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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

63 hedge funds and large institutions have $304M invested in Blackstone Strategic Credit 2027 Term Fund in 2017 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 23 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.58% less ownership

Funds ownership: 43.96% → 43.38% (-0.58%)

3% less capital invested

Capital invested by funds: $314M → $304M (-$9.14M)

9% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 23

9% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 11

2% less funds holding

Funds holding: 64 → 63 (-1)

Holders
63
Holders Change
-1
Holders Change %
-1.56%
% of All Funds
1.43%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
10
Increased
21
Reduced
23
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CBA
Coastal Bridge Advisors
Connecticut
+$5.02M
2
Bank of America
Bank of America
North Carolina
+$3.49M
3
Morgan Stanley
Morgan Stanley
New York
+$2.28M
4
VIA
Vident Investment Advisory
Georgia
+$963K
5
JP Morgan Chase
JP Morgan Chase
New York
+$881K

Top Sellers

1
Invesco
Invesco
Georgia
-$4.58M
2
LCM
Laurion Capital Management
New York
-$3.85M
3
RCM
Rivernorth Capital Management
Florida
-$3.41M
4
PAIM
Punch & Associates Investment Management
Minnesota
-$2.7M
5
PPA
Parametric Portfolio Associates
Washington
-$1.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$1.11M +$589K +37,102 +111%
BTS
27
BB&T Securities
Virginia
$963K -$133K -8,356 -12%
Millennium Management
28
Millennium Management
New York
$932K +$575K +36,219 +157%
WS
29
Wela Strategies
Georgia
$919K -$3.14K -198 -0.3%
AWA
30
Arete Wealth Advisors
Illinois
$701K -$34.5K -2,172 -5%
SG Americas Securities
31
SG Americas Securities
New York
$652K +$382K +24,043 +138%
COLIM
32
City of London Investment Management
United Kingdom
$617K – – –
RVPG
33
Relative Value Partners Group
$611K -$3.99K -251 -0.6%
GWM
34
Greenwich Wealth Management
Connecticut
$586K -$397 -25 -0.1%
ACP
35
Aviance Capital Partners
Florida
$470K -$38.6K -2,432 -8%
LTFS
36
Ladenburg Thalmann Financial Services
Florida
$453K -$55.2K -3,479 -11%
Citigroup
37
Citigroup
New York
$440K -$238K -15,000 -35%
CAM
38
Cidel Asset Management
Ontario, Canada
$431K +$70.8K +4,460 +19%
AG
39
Advisor Group
Arizona
$335K +$81.9K +5,159 +32%
WI
40
Wintrust Investments
Illinois
$310K +$1.68K +106 +0.5%
LPL Financial
41
LPL Financial
California
$295K -$275K -17,326 -48%
PFPT
42
Pinnacle Financial Partners (Tennessee)
Tennessee
$265K +$268K +16,871 New
SFWA
43
Summit Financial Wealth Advisors
Louisiana
$264K +$32.6K +2,050 +14%
DS
44
DRW Securities
Illinois
$212K -$3.18K -200 -1%
APA
45
American Portfolios Advisors
New York
$200K +$202K +12,730 New
DA
46
Doliver Advisors
Texas
$187K -$237K -14,950 -56%
IFWM
47
Institute for Wealth Management
Colorado
$166K +$169K +10,619 New
WCM
48
Wunderlich Capital Managemnt
Tennessee
$153K +$29K +1,826 +23%
HCM
49
Horrell Capital Management
Arkansas
$141K – – –
RCG
50
Ruggie Capital Group
Florida
$141K – – –
1
2
3

BGB Hedge Fund Activity: Q4 2017 in Review

63 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2017, worth a combined $304M — down 2.9% from $314M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of BGB and 10 opened new positions — a net loss of 1 holder — while 23 trimmed existing stakes and 21 added.

The largest buyer was Coastal Bridge Advisors, adding an estimated $5.02M. The largest seller was Invesco, cutting an estimated $4.58M.

  • 63 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2017, down from 64 in Q3 2017.
  • Funds reported $304M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2017, down 2.9% quarter-over-quarter.
  • 10 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2017 and 11 closed out, a net change of -1 holder.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2017 was Coastal Bridge Advisors, an estimated $5.02M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2017 was Invesco, an estimated $4.58M sold.

Based on aggregated 13F filings for Q4 2017.