SCHEDULE: Sit Investment Associates Discloses 5% Stake in BGX

Sit Investment Associates and Sit Fixed Income Advisors II have filed a Schedule 13G reporting a 5% beneficial ownership stake in Blackstone Long-Short Credit Income Fund.

Summary

• Sit Investment Associates, Inc. (SIA) and its subsidiary, Sit Fixed Income Advisors II, LLC (SFI), have reported a combined beneficial ownership of 640,105 shares of Blackstone Long-Short Credit Income Fund (BGX).
• This holding represents exactly 5% of the issuer's outstanding common stock, based on 12,708,275 shares outstanding as of December 31, 2025.
• The shares are held in various client accounts managed by SIA and SFI, and the firms disclaim beneficial ownership of these securities under Rule 13d-4.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine regulatory disclosure that provides transparency regarding institutional holdings without signaling a change in corporate strategy.

Positives

• The filing confirms that the shares were acquired in the ordinary course of business, indicating standard investment activity rather than an activist or hostile intent.

Negatives

• None identified; this is a standard regulatory disclosure of institutional holdings.

Risks

• The investment is subject to market volatility inherent in the Blackstone Long-Short Credit Income Fund's underlying credit assets.

Future Outlook

The reporting persons state that the securities were not acquired for the purpose of changing or influencing the control of the issuer, suggesting a passive investment strategy.

Management Comments

• The reporting persons certify that the securities were acquired and are held in the ordinary course of business.

Industry Context

StockSavvy.ai notes that this filing is a routine regulatory requirement for institutional investment managers reaching the 5% ownership threshold, reflecting standard portfolio management activity within the closed-end fund sector.

Comparison to Industry Standards

• The filing adheres to standard SEC Schedule 13G reporting requirements for investment advisers.
• The disclaimer of beneficial ownership is a common practice among institutional asset managers to clarify that they act as fiduciaries for client accounts.

Stakeholder Impact

• Shareholders are informed of the significant institutional interest in the fund.
• The disclosure provides transparency regarding the voting power held by the investment adviser.

Next Steps

• The reporting persons will continue to monitor their position and file amendments if there are material changes to their ownership percentage.

Key Dates

Keywords

Blackstone Long-Short Credit Income Fund, BGX, Schedule 13G, Sit Investment Associates, Institutional Ownership, Investment Adviser