Blackstone Strategic Credit 2027 Term Fund
BGB
54 hedge funds and large institutions have $255M invested in Blackstone Strategic Credit 2027 Term Fund in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 18 reducing their positions, and 14 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 18
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.53% less ownership
Funds ownership: 43.13% → 42.6% (-0.53%)
1% less capital invested
Capital invested by funds: $258M → $255M (-$2.76M)
13% less funds holding
Funds holding: 62 → 54 (-8)
57% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$5.34M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.67M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$2.53M |
| 4 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$2.16M |
| 5 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$2.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$3.88M |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$2.69M |
| 3 |
OHA
Oak Hill Advisors
New York
|
-$2.49M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$2.44M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.9M |
BGB Hedge Fund Activity: Q1 2016 in Review
54 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q1 2016, worth a combined $255M — down 1.1% from $258M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BGB and 6 opened new positions — a net loss of 8 holders — while 18 trimmed existing stakes and 21 added.
The largest buyer was Laurion Capital Management, adding an estimated $5.34M. The largest seller was Citigroup, cutting an estimated $3.88M.
- 54 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q1 2016, down from 62 in Q4 2015.
- Funds reported $255M of Blackstone Strategic Credit 2027 Term Fund stock for Q1 2016, down 1.1% quarter-over-quarter.
- 6 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q1 2016 and 14 closed out, a net change of -8 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q1 2016 was Laurion Capital Management, an estimated $5.34M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q1 2016 was Citigroup, an estimated $3.88M sold.
Based on aggregated 13F filings for Q1 2016.