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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

63 hedge funds and large institutions have $246M invested in Blackstone Strategic Credit 2027 Term Fund in 2019 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 18 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 10

7% more funds holding

Funds holding: 59 → 63 (+4)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.04% less ownership

Funds ownership: 38.22% → 38.18% (-0.04%)

1% less capital invested

Capital invested by funds: $249M → $246M (-$2.83M)

10% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 20

Holders
63
Holders Change
+4
Holders Change %
+6.78%
% of All Funds
1.24%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
15
Increased
18
Reduced
20
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PCM
Penserra Capital Management
California
+$10.4M
2
Morgan Stanley
Morgan Stanley
New York
+$3.55M
3
SIA
Sit Investment Associates
Minnesota
+$2.45M
4
SFS
Shaker Financial Services
Virginia
+$1.71M
5
Millennium Management
Millennium Management
New York
+$1.42M

Top Sellers

1
VIA
Vident Investment Advisory
Georgia
-$9.59M
2
Bank of America
Bank of America
North Carolina
-$5.73M
3
JP Morgan Chase
JP Morgan Chase
New York
-$2.66M
4
CIA
Capital Investment Advisors
Georgia
-$2.12M
5
Invesco
Invesco
Georgia
-$989K
Name Holding Trade Value Shares
Change 		Change in
Stake
AF
51
Advisornet Financial
Minnesota
$75K – – –
PFPT
52
Pinnacle Financial Partners (Tennessee)
Tennessee
$73K +$71.2K +5,048 New
LC
53
Lindbrook Capital
California
$55K +$579 +41 +1%
WB
54
West Bancorporation
Iowa
$40K +$38.8K +2,750 New
BFEC
55
Benjamin F. Edwards & Company
Missouri
$33K -$8.04K -570 -20%
SW
56
SVB Wealth
Massachusetts
$29K +$28.2K +2,000 New
CG
57
Cutler Group
California
$28K – – –
HPC
58
HM Payson & Co
Maine
$21K – – –
WB
59
Webster Bank
Connecticut
$17K – – –
CHA
60
Carmichael Hill & Associates
Maryland
$14K +$14.1K +1,000 New
Rockefeller Capital Management
61
Rockefeller Capital Management
New York
$14K +$14.2K +1,007 New
TRCT
62
Tower Research Capital (TRC)
New York
$8K +$8.3K +588 New
Citigroup
63
Citigroup
New York
$5K – – –
GI
64
Gradient Investments
Minnesota
$4K – – –
VIA
65
Vident Investment Advisory
Georgia
– -$9.59M -656,826 Closed
QGA
66
Q Global Advisors
Texas
– -$946K -64,812 Closed
MIAN
67
Mariner Independent Advisor Network
Kansas
– -$260K -17,850 Closed
APA
68
American Portfolios Advisors
New York
– -$177K -12,130 Closed
JSL
69
JT Stratford LLC
Georgia
– -$162K -11,104 Closed
IFWM
70
Institute for Wealth Management
Colorado
– -$151K -10,319 Closed
FMII
71
Farmers & Merchants Investments Inc
Nebraska
– -$26K -1,750 Closed
PAM
72
Panagora Asset Management
Massachusetts
– -$20K -1,343 Closed
1 2
3

BGB Hedge Fund Activity: Q4 2019 in Review

63 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2019, worth a combined $246M — down 1.1% from $249M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new BGB positions and 10 closed out — a net gain of 5 holders — while 18 added to existing stakes and 20 trimmed.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $10.4M. The largest seller was Vident Investment Advisory, exiting entirely with an estimated $9.59M sold.

  • 63 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2019, up from 59 in Q3 2019.
  • Funds reported $246M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2019, down 1.1% quarter-over-quarter.
  • 15 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2019 and 10 closed out, a net change of +5 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2019 was Penserra Capital Management, an estimated $10.4M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2019 was Vident Investment Advisory, an estimated $9.59M sold.

Based on aggregated 13F filings for Q4 2019.