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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

56 hedge funds and large institutions have $298M invested in Blackstone Strategic Credit 2027 Term Fund in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 24 increasing their positions, 14 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 14

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0% less capital invested

Capital invested by funds: $299M → $298M (-$317K)

0.28% less ownership

Funds ownership: 42.07% → 41.78% (-0.28%)

5% less funds holding

Funds holding: 59 → 56 (-3)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
56
Holders Change
-3
Holders Change %
-5.08%
% of All Funds
1.28%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
5
Increased
24
Reduced
14
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$4.96M
2
UBS Group
UBS Group
Switzerland
+$1.2M
3
CBA
Coastal Bridge Advisors
Connecticut
+$1.14M
4
JP Morgan Chase
JP Morgan Chase
New York
+$995K
5
Morgan Stanley
Morgan Stanley
New York
+$937K

Top Sellers

1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$4.29M
2
RCM
Robinson Capital Management
Michigan
-$3.34M
3
Bessemer Group
Bessemer Group
New Jersey
-$2.47M
4
PPA
Parametric Portfolio Associates
Washington
-$1.92M
5
CIA
Capital Investment Advisors
Georgia
-$305K
Name Holding Trade Value Shares
Change 		Change in
Stake
YWP
51
YorkBridge Wealth Partners
New York
$47K – – –
AF
52
Advisornet Financial
Minnesota
$29K – – –
SWP
53
Stratos Wealth Partners
Ohio
$5K +$4.79K +300 New
GI
54
Gradient Investments
Minnesota
$4K -$16K -1,000 -78%
BFEC
55
Benjamin F. Edwards & Company
Missouri
$4K – – –
Baillie Gifford & Co
56
Baillie Gifford & Co
United Kingdom
– -$4.29M -271,120 Closed
RCM
57
Robinson Capital Management
Michigan
– -$3.34M -211,233 Closed
PPA
58
Parametric Portfolio Associates
Washington
– -$1.92M -121,436 Closed
RCG
59
Ruggie Capital Group
Florida
– -$142K -9,000 Closed
TJHA
60
Thomas J. Herzfeld Advisors
Florida
– -$88K -5,581 Closed
SEI Investments
61
SEI Investments
Pennsylvania
– -$53K -3,377 Closed
CF
62
Centaurus Financial
California
– -$48K -3,067 Closed
LYV
63
Live Your Vision
Pennsylvania
– -$30K -1,850 Closed
PFO
64
Pathstone Family Office
New Jersey
– +$415 +26 New
1 2
3

BGB Hedge Fund Activity: Q3 2018 in Review

56 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2018, worth a combined $298M — down 0.11% from $299M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of BGB and 5 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 24 added.

The largest buyer was Bank of America, adding an estimated $4.96M. The largest seller was Baillie Gifford & Co, exiting entirely with an estimated $4.29M sold.

  • 56 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2018, down from 59 in Q2 2018.
  • Funds reported $298M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2018, down 0.11% quarter-over-quarter.
  • 5 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2018 and 8 closed out, a net change of -3 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2018 was Bank of America, an estimated $4.96M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2018 was Baillie Gifford & Co, an estimated $4.29M sold.

Based on aggregated 13F filings for Q3 2018.