Blackstone Strategic Credit 2027 Term Fund
BGB
53 hedge funds and large institutions have $303M invested in Blackstone Strategic Credit 2027 Term Fund in 2018 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 14 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 17
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% less capital invested
Capital invested by funds: $304M → $303M (-$1.45M)
0.68% less ownership
Funds ownership: 43.38% → 42.7% (-0.68%)
16% less funds holding
Funds holding: 63 → 53 (-10)
71% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$10.1M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$2.12M |
| 3 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$2.06M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.56M |
| 5 |
JP Morgan Chase
New York
|
+$928K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$9.57M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$3.6M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.9M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.73M |
| 5 |
LCM
Laurion Capital Management
New York
|
-$974K |
BGB Hedge Fund Activity: Q1 2018 in Review
53 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q1 2018, worth a combined $303M — down 0.48% from $304M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BGB and 4 opened new positions — a net loss of 10 holders — while 17 trimmed existing stakes and 20 added.
The largest buyer was Bank of America, adding an estimated $10.1M. The largest seller was UBS Group, cutting an estimated $9.57M.
- 53 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q1 2018, down from 63 in Q4 2017.
- Funds reported $303M of Blackstone Strategic Credit 2027 Term Fund stock for Q1 2018, down 0.48% quarter-over-quarter.
- 4 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q1 2018 and 14 closed out, a net change of -10 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q1 2018 was Bank of America, an estimated $10.1M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q1 2018 was UBS Group, an estimated $9.57M sold.
Based on aggregated 13F filings for Q1 2018.