Blackstone Strategic Credit 2027 Term Fund
BGB
68 hedge funds and large institutions have $290M invested in Blackstone Strategic Credit 2027 Term Fund in 2017 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 29 increasing their positions, 15 reducing their positions, and 10 closing their positions.
93% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 15
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 10
1% less capital invested
Capital invested by funds: $294M → $290M (-$4.28M)
1% less funds holding
Funds holding: 69 → 68 (-1)
1.97% less ownership
Funds ownership: 42.9% → 40.93% (-2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$11.5M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$9.78M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$5.78M |
| 4 |
Morgan Stanley
New York
|
+$3.99M |
| 5 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$2.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$23.4M |
| 2 |
Citigroup
New York
|
-$9.2M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$7.05M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.48M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$4.51M |
BGB Hedge Fund Activity: Q1 2017 in Review
68 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q1 2017, worth a combined $290M — down 1.5% from $294M a quarter earlier.
Fund positioning in BGB was balanced in Q1 2017: 10 funds opened new positions, 10 closed out, 29 added to existing stakes and 15 trimmed.
The largest buyer was Coastal Bridge Advisors, adding an estimated $11.5M. The largest seller was Saba Capital Management, exiting entirely with an estimated $23.4M sold.
- 68 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q1 2017, down from 69 in Q4 2016.
- Funds reported $290M of Blackstone Strategic Credit 2027 Term Fund stock for Q1 2017, down 1.5% quarter-over-quarter.
- 10 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q1 2017 and 10 closed out, a net change of 0 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q1 2017 was Coastal Bridge Advisors, an estimated $11.5M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q1 2017 was Saba Capital Management, an estimated $23.4M sold.
Based on aggregated 13F filings for Q1 2017.