Blackstone Poured $25M Into BMACX This Week—Here’s Why

This Week's Top Insider Moves That Matter

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While tech and communications lit up in green, defensive sectors like healthcare, staples, and energy lagged—hinting at a market recalibrating around interest rate expectations and sector rotation. Software rallied hard, semiconductors showed strength, and financials quietly built momentum, especially in credit services and banks.

Insiders followed suit. Tech insiders took chips off the table after a big run, while financial players—particularly in private credit—stepped in with size. The boldest move? A $24.9M buy-in from Blackstone into its newly launched income fund, right as yields peak and private lending gains ground.

This wasn’t quiet nibbling—it was conviction capital. Let’s break it down.

Biggest Insider Sales

📡 Amphenol Corp $APH ( ▲ 2.58% ) – $30.4M CFO Liquidation

• Who’s Selling? Craig Lampo (SVP, CFO)

• What He Sold: 400,000 shares at $75.93

• Total Value: $30.37M

• Why It Matters: Lampo didn’t just lighten up—he offloaded nearly half his stake. It’s one of three major sales from Amphenol insiders this week, pointing to a coordinated de-risking across the C-suite.

🏥 Molina Healthcare $MOH ( ▲ 1.6% ) – $28M Exit by the CEO

• Who’s Selling? Joseph Zubretsky (President & CEO)

• What He Sold: 87,500 shares at $320.06

• Total Value: $28.0M

• Why It Matters: When a healthcare CEO trims 23% of their stake at all-time highs, you pay attention. Zubretsky’s move is well-timed, raising questions about the near-term ceiling for MOH.

🔌 Enact Holdings $ACT ( ▲ 2.05% ) – $19.4M Institutional Trim

• Who’s Selling? Genworth Holdings, Inc. (10% Owner)

• What They Sold: 561,977 shares at $34.59

• Total Value: $19.44M

• Why It Matters: An institutional stake reduction with no change in ownership % suggests capital rotation. Possibly a portfolio realignment—not panic, but deliberate.

⚙️ Keurig Dr Pepper $KDP ( ▲ 1.09% ) – Director Pulls $14.2M

• Who’s Selling? Robert Gamgort (Director)

• What He Sold: 416,000 shares at $34.04

• Total Value: $14.16M

• Why It Matters: With a 10% trim and over 3.5M shares still in hand, this looks like a routine rebalance. But the timing near range highs is notable.

💹 Virtu Financial $VIRT ( ▲ 3.37% ) – CEO Cuts Deep with $13.8M

• Who’s Selling? Douglas Cifu (CEO)

• What He Sold: 355,881 shares at $38.73

• Total Value: $13.78M

• Why It Matters: A 31% reduction in holdings at a high-frequency trading firm is a sharp signal. With VIRT under pressure, this move may speak louder than words.

While the exits were heavy this week, not everyone was heading for the door. Let’s flip the page and look at who was buying—and what that might tell us about hidden conviction in the market.

Biggest Insider Purchases

🏦 Blackstone Private Multi-Asset Credit (BMACX) – $24.9M Fresh Stake

• Who’s Buying? Blackstone Private Credit Strategies LLC (10% Owner)

• What They Bought: 1.66M shares at $15.00

• Total Investment: $24.9M

• Why It Matters: A first-time stake this size is anything but routine. When Blackstone commits nearly $25M to a credit vehicle, it’s a loud vote of confidence in the yield environment.

🏢 First Eagle Real Estate Debt Fund (FERLX) – $8.9M Accumulation

• Who’s Buying? Bleichroeder LP (10% Owner)

• What They Bought: 354,645 shares at $25.16

• Total Investment: $8.92M

• Why It Matters: This follows a $250K buy just two weeks ago in another real estate name. The pattern is clear: Bleichroeder is bulking up fast in real assets.

🍗 Cracker Barrel $CBRL ( ▲ 0.24% ) – $5.2M Follow-Up Buy

• Who’s Buying? GMT Capital Corp (10% Owner)

• What They Bought: 123,293 shares at $42.09

• Total Investment: $5.19M

• Why It Matters: This comes on the heels of a separate $2.3M buy just four days earlier. GMT is quietly betting on a turnaround in consumer staples.

💊 Walgreens Boots Alliance $WBA ( ▲ 0.46% ) – $9.2M Offset Trade

• Who’s Buying? Stefano Pessina (Executive Chairman, 10% Owner)

• What He Bought: 832,258 shares at $11.01

• Total Investment: $9.16M

• Why It Matters: Looks big—until you see he sold the same amount on the same day. A net-neutral move, likely driven by internal mechanics.

🏗 New Providence Acquisition III (NPAC) – $6.1M SPAC Confidence

• Who’s Buying? New Providence Holdings III, LLC (10% Owner)

• What They Bought: 611,075 shares at $10.00

• Total Investment: $6.11M

• Why It Matters: Big money showing up in a post-SPAC slump isn’t random—it’s strategic. They clearly like what’s coming.

🔬Insider Under the Microscope: Blackstone Private Multi-Asset Credit

This week, all eyes are on Blackstone’s newest launch—the Blackstone Private Multi-Asset Credit & Income Fund (BMACX)—after a staggering insider buy worth $24.9 million hit the tape.

The purchase came from Blackstone Private Credit Strategies LLC, a 10% owner and affiliate of the fund. They acquired 1.66 million shares at $15.00 each—an initial stake that pushed their ownership up more than 999% overnight. While many insiders nibble, this was a full-course meal.

So why the conviction?

BMACX is no ordinary credit fund. It’s a multi-asset strategy that taps into Blackstone’s $465B credit platform—spanning direct lending, real estate credit, structured credit, and more. Unlike traditional bond funds, it’s structured as an interval fund: investors can buy daily, but redemptions only happen quarterly. That means it can pursue illiquid, higher-yielding opportunities without worrying about panic selling.

The timing couldn’t be more favorable. We’re likely at or near peak yields, and Blackstone is locking in double-digit interest income while it lasts. If rates ease or spreads compress—as many expect—those assets could appreciate quickly, delivering not just high income, but capital gains. Add to that a secular shift in lending away from banks and toward private lenders, and you’ve got a structural tailwind no ETF can match.

This isn’t just a bold bet on credit—it’s a bet on timing, structure, and scale. With Blackstone insiders investing alongside shareholders, it’s clear they expect BMACX to outperform not just peers—but expectations.

A $25 million insider move at launch? That’s not marketing. That’s money talking.

👀 This was just one of five major trades we flagged this week.
Access+ members saw the rest — as they happened, not after the market moved.

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