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Blackstone Mortgage Trust
BXMT

84 hedge funds and large institutions have $652M invested in Blackstone Mortgage Trust in 2013 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 34 increasing their positions, 19 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

523% more call options, than puts

Call options by funds: $1.55M | Put options by funds: $249K

79% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 19

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

1% more capital invested

Capital invested by funds: $643M → $652M (+$9.15M)

1.25% less ownership

Funds ownership: 92.79% → 91.54% (-1.2%)

5% less funds holding

Funds holding: 88 → 84 (-4)

18% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 17

Holders
84
Holders Change
-4
Holders Change %
-4.55%
% of All Funds
2.72%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.19%
New
14
Increased
34
Reduced
19
Closed
17
Calls
$1.55M
Puts
$249K
Net Calls
+$1.3M
Net Calls Change
+$1.35M

Top Buyers

Rank Fund Capital Flow
1
U
UBS
Switzerland
+$24.4M
2
N
Nuveen
North Carolina
+$9.06M
3
GA
GRS Advisors
Illinois
+$7.88M
4
PG
PEAK6 Group
Illinois
+$6.49M
5
MF
Magnetar Financial
Illinois
+$4.51M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$15.4M
2
Citadel Advisors
Citadel Advisors
Florida
-$13.6M
3
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$6.71M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$6.37M
5
Jennison Associates
Jennison Associates
New York
-$5.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
26
Citadel Advisors
Florida
$8.64M -$13.6M -533,511 -61%
Morgan Stanley
27
Morgan Stanley
New York
$8.32M -$15.4M -605,928 -65%
PFMOSF
28
Philadelphia Financial Management of San Francisco
California
$7.84M -$5.12M -201,441 -39%
Neuberger Berman Group
29
Neuberger Berman Group
New York
$7.46M +$2.74M +107,813 +57%
MIM
30
Mittleman Investment Management
New York
$6.78M +$4.42K +174 +0.1%
AWCI
31
Alpine Woods Capital Investors
New York
$5.57M – – –
CCA
32
Canyon Capital Advisors
Texas
$5.42M +$11.2K +440 +0.2%
JP Morgan Chase
33
JP Morgan Chase
New York
$3.65M -$5.26K -207 -0.1%
PCM
34
Pentwater Capital Management
Florida
$3.52M -$262K -10,300 -7%
Geode Capital Management
35
Geode Capital Management
Massachusetts
$3.03M +$668K +26,308 +28%
KCM
36
Kennedy Capital Management
Missouri
$2.91M +$2.94M +115,587 New
PAIM
37
Punch & Associates Investment Management
Minnesota
$2.63M +$2.66M +104,555 New
IG
38
ING Group
Netherlands
$2.6M +$2.62M +103,000 New
Alyeska Investment Group
39
Alyeska Investment Group
Illinois
$2.54M -$6.71M -264,046 -72%
Wells Fargo
40
Wells Fargo
California
$2.54M +$1.95M +76,741 +318%
AI
41
ArchPoint Investors
Florida
$2.48M +$804K +31,635 +47%
D.E. Shaw & Co
42
D.E. Shaw & Co
New York
$2.44M -$2.76M -108,476 -53%
MCM
43
Mazama Capital Management
Oregon
$2.24M – – –
California Public Employees Retirement System
44
California Public Employees Retirement System
California
$2.11M +$1.93M +75,900 +984%
ECM
45
EII Capital Management
New York
$2.09M – – –
BIT
46
BlackRock Institutional Trust
California
$1.87M +$1.77M +69,618 +1,452%
Invesco
47
Invesco
Georgia
$1.85M +$1.63M +63,988 +664%
Northern Trust
48
Northern Trust
Illinois
$1.34M +$123K +4,850 +10%
CBB
49
Citizens Business Bank
California
$1.27M +$1.29M +50,588 New
CANY
50
Caxton Associates (New York)
New York
$1.26M – – –
1
2
3 4 5

BXMT Hedge Fund Activity: Q3 2013 in Review

84 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Blackstone Mortgage Trust (BXMT) for Q3 2013, worth a combined $652M — up 1.4% from $643M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of BXMT and 14 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 34 added.

The largest buyer was UBS, adding an estimated $24.4M. The largest seller was Morgan Stanley, cutting an estimated $15.4M.

  • 84 institutional investors held Blackstone Mortgage Trust (BXMT) as of Q3 2013, down from 88 in Q2 2013.
  • Funds reported $652M of Blackstone Mortgage Trust stock for Q3 2013, up 1.4% quarter-over-quarter.
  • 14 funds opened new Blackstone Mortgage Trust positions in Q3 2013 and 17 closed out, a net change of -3 holders.
  • The largest Blackstone Mortgage Trust buyer in Q3 2013 was UBS, an estimated $24.4M added.
  • The largest Blackstone Mortgage Trust seller in Q3 2013 was Morgan Stanley, an estimated $15.4M sold.

Based on aggregated 13F filings for Q3 2013.