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BGX

Blackstone Long-Short Credit Income Fund
BGX

33 hedge funds and large institutions have $52.6M invested in Blackstone Long-Short Credit Income Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 14 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 7

4% less capital invested

Capital invested by funds: $55.1M → $52.6M (-$2.46M)

1.48% less ownership

Funds ownership: 27.23% → 25.76% (-1.5%)

3% less funds holding

Funds holding: 34 → 33 (-1)

43% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 14

Holders
33
Holders Change
-1
Holders Change %
-2.94%
% of All Funds
0.82%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
8
Reduced
14
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$4.66M
2
Invesco
Invesco
Georgia
+$3.69M
3
GC
Guggenheim Capital
Illinois
+$2.4M
4
SFS
Shaker Financial Services
Virginia
+$450K
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$324K

Top Sellers

Rank Fund Capital Flow
1
ZIG
Zuckerman Investment Group
Illinois
-$4.18M
2
MIG
Mariner Investment Group
New York
-$2.95M
3
SCM
Saba Capital Management
New York
-$2.19M
4
Morgan Stanley
Morgan Stanley
New York
-$1.61M
5
RCM
Rivernorth Capital Management
Florida
-$1.56M
Name Holding Trade Value Shares
Change 		Change in
Stake
PFO
26
Pathstone Family Office
New Jersey
$42K +$42.6K +2,638 New
IA
27
IFP Advisors
Florida
$32K – – –
Manulife (Manufacturers Life Insurance)
28
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$11K +$11.1K +684 New
PFGIA
29
Patriot Financial Group Insurance Agency
Massachusetts
$8K -$10.4K -642 -57%
PCM
30
Penserra Capital Management
California
$2K -$420 -26 -13%
Citigroup
31
Citigroup
New York
$1K -$16.3K -1,008 -95%
SEI Investments
32
SEI Investments
Pennsylvania
$1K – – –
MA
33
MUFG Americas
New York
$1K +$937 +58 New
ZIG
34
Zuckerman Investment Group
Illinois
– -$4.18M -262,529 Closed
MIG
35
Mariner Investment Group
New York
– -$2.95M -185,452 Closed
SCM
36
Saba Capital Management
New York
– -$2.19M -137,738 Closed
CS
37
Credit Suisse
Switzerland
– -$378K -23,754 Closed
LCM
38
Landscape Capital Management
New Jersey
– -$346K -21,759 Closed
EFS
39
Essex Financial Services
Connecticut
– -$212K -13,312 Closed
M&T Bank
40
M&T Bank
New York
– -$181K -11,379 Closed
1
2

BGX Hedge Fund Activity: Q1 2017 in Review

33 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q1 2017, worth a combined $52.6M — down 4.5% from $55.1M a quarter earlier.

Fund positioning in BGX was balanced in Q1 2017: 7 funds opened new positions, 7 closed out, 8 added to existing stakes and 14 trimmed.

The largest buyer was Wells Fargo, adding an estimated $4.66M. The largest seller was Zuckerman Investment Group, exiting entirely with an estimated $4.18M sold.

  • 33 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q1 2017, down from 34 in Q4 2016.
  • Funds reported $52.6M of Blackstone Long-Short Credit Income Fund stock for Q1 2017, down 4.5% quarter-over-quarter.
  • 7 funds opened new Blackstone Long-Short Credit Income Fund positions in Q1 2017 and 7 closed out, a net change of 0 holders.
  • The largest Blackstone Long-Short Credit Income Fund buyer in Q1 2017 was Wells Fargo, an estimated $4.66M added.
  • The largest Blackstone Long-Short Credit Income Fund seller in Q1 2017 was Zuckerman Investment Group, an estimated $4.18M sold.

Based on aggregated 13F filings for Q1 2017.