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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

55 hedge funds and large institutions have $284M invested in Blackstone Strategic Credit 2027 Term Fund in 2016 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 19 increasing their positions, 14 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 14

25% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 8

12% more capital invested

Capital invested by funds: $255M → $284M (+$29.4M)

2% more funds holding

Funds holding: 54 → 55 (+1)

1.65% more ownership

Funds ownership: 42.6% → 44.24% (+1.6%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

Holders
55
Holders Change
+1
Holders Change %
+1.85%
% of All Funds
1.47%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
10
Increased
19
Reduced
14
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LCM
Laurion Capital Management
New York
+$7.31M
2
UBS Group
UBS Group
Switzerland
+$5.24M
3
Wells Fargo
Wells Fargo
California
+$5.22M
4
RCM
Robinson Capital Management
Michigan
+$1.79M
5
Morgan Stanley
Morgan Stanley
New York
+$1.72M

Top Sellers

1
PPA
Parametric Portfolio Associates
Washington
-$9.72M
2
VIA
Vident Investment Advisory
Georgia
-$2.02M
3
MIG
Mariner Investment Group
New York
-$1.6M
4
KJHP
K.J. Harrison & Partners
Ontario, Canada
-$1.55M
5
AA
AQR Arbitrage
Connecticut
-$1.33M
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
26
Raymond James & Associates
Florida
$1.13M +$837K +59,396 +313%
Stifel Financial
27
Stifel Financial
Missouri
$1.03M +$237K +16,812 +31%
CRC
28
Curi RMB Capital
Illinois
$954K +$935K +66,297 New
LPL Financial
29
LPL Financial
California
$864K -$751K -53,302 -47%
GWM
30
Greenwich Wealth Management
Connecticut
$585K -$13.9K -985 -2%
HCMT
31
Highland Capital Management (Texas)
Texas
$576K – – –
COLIM
32
City of London Investment Management
United Kingdom
$564K – – –
NMC
33
Nine Masts Capital
Hong Kong
$466K +$457K +32,400 New
LCM
34
Landscape Capital Management
New Jersey
$450K – – –
GA
35
Geneva Advisors
Illinois
$425K +$417K +29,563 New
ACP
36
Aviance Capital Partners
Florida
$336K +$70.2K +4,978 +27%
Royal Bank of Canada
37
Royal Bank of Canada
Ontario, Canada
$335K +$56K +3,976 +21%
TC
38
TFS Capital
Pennsylvania
$288K +$282K +20,000 New
SFS
39
Shaker Financial Services
Virginia
$280K +$275K +19,492 New
LTFS
40
Ladenburg Thalmann Financial Services
Florida
$249K +$109K +7,767 +82%
CAM
41
Cidel Asset Management
Ontario, Canada
$227K +$18.4K +1,304 +9%
BTS
42
BB&T Securities
Virginia
$202K +$198K +14,046 New
TJHA
43
Thomas J. Herzfeld Advisors
Florida
$177K – – –
AG
44
Advisor Group
Arizona
$172K +$170K +12,030 New
CWM
45
Concert Wealth Management
California
$166K +$1.41K +100 +0.9%
CIA
46
Capital Investment Advisors
Georgia
$163K +$28.9K +2,050 +22%
HCM
47
Horrell Capital Management
Arkansas
$130K -$173K -12,300 -58%
MFS
48
MSI Financial Services
Massachusetts
$97K -$21.1K -1,500 -18%
WI
49
Wintrust Investments
Illinois
$91K +$187K +13,274 New
Creative Planning
50
Creative Planning
Kansas
$70K – – –
1
2
3

BGB Hedge Fund Activity: Q2 2016 in Review

55 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q2 2016, worth a combined $284M — up 12% from $255M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new BGB positions and 8 closed out — a net gain of 2 holders — while 19 added to existing stakes and 14 trimmed.

The largest buyer was Laurion Capital Management, adding an estimated $7.31M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $9.72M sold.

  • 55 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q2 2016, up from 54 in Q1 2016.
  • Funds reported $284M of Blackstone Strategic Credit 2027 Term Fund stock for Q2 2016, up 12% quarter-over-quarter.
  • 10 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q2 2016 and 8 closed out, a net change of +2 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q2 2016 was Laurion Capital Management, an estimated $7.31M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $9.72M sold.

Based on aggregated 13F filings for Q2 2016.