Blackstone Strategic Credit 2027 Term Fund
BGB
58 hedge funds and large institutions have $297M invested in Blackstone Strategic Credit 2027 Term Fund in 2018 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 18 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
9% more funds holding
Funds holding: 53 → 58 (+5)
0% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 18
0.71% less ownership
Funds ownership: 42.7% → 41.99% (-0.71%)
2% less capital invested
Capital invested by funds: $303M → $297M (-$6.43M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$10.3M |
| 2 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$3.39M |
| 3 |
JP Morgan Chase
New York
|
+$1.92M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.84M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.09M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$4.18M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$3.98M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.96M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$2.95M |
BGB Hedge Fund Activity: Q2 2018 in Review
58 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q2 2018, worth a combined $297M — down 2.1% from $303M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new BGB positions and 4 closed out — a net gain of 5 holders — while 18 added to existing stakes and 18 trimmed.
The largest buyer was Bank of America, adding an estimated $10.3M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $6.09M sold.
- 58 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q2 2018, up from 53 in Q1 2018.
- Funds reported $297M of Blackstone Strategic Credit 2027 Term Fund stock for Q2 2018, down 2.1% quarter-over-quarter.
- 9 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q2 2018 and 4 closed out, a net change of +5 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q2 2018 was Bank of America, an estimated $10.3M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q2 2018 was Rivernorth Capital Management, an estimated $6.09M sold.
Based on aggregated 13F filings for Q2 2018.