Blackstone Long-Short Credit Income Fund
BGX
32 hedge funds and large institutions have $73.5M invested in Blackstone Long-Short Credit Income Fund in 2016 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 15 reducing their positions, and 13 closing their positions.
2% less capital invested
Capital invested by funds: $74.9M → $73.5M (-$1.34M)
1.16% less ownership
Funds ownership: 43.73% → 42.57% (-1.2%)
20% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 15
26% less funds holding
Funds holding: 43 → 32 (-11)
85% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$7.01M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.27M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.37M |
| 4 |
LCM
Laurion Capital Management
New York
|
+$772K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$243K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$3.35M |
| 2 |
Citigroup
New York
|
-$2.72M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.14M |
| 4 |
Morgan Stanley
New York
|
-$859K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$839K |
BGX Hedge Fund Activity: Q1 2016 in Review
32 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q1 2016, worth a combined $73.5M — down 1.8% from $74.9M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of BGX and 2 opened new positions — a net loss of 11 holders — while 15 trimmed existing stakes and 12 added.
The largest buyer was Saba Capital Management, adding an estimated $7.01M. The largest seller was Newgate Capital Management, exiting entirely with an estimated $3.35M sold.
- 32 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q1 2016, down from 43 in Q4 2015.
- Funds reported $73.5M of Blackstone Long-Short Credit Income Fund stock for Q1 2016, down 1.8% quarter-over-quarter.
- 2 funds opened new Blackstone Long-Short Credit Income Fund positions in Q1 2016 and 13 closed out, a net change of -11 holders.
- The largest Blackstone Long-Short Credit Income Fund buyer in Q1 2016 was Saba Capital Management, an estimated $7.01M added.
- The largest Blackstone Long-Short Credit Income Fund seller in Q1 2016 was Newgate Capital Management, an estimated $3.35M sold.
Based on aggregated 13F filings for Q1 2016.