Blackstone Strategic Credit 2027 Term Fund
BGB
56 hedge funds and large institutions have $290M invested in Blackstone Strategic Credit 2027 Term Fund in 2016 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 13 reducing their positions, and 5 closing their positions.
69% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 13
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
2% more funds holding
Funds holding: 55 → 56 (+1)
2% more capital invested
Capital invested by funds: $284M → $290M (+$5.77M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.64% less ownership
Funds ownership: 44.24% → 43.6% (-0.64%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$9.54M |
| 2 |
SCM
Saba Capital Management
New York
|
+$5.71M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$2.73M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
+$1.69M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$7.79M |
| 2 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$7.05M |
| 3 |
LCM
Laurion Capital Management
New York
|
-$5.39M |
| 4 |
Morgan Stanley
New York
|
-$4M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$2.77M |
BGB Hedge Fund Activity: Q3 2016 in Review
56 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2016, worth a combined $290M — up 2% from $284M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new BGB positions and 5 closed out — a net gain of 1 holder — while 22 added to existing stakes and 13 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $9.54M. The largest seller was Deutsche Bank, cutting an estimated $7.79M.
- 56 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2016, up from 55 in Q2 2016.
- Funds reported $290M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2016, up 2% quarter-over-quarter.
- 6 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2016 and 5 closed out, a net change of +1 holder.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2016 was Raymond James & Associates, an estimated $9.54M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2016 was Deutsche Bank, an estimated $7.79M sold.
Based on aggregated 13F filings for Q3 2016.