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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

67 hedge funds and large institutions have $207M invested in Blackstone Strategic Credit 2027 Term Fund in 2020 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 24 increasing their positions, 24 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more capital invested

Capital invested by funds: $193M → $207M (+$14.2M)

0% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 24

0.89% less ownership

Funds ownership: 41.48% → 40.59% (-0.89%)

13% less funds holding

Funds holding: 77 → 67 (-10)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

77% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 13

Holders
67
Holders Change
-10
Holders Change %
-12.99%
% of All Funds
1.37%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
3
Increased
24
Reduced
24
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$3.28M
2
CBA
Coastal Bridge Advisors
Connecticut
+$2.4M
3
Wells Fargo
Wells Fargo
California
+$1.56M
4
RJA
Raymond James & Associates
Florida
+$1.54M
5
PAIM
Punch & Associates Investment Management
Minnesota
+$1.22M

Top Sellers

Rank Fund Capital Flow
1
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$3.64M
2
SCM
Saba Capital Management
New York
-$3.44M
3
Bank of America
Bank of America
North Carolina
-$2.61M
4
VEA
Virtus ETF Advisers
New York
-$1.83M
5
Goldman Sachs
Goldman Sachs
New York
-$1.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
Truist Financial
51
Truist Financial
North Carolina
$136K -$174K -15,931 -57%
GLLW
52
Graves Light Lenhart Wealth
Virginia
$114K – – –
LC
53
Lindbrook Capital
California
$85K +$568 +52 +0.7%
HCM
54
Horrell Capital Management
Arkansas
$82K – – –
Rockefeller Capital Management
55
Rockefeller Capital Management
New York
$69K +$29K +2,655 +79%
AF
56
Advisornet Financial
Minnesota
$54K – – –
WB
57
West Bancorporation
Iowa
$31K – – –
PFPT
58
Pinnacle Financial Partners (Tennessee)
Tennessee
$26K – – –
PNC Financial Services Group
59
PNC Financial Services Group
Pennsylvania
$22K -$17.5K -1,600 -46%
HPC
60
HM Payson & Co
Maine
$17K – – –
WB
61
Webster Bank
Connecticut
$14K – – –
PAM
62
Panagora Asset Management
Massachusetts
$12K – – –
1W
63
1776 Wealth
Georgia
$11K – – –
OPS
64
Orion Portfolio Solutions
Nebraska
$10K -$131 -12 -1%
Citigroup
65
Citigroup
New York
$4K – – –
GI
66
Gradient Investments
Minnesota
$3K – – –
Bank of Montreal
67
Bank of Montreal
Ontario, Canada
– -$3.64M -365,000 Closed
PPA
68
Parametric Portfolio Associates
Washington
– -$1.05M -100,521 Closed
Citadel Advisors
69
Citadel Advisors
Florida
– -$295K -28,298 Closed
VWM
70
Vigilare Wealth Management
Arizona
– -$194K -18,657 Closed
BRWM
71
B. Riley Wealth Management
Tennessee
– -$144K -13,800 Closed
LPL Financial
72
LPL Financial
California
– -$116K -11,135 Closed
RFM
73
Royal Fund Management
Florida
– -$84K -8,070 Closed
CT
74
Caldwell Trust
Florida
– -$21.3K -2,045 Closed
BC
75
Bartlett & Co
Ohio
– -$13K -1,280 Closed
1 2
3
4

BGB Hedge Fund Activity: Q2 2020 in Review

67 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q2 2020, worth a combined $207M — up 7.4% from $193M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of BGB and 3 opened new positions — a net loss of 10 holders — while 24 trimmed existing stakes and 24 added.

The largest buyer was Guggenheim Capital, adding an estimated $3.28M. The largest seller was Bank of Montreal, exiting entirely with an estimated $3.64M sold.

  • 67 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q2 2020, down from 77 in Q1 2020.
  • Funds reported $207M of Blackstone Strategic Credit 2027 Term Fund stock for Q2 2020, up 7.4% quarter-over-quarter.
  • 3 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q2 2020 and 13 closed out, a net change of -10 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q2 2020 was Guggenheim Capital, an estimated $3.28M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q2 2020 was Bank of Montreal, an estimated $3.64M sold.

Based on aggregated 13F filings for Q2 2020.