Blackstone Strategic Credit 2027 Term Fund
BGB
41 hedge funds and large institutions have $291M invested in Blackstone Strategic Credit 2027 Term Fund in 2015 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 24 increasing their positions, 9 reducing their positions, and 7 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 9
1.25% more ownership
Funds ownership: 40.49% → 41.75% (+1.3%)
0% less capital invested
Capital invested by funds: $293M → $291M (-$1.21M)
7% less funds holding
Funds holding: 44 → 41 (-3)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$14.9M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$2.65M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
+$1.87M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.75M |
| 5 |
Morgan Stanley
New York
|
+$1.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$10.2M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$2.01M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.13M |
| 4 |
LCM
Laurion Capital Management
New York
|
-$782K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$759K |
BGB Hedge Fund Activity: Q2 2015 in Review
41 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q2 2015, worth a combined $291M — down 0.41% from $293M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of BGB and 4 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 24 added.
The largest buyer was Saba Capital Management, adding an estimated $14.9M. The largest seller was Deutsche Bank, cutting an estimated $10.2M.
- 41 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q2 2015, down from 44 in Q1 2015.
- Funds reported $291M of Blackstone Strategic Credit 2027 Term Fund stock for Q2 2015, down 0.41% quarter-over-quarter.
- 4 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q2 2015 and 7 closed out, a net change of -3 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q2 2015 was Saba Capital Management, an estimated $14.9M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q2 2015 was Deutsche Bank, an estimated $10.2M sold.
Based on aggregated 13F filings for Q2 2015.