Blackstone Strategic Credit 2027 Term Fund
BGB
29 hedge funds and large institutions have $86.8M invested in Blackstone Strategic Credit 2027 Term Fund in 2013 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 4 closing their positions.
150% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 4
70% more capital invested
Capital invested by funds: $50.9M → $86.8M (+$35.8M)
26% more funds holding
Funds holding: 23 → 29 (+6)
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
3.59% more ownership
Funds ownership: 6.2% → 9.79% (+3.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$4.73M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$4.61M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$4.08M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$3.19M |
| 5 |
Barclays
London,
United Kingdom
|
+$3.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
-$245K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$101K |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$84.7K |
| 4 |
JP Morgan Chase
New York
|
-$74.6K |
| 5 |
Jane Street
New York
|
-$50.1K |
BGB Hedge Fund Activity: Q3 2013 in Review
29 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2013, worth a combined $86.8M — up 70% from $50.9M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BGB positions and 4 closed out — a net gain of 6 holders — while 9 added to existing stakes and 8 trimmed.
The largest buyer was Bank of America, adding an estimated $4.73M. The largest seller was Investors Capital Advisory Services, exiting entirely with an estimated $245K sold.
- 29 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2013, up from 23 in Q2 2013.
- Funds reported $86.8M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2013, up 70% quarter-over-quarter.
- 10 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2013 and 4 closed out, a net change of +6 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2013 was Bank of America, an estimated $4.73M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2013 was Investors Capital Advisory Services, an estimated $245K sold.
Based on aggregated 13F filings for Q3 2013.