Blackstone Mortgage Trust
BXMT
319 hedge funds and large institutions have $2.07B invested in Blackstone Mortgage Trust in 2025 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 113 increasing their positions, 119 reducing their positions, and 35 closing their positions.
5% less repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 119
1.85% less ownership
Funds ownership: 64.32% → 62.47% (-1.9%)
3% less funds holding
Funds holding: 329 → 319 (-10)
7% less capital invested
Capital invested by funds: $2.21B → $2.07B (-$144M)
14% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 35
66% less call options, than puts
Call options by funds: $30.5M | Put options by funds: $90.4M
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAMCO Inc
New York
|
+$28.3M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$11.4M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$5.69M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$5.62M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$4.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$37.2M |
| 2 |
SSA
Schonfeld Strategic Advisors
New York
|
-$15.6M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$11.7M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$5.78M |
| 5 |
DFCM
Dark Forest Capital Management
San Juan,
Puerto Rico
|
-$4.85M |
BXMT Hedge Fund Activity: Q2 2025 in Review
319 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Blackstone Mortgage Trust (BXMT) for Q2 2025, worth a combined $2.07B — down 6.5% from $2.21B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of BXMT and 30 opened new positions — a net loss of 5 holders — while 119 trimmed existing stakes and 113 added.
The largest buyer was BAMCO Inc, adding an estimated $28.3M. The largest seller was BlackRock, cutting an estimated $37.2M.
- 319 institutional investors held Blackstone Mortgage Trust (BXMT) as of Q2 2025, down from 329 in Q1 2025.
- Funds reported $2.07B of Blackstone Mortgage Trust stock for Q2 2025, down 6.5% quarter-over-quarter.
- 30 funds opened new Blackstone Mortgage Trust positions in Q2 2025 and 35 closed out, a net change of -5 holders.
- The largest Blackstone Mortgage Trust buyer in Q2 2025 was BAMCO Inc, an estimated $28.3M added.
- The largest Blackstone Mortgage Trust seller in Q2 2025 was BlackRock, an estimated $37.2M sold.
Based on aggregated 13F filings for Q2 2025.