Blackstone Long-Short Credit Income Fund
BGX
30 hedge funds and large institutions have $71.8M invested in Blackstone Long-Short Credit Income Fund in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 13 reducing their positions, and 5 closing their positions.
2% more capital invested
Capital invested by funds: $70.5M → $71.8M (+$1.31M)
2.03% less ownership
Funds ownership: 38.4% → 36.37% (-2%)
9% less funds holding
Funds holding: 33 → 30 (-3)
38% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 13
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.25M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.16M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$258K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$91.9K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$56.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.81M |
| 2 |
Morgan Stanley
New York
|
-$1.27M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$622K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$540K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$428K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $96K | -$15K | -1,000 | -14% |
|
|
IA
27
IFP Advisors
Tampa,
Florida
| $31K | – | – | – |
|
|
PCM
28
Penserra Capital Management
Orinda,
California
| $2K | +$2.71K | +180 | New |
|
|
CHP
29
Cable Hill Partners
Portland,
Oregon
| $1K | +$571 | +38 | New |
|
30
SEI Investments
Oaks,
Pennsylvania
| $1K | +$887 | +59 | New |
|
|
AA
31
AQR Arbitrage
Greenwich,
Connecticut
| – | -$428K | -29,637 | Closed |
|
|
TC
32
TFS Capital
West Chester,
Pennsylvania
| – | -$358K | -24,800 | Closed |
|
33
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$298K | -20,667 | Closed |
|
|
DA
34
Doliver Advisors
Houston,
Texas
| – | -$253K | -17,540 | Closed |
|
|
CA
35
Cornerstone Advisors
Asheville,
North Carolina
| – | -$153K | -10,578 | Closed |
|
BGX Hedge Fund Activity: Q3 2016 in Review
30 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q3 2016, worth a combined $71.8M — up 1.9% from $70.5M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of BGX and 3 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 8 added.
The largest buyer was Advisors Asset Management, adding an estimated $1.25M. The largest seller was Mariner Investment Group, cutting an estimated $1.81M.
- 30 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q3 2016, down from 33 in Q2 2016.
- Funds reported $71.8M of Blackstone Long-Short Credit Income Fund stock for Q3 2016, up 1.9% quarter-over-quarter.
- 3 funds opened new Blackstone Long-Short Credit Income Fund positions in Q3 2016 and 5 closed out, a net change of -2 holders.
- The largest Blackstone Long-Short Credit Income Fund buyer in Q3 2016 was Advisors Asset Management, an estimated $1.25M added.
- The largest Blackstone Long-Short Credit Income Fund seller in Q3 2016 was Mariner Investment Group, an estimated $1.81M sold.
Based on aggregated 13F filings for Q3 2016.