Blackstone Long-Short Credit Income Fund
BGX
32 hedge funds and large institutions have $55.4M invested in Blackstone Long-Short Credit Income Fund in 2018 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 6 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 11
0.78% less ownership
Funds ownership: 27.72% → 26.94% (-0.78%)
1% less capital invested
Capital invested by funds: $56M → $55.4M (-$672K)
6% less funds holding
Funds holding: 34 → 32 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.25M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$556K |
| 3 |
Morgan Stanley
New York
|
+$325K |
| 4 |
UR
USCA RIA
Houston,
Texas
|
+$318K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$308K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.25M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.12M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$707K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$380K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$248K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
26
Penserra Capital Management
Orinda,
California
| $205K | +$59.5K | +3,714 | +41% |
|
|
SB
27
Suntrust Banks
Atlanta,
Georgia
| $186K | +$184K | +11,491 | New |
|
|
IFAM
28
Institutional & Family Asset Management
Fort Collins,
Colorado
| $36K | +$36.1K | +2,250 | New |
|
29
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $32K | -$465 | -29 | -1% |
|
|
IA
30
IFP Advisors
Tampa,
Florida
| $32K | – | – | – |
|
|
PFO
31
Pathstone Family Office
Englewood,
New Jersey
| $11K | +$10.9K | +682 | New |
|
32
SEI Investments
Oaks,
Pennsylvania
| $8K | +$8.42K | +525 | New |
|
|
RCM
33
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$707K | -44,430 | Closed |
|
|
CRC
34
Curi RMB Capital
Chicago,
Illinois
| – | -$380K | -23,894 | Closed |
|
|
DA
35
Doliver Advisors
Houston,
Texas
| – | -$248K | -15,549 | Closed |
|
36
SG Americas Securities
New York
| – | -$197K | -12,376 | Closed |
|
37
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$191K | -12,000 | Closed |
|
|
EFS
38
Essex Financial Services
Essex,
Connecticut
| – | -$180K | -11,300 | Closed |
|
BGX Hedge Fund Activity: Q1 2018 in Review
32 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q1 2018, worth a combined $55.4M — down 1.2% from $56M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of BGX and 4 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 12 added.
The largest buyer was Guggenheim Capital, adding an estimated $1.25M. The largest seller was Shaker Financial Services, cutting an estimated $1.25M.
- 32 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q1 2018, down from 34 in Q4 2017.
- Funds reported $55.4M of Blackstone Long-Short Credit Income Fund stock for Q1 2018, down 1.2% quarter-over-quarter.
- 4 funds opened new Blackstone Long-Short Credit Income Fund positions in Q1 2018 and 6 closed out, a net change of -2 holders.
- The largest Blackstone Long-Short Credit Income Fund buyer in Q1 2018 was Guggenheim Capital, an estimated $1.25M added.
- The largest Blackstone Long-Short Credit Income Fund seller in Q1 2018 was Shaker Financial Services, an estimated $1.25M sold.
Based on aggregated 13F filings for Q1 2018.