Blackstone Secured Lending Fund (NYSE:BXSL) is a specialty finance company that invests primarily in the debt of private US companies. As of March 31, 2023, BXSL’s fair value of investments was approximately $9.6 billion. BXSL has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. BXSL is externally managed by Blackstone Credit BDC Advisors LLC, an SEC-registered investment adviser that is an affiliate of Blackstone Inc. Blackstone Inc., together with its subsidiaries, is the world’s largest alternative investment firm with $991 billion of assets under management as of March 31, 2023.
Company profile
Ticker
BXSL
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry
Former names
Blackstone / GSO Secured Lending Fund
SEC CIK
Corporate docs
Subsidiaries
BGSL JACKSON HOLE FUNDING LLC • BGSL BRECKENRIDGE FUNDING LLC • BGSL BIG SKY FUNDING LLC • BGSL INVESTMENTS LLC • BXSL C-1 LLC • BXSL C-2 Funding LLC ...
BXSL stock data
Latest filings (excl ownership)
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
28 Feb 24
8-K
Results of Operations and Financial Condition
28 Feb 24
10-K
2023 FY
Annual report
28 Feb 24
8-K
Entry into a Material Definitive Agreement
21 Dec 23
8-K
Entry into a Material Definitive Agreement
1 Dec 23
424B2
Prospectus for primary offering
1 Dec 23
8-K
Entry into a Material Definitive Agreement
17 Nov 23
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
8 Nov 23
8-K
Results of Operations and Financial Condition
8 Nov 23
10-Q
2023 Q3
Quarterly report
8 Nov 23
Transcripts
BXSL
Earnings call transcript
2023 Q4
28 Feb 24
BXSL
Earnings call transcript
2023 Q3
8 Nov 23
BXSL
Earnings call transcript
2023 Q2
9 Aug 23
BXSL
Earnings call transcript
2023 Q1
10 May 23
BXSL
Earnings call transcript
2023 Q1
10 May 23
BXSL
Earnings call transcript
2022 Q4
27 Feb 23
BXSL
Earnings call transcript
2022 Q3
10 Nov 22
BXSL
Earnings call transcript
2022 Q2
11 Aug 22
BXSL
Earnings call transcript
2022 Q1
12 May 22
BXSL
Earnings call transcript
2021 Q4
28 Feb 22
Latest ownership filings
SC 13G/A
Greenwich Venture Capital LLC
14 Feb 24
3
Oran Ebel
3 Aug 23
SC 13G
Greenwich Venture Capital LLC
3 Jul 23
4
Carlos Whitaker
30 May 23
3
Stacy Wang
18 May 23
3
Matthew Alcide
18 May 23
3
Kris Corbett
18 May 23
3
Edward Desloge
18 May 23
SC 13G/A
Universities Superannuation Scheme Ltd as sole corporate trustee for Universities Superannuation Scheme
13 Feb 23
3
Jonathan Bock
18 Jan 23
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 145.78 mm | 145.78 mm | 145.78 mm | 145.78 mm | 145.78 mm | 145.78 mm |
Cash burn (monthly) | 533.00 k | (no burn) | (no burn) | (no burn) | 26.52 mm | (no burn) |
Cash used (since last report) | 3.18 mm | n/a | n/a | n/a | 158.25 mm | n/a |
Cash remaining | 142.60 mm | n/a | n/a | n/a | -12.47 mm | n/a |
Runway (months of cash) | 267.5 | n/a | n/a | n/a | -0.5 | n/a |
Institutional ownership, Q3 2023
43.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 250 |
Opened positions | 43 |
Closed positions | 17 |
Increased positions | 104 |
Reduced positions | 62 |
13F shares | Current |
---|---|
Total value | 1.41 tn |
Total shares | 83.89 mm |
Total puts | 70.70 k |
Total calls | 94.20 k |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
Qatar Investment Authority | 13.72 mm | $466.58 mm |
Greenwich Venture Capital | 11.70 mm | $315.27 mm |
Universities Superannuation Scheme Ltd as sole corporate trustee for Universities Superannuation Scheme | 6.40 mm | $0.00 |
BAC Bank Of America | 5.73 mm | $156.74 bn |
Nomura Asset Management | 5.12 mm | $140.15 bn |
MS Morgan Stanley | 3.49 mm | $95.60 bn |
BX Blackstone | 3.21 mm | $87.73 bn |
Creative Planning | 2.23 mm | $61.01 bn |
JPM JPMorgan Chase & Co. | 1.51 mm | $41.33 bn |
OMERS ADMINISTRATION | 1.38 mm | $37.86 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
26 May 23 | Carlos Whitaker | Common Shares of Beneficial Interest | Buy | Acquire P | No | No | 25.68 | 3,895 | 100.02 k | 3,895 |
News
Citigroup Maintains Buy on Blackstone Secured, Raises Price Target to $31
29 Feb 24
Truist Securities Maintains Buy on Blackstone Secured, Raises Price Target to $32
29 Feb 24
Raymond James Downgrades Blackstone Secured to Market Perform
29 Feb 24
Blackstone Secured Q4 2023 GAAP EPS $0.96 Beats $0.94 Estimate, Sales $304.00M Beat $283.72M Estimate
28 Feb 24
Earnings Scheduled For February 28, 2024
28 Feb 24