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BGX

Blackstone Long-Short Credit Income Fund
BGX

33 hedge funds and large institutions have $70.5M invested in Blackstone Long-Short Credit Income Fund in 2016 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

3% more funds holding

Funds holding: 32 → 33 (+1)

9% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 11

4% less capital invested

Capital invested by funds: $73.5M → $70.5M (-$3.05M)

4.17% less ownership

Funds ownership: 42.57% → 38.4% (-4.2%)

Holders
33
Holders Change
+1
Holders Change %
+3.13%
% of All Funds
0.88%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
12
Reduced
11
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$3.07M
2
RCM
Robinson Capital Management
Michigan
+$1.14M
3
RCM
Rivernorth Capital Management
Florida
+$877K
4
CS
Credit Suisse
Switzerland
+$485K
5
Stifel Financial
Stifel Financial
Missouri
+$479K

Top Sellers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
-$6.72M
2
MIG
Mariner Investment Group
New York
-$1.34M
3
Bank of America
Bank of America
North Carolina
-$1.05M
4
SCM
Saba Capital Management
New York
-$930K
5
LCM
Laurion Capital Management
New York
-$814K
Name Holding Trade Value Shares
Change 		Change in
Stake
M&T Bank
26
M&T Bank
New York
$164K +$1.38K +97 +0.9%
CA
27
Cornerstone Advisors
North Carolina
$153K +$150K +10,578 New
ICAS
28
Investors Capital Advisory Services
Massachusetts
$150K -$7.08K -500 -5%
AG
29
Advisor Group
Arizona
$112K +$111K +7,800 New
LTFS
30
Ladenburg Thalmann Financial Services
Florida
$106K +$864 +61 +0.8%
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$103K – – –
MFS
32
MSI Financial Services
Massachusetts
$99K – – –
IA
33
IFP Advisors
Florida
$29K +$28.3K +2,000 New
PPA
34
Parametric Portfolio Associates
Washington
– -$6.72M -493,823 Closed
LCM
35
Laurion Capital Management
New York
– -$814K -59,861 Closed
FWCM
36
Fort Warren Capital Management
Massachusetts
– -$679K -49,900 Closed
RVPG
37
Relative Value Partners Group
– -$395K -29,324 Closed
Invesco
38
Invesco
Georgia
– -$369K -27,119 Closed
WKWM
39
Walter & Keenan Wealth Management
Indiana
– -$143K -10,500 Closed
1
2

BGX Hedge Fund Activity: Q2 2016 in Review

33 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q2 2016, worth a combined $70.5M — down 4.1% from $73.5M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new BGX positions and 7 closed out — a net gain of 1 holder — while 12 added to existing stakes and 11 trimmed.

The largest buyer was Wells Fargo, adding an estimated $3.07M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $6.72M sold.

  • 33 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q2 2016, up from 32 in Q1 2016.
  • Funds reported $70.5M of Blackstone Long-Short Credit Income Fund stock for Q2 2016, down 4.1% quarter-over-quarter.
  • 8 funds opened new Blackstone Long-Short Credit Income Fund positions in Q2 2016 and 7 closed out, a net change of +1 holder.
  • The largest Blackstone Long-Short Credit Income Fund buyer in Q2 2016 was Wells Fargo, an estimated $3.07M added.
  • The largest Blackstone Long-Short Credit Income Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $6.72M sold.

Based on aggregated 13F filings for Q2 2016.