Blackstone Secured Lending
BXSL
372 hedge funds and large institutions have $2.57B invested in Blackstone Secured Lending in 2025 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 163 increasing their positions, 93 reducing their positions, and 38 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 163 | Existing positions reduced: 93
14% more funds holding in top 10
Funds holding in top 10: 14 → 16 (+2)
13% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 38
3% more capital invested
Capital invested by funds: $2.49B → $2.57B (+$79.5M)
0% less funds holding
Funds holding: 373 → 372 (-1)
0.71% less ownership
Funds ownership: 35.61% → 34.9% (-0.71%)
43% less call options, than puts
Call options by funds: $9.67M | Put options by funds: $16.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
CCLA Investment Management
London,
United Kingdom
|
+$37.2M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$32.4M |
| 3 |
GAM
Generali Asset Management
Trieste,
Italy
|
+$28.7M |
| 4 |
NFC
Northeast Financial Consultants
Westport,
Connecticut
|
+$25.8M |
| 5 |
Morgan Stanley
New York
|
+$21.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ensign Peak Advisors
Salt Lake City,
Utah
|
-$76.5M |
| 2 |
VanEck Associates
New York
|
-$29.8M |
| 3 |
AM
Ares Management
Los Angeles,
California
|
-$9.65M |
| 4 |
GF
Gries Financial
Cleveland,
Ohio
|
-$9.2M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$5.97M |
BXSL Hedge Fund Activity: Q1 2025 in Review
372 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Blackstone Secured Lending (BXSL) for Q1 2025, worth a combined $2.57B — up 3.2% from $2.49B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new BXSL positions and 38 closed out — a net gain of 5 holders — while 163 added to existing stakes and 93 trimmed.
The largest buyer was CCLA Investment Management, adding an estimated $37.2M. The largest seller was Ensign Peak Advisors, cutting an estimated $76.5M.
- 372 institutional investors held Blackstone Secured Lending (BXSL) as of Q1 2025, down from 373 in Q4 2024.
- Funds reported $2.57B of Blackstone Secured Lending stock for Q1 2025, up 3.2% quarter-over-quarter.
- 43 funds opened new Blackstone Secured Lending positions in Q1 2025 and 38 closed out, a net change of +5 holders.
- The largest Blackstone Secured Lending buyer in Q1 2025 was CCLA Investment Management, an estimated $37.2M added.
- The largest Blackstone Secured Lending seller in Q1 2025 was Ensign Peak Advisors, an estimated $76.5M sold.
Based on aggregated 13F filings for Q1 2025.