Blackstone Strategic Credit 2027 Term Fund
BGB
64 hedge funds and large institutions have $314M invested in Blackstone Strategic Credit 2027 Term Fund in 2017 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 19 reducing their positions, and 10 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 19
2% more capital invested
Capital invested by funds: $307M → $314M (+$6.3M)
0.75% more ownership
Funds ownership: 43.21% → 43.96% (+0.75%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less funds holding
Funds holding: 65 → 64 (-1)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$5.48M |
| 2 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$3.28M |
| 3 |
Morgan Stanley
New York
|
+$2.83M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$2.22M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$2.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.95M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.49M |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$2.41M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.11M |
| 5 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$1.05M |
BGB Hedge Fund Activity: Q3 2017 in Review
64 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2017, worth a combined $314M — up 2.1% from $307M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BGB and 9 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 24 added.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $5.48M. The largest seller was Parametric Portfolio Associates, cutting an estimated $2.95M.
- 64 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2017, down from 65 in Q2 2017.
- Funds reported $314M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2017, up 2.1% quarter-over-quarter.
- 9 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2017 and 10 closed out, a net change of -1 holder.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2017 was Laurion Capital Management, an estimated $5.48M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2017 was Parametric Portfolio Associates, an estimated $2.95M sold.
Based on aggregated 13F filings for Q3 2017.