Blackstone Strategic Credit 2027 Term Fund
BGB
44 hedge funds and large institutions have $188M invested in Blackstone Strategic Credit 2027 Term Fund in 2014 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 19 increasing their positions, 9 reducing their positions, and 7 closing their positions.
111% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 9
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
20% more capital invested
Capital invested by funds: $158M → $188M (+$30.8M)
7% more funds holding
Funds holding: 41 → 44 (+3)
3.82% more ownership
Funds ownership: 19.97% → 23.78% (+3.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OHA
Oak Hill Advisors
New York
|
+$6.52M |
| 2 |
SCM
Saba Capital Management
New York
|
+$4.15M |
| 3 |
SAM
Selway Asset Management
|
+$3.9M |
| 4 |
Morgan Stanley
New York
|
+$3.37M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$2.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
-$2.08M |
| 2 |
Neuberger Berman Group
New York
|
-$1.26M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$707K |
| 4 |
OC
Oppenheimer & Co
New York
|
-$421K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$419K |
BGB Hedge Fund Activity: Q2 2014 in Review
44 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q2 2014, worth a combined $188M — up 20% from $158M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BGB positions and 7 closed out — a net gain of 3 holders — while 19 added to existing stakes and 9 trimmed.
The largest buyer was Oak Hill Advisors, adding an estimated $6.52M. The largest seller was Barclays, cutting an estimated $2.08M.
- 44 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q2 2014, up from 41 in Q1 2014.
- Funds reported $188M of Blackstone Strategic Credit 2027 Term Fund stock for Q2 2014, up 20% quarter-over-quarter.
- 10 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q2 2014 and 7 closed out, a net change of +3 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q2 2014 was Oak Hill Advisors, an estimated $6.52M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q2 2014 was Barclays, an estimated $2.08M sold.
Based on aggregated 13F filings for Q2 2014.