Blackstone Long-Short Credit Income Fund
BGX
33 hedge funds and large institutions have $70.5M invested in Blackstone Long-Short Credit Income Fund in 2016 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 7 closing their positions.
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
3% more funds holding
Funds holding: 32 → 33 (+1)
9% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 11
4% less capital invested
Capital invested by funds: $73.5M → $70.5M (-$3.05M)
4.17% less ownership
Funds ownership: 42.57% → 38.4% (-4.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$3.07M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.14M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$877K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$485K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$479K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$6.72M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.34M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.05M |
| 4 |
SCM
Saba Capital Management
New York
|
-$930K |
| 5 |
LCM
Laurion Capital Management
New York
|
-$814K |
BGX Hedge Fund Activity: Q2 2016 in Review
33 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q2 2016, worth a combined $70.5M — down 4.1% from $73.5M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new BGX positions and 7 closed out — a net gain of 1 holder — while 12 added to existing stakes and 11 trimmed.
The largest buyer was Wells Fargo, adding an estimated $3.07M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $6.72M sold.
- 33 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q2 2016, up from 32 in Q1 2016.
- Funds reported $70.5M of Blackstone Long-Short Credit Income Fund stock for Q2 2016, down 4.1% quarter-over-quarter.
- 8 funds opened new Blackstone Long-Short Credit Income Fund positions in Q2 2016 and 7 closed out, a net change of +1 holder.
- The largest Blackstone Long-Short Credit Income Fund buyer in Q2 2016 was Wells Fargo, an estimated $3.07M added.
- The largest Blackstone Long-Short Credit Income Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $6.72M sold.
Based on aggregated 13F filings for Q2 2016.