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BGX

Blackstone Long-Short Credit Income Fund
BGX

44 hedge funds and large institutions have $50.1M invested in Blackstone Long-Short Credit Income Fund in 2022 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

8% more capital invested

Capital invested by funds: $46.4M → $50.1M (+$3.69M)

5% more funds holding

Funds holding: 42 → 44 (+2)

2.87% more ownership

Funds ownership: 33.47% → 36.34% (+2.9%)

7% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 15

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
44
Holders Change
+2
Holders Change %
+4.76%
% of All Funds
0.71%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
8
Increased
16
Reduced
15
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$2.27M
2
SIA
Sit Investment Associates
Minnesota
+$1.75M
3
Morgan Stanley
Morgan Stanley
New York
+$1.02M
4
LSC
Logan Stone Capital
Illinois
+$678K
5
SFS
Shaker Financial Services
Virginia
+$540K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$1.23M
2
Wells Fargo
Wells Fargo
California
-$572K
3
GC
Guggenheim Capital
Illinois
-$393K
4
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$362K
5
Invesco
Invesco
Georgia
-$324K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$231K +$32.2K +2,935 +16%
NA
27
NewEdge Advisors
Louisiana
$199K -$2.19K -200 -1%
KAS
28
Kestra Advisory Services
Texas
$193K -$8.44K -770 -4%
WKSWA
29
White Knight Strategic Wealth Advisors
New Jersey
$180K -$27.7K -2,523 -13%
HighTower Advisors
30
HighTower Advisors
Illinois
$164K +$177K +16,126 New
EBA
31
Eagle Bay Advisors
New York
$153K +$36.1K +3,294 +30%
IAIM
32
International Assets Investment Management
Florida
$145K +$146K +13,331 New
Envestnet Asset Management
33
Envestnet Asset Management
Illinois
$135K +$10.9K +994 +9%
CAN
34
Cetera Advisor Networks
California
$129K +$130K +11,863 New
First Trust Advisors
35
First Trust Advisors
Illinois
$128K +$406 +37 +0.3%
WAM
36
Wolverine Asset Management
Illinois
$124K +$125K +11,405 New
RCG
37
Regatta Capital Group
California
$109K +$110K +10,028 New
ASN
38
Advisory Services Network
Georgia
$52.6K +$53.2K +4,853 New
SWM
39
Spire Wealth Management
Virginia
$34K +$5.42K +494 +19%
IFAM
40
Institutional & Family Asset Management
Colorado
$24.4K – – –
AWM
41
AllSquare Wealth Management
New York
$9.76K – – –
PTC
42
Private Trust Company
Ohio
$7K – – –
CSPIA
43
Cary Street Partners Investment Advisory
Virginia
$6.83K +$6.91K +630 New
Bessemer Group
44
Bessemer Group
New Jersey
$3K +$680 +62 +26%
QC
45
Quantedge Capital
Singapore
– -$313K -28,700 Closed
RRCM
46
Rappaport Reiches Capital Management
Illinois
– -$218K -20,000 Closed
CF
47
Centaurus Financial
California
– -$117K -10,695 Closed
Northwestern Mutual Wealth Management
48
Northwestern Mutual Wealth Management
Wisconsin
– -$104K -9,523 Closed
WWMSC
49
Wagner Wealth Management (South Carolina)
South Carolina
– -$24K -2,189 Closed
1
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BGX Hedge Fund Activity: Q4 2022 in Review

44 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q4 2022, worth a combined $50.1M — up 8% from $46.4M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new BGX positions and 5 closed out — a net gain of 3 holders — while 16 added to existing stakes and 15 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $2.27M. The largest seller was Advisors Asset Management, cutting an estimated $1.23M.

  • 44 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q4 2022, up from 42 in Q3 2022.
  • Funds reported $50.1M of Blackstone Long-Short Credit Income Fund stock for Q4 2022, up 8% quarter-over-quarter.
  • 8 funds opened new Blackstone Long-Short Credit Income Fund positions in Q4 2022 and 5 closed out, a net change of +3 holders.
  • The largest Blackstone Long-Short Credit Income Fund buyer in Q4 2022 was Saba Capital Management, an estimated $2.27M added.
  • The largest Blackstone Long-Short Credit Income Fund seller in Q4 2022 was Advisors Asset Management, an estimated $1.23M sold.

Based on aggregated 13F filings for Q4 2022.