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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

67 hedge funds and large institutions have $207M invested in Blackstone Strategic Credit 2027 Term Fund in 2020 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 24 increasing their positions, 24 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more capital invested

Capital invested by funds: $193M → $207M (+$14.2M)

0% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 24

0.89% less ownership

Funds ownership: 41.48% → 40.59% (-0.89%)

13% less funds holding

Funds holding: 77 → 67 (-10)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

77% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 13

Holders
67
Holders Change
-10
Holders Change %
-12.99%
% of All Funds
1.37%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
3
Increased
24
Reduced
24
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$3.28M
2
CBA
Coastal Bridge Advisors
Connecticut
+$2.4M
3
Wells Fargo
Wells Fargo
California
+$1.56M
4
RJA
Raymond James & Associates
Florida
+$1.54M
5
PAIM
Punch & Associates Investment Management
Minnesota
+$1.22M

Top Sellers

Rank Fund Capital Flow
1
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$3.64M
2
SCM
Saba Capital Management
New York
-$3.44M
3
Bank of America
Bank of America
North Carolina
-$2.61M
4
VEA
Virtus ETF Advisers
New York
-$1.83M
5
Goldman Sachs
Goldman Sachs
New York
-$1.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
SAM
26
Selway Asset Management
$908K +$33.9K +3,100 +4%
AA
27
AQR Arbitrage
Connecticut
$869K +$383K +35,045 +85%
CAM
28
Cidel Asset Management
Ontario, Canada
$826K +$424K +38,848 +116%
LCM
29
Landscape Capital Management
New Jersey
$778K -$551K -50,488 -43%
VEA
30
Virtus ETF Advisers
New York
$576K -$1.83M -167,919 -77%
AAM
31
Advisors Asset Management
Colorado
$521K -$13.6K -1,242 -3%
CRC
32
Curi RMB Capital
Illinois
$520K -$67K -6,134 -12%
DA
33
Detalus Advisors
Missouri
$455K -$23.7K -2,170 -5%
WAM
34
Wolverine Asset Management
Illinois
$425K -$80.7K -7,387 -17%
CC
35
Claybrook Capital
Massachusetts
$411K -$310K -28,349 -44%
SFWA
36
Summit Financial Wealth Advisors
Louisiana
$409K -$49.7K -4,550 -11%
MSL
37
Mackay Shields LLC
New York
$365K +$349K +31,952 New
Goldman Sachs
38
Goldman Sachs
New York
$352K -$1.26M -114,958 -79%
RIL
39
Rothschild Investment LLC
Illinois
$317K – – –
OC
40
Oppenheimer & Co
New York
$312K +$146K +13,383 +96%
Northwestern Mutual Wealth Management
41
Northwestern Mutual Wealth Management
Wisconsin
$262K +$20.9K +1,911 +9%
FM
42
Family Management
New York
$246K +$84.8K +7,767 +56%
Fifth Third Bancorp
43
Fifth Third Bancorp
Ohio
$228K – – –
RCM
44
Robinson Capital Management
Michigan
$209K +$35.8K +3,282 +22%
GA
45
Greytown Advisors
Florida
$199K – – –
CWP
46
Capital Wealth Planning
Florida
$181K +$21.8K +2,000 +14%
D.E. Shaw & Co
47
D.E. Shaw & Co
New York
$171K – – –
Cambridge Investment Research Advisors
48
Cambridge Investment Research Advisors
Iowa
$150K +$2.51K +230 +2%
GWM
49
Greenwich Wealth Management
Connecticut
$149K -$214K -19,638 -60%
WI
50
Wintrust Investments
Illinois
$146K -$2.57K -235 -2%
1
2
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BGB Hedge Fund Activity: Q2 2020 in Review

67 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q2 2020, worth a combined $207M — up 7.4% from $193M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of BGB and 3 opened new positions — a net loss of 10 holders — while 24 trimmed existing stakes and 24 added.

The largest buyer was Guggenheim Capital, adding an estimated $3.28M. The largest seller was Bank of Montreal, exiting entirely with an estimated $3.64M sold.

  • 67 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q2 2020, down from 77 in Q1 2020.
  • Funds reported $207M of Blackstone Strategic Credit 2027 Term Fund stock for Q2 2020, up 7.4% quarter-over-quarter.
  • 3 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q2 2020 and 13 closed out, a net change of -10 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q2 2020 was Guggenheim Capital, an estimated $3.28M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q2 2020 was Bank of Montreal, an estimated $3.64M sold.

Based on aggregated 13F filings for Q2 2020.