Blackstone Long-Short Credit Income Fund
BGX
35 hedge funds and large institutions have $76.6M invested in Blackstone Long-Short Credit Income Fund in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 8 reducing their positions, and 10 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 8
5% more capital invested
Capital invested by funds: $73.1M → $76.6M (+$3.46M)
0.28% more ownership
Funds ownership: 37.07% → 37.35% (+0.28%)
13% less funds holding
Funds holding: 40 → 35 (-5)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$2.09M |
| 2 |
Morgan Stanley
New York
|
+$1.81M |
| 3 |
Citigroup
New York
|
+$1.61M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.07M |
| 5 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$796K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$2.84M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$844K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$813K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$769K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$726K |
BGX Hedge Fund Activity: Q1 2015 in Review
35 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q1 2015, worth a combined $76.6M — up 4.7% from $73.1M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BGX and 6 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 16 added.
The largest buyer was Deutsche Bank, opening a new position worth an estimated $2.09M. The largest seller was Saba Capital Management, cutting an estimated $2.84M.
- 35 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q1 2015, down from 40 in Q4 2014.
- Funds reported $76.6M of Blackstone Long-Short Credit Income Fund stock for Q1 2015, up 4.7% quarter-over-quarter.
- 6 funds opened new Blackstone Long-Short Credit Income Fund positions in Q1 2015 and 10 closed out, a net change of -4 holders.
- The largest Blackstone Long-Short Credit Income Fund buyer in Q1 2015 was Deutsche Bank, an estimated $2.09M added.
- The largest Blackstone Long-Short Credit Income Fund seller in Q1 2015 was Saba Capital Management, an estimated $2.84M sold.
Based on aggregated 13F filings for Q1 2015.