Blackstone Strategic Credit 2027 Term Fund
BGB
55 hedge funds and large institutions have $284M invested in Blackstone Strategic Credit 2027 Term Fund in 2016 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 19 increasing their positions, 14 reducing their positions, and 8 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 14
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
10% more capital invested
Capital invested by funds: $259M → $284M (+$25M)
2% more funds holding
Funds holding: 54 → 55 (+1)
1.65% more ownership
Funds ownership: 42.6% → 44.24% (+1.6%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$7.31M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$5.24M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$5.22M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.79M |
| 5 |
Morgan Stanley
New York
|
+$1.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$9.72M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$2.02M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.6M |
| 4 |
KJHP
K.J. Harrison & Partners
Toronto,
Ontario, Canada
|
-$1.55M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.33M |
BGB Hedge Fund Activity: Q2 2016 in Review
55 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q2 2016, worth a combined $284M — up 9.6% from $259M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BGB positions and 8 closed out — a net gain of 2 holders — while 19 added to existing stakes and 14 trimmed.
The largest buyer was Laurion Capital Management, adding an estimated $7.31M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $9.72M sold.
- 55 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q2 2016, up from 54 in Q1 2016.
- Funds reported $284M of Blackstone Strategic Credit 2027 Term Fund stock for Q2 2016, up 9.6% quarter-over-quarter.
- 10 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q2 2016 and 8 closed out, a net change of +2 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q2 2016 was Laurion Capital Management, an estimated $7.31M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $9.72M sold.
Based on aggregated 13F filings for Q2 2016.