Blackstone Strategic Credit 2027 Term Fund
BGB
74 hedge funds and large institutions have $268M invested in Blackstone Strategic Credit 2027 Term Fund in 2018 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 17 increasing their positions, 18 reducing their positions, and 10 closing their positions.
200% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 10
35% more funds holding
Funds holding: 55 → 74 (+19)
2.78% more ownership
Funds ownership: 41.71% → 44.49% (+2.8%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
6% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 18
9% less capital invested
Capital invested by funds: $296M → $268M (-$28M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$6.39M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.9M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.12M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$2.69M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
-$6.07M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$4.57M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$2.3M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.13M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.89M |
BGB Hedge Fund Activity: Q4 2018 in Review
74 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2018, worth a combined $268M — down 9.5% from $296M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new BGB positions and 10 closed out — a net gain of 20 holders — while 17 added to existing stakes and 18 trimmed.
The largest buyer was Beach Point Capital Management, opening a new position worth an estimated $6.39M. The largest seller was Bessemer Group, exiting entirely with an estimated $6.07M sold.
- 74 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2018, up from 55 in Q3 2018.
- Funds reported $268M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2018, down 9.5% quarter-over-quarter.
- 30 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2018 and 10 closed out, a net change of +20 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2018 was Beach Point Capital Management, an estimated $6.39M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2018 was Bessemer Group, an estimated $6.07M sold.
Based on aggregated 13F filings for Q4 2018.