Blackstone Long-Short Credit Income Fund
BGX
35 hedge funds and large institutions have $70.3M invested in Blackstone Long-Short Credit Income Fund in 2014 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 14 reducing their positions, and 3 closing their positions.
1.06% more ownership
Funds ownership: 30.17% → 31.23% (+1.1%)
4% more capital invested
Capital invested by funds: $67.5M → $70.3M (+$2.84M)
3% less funds holding
Funds holding: 36 → 35 (-1)
14% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 14
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$3.19M |
| 2 |
Morgan Stanley
New York
|
+$1.8M |
| 3 |
SCM
Saba Capital Management
New York
|
+$1.62M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$650K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$358K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.41M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$550K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$504K |
| 4 |
Neuberger Berman Group
New York
|
-$320K |
| 5 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$305K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DA
26
Doliver Advisors
Houston,
Texas
| $188K | +$189K | +10,627 | New |
|
|
LTFS
27
Ladenburg Thalmann Financial Services
Miami,
Florida
| $90K | -$5.15K | -290 | -5% |
|
28
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $85K | -$55.5K | -3,125 | -39% |
|
|
WA
29
WFG Advisors
Dallas,
Texas
| $15K | +$2.66K | +150 | +22% |
|
|
DADC
30
D.A. Davidson & Co
Great Falls,
Montana
| $8K | – | – | – |
|
|
NES
31
New England Securities
New York
| $7K | – | – | – |
|
|
TRCT
32
Tower Research Capital (TRC)
New York
| $5K | – | – | – |
|
|
MA
33
MUFG Americas
New York
| $1K | – | – | – |
|
|
AIG
34
American International Group
New York
| $479 | – | – | – |
|
|
VKH
35
Virtu KCG Holdings
New York
| – | -$234K | -13,268 | Closed |
|
|
JG
36
Jefferies Group
New York
| – | -$231K | -13,102 | Closed |
|
37
AllianceBernstein
Nashville,
Tennessee
| – | -$160K | -9,084 | Closed |
|
38
Citigroup
New York
| – | -$142 | -8 | -38% |
|
BGX Hedge Fund Activity: Q2 2014 in Review
35 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q2 2014, worth a combined $70.3M — up 4.2% from $67.5M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of BGX and 2 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 12 added.
The largest buyer was UBS, adding an estimated $3.19M. The largest seller was Guggenheim Capital, cutting an estimated $3.41M.
- 35 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q2 2014, down from 36 in Q1 2014.
- Funds reported $70.3M of Blackstone Long-Short Credit Income Fund stock for Q2 2014, up 4.2% quarter-over-quarter.
- 2 funds opened new Blackstone Long-Short Credit Income Fund positions in Q2 2014 and 3 closed out, a net change of -1 holder.
- The largest Blackstone Long-Short Credit Income Fund buyer in Q2 2014 was UBS, an estimated $3.19M added.
- The largest Blackstone Long-Short Credit Income Fund seller in Q2 2014 was Guggenheim Capital, an estimated $3.41M sold.
Based on aggregated 13F filings for Q2 2014.