Blackstone Strategic Credit 2027 Term Fund
BGB
55 hedge funds and large institutions have $296M invested in Blackstone Strategic Credit 2027 Term Fund in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 14 reducing their positions, and 8 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 14
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0% less capital invested
Capital invested by funds: $297M → $296M (-$317K)
0.28% less ownership
Funds ownership: 41.99% → 41.71% (-0.28%)
5% less funds holding
Funds holding: 58 → 55 (-3)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$4.96M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.2M |
| 3 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$1.14M |
| 4 |
JP Morgan Chase
New York
|
+$995K |
| 5 |
Morgan Stanley
New York
|
+$937K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$4.29M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$3.34M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.47M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.92M |
| 5 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$305K |
BGB Hedge Fund Activity: Q3 2018 in Review
55 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2018, worth a combined $296M — down 0.11% from $297M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BGB and 5 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 23 added.
The largest buyer was Bank of America, adding an estimated $4.96M. The largest seller was Baillie Gifford & Co, exiting entirely with an estimated $4.29M sold.
- 55 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2018, down from 58 in Q2 2018.
- Funds reported $296M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2018, down 0.11% quarter-over-quarter.
- 5 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2018 and 8 closed out, a net change of -3 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2018 was Bank of America, an estimated $4.96M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2018 was Baillie Gifford & Co, an estimated $4.29M sold.
Based on aggregated 13F filings for Q3 2018.