Blackstone Long-Short Credit Income Fund
BGX
29 hedge funds and large institutions have $42.7M invested in Blackstone Long-Short Credit Income Fund in 2019 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 14 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
4% less capital invested
Capital invested by funds: $44.3M → $42.7M (-$1.67M)
3.41% less ownership
Funds ownership: 25.42% → 22.01% (-3.4%)
24% less funds holding
Funds holding: 38 → 29 (-9)
64% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Next Capital Management
New York
|
+$1.76M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$437K |
| 3 |
LPL Financial
San Diego,
California
|
+$363K |
| 4 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$237K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$235K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.29M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.25M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$951K |
| 4 |
UR
USCA RIA
Houston,
Texas
|
-$912K |
| 5 |
GWM
Greenwich Wealth Management
Greenwich,
Connecticut
|
-$818K |
BGX Hedge Fund Activity: Q1 2019 in Review
29 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q1 2019, worth a combined $42.7M — down 3.8% from $44.3M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BGX and 5 opened new positions — a net loss of 9 holders — while 8 trimmed existing stakes and 12 added.
The largest buyer was Next Capital Management, opening a new position worth an estimated $1.76M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $2.29M sold.
- 29 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q1 2019, down from 38 in Q4 2018.
- Funds reported $42.7M of Blackstone Long-Short Credit Income Fund stock for Q1 2019, down 3.8% quarter-over-quarter.
- 5 funds opened new Blackstone Long-Short Credit Income Fund positions in Q1 2019 and 14 closed out, a net change of -9 holders.
- The largest Blackstone Long-Short Credit Income Fund buyer in Q1 2019 was Next Capital Management, an estimated $1.76M added.
- The largest Blackstone Long-Short Credit Income Fund seller in Q1 2019 was Shaker Financial Services, an estimated $2.29M sold.
Based on aggregated 13F filings for Q1 2019.