Blackstone Long-Short Credit Income Fund
BGX
34 hedge funds and large institutions have $32.5M invested in Blackstone Long-Short Credit Income Fund in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 11 closing their positions.
0% less capital invested
Capital invested by funds: $32.5M → $32.5M (-$66K)
8% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 12
3.09% less ownership
Funds ownership: 24.29% → 21.2% (-3.1%)
13% less funds holding
Funds holding: 39 → 34 (-5)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.15M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.12M |
| 3 |
Morgan Stanley
New York
|
+$1.07M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$679K |
| 5 |
PAS
Park Avenue Securities
New York
|
+$674K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.38M |
| 2 |
VEA
Virtus ETF Advisers
New York
|
-$1.62M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.07M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$547K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$432K |
BGX Hedge Fund Activity: Q2 2020 in Review
34 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Blackstone Long-Short Credit Income Fund (BGX) for Q2 2020, worth a combined $32.5M — down 0.2% from $32.5M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BGX and 6 opened new positions — a net loss of 5 holders — while 12 trimmed existing stakes and 11 added.
The largest buyer was Shaker Financial Services, adding an estimated $1.15M. The largest seller was Saba Capital Management, exiting entirely with an estimated $4.38M sold.
- 34 institutional investors held Blackstone Long-Short Credit Income Fund (BGX) as of Q2 2020, down from 39 in Q1 2020.
- Funds reported $32.5M of Blackstone Long-Short Credit Income Fund stock for Q2 2020, down 0.2% quarter-over-quarter.
- 6 funds opened new Blackstone Long-Short Credit Income Fund positions in Q2 2020 and 11 closed out, a net change of -5 holders.
- The largest Blackstone Long-Short Credit Income Fund buyer in Q2 2020 was Shaker Financial Services, an estimated $1.15M added.
- The largest Blackstone Long-Short Credit Income Fund seller in Q2 2020 was Saba Capital Management, an estimated $4.38M sold.
Based on aggregated 13F filings for Q2 2020.