Blackstone Mortgage Trust
BXMT
320 hedge funds and large institutions have $1.47B invested in Blackstone Mortgage Trust in 2020 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 119 increasing their positions, 103 reducing their positions, and 102 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 103
7% less call options, than puts
Call options by funds: $3.88M | Put options by funds: $4.18M
2.95% less ownership
Funds ownership: 61.26% → 58.31% (-2.9%)
15% less funds holding
Funds holding: 378 → 320 (-58)
29% less funds holding in top 10
Funds holding in top 10: 14 → 10 (-4)
52% less capital invested
Capital invested by funds: $3.06B → $1.47B (-$1.59B)
53% less first-time investments, than exits
New positions opened: 48 | Existing positions closed: 102
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$30.2M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$26.1M |
| 3 |
SCP
Steamboat Capital Partners
Rye,
New York
|
+$23.7M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
+$17.1M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$16.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$48.4M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
-$42.8M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$29.5M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$25.5M |
| 5 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
-$22.3M |
BXMT Hedge Fund Activity: Q1 2020 in Review
320 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Blackstone Mortgage Trust (BXMT) for Q1 2020, worth a combined $1.47B — down 52% from $3.06B a quarter earlier.
Sellers outnumbered buyers: 102 funds closed out of BXMT and 48 opened new positions — a net loss of 54 holders — while 103 trimmed existing stakes and 119 added.
The largest buyer was Goldman Sachs, adding an estimated $30.2M. The largest seller was Neuberger Berman Group, cutting an estimated $48.4M.
- 320 institutional investors held Blackstone Mortgage Trust (BXMT) as of Q1 2020, down from 378 in Q4 2019.
- Funds reported $1.47B of Blackstone Mortgage Trust stock for Q1 2020, down 52% quarter-over-quarter.
- 48 funds opened new Blackstone Mortgage Trust positions in Q1 2020 and 102 closed out, a net change of -54 holders.
- The largest Blackstone Mortgage Trust buyer in Q1 2020 was Goldman Sachs, an estimated $30.2M added.
- The largest Blackstone Mortgage Trust seller in Q1 2020 was Neuberger Berman Group, an estimated $48.4M sold.
Based on aggregated 13F filings for Q1 2020.