Blackstone Long-Short Credit Income Fund
BGX
38 hedge funds and large institutions have $44.3M invested in Blackstone Long-Short Credit Income Fund in 2018 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 9 increasing their positions, 13 reducing their positions, and 5 closing their positions.
200% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 5
31% more funds holding
Funds holding: 29 → 38 (+9)
2.86% less ownership
Funds ownership: 28.28% → 25.42% (-2.9%)
24% less capital invested
Capital invested by funds: $58.7M → $44.3M (-$14.4M)
31% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 13
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.41M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.3M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.06M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$978K |
| 5 |
QGA
Q Global Advisors
Fort Worth,
Texas
|
+$612K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$3.92M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$2.17M |
| 3 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$1.74M |
| 4 |
Morgan Stanley
New York
|
-$1.28M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.26M |
BGX Hedge Fund Activity: Q4 2018 in Review
38 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q4 2018, worth a combined $44.3M — down 24% from $58.7M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new BGX positions and 5 closed out — a net gain of 10 holders — while 9 added to existing stakes and 13 trimmed.
The largest buyer was Shaker Financial Services, adding an estimated $1.41M. The largest seller was Wells Fargo, cutting an estimated $3.92M.
- 38 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q4 2018, up from 29 in Q3 2018.
- Funds reported $44.3M of Blackstone Long-Short Credit Income Fund stock for Q4 2018, down 24% quarter-over-quarter.
- 15 funds opened new Blackstone Long-Short Credit Income Fund positions in Q4 2018 and 5 closed out, a net change of +10 holders.
- The largest Blackstone Long-Short Credit Income Fund buyer in Q4 2018 was Shaker Financial Services, an estimated $1.41M added.
- The largest Blackstone Long-Short Credit Income Fund seller in Q4 2018 was Wells Fargo, an estimated $3.92M sold.
Based on aggregated 13F filings for Q4 2018.