Blackstone Long-Short Credit Income Fund
BGX
35 hedge funds and large institutions have $67.5M invested in Blackstone Long-Short Credit Income Fund in 2013 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 3 closing their positions.
267% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 3
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
30% more funds holding
Funds holding: 27 → 35 (+8)
17% more capital invested
Capital invested by funds: $57.5M → $67.5M (+$9.99M)
5.3% more ownership
Funds ownership: 24.45% → 29.75% (+5.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.58M |
| 2 |
SCM
Saba Capital Management
New York
|
+$3.1M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.89M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.25M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
-$2.47M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.54M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.03M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$913K |
| 5 |
Comerica Bank
Dallas,
Texas
|
-$393K |
BGX Hedge Fund Activity: Q4 2013 in Review
35 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q4 2013, worth a combined $67.5M — up 17% from $57.5M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new BGX positions and 3 closed out — a net gain of 8 holders — while 12 added to existing stakes and 8 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $6.58M. The largest seller was UBS, cutting an estimated $2.47M.
- 35 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q4 2013, up from 27 in Q3 2013.
- Funds reported $67.5M of Blackstone Long-Short Credit Income Fund stock for Q4 2013, up 17% quarter-over-quarter.
- 11 funds opened new Blackstone Long-Short Credit Income Fund positions in Q4 2013 and 3 closed out, a net change of +8 holders.
- The largest Blackstone Long-Short Credit Income Fund buyer in Q4 2013 was Rivernorth Capital Management, an estimated $6.58M added.
- The largest Blackstone Long-Short Credit Income Fund seller in Q4 2013 was UBS, an estimated $2.47M sold.
Based on aggregated 13F filings for Q4 2013.