Blackstone Strategic Credit 2027 Term Fund
BGB
41 hedge funds and large institutions have $158M invested in Blackstone Strategic Credit 2027 Term Fund in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
55% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 11
17% more funds holding
Funds holding: 35 → 41 (+6)
10% more capital invested
Capital invested by funds: $143M → $158M (+$14.3M)
1.86% more ownership
Funds ownership: 18.11% → 19.97% (+1.9%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$7.28M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$4.06M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.32M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$2M |
| 5 |
OHA
Oak Hill Advisors
New York
|
+$1.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Selway Asset Management
|
-$2.92M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.94M |
| 3 |
Barclays
London,
United Kingdom
|
-$774K |
| 4 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$458K |
| 5 |
SCM
Saba Capital Management
New York
|
-$447K |
BGB Hedge Fund Activity: Q1 2014 in Review
41 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q1 2014, worth a combined $158M — up 10% from $143M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new BGB positions and 2 closed out — a net gain of 6 holders — while 17 added to existing stakes and 11 trimmed.
The largest buyer was Bank of America, adding an estimated $7.28M. The largest seller was Selway Asset Management, exiting entirely with an estimated $2.92M sold.
- 41 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q1 2014, up from 35 in Q4 2013.
- Funds reported $158M of Blackstone Strategic Credit 2027 Term Fund stock for Q1 2014, up 10% quarter-over-quarter.
- 8 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q1 2014 and 2 closed out, a net change of +6 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q1 2014 was Bank of America, an estimated $7.28M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q1 2014 was Selway Asset Management, an estimated $2.92M sold.
Based on aggregated 13F filings for Q1 2014.