Blackstone Long-Short Credit Income Fund
BGX
33 hedge funds and large institutions have $52.6M invested in Blackstone Long-Short Credit Income Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 14 reducing their positions, and 7 closing their positions.
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
4% less capital invested
Capital invested by funds: $55.1M → $52.6M (-$2.46M)
1.48% less ownership
Funds ownership: 27.23% → 25.76% (-1.5%)
3% less funds holding
Funds holding: 34 → 33 (-1)
43% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$4.66M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$3.69M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.4M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$450K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$324K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZIG
Zuckerman Investment Group
Chicago,
Illinois
|
-$4.18M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$2.95M |
| 3 |
SCM
Saba Capital Management
New York
|
-$2.19M |
| 4 |
Morgan Stanley
New York
|
-$1.61M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.56M |
BGX Hedge Fund Activity: Q1 2017 in Review
33 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q1 2017, worth a combined $52.6M — down 4.5% from $55.1M a quarter earlier.
Fund positioning in BGX was balanced in Q1 2017: 7 funds opened new positions, 7 closed out, 8 added to existing stakes and 14 trimmed.
The largest buyer was Wells Fargo, adding an estimated $4.66M. The largest seller was Zuckerman Investment Group, exiting entirely with an estimated $4.18M sold.
- 33 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q1 2017, down from 34 in Q4 2016.
- Funds reported $52.6M of Blackstone Long-Short Credit Income Fund stock for Q1 2017, down 4.5% quarter-over-quarter.
- 7 funds opened new Blackstone Long-Short Credit Income Fund positions in Q1 2017 and 7 closed out, a net change of 0 holders.
- The largest Blackstone Long-Short Credit Income Fund buyer in Q1 2017 was Wells Fargo, an estimated $4.66M added.
- The largest Blackstone Long-Short Credit Income Fund seller in Q1 2017 was Zuckerman Investment Group, an estimated $4.18M sold.
Based on aggregated 13F filings for Q1 2017.