedge funds and large institutions have $67.5M invested in Blackstone Long-Short Credit Income Fund in 2013 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 3 closing their positions.
267% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 3
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
30% more funds holding
Funds holding: 27 → 35 (+8)
17% more capital invested
Capital invested by funds: $57.5M → $67.5M (+$9.99M)
5.3% more ownership
Funds ownership: 24.45% → 29.75% (+5.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.58M |
| 2 |
SCM
Saba Capital Management
New York
|
+$3.1M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.89M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.25M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
-$2.47M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.54M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.03M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$913K |
| 5 |
Comerica Bank
Dallas,
Texas
|
-$393K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Commonwealth Equity Services
Waltham,
Massachusetts
| $185K | -$102K | -5,704 | -36% |
|
27
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $141K | +$29.8K | +1,675 | +27% |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $96K | – | – | – |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| $48K | +$38.7K | +2,175 | +435% |
|
|
DADC
30
D.A. Davidson & Co
Great Falls,
Montana
| $12K | -$5.34K | -300 | -30% |
|
|
WA
31
WFG Advisors
Dallas,
Texas
| $12K | +$2.31K | +130 | +24% |
|
|
NES
32
New England Securities
New York
| $5K | – | – | – |
|
|
MA
33
MUFG Americas
New York
| $1K | +$765 | +43 | New |
|
|
AIG
34
American International Group
New York
| $482 | – | – | – |
|
|
35
Comerica Bank
Dallas,
Texas
| – | -$393K | -21,199 | Closed |
|
|
PFO
36
Pathstone Family Office
Englewood,
New Jersey
| – | -$52K | -2,802 | Closed |
|
37
Jones Financial Companies
Des Peres,
Missouri
| – | -$6K | -306 | Closed |
|
BGX Hedge Fund Activity: Q4 2013 in Review
35 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q4 2013, worth a combined $67.5M — up 17% from $57.5M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new BGX positions and 3 closed out — a net gain of 8 holders — while 12 added to existing stakes and 8 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $6.58M. The largest seller was UBS, cutting an estimated $2.47M.
- 35 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q4 2013, up from 27 in Q3 2013.
- Funds reported $67.5M of Blackstone Long-Short Credit Income Fund stock for Q4 2013, up 17% quarter-over-quarter.
- 11 funds opened new Blackstone Long-Short Credit Income Fund positions in Q4 2013 and 3 closed out, a net change of +8 holders.
- The largest Blackstone Long-Short Credit Income Fund buyer in Q4 2013 was Rivernorth Capital Management, an estimated $6.58M added.
- The largest Blackstone Long-Short Credit Income Fund seller in Q4 2013 was UBS, an estimated $2.47M sold.
Based on aggregated 13F filings for Q4 2013.