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BGX

Blackstone Long-Short Credit Income Fund
BGX

39 hedge funds and large institutions have $32.5M invested in Blackstone Long-Short Credit Income Fund in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

4.4% more ownership

Funds ownership: 19.89% → 24.29% (+4.4%)

3% more funds holding

Funds holding: 38 → 39 (+1)

18% less capital invested

Capital invested by funds: $39.5M → $32.5M (-$6.97M)

46% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 13

Holders
39
Holders Change
+1
Holders Change %
+2.63%
% of All Funds
0.86%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
7
Reduced
13
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$6.02M
2
RCM
Robinson Capital Management
Michigan
+$1.41M
3
MC
Matisse Capital
Oregon
+$1.19M
4
SIA
Sit Investment Associates
Minnesota
+$897K
5
CRC
Curi RMB Capital
Illinois
+$826K

Top Sellers

Rank Fund Capital Flow
1
VEA
Virtus ETF Advisers
New York
-$1.03M
2
Invesco
Invesco
Georgia
-$671K
3
JP Morgan Chase
JP Morgan Chase
New York
-$434K
4
IAA
Independent Advisor Alliance
North Carolina
-$426K
5
LPL Financial
LPL Financial
California
-$386K
Name Holding Trade Value Shares
Change 		Change in
Stake
BAM
26
Belpointe Asset Management
Nevada
$186K -$55.8K -3,850 -18%
Truist Financial
27
Truist Financial
North Carolina
$180K -$59.5K -4,100 -19%
MWPCG
28
Measured Wealth Private Client Group
New Hampshire
$149K – – –
AFP
29
Ausdal Financial Partners
Iowa
$146K – – –
FFG
30
Ford Financial Group
California
$116K -$114K -7,875 -42%
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$113K -$102K -7,009 -40%
ASN
32
Advisory Services Network
Georgia
$34K +$46.7K +3,223 New
Northwestern Mutual Wealth Management
33
Northwestern Mutual Wealth Management
Wisconsin
$32K – – –
IFAM
34
Institutional & Family Asset Management
Colorado
$24K – – –
SIM
35
Sonora Investment Management
Arizona
$8K – – –
BFEC
36
Benjamin F. Edwards & Company
Missouri
$7K -$19.5K -1,343 -68%
TFS
37
TrustCore Financial Services
Tennessee
$7K – – –
PCG
38
Private Capital Group
Connecticut
$2K – – –
IAA
39
Independent Advisor Alliance
North Carolina
– -$426K -27,235 Closed
LPL Financial
40
LPL Financial
California
– -$386K -24,694 Closed
Millennium Management
41
Millennium Management
New York
– -$336K -21,500 Closed
PTP
42
Platform Technology Partners
New York
– -$195K -12,445 Closed
FIA
43
FNY Investment Advisers
New York
– -$137K -8,800 Closed
Citigroup
44
Citigroup
New York
– -$37K -2,348 Closed
RIA
45
Realta Investment Advisors
Delaware
– -$23K -1,500 Closed
Rockefeller Capital Management
46
Rockefeller Capital Management
New York
– -$2K -102 Closed
1
2

BGX Hedge Fund Activity: Q1 2020 in Review

39 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q1 2020, worth a combined $32.5M — down 18% from $39.5M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new BGX positions and 8 closed out — a net gain of 3 holders — while 7 added to existing stakes and 13 trimmed.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $6.02M. The largest seller was Virtus ETF Advisers, cutting an estimated $1.03M.

  • 39 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q1 2020, up from 38 in Q4 2019.
  • Funds reported $32.5M of Blackstone Long-Short Credit Income Fund stock for Q1 2020, down 18% quarter-over-quarter.
  • 11 funds opened new Blackstone Long-Short Credit Income Fund positions in Q1 2020 and 8 closed out, a net change of +3 holders.
  • The largest Blackstone Long-Short Credit Income Fund buyer in Q1 2020 was Saba Capital Management, an estimated $6.02M added.
  • The largest Blackstone Long-Short Credit Income Fund seller in Q1 2020 was Virtus ETF Advisers, an estimated $1.03M sold.

Based on aggregated 13F filings for Q1 2020.