Blackstone Strategic Credit 2027 Term Fund
BGB
49 hedge funds and large institutions have $265M invested in Blackstone Strategic Credit 2027 Term Fund in 2014 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 20 increasing their positions, 12 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
67% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 12
21% more capital invested
Capital invested by funds: $219M → $265M (+$45.9M)
14% more funds holding
Funds holding: 43 → 49 (+6)
6.72% more ownership
Funds ownership: 29.27% → 36% (+6.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$12.1M |
| 2 |
Citigroup
New York
|
+$9.91M |
| 3 |
JP Morgan Chase
New York
|
+$8.48M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.56M |
| 5 |
OHA
Oak Hill Advisors
New York
|
+$6.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
-$6.54M |
| 2 |
RCM
Regiment Capital Management
Boston,
Massachusetts
|
-$2.86M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.64M |
| 4 |
Morgan Stanley
New York
|
-$2.35M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.96M |
BGB Hedge Fund Activity: Q4 2014 in Review
49 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2014, worth a combined $265M — up 21% from $219M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new BGB positions and 6 closed out — a net gain of 8 holders — while 20 added to existing stakes and 12 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $12.1M. The largest seller was Barclays, exiting entirely with an estimated $6.54M sold.
- 49 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2014, up from 43 in Q3 2014.
- Funds reported $265M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2014, up 21% quarter-over-quarter.
- 14 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2014 and 6 closed out, a net change of +8 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2014 was Karpus Investment Management, an estimated $12.1M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2014 was Barclays, an estimated $6.54M sold.
Based on aggregated 13F filings for Q4 2014.