Blackstone Strategic Credit 2027 Term Fund
BGB
79 hedge funds and large institutions have $240M invested in Blackstone Strategic Credit 2027 Term Fund in 2020 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 25 increasing their positions, 21 reducing their positions, and 8 closing their positions.
138% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 8
19% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 21
14% more funds holding
Funds holding: 69 → 79 (+10)
5% more capital invested
Capital invested by funds: $228M → $240M (+$12M)
1.05% more ownership
Funds ownership: 41.8% → 42.85% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$16.2M |
| 2 |
SCM
Saba Capital Management
New York
|
+$13.9M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.64M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$2.35M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$23.3M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$7.4M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$4.12M |
| 4 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
-$1.33M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$969K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WB
76
Webster Bank
Waterbury,
Connecticut
| $15K | – | – | – |
|
|
MIM
77
Merrion Investment Management
Cranford,
New Jersey
| $7K | +$6.75K | +550 | New |
|
78
Citigroup
New York
| $3K | – | – | – |
|
|
GI
79
Gradient Investments
Arden Hills,
Minnesota
| $3K | – | – | – |
|
|
PAM
80
Panagora Asset Management
Boston,
Massachusetts
| $2K | -$10.3K | -837 | -83% |
|
|
MSL
81
Mackay Shields LLC
New York
| – | -$390K | -31,952 | Closed |
|
|
BRWM
82
B. Riley Wealth Management
Memphis,
Tennessee
| – | -$169K | -13,800 | Closed |
|
|
WI
83
Wintrust Investments
Chicago,
Illinois
| – | -$156K | -12,783 | Closed |
|
|
SWM
84
SeaCrest Wealth Management
Purchase,
New York
| – | -$122K | -10,007 | Closed |
|
|
CWC
85
Carolinas Wealth Consulting
Charlotte,
North Carolina
| – | -$71.8K | -5,851 | Closed |
|
|
CSPIA
86
Cary Street Partners Investment Advisory
Richmond,
Virginia
| – | -$31K | -2,500 | Closed |
|
|
TRCT
87
Tower Research Capital (TRC)
New York
| – | -$5K | -400 | Closed |
|
BGB Hedge Fund Activity: Q4 2020 in Review
79 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2020, worth a combined $240M — up 5.2% from $228M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new BGB positions and 8 closed out — a net gain of 11 holders — while 25 added to existing stakes and 21 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $16.2M. The largest seller was JP Morgan Chase, cutting an estimated $23.3M.
- 79 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2020, up from 69 in Q3 2020.
- Funds reported $240M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2020, up 5.2% quarter-over-quarter.
- 19 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2020 and 8 closed out, a net change of +11 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2020 was Rivernorth Capital Management, an estimated $16.2M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2020 was JP Morgan Chase, an estimated $23.3M sold.
Based on aggregated 13F filings for Q4 2020.