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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$3.28M |
| 2 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$2.4M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.56M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.54M |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$3.64M |
| 2 |
SCM
Saba Capital Management
New York
|
-$3.44M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.61M |
| 4 |
VEA
Virtus ETF Advisers
New York
|
-$1.83M |
| 5 |
Goldman Sachs
New York
|
-$1.26M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCWM
76
Bartlett & Co Wealth Management
Cincinnati,
Ohio
| – | -$13.3K | -1,280 | Closed |
|
|
CHA
77
Carmichael Hill & Associates
Gaithersburg,
Maryland
| – | -$10K | -1,000 | Closed |
|
|
BFEC
78
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$7K | -625 | Closed |
|
|
FHA
79
Flagship Harbor Advisors
Boston,
Massachusetts
| – | -$4K | -432 | Closed |
|
80
Fidelity Investments
Boston,
Massachusetts
| – | +$11 | +1 | New |
|
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.