Blackstone Strategic Credit 2027 Term Fund
BGB
66 hedge funds and large institutions have $271M invested in Blackstone Strategic Credit 2027 Term Fund in 2019 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 28 increasing their positions, 22 reducing their positions, and 15 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 22
1% more capital invested
Capital invested by funds: $268M → $271M (+$2.33M)
1.99% less ownership
Funds ownership: 44.49% → 42.51% (-2%)
11% less funds holding
Funds holding: 74 → 66 (-8)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
53% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$7.11M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$3.45M |
| 3 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$3.26M |
| 4 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$2.14M |
| 5 |
FM
Family Management
New York
|
+$1.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OHA
Oak Hill Advisors
New York
|
-$9.23M |
| 2 |
NCM
Next Capital Management
New York
|
-$3.86M |
| 3 |
JP Morgan Chase
New York
|
-$3.79M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.9M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$2.74M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFM
76
Boothbay Fund Management
New York
| – | -$287K | -21,324 | Closed |
|
77
Jane Street
New York
| – | -$258K | -19,157 | Closed |
|
|
MIG
78
Mariner Investment Group
Harrison,
New York
| – | -$244K | -18,100 | Closed |
|
|
DWM
79
Doyle Wealth Management
St. Petersburg,
Florida
| – | -$75K | -5,564 | Closed |
|
|
LWA
80
Lenox Wealth Advisors
New York
| – | -$40K | -3,000 | Closed |
|
|
AIC
81
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$22K | -1,615 | Closed |
|
BGB Hedge Fund Activity: Q1 2019 in Review
66 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q1 2019, worth a combined $271M — up 0.87% from $268M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of BGB and 7 opened new positions — a net loss of 8 holders — while 22 trimmed existing stakes and 28 added.
The largest buyer was UBS Group, adding an estimated $7.11M. The largest seller was Oak Hill Advisors, cutting an estimated $9.23M.
- 66 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q1 2019, down from 74 in Q4 2018.
- Funds reported $271M of Blackstone Strategic Credit 2027 Term Fund stock for Q1 2019, up 0.87% quarter-over-quarter.
- 7 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q1 2019 and 15 closed out, a net change of -8 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q1 2019 was UBS Group, an estimated $7.11M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q1 2019 was Oak Hill Advisors, an estimated $9.23M sold.
Based on aggregated 13F filings for Q1 2019.