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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

69 hedge funds and large institutions have $228M invested in Blackstone Strategic Credit 2027 Term Fund in 2020 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 23 increasing their positions, 19 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

21% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 19

10% more capital invested

Capital invested by funds: $207M → $228M (+$20.9M)

3% more funds holding

Funds holding: 67 → 69 (+2)

1.2% more ownership

Funds ownership: 40.59% → 41.8% (+1.2%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
69
Holders Change
+2
Holders Change %
+2.99%
% of All Funds
1.39%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
9
Increased
23
Reduced
19
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Invesco
Invesco
Georgia
+$6.24M
2
PAIM
Punch & Associates Investment Management
Minnesota
+$4.11M
3
SIA
Sit Investment Associates
Minnesota
+$3.38M
4
Stifel Financial
Stifel Financial
Missouri
+$1.76M
5
RJA
Raymond James & Associates
Florida
+$876K

Top Sellers

1
MC
Matisse Capital
Oregon
-$3.07M
2
Morgan Stanley
Morgan Stanley
New York
-$2.61M
3
Bank of America
Bank of America
North Carolina
-$2.55M
4
SFS
Shaker Financial Services
Virginia
-$1.63M
5
CBA
Coastal Bridge Advisors
Connecticut
-$1.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAM
26
Cidel Asset Management
Ontario, Canada
$866K -$17.1K -1,450 -2%
AAM
27
Advisors Asset Management
Colorado
$549K -$8.08K -685 -2%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$538K +$519K +44,028 New
FM
29
Family Management
New York
$459K +$189K +16,012 +74%
VEA
30
Virtus ETF Advisers
New York
$444K -$166K -14,092 -28%
CC
31
Claybrook Capital
Massachusetts
$440K – – –
MC
32
Matisse Capital
Oregon
$404K -$3.07M -260,626 -89%
MSL
33
Mackay Shields LLC
New York
$390K – – –
SFWA
34
Summit Financial Wealth Advisors
Louisiana
$384K -$44.8K -3,800 -10%
OC
35
Oppenheimer & Co
New York
$365K +$29.3K +2,482 +9%
RIL
36
Rothschild Investment LLC
Illinois
$339K – – –
DA
37
Detalus Advisors
Missouri
$295K -$185K -15,712 -39%
CWP
38
Capital Wealth Planning
Florida
$250K +$54.2K +4,600 +29%
RCM
39
Robinson Capital Management
Michigan
$247K +$23.6K +2,000 +11%
Fifth Third Bancorp
40
Fifth Third Bancorp
Ohio
$244K – – –
GA
41
Greytown Advisors
Florida
$213K – – –
D.E. Shaw & Co
42
D.E. Shaw & Co
New York
$183K – – –
BRWM
43
B. Riley Wealth Management
Tennessee
$169K +$163K +13,800 New
LPL Financial
44
LPL Financial
California
$162K +$156K +13,273 New
Cambridge Investment Research Advisors
45
Cambridge Investment Research Advisors
Iowa
$156K -$3.57K -303 -2%
WI
46
Wintrust Investments
Illinois
$156K +$12 +1 +0%
RJT
47
Raymond James Trust
Florida
$154K +$148K +12,588 New
RCM
48
Rivernorth Capital Management
Florida
$150K +$144K +12,248 New
GWM
49
Greenwich Wealth Management
Connecticut
$146K -$13.5K -1,141 -9%
Truist Financial
50
Truist Financial
North Carolina
$133K -$12K -1,017 -9%
1
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BGB Hedge Fund Activity: Q3 2020 in Review

69 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2020, worth a combined $228M — up 10% from $207M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new BGB positions and 7 closed out — a net gain of 2 holders — while 23 added to existing stakes and 19 trimmed.

The largest buyer was Invesco, adding an estimated $6.24M. The largest seller was Matisse Capital, cutting an estimated $3.07M.

  • 69 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2020, up from 67 in Q2 2020.
  • Funds reported $228M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2020, up 10% quarter-over-quarter.
  • 9 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2020 and 7 closed out, a net change of +2 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2020 was Invesco, an estimated $6.24M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2020 was Matisse Capital, an estimated $3.07M sold.

Based on aggregated 13F filings for Q3 2020.