Blackstone Long-Short Credit Income Fund
BGX
39 hedge funds and large institutions have $32.5M invested in Blackstone Long-Short Credit Income Fund in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 8 closing their positions.
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
4.4% more ownership
Funds ownership: 19.89% → 24.29% (+4.4%)
3% more funds holding
Funds holding: 38 → 39 (+1)
18% less capital invested
Capital invested by funds: $39.5M → $32.5M (-$6.97M)
46% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$6.02M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.41M |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
+$1.19M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$897K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$826K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VEA
Virtus ETF Advisers
New York
|
-$1.03M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$671K |
| 3 |
JP Morgan Chase
New York
|
-$434K |
| 4 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$426K |
| 5 |
LPL Financial
San Diego,
California
|
-$386K |
BGX Hedge Fund Activity: Q1 2020 in Review
39 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q1 2020, worth a combined $32.5M — down 18% from $39.5M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new BGX positions and 8 closed out — a net gain of 3 holders — while 7 added to existing stakes and 13 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $6.02M. The largest seller was Virtus ETF Advisers, cutting an estimated $1.03M.
- 39 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q1 2020, up from 38 in Q4 2019.
- Funds reported $32.5M of Blackstone Long-Short Credit Income Fund stock for Q1 2020, down 18% quarter-over-quarter.
- 11 funds opened new Blackstone Long-Short Credit Income Fund positions in Q1 2020 and 8 closed out, a net change of +3 holders.
- The largest Blackstone Long-Short Credit Income Fund buyer in Q1 2020 was Saba Capital Management, an estimated $6.02M added.
- The largest Blackstone Long-Short Credit Income Fund seller in Q1 2020 was Virtus ETF Advisers, an estimated $1.03M sold.
Based on aggregated 13F filings for Q1 2020.