Blackstone Strategic Credit 2027 Term Fund
BGB
62 hedge funds and large institutions have $258M invested in Blackstone Strategic Credit 2027 Term Fund in 2015 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 19 increasing their positions, 16 reducing their positions, and 10 closing their positions.
120% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 10
24% more funds holding
Funds holding: 50 → 62 (+12)
19% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 16
14% more capital inflows, than outflows
Capital inflows: $45.9M | Capital outflows: $40.4M
0.88% more ownership
Funds ownership: 42.25% → 43.13% (+0.88%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$16.7M |
| 2 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$4.21M |
| 3 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$3.39M |
| 4 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.68M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Karpus Investment Management
Pittsford,
New York
|
-$11.1M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$10.1M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$4.01M |
| 4 |
Morgan Stanley
New York
|
-$3.09M |
| 5 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$2.19M |
BGB Hedge Fund Activity: Q4 2015 in Review
62 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2015, worth a combined $258M — down 3.9% from $268M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new BGB positions and 10 closed out — a net gain of 12 holders — while 19 added to existing stakes and 16 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $16.7M. The largest seller was Karpus Investment Management, cutting an estimated $11.1M.
- 62 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2015, up from 50 in Q3 2015.
- Funds reported $258M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2015, down 3.9% quarter-over-quarter.
- 22 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2015 and 10 closed out, a net change of +12 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2015 was JP Morgan Chase, an estimated $16.7M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2015 was Karpus Investment Management, an estimated $11.1M sold.
Based on aggregated 13F filings for Q4 2015.