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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
+$29.2M |
| 2 |
ECU
Egerton Capital (UK)
London,
United Kingdom
|
+$17.2M |
| 3 |
LPC
Long Pond Capital
New York
|
+$7.55M |
| 4 |
Two Sigma Investments
New York
|
+$7.07M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$6.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SRES
Starwood Real Estate Securities
Greenwich,
Connecticut
|
-$17.9M |
| 2 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$15.1M |
| 3 |
Westfield Capital Management
Boston,
Massachusetts
|
-$13.1M |
| 4 |
BC
Balestra Capital
New York
|
-$12.3M |
| 5 |
PG
PEAK6 Group
Chicago,
Illinois
|
-$11.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PFMOSF
101
Philadelphia Financial Management of San Francisco
San Francisco,
California
| – | -$7.84M | -311,164 | Closed |
|
|
PCM
102
Pentwater Capital Management
Naples,
Florida
| – | -$3.52M | -139,700 | Closed |
|
103
Alyeska Investment Group
Chicago,
Illinois
| – | -$2.54M | -100,954 | Closed |
|
|
CANY
104
Caxton Associates (New York)
New York
| – | -$1.26M | -50,000 | Closed |
|
|
HCS
105
Harvest Capital Strategies
San Francisco,
California
| – | -$931K | -36,947 | Closed |
|
|
FIG
106
Fortress Investment Group
New York
| – | -$625K | -24,800 | Closed |
|
|
JIR
107
James Investment Research
Alpha,
Ohio
| – | -$22K | -874 | Closed |
|
108
Nomura Holdings
Tokyo,
Japan
| – | -$1K | -40 | Closed |
|
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.