Blackstone Long-Short Credit Income Fund
BGX
34 hedge funds and large institutions have $73.2M invested in Blackstone Long-Short Credit Income Fund in 2014 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 12 reducing their positions, and 4 closing their positions.
3.26% more ownership
Funds ownership: 31.23% → 34.5% (+3.3%)
4% more capital invested
Capital invested by funds: $70.3M → $73.2M (+$2.85M)
0% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 12
3% less funds holding
Funds holding: 35 → 34 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$6.54M |
| 2 |
Morgan Stanley
New York
|
+$2.96M |
| 3 |
Citigroup
New York
|
+$2.1M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.62M |
| 5 |
GWM
Greenwich Wealth Management
Greenwich,
Connecticut
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
-$4.95M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.1M |
| 3 |
Neuberger Berman Group
New York
|
-$964K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$716K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$711K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCM
26
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| $251K | – | – | – |
|
|
ICAS
27
Investors Capital Advisory Services
Lynnfield,
Massachusetts
| $206K | – | – | – |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $85K | – | – | – |
|
29
Axa
Paris,
France
| $77K | -$116K | -6,733 | -59% |
|
|
WA
30
WFG Advisors
Dallas,
Texas
| $14K | – | – | – |
|
|
NES
31
New England Securities
New York
| $7K | – | – | – |
|
|
DADC
32
D.A. Davidson & Co
Great Falls,
Montana
| $5K | -$3.44K | -200 | -40% |
|
|
MA
33
MUFG Americas
New York
| $1K | – | – | – |
|
|
AIG
34
American International Group
New York
| $451 | – | – | – |
|
|
35
Neuberger Berman Group
New York
| – | -$964K | -54,350 | Closed |
|
36
HighTower Advisors
Chicago,
Illinois
| – | -$201K | -11,360 | Closed |
|
37
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$85K | -4,800 | Closed |
|
|
TRCT
38
Tower Research Capital (TRC)
New York
| – | -$5K | -300 | Closed |
|
BGX Hedge Fund Activity: Q3 2014 in Review
34 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q3 2014, worth a combined $73.2M — up 4% from $70.3M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of BGX and 3 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 12 added.
The largest buyer was Saba Capital Management, adding an estimated $6.54M. The largest seller was UBS, cutting an estimated $4.95M.
- 34 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q3 2014, down from 35 in Q2 2014.
- Funds reported $73.2M of Blackstone Long-Short Credit Income Fund stock for Q3 2014, up 4% quarter-over-quarter.
- 3 funds opened new Blackstone Long-Short Credit Income Fund positions in Q3 2014 and 4 closed out, a net change of -1 holder.
- The largest Blackstone Long-Short Credit Income Fund buyer in Q3 2014 was Saba Capital Management, an estimated $6.54M added.
- The largest Blackstone Long-Short Credit Income Fund seller in Q3 2014 was UBS, an estimated $4.95M sold.
Based on aggregated 13F filings for Q3 2014.