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Blackstone Mortgage Trust

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: 8494 (+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: 65 (-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
Name Holding Trade Value Shares
Change
Change in
Stake
LPC
1
Long Pond Capital
New York
$78.5M +$7.55M +295,000 +11%
Blackstone Inc
2
Blackstone Inc
New York
$66.8M
Goldman Sachs
3
Goldman Sachs
New York
$62.1M +$85.2K +3,329 +0.1%
Wellington Management Group
4
Wellington Management Group
Massachusetts
$45.3M +$781K +30,500 +2%
U
5
UBS
Switzerland
$31.9M +$5.47M +213,555 +22%
Allianz Asset Management
6
Allianz Asset Management
Germany
$31M +$29.2M +1,141,500 New
ECU
7
Egerton Capital (UK)
United Kingdom
$30.1M +$17.2M +671,952 +154%
CS
8
Credit Suisse
Switzerland
$27.1M -$1.21M -47,408 -5%
N
9
Nuveen
North Carolina
$26.4M +$1.96M +76,406 +9%
GA
10
GRS Advisors
Illinois
$22.5M +$154K +6,000 +0.7%
Vanguard Group
11
Vanguard Group
Pennsylvania
$19.1M +$700K +27,345 +4%
Fidelity Investments
12
Fidelity Investments
Massachusetts
$17.2M +$1.25M +48,700 +8%
Lazard Asset Management
13
Lazard Asset Management
New York
$13.8M +$1.93M +75,384 +17%
Schroder Investment Management Group
14
Schroder Investment Management Group
United Kingdom
$13.5M -$1.34M -52,298 -9%
Citigroup
15
Citigroup
New York
$12.8M -$500K -19,539 -4%
SONJCPFE
16
State of New Jersey Common Pension Fund E
New Jersey
$11.3M -$2.56M -100,000 -19%
O
17
OppenheimerFunds
New York
$10.9M +$1.28M +50,125 +14%
MF
18
Magnetar Financial
Illinois
$10.7M -$7.04M -275,053 -41%
Neuberger Berman Group
19
Neuberger Berman Group
New York
$9.32M +$1.21M +47,385 +16%
BIT
20
BlackRock Institutional Trust
California
$9.13M +$6.71M +262,179 +352%
MIM
21
Mittleman Investment Management
New York
$8.81M +$1.43M +55,918 +21%
WCM
22
Wesley Capital Management
New York
$8.14M -$5.94M -232,084 -44%
Two Sigma Investments
23
Two Sigma Investments
New York
$7.49M +$7.07M +276,137 New
KCM
24
Kennedy Capital Management
Missouri
$6.21M +$2.9M +113,230 +98%
CCA
25
Canyon Capital Advisors
Texas
$5.83M

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.