Blackstone Strategic Credit 2027 Term Fund
BGB
65 hedge funds and large institutions have $307M invested in Blackstone Strategic Credit 2027 Term Fund in 2017 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 17 reducing their positions, and 10 closing their positions.
41% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 17
6% more capital invested
Capital invested by funds: $290M → $307M (+$17.6M)
2.28% more ownership
Funds ownership: 40.93% → 43.21% (+2.3%)
4% less funds holding
Funds holding: 68 → 65 (-3)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$11.4M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$3.33M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$3.21M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$2.7M |
| 5 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$2.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$2.43M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.14M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.06M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.94M |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$1.73M |
BGB Hedge Fund Activity: Q2 2017 in Review
65 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q2 2017, worth a combined $307M — up 6.1% from $290M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BGB and 7 opened new positions — a net loss of 3 holders — while 17 trimmed existing stakes and 24 added.
The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $11.4M. The largest seller was Ameriprise, exiting entirely with an estimated $2.43M sold.
- 65 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q2 2017, down from 68 in Q1 2017.
- Funds reported $307M of Blackstone Strategic Credit 2027 Term Fund stock for Q2 2017, up 6.1% quarter-over-quarter.
- 7 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q2 2017 and 10 closed out, a net change of -3 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $11.4M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q2 2017 was Ameriprise, an estimated $2.43M sold.
Based on aggregated 13F filings for Q2 2017.