Blackstone Strategic Credit 2027 Term Fund
BGB
69 hedge funds and large institutions have $294M invested in Blackstone Strategic Credit 2027 Term Fund in 2016 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 27 increasing their positions, 12 reducing their positions, and 4 closing their positions.
325% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 4
125% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 12
23% more funds holding
Funds holding: 56 → 69 (+13)
1% more capital invested
Capital invested by funds: $290M → $294M (+$3.83M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.7% less ownership
Funds ownership: 43.6% → 42.9% (-0.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$11.2M |
| 2 |
JP Morgan Chase
New York
|
+$4.4M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$3.25M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$3.25M |
| 5 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$2.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$21.6M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$10.5M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.99M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$2.43M |
| 5 |
Citigroup
New York
|
-$2.12M |
BGB Hedge Fund Activity: Q4 2016 in Review
69 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2016, worth a combined $294M — up 1.3% from $290M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new BGB positions and 4 closed out — a net gain of 13 holders — while 27 added to existing stakes and 12 trimmed.
The largest buyer was Coastal Bridge Advisors, opening a new position worth an estimated $11.2M. The largest seller was Saba Capital Management, cutting an estimated $21.6M.
- 69 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2016, up from 56 in Q3 2016.
- Funds reported $294M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2016, up 1.3% quarter-over-quarter.
- 17 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2016 and 4 closed out, a net change of +13 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2016 was Coastal Bridge Advisors, an estimated $11.2M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2016 was Saba Capital Management, an estimated $21.6M sold.
Based on aggregated 13F filings for Q4 2016.