We are live on ! Find out more
BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

79 hedge funds and large institutions have $240M invested in Blackstone Strategic Credit 2027 Term Fund in 2020 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 25 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

138% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 8

19% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 21

14% more funds holding

Funds holding: 69 → 79 (+10)

5% more capital invested

Capital invested by funds: $228M → $240M (+$12M)

1.05% more ownership

Funds ownership: 41.8% → 42.85% (+1.1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
79
Holders Change
+10
Holders Change %
+14.49%
% of All Funds
1.4%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
19
Increased
25
Reduced
21
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$16.2M
2
SCM
Saba Capital Management
New York
+$13.9M
3
SFS
Shaker Financial Services
Virginia
+$2.64M
4
LCM
Landscape Capital Management
New Jersey
+$2.35M
5
SIA
Sit Investment Associates
Minnesota
+$1.8M

Top Sellers

1
JP Morgan Chase
JP Morgan Chase
New York
-$23.3M
2
Invesco
Invesco
Georgia
-$7.4M
3
Bank of America
Bank of America
North Carolina
-$4.12M
4
CBA
Coastal Bridge Advisors
Connecticut
-$1.33M
5
Stifel Financial
Stifel Financial
Missouri
-$969K
Name Holding Trade Value Shares
Change 		Change in
Stake
ASN
26
Advisory Services Network
Georgia
$1.26M +$19K +1,548 +2%
MAFM
27
Mid Atlantic Financial Management
Pennsylvania
$1.17M +$50.3K +4,100 +5%
PPA
28
Parametric Portfolio Associates
Washington
$1.12M +$1.1M +89,443 New
AA
29
AQR Arbitrage
Connecticut
$1.11M -$141K -11,470 -11%
SAM
30
Selway Asset Management
$1.05M -$63.8K -5,200 -6%
CAM
31
Cidel Asset Management
Ontario, Canada
$1.02M -$870K -70,881 Closed
Millennium Management
32
Millennium Management
New York
$891K +$876K +71,367 New
FM
33
Family Management
New York
$834K +$359K +29,280 +78%
QC
34
Quantedge Capital
Singapore
$748K +$735K +59,900 New
Commonwealth Equity Services
35
Commonwealth Equity Services
Massachusetts
$614K +$64.1K +5,221 +12%
AAM
36
Advisors Asset Management
Colorado
$503K -$56.1K -4,566 -10%
OIM
37
Oder Investment Management
California
$502K +$492K +40,093 New
MC
38
Matisse Capital
Oregon
$486K +$72.4K +5,899 +18%
RCM
39
Robinson Capital Management
Michigan
$472K +$217K +17,685 +87%
Northwestern Mutual Wealth Management
40
Northwestern Mutual Wealth Management
Wisconsin
$466K +$341K +27,811 +292%
CC
41
Claybrook Capital
Massachusetts
$449K – – –
OC
42
Oppenheimer & Co
New York
$424K +$51K +4,150 +14%
SFWA
43
Summit Financial Wealth Advisors
Louisiana
$410K +$13.5K +1,100 +3%
VEA
44
Virtus ETF Advisers
New York
$409K -$44.1K -3,591 -10%
RIL
45
Rothschild Investment LLC
Illinois
$346K – – –
WAM
46
Wolverine Asset Management
Illinois
$325K +$308K +25,066 +2,438%
CWP
47
Capital Wealth Planning
Florida
$312K +$42.4K +3,450 +17%
DA
48
Detalus Advisors
Missouri
$282K -$19.3K -1,575 -7%
FF
49
FourThought Financial
Florida
$261K +$258K +20,993 New
Fifth Third Bancorp
50
Fifth Third Bancorp
Ohio
$250K – – –
1
2
3 4

BGB Hedge Fund Activity: Q4 2020 in Review

79 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2020, worth a combined $240M — up 5.2% from $228M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new BGB positions and 8 closed out — a net gain of 11 holders — while 25 added to existing stakes and 21 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $16.2M. The largest seller was JP Morgan Chase, cutting an estimated $23.3M.

  • 79 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2020, up from 69 in Q3 2020.
  • Funds reported $240M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2020, up 5.2% quarter-over-quarter.
  • 19 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2020 and 8 closed out, a net change of +11 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2020 was Rivernorth Capital Management, an estimated $16.2M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2020 was JP Morgan Chase, an estimated $23.3M sold.

Based on aggregated 13F filings for Q4 2020.