Blackstone Long-Short Credit Income Fund
BGX
34 hedge funds and large institutions have $55.1M invested in Blackstone Long-Short Credit Income Fund in 2016 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 15 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
13% more funds holding
Funds holding: 30 → 34 (+4)
9.14% less ownership
Funds ownership: 36.37% → 27.23% (-9.1%)
23% less capital invested
Capital invested by funds: $71.8M → $55.1M (-$16.7M)
47% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.74M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.51M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.37M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$860K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$848K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$15.1M |
| 2 |
Citigroup
New York
|
-$2.79M |
| 3 |
Morgan Stanley
New York
|
-$2.32M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.48M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EFS
26
Essex Financial Services
Essex,
Connecticut
| $212K | +$205K | +13,312 | New |
|
27
M&T Bank
Buffalo,
New York
| $181K | – | – | – |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $118K | +$909 | +59 | +0.8% |
|
|
MFS
29
MSI Financial Services
Springfield,
Massachusetts
| $109K | – | – | – |
|
|
IA
30
IFP Advisors
Tampa,
Florida
| $32K | – | – | – |
|
|
PFGIA
31
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| $18K | +$17.4K | +1,130 | New |
|
|
32
Citigroup
New York
| $16K | -$2.79M | -180,880 | -99% |
|
|
PCM
33
Penserra Capital Management
Orinda,
California
| $3K | +$339 | +22 | +12% |
|
34
SEI Investments
Oaks,
Pennsylvania
| $1K | – | – | – |
|
35
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$221K | -14,211 | Closed |
|
|
CHP
36
Cable Hill Partners
Portland,
Oregon
| – | -$1K | -38 | Closed |
|
BGX Hedge Fund Activity: Q4 2016 in Review
34 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q4 2016, worth a combined $55.1M — down 23% from $71.8M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new BGX positions and 2 closed out — a net gain of 4 holders — while 8 added to existing stakes and 15 trimmed.
The largest buyer was Wells Fargo, adding an estimated $2.74M. The largest seller was Saba Capital Management, cutting an estimated $15.1M.
- 34 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q4 2016, up from 30 in Q3 2016.
- Funds reported $55.1M of Blackstone Long-Short Credit Income Fund stock for Q4 2016, down 23% quarter-over-quarter.
- 6 funds opened new Blackstone Long-Short Credit Income Fund positions in Q4 2016 and 2 closed out, a net change of +4 holders.
- The largest Blackstone Long-Short Credit Income Fund buyer in Q4 2016 was Wells Fargo, an estimated $2.74M added.
- The largest Blackstone Long-Short Credit Income Fund seller in Q4 2016 was Saba Capital Management, an estimated $15.1M sold.
Based on aggregated 13F filings for Q4 2016.