Blackstone Long-Short Credit Income Fund
BGX
32 hedge funds and large institutions have $56.9M invested in Blackstone Long-Short Credit Income Fund in 2017 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 7 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
8% more capital invested
Capital invested by funds: $52.6M → $56.9M (+$4.28M)
2% more ownership
Funds ownership: 25.76% → 27.75% (+2%)
3% less funds holding
Funds holding: 33 → 32 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$5.18M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.2M |
| 3 |
Citigroup
New York
|
+$1.63M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.5M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$509K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.84M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.46M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.17M |
| 4 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$1.13M |
| 5 |
Morgan Stanley
New York
|
-$621K |
BGX Hedge Fund Activity: Q2 2017 in Review
32 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q2 2017, worth a combined $56.9M — up 8.1% from $52.6M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of BGX and 6 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 12 added.
The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $5.18M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.84M.
- 32 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q2 2017, down from 33 in Q1 2017.
- Funds reported $56.9M of Blackstone Long-Short Credit Income Fund stock for Q2 2017, up 8.1% quarter-over-quarter.
- 6 funds opened new Blackstone Long-Short Credit Income Fund positions in Q2 2017 and 7 closed out, a net change of -1 holder.
- The largest Blackstone Long-Short Credit Income Fund buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $5.18M added.
- The largest Blackstone Long-Short Credit Income Fund seller in Q2 2017 was Rivernorth Capital Management, an estimated $3.84M sold.
Based on aggregated 13F filings for Q2 2017.