Blackstone Strategic Credit 2027 Term Fund
BGB
43 hedge funds and large institutions have $219M invested in Blackstone Strategic Credit 2027 Term Fund in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 22 increasing their positions, 10 reducing their positions, and 5 closing their positions.
120% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 10
16% more capital invested
Capital invested by funds: $188M → $219M (+$30.7M)
5.49% more ownership
Funds ownership: 23.78% → 29.27% (+5.5%)
2% less funds holding
Funds holding: 44 → 43 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$23.3M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
+$14.8M |
| 3 |
Morgan Stanley
New York
|
+$6.14M |
| 4 |
Citigroup
New York
|
+$4.8M |
| 5 |
JP Morgan Chase
New York
|
+$4.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Regiment Capital Management
Boston,
Massachusetts
|
-$17.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$3.65M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$2.09M |
| 4 |
EML
Eos Management LP
New York
|
-$1.1M |
| 5 |
Barclays
London,
United Kingdom
|
-$1.07M |
BGB Hedge Fund Activity: Q3 2014 in Review
43 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2014, worth a combined $219M — up 16% from $188M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of BGB and 4 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 22 added.
The largest buyer was Saba Capital Management, adding an estimated $23.3M. The largest seller was Regiment Capital Management, cutting an estimated $17.1M.
- 43 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2014, down from 44 in Q2 2014.
- Funds reported $219M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2014, up 16% quarter-over-quarter.
- 4 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2014 and 5 closed out, a net change of -1 holder.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2014 was Saba Capital Management, an estimated $23.3M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2014 was Regiment Capital Management, an estimated $17.1M sold.
Based on aggregated 13F filings for Q3 2014.