Blackstone Strategic Credit 2027 Term Fund
BGB
35 hedge funds and large institutions have $143M invested in Blackstone Strategic Credit 2027 Term Fund in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 6 closing their positions.
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
86% more capital invested
Capital invested by funds: $76.9M → $143M (+$66.5M)
63% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 8
21% more funds holding
Funds holding: 29 → 35 (+6)
8.32% more ownership
Funds ownership: 9.79% → 18.11% (+8.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Regiment Capital Management
Boston,
Massachusetts
|
+$25.6M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$7.99M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$6.49M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.71M |
| 5 |
OHA
Oak Hill Advisors
New York
|
+$5.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$1.12M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$375K |
| 3 |
Jane Street
New York
|
-$337K |
| 4 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$327K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$298K |
BGB Hedge Fund Activity: Q4 2013 in Review
35 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2013, worth a combined $143M — up 86% from $76.9M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BGB positions and 6 closed out — a net gain of 6 holders — while 13 added to existing stakes and 8 trimmed.
The largest buyer was Regiment Capital Management, opening a new position worth an estimated $25.6M. The largest seller was JP Morgan Chase, exiting entirely with an estimated $1.12M sold.
- 35 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2013, up from 29 in Q3 2013.
- Funds reported $143M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2013, up 86% quarter-over-quarter.
- 12 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2013 and 6 closed out, a net change of +6 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2013 was Regiment Capital Management, an estimated $25.6M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2013 was JP Morgan Chase, an estimated $1.12M sold.
Based on aggregated 13F filings for Q4 2013.