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Blackstone Mortgage Trust
BXMT

94 hedge funds and large institutions have $668M invested in Blackstone Mortgage Trust in 2013 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 35 increasing their positions, 21 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

153% more call options, than puts

Call options by funds: $3.55M | Put options by funds: $1.4M

71% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 14

67% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 21

12% more funds holding

Funds holding: 84 → 94 (+10)

2% more capital invested

Capital invested by funds: $652M → $668M (+$15.8M)

6.05% less ownership

Funds ownership: 91.54% → 85.49% (-6%)

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

Holders
94
Holders Change
+10
Holders Change %
+11.9%
% of All Funds
2.73%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.15%
New
24
Increased
35
Reduced
21
Closed
14
Calls
$3.55M
Puts
$1.4M
Net Calls
+$2.15M
Net Calls Change
+$845K

Top Buyers

Rank Fund Capital Flow
1
Allianz Asset Management
Allianz Asset Management
Germany
+$29.2M
2
ECU
Egerton Capital (UK)
United Kingdom
+$17.2M
3
LPC
Long Pond Capital
New York
+$7.55M
4
Two Sigma Investments
Two Sigma Investments
New York
+$7.07M
5
BIT
BlackRock Institutional Trust
California
+$6.71M

Top Sellers

Rank Fund Capital Flow
1
SRES
Starwood Real Estate Securities
Connecticut
-$17.9M
2
HCM
Highfields Capital Management
Massachusetts
-$15.1M
3
Westfield Capital Management
Westfield Capital Management
Massachusetts
-$13.1M
4
BC
Balestra Capital
New York
-$12.3M
5
PG
PEAK6 Group
Illinois
-$11.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
SG Americas Securities
51
SG Americas Securities
New York
$1.08M +$1.02M +40,000 New
Bank of America
52
Bank of America
North Carolina
$1.03M +$79.9K +3,120 +9%
ECM
53
EII Capital Management
New York
$993K -$1.18M -46,200 -56%
CSC
54
Cove Street Capital
California
$833K +$786K +30,705 New
DCM
55
Dialectic Capital Management
Connecticut
$814K +$768K +30,000 New
EEG
56
E.E. Geduld
$800K +$141K +5,500 +23%
SCM
57
Silver Capital Management
New York
$787K – – –
Charles Schwab
58
Charles Schwab
California
$747K +$172K +6,712 +32%
FM
59
Forward Management
California
$714K – – –
GI
60
GLG Inc
New York
$678K – – –
State Street
61
State Street
Massachusetts
$532K – – –
LPC
62
Loeb Partners Corp
New York
$518K – – –
DC
63
Deere & Company
Illinois
$514K -$535K -20,899 -52%
DLG
64
Daniel L. Goodwin
$511K – – –
GC
65
Guggenheim Capital
Illinois
$490K +$463K +18,078 New
PNC Financial Services Group
66
PNC Financial Services Group
Pennsylvania
$434K -$135K -5,260 -25%
D.E. Shaw & Co
67
D.E. Shaw & Co
New York
$404K -$2.1M -81,865 -85%
PCM
68
Prelude Capital Management
New York
$396K +$58.9K +2,300 +19%
SIA
69
SeaBridge Investment Advisors
New Jersey
$348K +$328K +12,810 New
PI
70
Placemark Investments
Illinois
$335K +$317K +12,369 New
M&T Bank
71
M&T Bank
New York
$271K -$50.9K -1,989 -17%
Susquehanna International Group
72
Susquehanna International Group
Pennsylvania
$268K +$253K +9,874 New
VKH
73
Virtu KCG Holdings
New York
$242K +$228K +8,926 New
CAM
74
ClariVest Asset Management
California
$228K +$215K +8,400 New
CAM
75
Capstone Asset Management
Texas
$227K +$214K +8,366 New
1 2
3
4 5

BXMT Hedge Fund Activity: Q4 2013 in Review

94 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Blackstone Mortgage Trust (BXMT) for Q4 2013, worth a combined $668M — up 2.4% from $652M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new BXMT positions and 14 closed out — a net gain of 10 holders — while 35 added to existing stakes and 21 trimmed.

The largest buyer was Allianz Asset Management, opening a new position worth an estimated $29.2M. The largest seller was Starwood Real Estate Securities, exiting entirely with an estimated $17.9M sold.

  • 94 institutional investors held Blackstone Mortgage Trust (BXMT) as of Q4 2013, up from 84 in Q3 2013.
  • Funds reported $668M of Blackstone Mortgage Trust stock for Q4 2013, up 2.4% quarter-over-quarter.
  • 24 funds opened new Blackstone Mortgage Trust positions in Q4 2013 and 14 closed out, a net change of +10 holders.
  • The largest Blackstone Mortgage Trust buyer in Q4 2013 was Allianz Asset Management, an estimated $29.2M added.
  • The largest Blackstone Mortgage Trust seller in Q4 2013 was Starwood Real Estate Securities, an estimated $17.9M sold.

Based on aggregated 13F filings for Q4 2013.