Blackstone Strategic Credit 2027 Term Fund
BGB
50 hedge funds and large institutions have $268M invested in Blackstone Strategic Credit 2027 Term Fund in 2015 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 23 increasing their positions, 12 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
92% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 12
22% more funds holding
Funds holding: 41 → 50 (+9)
0.51% more ownership
Funds ownership: 41.75% → 42.25% (+0.51%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
8% less capital invested
Capital invested by funds: $291M → $268M (-$23.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$3.81M |
| 2 |
SCM
Saba Capital Management
New York
|
+$3.12M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.87M |
| 4 |
LCM
Laurion Capital Management
New York
|
+$1.34M |
| 5 |
SCM
SCS Capital Management
Boston,
Massachusetts
|
+$1.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$3.82M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.7M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$2.07M |
| 4 |
OHA
Oak Hill Advisors
New York
|
-$1.96M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$1.43M |
BGB Hedge Fund Activity: Q3 2015 in Review
50 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2015, worth a combined $268M — down 8% from $291M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new BGB positions and 4 closed out — a net gain of 9 holders — while 23 added to existing stakes and 12 trimmed.
The largest buyer was Goldman Sachs, opening a new position worth an estimated $3.81M. The largest seller was 1832 Asset Management, exiting entirely with an estimated $3.82M sold.
- 50 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2015, up from 41 in Q2 2015.
- Funds reported $268M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2015, down 8% quarter-over-quarter.
- 13 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2015 and 4 closed out, a net change of +9 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2015 was Goldman Sachs, an estimated $3.81M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2015 was 1832 Asset Management, an estimated $3.82M sold.
Based on aggregated 13F filings for Q3 2015.