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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

64 hedge funds and large institutions have $314M invested in Blackstone Strategic Credit 2027 Term Fund in 2017 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 19 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 19

2% more capital invested

Capital invested by funds: $307M → $314M (+$6.3M)

0.75% more ownership

Funds ownership: 43.21% → 43.96% (+0.75%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2% less funds holding

Funds holding: 65 → 64 (-1)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

Holders
64
Holders Change
-1
Holders Change %
-1.54%
% of All Funds
1.6%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
9
Increased
24
Reduced
19
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$5.48M
2
CBA
Coastal Bridge Advisors
Connecticut
+$3.28M
3
Morgan Stanley
Morgan Stanley
New York
+$2.83M
4
Invesco
Invesco
Georgia
+$2.22M
5
Bank of America
Bank of America
North Carolina
+$2.16M

Top Sellers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
-$2.95M
2
Bessemer Group
Bessemer Group
New Jersey
-$2.49M
3
PAIM
Punch & Associates Investment Management
Minnesota
-$2.41M
4
SFS
Shaker Financial Services
Virginia
-$2.11M
5
NMC
Nine Masts Capital
Hong Kong
-$1.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
BTS
26
BB&T Securities
Virginia
$1.11M -$10.6K -665 -0.9%
SIA
27
Sit Investment Associates
Minnesota
$948K +$948K +59,333 New
WS
28
Wela Strategies
Georgia
$938K +$42K +2,628 +5%
AWA
29
Arete Wealth Advisors
Illinois
$748K +$149K +9,331 +25%
Citigroup
30
Citigroup
New York
$688K +$85.4K +5,344 +14%
COLIM
31
City of London Investment Management
United Kingdom
$627K – – –
RVPG
32
Relative Value Partners Group
$626K -$566K -35,447 -48%
GWM
33
Greenwich Wealth Management
Connecticut
$596K -$28.1K -1,760 -5%
LPL Financial
34
LPL Financial
California
$577K +$279K +17,436 +93%
Cambridge Investment Research Advisors
35
Cambridge Investment Research Advisors
Iowa
$534K -$953K -59,630 -64%
ACP
36
Aviance Capital Partners
Florida
$517K +$6.52K +408 +1%
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$516K -$2.01K -126 -0.4%
SFS
38
Shaker Financial Services
Virginia
$484K -$2.11M -131,917 -81%
FIMG
39
Financial & Investment Management Group
Michigan
$432K -$10.6K -665 -2%
DA
40
Doliver Advisors
Texas
$429K +$429K +26,854 New
Millennium Management
41
Millennium Management
New York
$369K +$122K +7,634 +49%
CAM
42
Cidel Asset Management
Ontario, Canada
$367K – – –
WI
43
Wintrust Investments
Illinois
$313K +$2.48K +155 +0.8%
SG Americas Securities
44
SG Americas Securities
New York
$279K -$228K -14,249 -45%
AG
45
Advisor Group
Arizona
$259K -$8.81K -551 -3%
CIBC Private Wealth Group
46
CIBC Private Wealth Group
Georgia
$240K +$240K +15,000 New
SFWA
47
Summit Financial Wealth Advisors
Louisiana
$236K +$2.8K +175 +1%
DS
48
DRW Securities
Illinois
$219K – – –
HF
49
HRT Financial
New York
$202K +$203K +12,700 New
VF
50
Virtu Financial
New York
$181K +$181K +11,319 New
1
2
3

BGB Hedge Fund Activity: Q3 2017 in Review

64 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2017, worth a combined $314M — up 2.1% from $307M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of BGB and 9 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 24 added.

The largest buyer was Laurion Capital Management, opening a new position worth an estimated $5.48M. The largest seller was Parametric Portfolio Associates, cutting an estimated $2.95M.

  • 64 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2017, down from 65 in Q2 2017.
  • Funds reported $314M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2017, up 2.1% quarter-over-quarter.
  • 9 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2017 and 10 closed out, a net change of -1 holder.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2017 was Laurion Capital Management, an estimated $5.48M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2017 was Parametric Portfolio Associates, an estimated $2.95M sold.

Based on aggregated 13F filings for Q3 2017.