BLACKSTONE LONG SHORT CR INC BGX
COM SHS BN INT · Closed-End Fund · CUSIP 09257D102
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $11.34.
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 43 |
| Q4 2022 | 46 |
| Q1 2023 | 46 |
| Q2 2023 | 46 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 24 | 20 |
| Q1 2023 | 20 | 18 |
| Q2 2023 | 19 | 20 |
Biggest buyers
| Saba Capital Management, L.P. | Added | +252.2k |
| MORGAN STANLEY | Added | +107.1k |
| SIT INVESTMENT ASSOCIATES INC | Added | +61.7k |
| AQR Arbitrage LLC | Added | +27.7k |
| Bison Wealth, LLC | New | +18.3k |
| Logan Stone Capital, LLC | Added | +14.9k |
| Next Capital Management LLC | Added | +13.7k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Added | +12.4k |
| Ausdal Financial Partners, Inc. | New | +11.2k |
| BANK OF AMERICA CORP /DE/ | Added | +8.8k |
Biggest sellers
| GUGGENHEIM CAPITAL LLC | Reduced | -105.9k |
| Advisors Asset Management, Inc. | Reduced | -86.4k |
| COHEN & STEERS, INC. | Reduced | -58.5k |
| Shaker Financial Services, LLC | Reduced | -45.4k |
| Invesco Ltd. | Reduced | -33.3k |
| WELLS FARGO & COMPANY/MN | Reduced | -28.3k |
| WOLVERINE ASSET MANAGEMENT LLC | Sold out | -14.3k |
| REGATTA CAPITAL GROUP, LLC | Sold out | -10.0k |
| Advisory Services Network, LLC | Sold out | -4.9k |
| UBS Group AG | Reduced | -3.0k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FIRST TRUST PORTFOLIOS LP 13G · institution filed 2025-04-16 | 14.5% |
Saba Capital Management, L.P.
13D · may seek influence
new · filed 2026-10-21
Stated purposeThe Reporting Persons acquired the Common Shares to which this Schedule 13D relates in the ordinary course of business for investment purposes because they believe that the Common Shares are undervalued and represent an attractive investment opportunity. The Reporting Persons may engage in discussions with management, the Board of Trustees (the "Board"), other shareholders of the Issuer and other relevant parties, including representatives of any of the foregoing, concerning the Reporting Persons' investment in the Common Shares and the Issuer, including, without limitation, matters concerning the Issuer's business, operations, board appointments, governance, performance, management, capitalization, trading of the Common Shares at a discount to the Issuer's net asset value and strategic pl… Full filing |
5.9% |
| SIT INVESTMENT ASSOCIATES INC 13G · institution +0.7 pts · filed 2026-10-02 | 5.5% |
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 1 | $570 | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-22 | McKemie Gordon Portfolio Manager | Sold | $3.7k333 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| SIT INVESTMENT ASSOCIATES INC 0.24% of their portfolio | 798.2k $9.1m | Added +61.7k |
| Saba Capital Management, L.P. 0.22% of their portfolio | 596.0k $6.8m | Added +252.2k |
| MORGAN STANLEY 0.00% of their portfolio | 582.3k $6.6m | Added +107.1k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.20% of their portfolio | 361.9k $4.1m | Added +12.4k |
| Next Capital Management LLC 1.56% of their portfolio | 296.3k $3.4m | Added +13.7k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 256.9k $2.9m | Reduced -105.9k |
| Invesco Ltd. 0.00% of their portfolio | 227.4k $2.6m | Reduced -33.3k |
| COHEN & STEERS, INC. 0.00% of their portfolio | 205.1k $2.3m | Reduced -58.5k |
| Logan Stone Capital, LLC 0.65% of their portfolio | 167.9k $1.9m | Added +14.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 163.5k $1.9m | Reduced -28.3k |
| Shaker Financial Services, LLC 0.76% of their portfolio | 153.1k $1.7m | Reduced -45.4k |
| GraniteShares Advisors LLC 1.32% of their portfolio | 128.8k $1.5m | Reduced -1.4k |
| Advisors Asset Management, Inc. 0.03% of their portfolio | 125.9k $1.4m | Reduced -86.4k |
| AQR Arbitrage LLC 0.05% of their portfolio | 101.8k $1.2m | Added +27.7k |
| UBS Group AG 0.00% of their portfolio | 91.0k $1.0m | Reduced -3.0k |
| Hennion & Walsh Asset Management, Inc. 0.05% of their portfolio | 78.5k $890.0k | Reduced -488 |
| Matisse Capital 0.49% of their portfolio | 69.4k $786.6k | Unchanged |
| OPPENHEIMER & CO INC 0.02% of their portfolio | 68.1k $772.3k | Added +290 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 64.6k $732.3k | Added +8.8k |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.07% of their portfolio | 61.5k $696.8k | Reduced -1.0k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.08% of their portfolio | 52.8k $599.0k | Added +3.4k |
| Capital Investment Advisors, LLC 0.01% of their portfolio | 42.2k $478.1k | Reduced -525 |
| ROBINSON CAPITAL MANAGEMENT, LLC 0.19% of their portfolio | 37.5k $426.8k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 32.8k $371.7k | Reduced -1.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 22.5k $255.0k | Added +870 |
| HighTower Advisors, LLC 0.00% of their portfolio | 19.9k $220.0k | Added +3.9k |
| NewEdge Advisors, LLC 0.00% of their portfolio | 19.4k $220.2k | Added +900 |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 19.1k $216.0k | Added +902 |
| Bison Wealth, LLC 0.04% of their portfolio | 18.3k $208.1k | New |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 16.3k $185.0k | Reduced -2.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 12.3k $138.9k | Reduced -45 |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 12.1k $136.7k | Unchanged |
| Cetera Advisor Networks LLC 0.00% of their portfolio | 11.5k $130.9k | Reduced -200 |
| Ausdal Financial Partners, Inc. 0.02% of their portfolio | 11.2k $127.2k | New |
| White Knight Strategic Wealth Advisors, LLC 0.14% of their portfolio | 10.4k $117.4k | Added +60 |
| PENSION & WEALTH MANAGEMENT ADVISORS, INC. 0.07% of their portfolio | 8.5k $96.6k | Reduced -1.2k |
| SkyView Investment Advisors, LLC 0.01% of their portfolio | 3.7k $41.0k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.6k $40.6k | New |
| Spire Wealth Management 0.00% of their portfolio | 3.2k $35.8k | Unchanged |
| INSTITUTIONAL & FAMILY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 2.2k $25.5k | Unchanged |
| AllSquare Wealth Management LLC 0.01% of their portfolio | 900 $9.7k | Unchanged |
| Eagle Bay Advisors LLC 0.00% of their portfolio | 649 $7.4k | Reduced -1.8k |
| PRIVATE TRUST CO NA 0.00% of their portfolio | 630 $7.1k | Unchanged |
| CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.00% of their portfolio | 630 $7.1k | Unchanged |
| BESSEMER GROUP INC 0.00% of their portfolio | 407 $5.0k | Added +96 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |