BLACKSTONE SECD LENDING FD BXSL
COMMON STOCK · Common Stock · CUSIP 09261X102
* 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. Shares outstanding: 231.2m as of 2025-11-03, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $26.12. Options: 9 managers hold calls ($16.4m notional), 10 hold puts ($33.1m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 143 |
| Q4 2022 | 161 |
| Q1 2023 | 202 |
| Q2 2023 | 232 |
| Q3 2023 | 253 |
| Q4 2023 | 285 |
| Q1 2024 | 295 |
| Q2 2024 | 305 |
| Q3 2024 | 342 |
| Q4 2024 | 373 |
| Q1 2025 | 374 |
| Q2 2025 | 389 |
| Q3 2025 | 379 |
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 2023 | 157 | 83 |
| Q1 2024 | 160 | 108 |
| Q2 2024 | 167 | 99 |
| Q3 2024 | 192 | 97 |
| Q4 2024 | 221 | 114 |
| Q1 2025 | 203 | 132 |
| Q2 2025 | 201 | 137 |
| Q3 2025 | 198 | 150 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $19.6m | $15.5m | 0.79 |
| Q1 2025 | $9.7m | $16.9m | 1.75 |
| Q2 2025 | $23.0m | $15.0m | 0.65 |
| Q3 2025 | $16.4m | $33.1m | 2.02 |
Biggest buyers
| Corient Private Wealth LP | Added | +3.2m |
| JPMORGAN CHASE & CO | Added | +1.3m |
| MARSHALL WACE, LLP | Added | +801.0k |
| JANE STREET GROUP, LLC | Added | +631.6k |
| FMR LLC | New | +631.0k |
| Qube Research & Technologies Ltd | Added | +566.0k |
| Trexquant Investment LP | Added | +452.2k |
| MILLENNIUM MANAGEMENT LLC | Added | +425.9k |
| OMERS ADMINISTRATION Corp | Added | +421.6k |
| CITADEL ADVISORS LLC | Added | +312.2k |
Biggest sellers
| VAN ECK ASSOCIATES CORP | Reduced | -2.4m |
| BANK OF AMERICA CORP /DE/ | Reduced | -2.1m |
| UBS Group AG | Reduced | -1.5m |
| ROYAL BANK OF CANADA | Reduced | -1.4m |
| 1832 Asset Management L.P. | Reduced | -961.8k |
| BlackRock, Inc. | Reduced | -876.9k |
| ALLIANCEBERNSTEIN L.P. | Sold out | -749.2k |
| MORGAN STANLEY | Reduced | -628.0k |
| Ensign Peak Advisors, Inc | Reduced | -615.3k |
| NOMURA ASSET MANAGEMENT CO LTD | Reduced | -352.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.2m315.2k shares |
| JANE STREET GROUP, LLC | Added | $3.3m128.2k shares |
| GROUP ONE TRADING LLC | Reduced | $1.2m44.5k shares |
| SIMPLEX TRADING, LLC | Added | $1.1m41.3k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $675.2k25.9k shares |
| CITADEL ADVISORS LLC | Reduced | $537.0k20.6k shares |
| WOLVERINE TRADING, LLC | New | $509.6k19.0k shares |
| IMC-Chicago, LLC | New | $453.6k17.4k shares |
| Walleye Trading LLC | New | $391.1k15.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $9.0m345.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.5m325.8k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $7.0m267.6k shares |
| HBK INVESTMENTS L P | Not comparable | $2.6m100.0k shares |
| WOLVERINE TRADING, LLC | Added | $2.0m74.3k shares |
| SIMPLEX TRADING, LLC | Added | $1.7m66.6k shares |
| IMC-Chicago, LLC | Added | $808.2k31.0k shares |
| GROUP ONE TRADING LLC | Added | $672.6k25.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $578.8k22.2k shares |
| JANE STREET GROUP, LLC | Reduced | $221.6k8.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
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 |
|---|---|
| Greenwich Venture Capital LLC 13G · passive investor filed 2025-02-14 | 8.9% |
Insider purchases and sales in Q3 2025
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.
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.01% of their portfolio | 7.2m $187.2m | Reduced -628.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 5.7m $148.5m | Reduced -2.1m |
| NOMURA ASSET MANAGEMENT CO LTD 0.27% of their portfolio | 3.9m $101.9m | Reduced -352.3k |
| Corient Private Wealth LP 0.13% of their portfolio | 3.2m $84.3m | Added +3.2m |
| Blackstone Inc. 0.36% of their portfolio | 3.2m $83.6m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.7m $70.6m | Added +1.3m |
| VAN ECK ASSOCIATES CORP 0.06% of their portfolio | 2.4m $63.3m | Reduced -2.4m |
| CCLA Investment Management 0.94% of their portfolio | 2.3m $59.0m | Added +484 |
| UBS Group AG 0.01% of their portfolio | 2.2m $58.1m | Reduced -1.5m |
| Generali Asset Management SPA SGR 1.14% of their portfolio | 2.0m $53.3m | Added +32.8k |
| Ensign Peak Advisors, Inc 0.09% of their portfolio | 2.0m $52.6m | Reduced -615.3k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 1.7m $44.1m | Added +82.7k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.5m $38.1m | Reduced -1.4m |
| Creative Planning 0.03% of their portfolio | 1.4m $37.3m | Reduced -78.8k |
| Sound Income Strategies, LLC 1.89% of their portfolio | 1.4m $34.5m | Added +84.6k |
| OMERS ADMINISTRATION Corp 0.24% of their portfolio | 1.3m $33.6m | Added +421.6k |
| LPL Financial LLC 0.01% of their portfolio | 1.1m $28.0m | Added +24.6k |
| HighTower Advisors, LLC 0.03% of their portfolio | 1.0m $27.2m | Reduced -101.8k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 1.0m $26.9m | Added +566.0k |
| Muzinich & Co., Inc. 9.18% of their portfolio | 908.1k $23.7m | Added +261.8k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 870.0k $22.7m | Added +801.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 822.1k $21.4m | Added +250.0k |
| ARES MANAGEMENT LLC 0.98% of their portfolio | 821.1k $21.4m | Unchanged |
| Progeny 3, Inc. 1.04% of their portfolio | 772.2k $20.1m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 747.0k $19.5m | Reduced -54.5k |
| Allen Investment Management, LLC 0.21% of their portfolio | 715.4k $18.6m | Added +152.5k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 711.3k $18.5m | Added +631.6k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 706.8k $18.4m | Reduced -12.5k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 658.1k $17.2m | Added +425.9k |
| FMR LLC 0.00% of their portfolio | 631.0k $16.5m | New |
| Advisors Capital Management, LLC 0.20% of their portfolio | 620.2k $16.2m | Added +40.2k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 618.7k $16.1m | Added +3.8k |
| Amplius Wealth Advisors, LLC 1.28% of their portfolio | 568.8k $14.8m | Added +40.4k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 564.7k $14.7m | Added +204.3k |
| Border to Coast Pensions Partnership Ltd 0.25% of their portfolio | 550.0k $14.3m | Added +75.0k |
| NAN FUNG TRINITY (HK) LTD 1.36% of their portfolio | 524.1k $13.7m | Reduced -6.2k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 508.9k $13.3m | Added +312.2k |
| Trexquant Investment LP 0.13% of their portfolio | 470.7k $12.3m | Added +452.2k |
| HRT FINANCIAL LP 0.05% of their portfolio | 424.1k $11.1m | Added +39.6k |
| Global Strategic Investment Solutions, LLC 1.09% of their portfolio | 418.8k $10.9m | Reduced -45.6k |
| OSAIC HOLDINGS, INC. 0.02% of their portfolio | 418.6k $12.1m | Reduced -29.9k |
| Destiny Wealth Partners, LLC 1.33% of their portfolio | 416.0k $10.8m | Added +25.8k |
| Sanctuary Advisors, LLC 0.04% of their portfolio | 402.7k $12.4m | Added +197.4k |
| Cetera Investment Advisers 0.01% of their portfolio | 397.7k $10.4m | Added +61.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 385.6k $10.1m | Added +43.7k |
| Jump Financial, LLC 0.12% of their portfolio | 368.6k $9.6m | Added +154.1k |
| Janney Montgomery Scott LLC 0.02% of their portfolio | 360.3k $9.4m | Added +155.1k |
| Perissos Private Wealth Management, LLC 6.06% of their portfolio | 319.5k $8.3m | Reduced -1.5k |
| SHIKIAR ASSET MANAGEMENT INC 2.09% of their portfolio | 319.3k $8.3m | Reduced -25.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 313.0k $8.2m | Added +267.6k |
| Columbus Macro, LLC 0.93% of their portfolio | 312.8k $8.2m | Added +34.4k |
| Baird Financial Group, Inc. 0.01% of their portfolio | 289.6k $7.5m | Reduced -65.6k |
| POTENTIA WEALTH 2.73% of their portfolio | 274.8k $7.2m | New |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 267.9k $7.0m | Reduced -61.0k |
| Steward Partners Investment Advisory, LLC 0.04% of their portfolio | 256.5k $6.7m | Added +11.2k |
| Beacon Pointe Advisors, LLC 0.06% of their portfolio | 252.2k $6.6m | Added +44.0k |
| SFMG, LLC 0.45% of their portfolio | 248.3k $6.5m | Added +5.7k |
| DENALI ADVISORS LLC 0.72% of their portfolio | 243.1k $6.3m | Reduced -60.6k |
| IBEX WEALTH ADVISORS 0.59% of their portfolio | 235.7k $6.1m | Added +1.1k |
| King Wealth Management Group 0.74% of their portfolio | 224.8k $5.9m | Added +207.8k |
| LaFleur & Godfrey LLC 0.71% of their portfolio | 224.6k $5.9m | Added +35.5k |
| Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio | 215.0k $5.6m | Added +24.1k |
| BlackRock, Inc. 0.00% of their portfolio | 210.3k $5.5m | Reduced -876.9k |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 208.1k $5.4m | Reduced -194.4k |
| STATE STREET CORP 0.00% of their portfolio | 204.5k $5.5m | Added +5.6k |
| 1832 Asset Management L.P. 0.01% of their portfolio | 204.3k $5.3m | Reduced -961.8k |
| Cresset Asset Management, LLC 0.02% of their portfolio | 200.2k $5.4m | Added +56.0k |
| John & Kathleen Schreiber Foundation 3.35% of their portfolio | 198.4k $5.2m | Unchanged |
| Proficio Capital Partners LLC 0.34% of their portfolio | 191.9k $5.0m | Added +46.1k |
| Advisors Asset Management, Inc. 0.08% of their portfolio | 190.1k $5.0m | Added +4.7k |
| First National Trust Co 0.17% of their portfolio | 187.2k $4.9m | Added +27.6k |
| Quadrant Private Wealth Management, LLC 0.90% of their portfolio | 184.3k $4.9m | Reduced -5.4k |
| INDEPENDENT FINANCIAL GROUP, LLC 0.11% of their portfolio | 180.4k $4.7m | Reduced -66.2k |
| M&G PLC 0.02% of their portfolio | 175.0k $4.5m | New |
| Aberdeen Group plc 0.01% of their portfolio | 174.3k $4.5m | Reduced -4.6k |
| Snowden Capital Advisors LLC 0.13% of their portfolio | 173.4k $4.7m | Reduced -60.9k |
| Pine Valley Investments Ltd Liability Co 0.23% of their portfolio | 172.7k $4.5m | Reduced -6.7k |
| MAGNOLIA CAPITAL ADVISORS LLC 1.15% of their portfolio | 168.6k $4.4m | Reduced -8.3k |
| BECK CAPITAL MANAGEMENT, LLC 1.01% of their portfolio | 167.8k $4.4m | Reduced -61.1k |
| CWC Advisors, LLC. 2.06% of their portfolio | 161.7k $4.2m | Added +1.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 161.4k $4.2m | Added +79.1k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 0.06% of their portfolio | 156.3k $4.1m | Reduced -29.4k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 155.5k $4.1m | Reduced -35.2k |
| QTR Family Wealth, LLC 1.89% of their portfolio | 153.1k $4.0m | Added +71.1k |
| Americana Partners, LLC 0.12% of their portfolio | 152.7k $4.0m | Reduced -24.8k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 150.0k $3.9m | Added +49.0k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 149.8k $3.9m | Reduced -64.8k |
| TRANSCEND CAPITAL ADVISORS, LLC 0.28% of their portfolio | 149.7k $3.9m | Added +1.1k |
| Brevan Howard Capital Management LP 0.06% of their portfolio | 147.7k $3.8m | Added +38.1k |
| Pallas Capital Advisors LLC 0.14% of their portfolio | 147.2k $3.8m | Reduced -1.8k |
| Naviter Wealth, LLC 0.45% of their portfolio | 143.9k $3.9m | Reduced -13.4k |
| Cubist Systematic Strategies, LLC 0.05% of their portfolio | 141.7k $3.7m | Added +41.6k |
| Global Retirement Partners, LLC 0.08% of their portfolio | 140.4k $3.7m | Added +5.4k |
| Waterloo Capital, L.P. 0.27% of their portfolio | 138.9k $3.6m | Added +5.4k |
| Ethos Financial Group, LLC 0.29% of their portfolio | 136.5k $3.6m | Added +4.4k |
| Wealthcare Advisory Partners LLC 0.07% of their portfolio | 131.5k $3.4m | Added +19.9k |
| Venture Visionary Partners LLC 0.12% of their portfolio | 129.0k $3.4m | Unchanged |
| Legacy PCG, LLC 2.02% of their portfolio | 128.9k $3.4m | Unchanged |
| Parkwood LLC 0.32% of their portfolio | 127.6k $3.3m | Unchanged |
| Prairie Wealth Advisors, Inc. 1.38% of their portfolio | 125.4k $3.4m | Reduced -4.7k |