Blackstone Long-Short Credit Income Fund
BGX
34 hedge funds and large institutions have $56M invested in Blackstone Long-Short Credit Income Fund in 2017 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
6% more funds holding
Funds holding: 32 → 34 (+2)
1.57% more ownership
Funds ownership: 26.15% → 27.72% (+1.6%)
5% more capital invested
Capital invested by funds: $53.4M → $56M (+$2.62M)
8% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.43M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.31M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$987K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$739K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$383K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.9M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$527K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$513K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$440K |
| 5 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$439K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
UR
26
USCA RIA
Houston,
Texas
| $232K | +$234K | +14,595 | New |
|
|
RCG
27
Ruggie Capital Group
Tavares,
Florida
| $218K | – | – | – |
|
28
SG Americas Securities
New York
| $197K | +$199K | +12,376 | New |
|
|
CG
29
Colony Group
Boston,
Massachusetts
| $192K | +$193K | +12,040 | New |
|
30
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| $191K | – | – | – |
|
|
EFS
31
Essex Financial Services
Essex,
Connecticut
| $180K | -$34.7K | -2,164 | -16% |
|
|
PCM
32
Penserra Capital Management
Orinda,
California
| $142K | +$61.2K | +3,812 | +74% |
|
|
IA
33
IFP Advisors
Tampa,
Florida
| $32K | – | – | – |
|
34
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $32K | +$2.62K | +163 | +9% |
|
|
AWM
35
AE Wealth Management
Topeka,
Kansas
| – | -$439K | -27,275 | Closed |
|
36
LPL Financial
San Diego,
California
| – | -$336K | -20,900 | Closed |
|
|
WAM
37
Wolverine Asset Management
Chicago,
Illinois
| – | -$62K | -3,873 | Closed |
|
|
BI
38
Bramshill Investments
Naples,
Florida
| – | -$3K | -199 | Closed |
|
BGX Hedge Fund Activity: Q4 2017 in Review
34 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q4 2017, worth a combined $56M — up 4.9% from $53.4M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new BGX positions and 4 closed out — a net gain of 2 holders — while 12 added to existing stakes and 13 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $1.43M. The largest seller was Morgan Stanley, cutting an estimated $1.9M.
- 34 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q4 2017, up from 32 in Q3 2017.
- Funds reported $56M of Blackstone Long-Short Credit Income Fund stock for Q4 2017, up 4.9% quarter-over-quarter.
- 6 funds opened new Blackstone Long-Short Credit Income Fund positions in Q4 2017 and 4 closed out, a net change of +2 holders.
- The largest Blackstone Long-Short Credit Income Fund buyer in Q4 2017 was Guggenheim Capital, an estimated $1.43M added.
- The largest Blackstone Long-Short Credit Income Fund seller in Q4 2017 was Morgan Stanley, an estimated $1.9M sold.
Based on aggregated 13F filings for Q4 2017.