Blackstone Secured Lending
BXSL
395 hedge funds and large institutions have $2.18B invested in Blackstone Secured Lending in 2025 Q4 according to their latest regulatory filings, with 84 funds opening new positions, 112 increasing their positions, 149 reducing their positions, and 57 closing their positions.
47% more first-time investments, than exits
New positions opened: 84 | Existing positions closed: 57
43% more call options, than puts
Call options by funds: $32.1M | Put options by funds: $22.4M
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
24% more capital inflows, than outflows
Capital inflows: $401M | Capital outflows: $323M
4% more funds holding
Funds holding: 379 → 395 (+16)
0.92% more ownership
Funds ownership: 34.79% → 35.71% (+0.92%)
25% less repeat investments, than reductions
Existing positions increased: 112 | Existing positions reduced: 149
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$73.1M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$67.2M |
| 3 |
Empyrean Capital Partners
Los Angeles,
California
|
+$20.5M |
| 4 |
Altshuler Shaham
Tel Aviv,
Israel
|
+$20.1M |
| 5 |
OMERS Administration Corp
Toronto,
Ontario, Canada
|
+$16.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$33.5M |
| 2 |
CCLA Investment Management
London,
United Kingdom
|
-$26.1M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$22.7M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$22.3M |
| 5 |
Jane Street
New York
|
-$18.7M |
BXSL Hedge Fund Activity: Q4 2025 in Review
395 of the 8,303 institutional investors tracked by Wall St. Rank reported a position in Blackstone Secured Lending (BXSL) for Q4 2025, worth a combined $2.18B — up 4.2% from $2.09B a quarter earlier.
Buyers outnumbered sellers: 84 funds opened new BXSL positions and 57 closed out — a net gain of 27 holders — while 112 added to existing stakes and 149 trimmed.
The largest buyer was VanEck Associates, adding an estimated $73.1M. The largest seller was Morgan Stanley, cutting an estimated $33.5M.
- 395 institutional investors held Blackstone Secured Lending (BXSL) as of Q4 2025, up from 379 in Q3 2025.
- Funds reported $2.18B of Blackstone Secured Lending stock for Q4 2025, up 4.2% quarter-over-quarter.
- 84 funds opened new Blackstone Secured Lending positions in Q4 2025 and 57 closed out, a net change of +27 holders.
- The largest Blackstone Secured Lending buyer in Q4 2025 was VanEck Associates, an estimated $73.1M added.
- The largest Blackstone Secured Lending seller in Q4 2025 was Morgan Stanley, an estimated $33.5M sold.
Based on aggregated 13F filings for Q4 2025.