Blackstone Strategic Credit 2027 Term Fund
BGB
61 hedge funds and large institutions have $262M invested in Blackstone Strategic Credit 2027 Term Fund in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 24 increasing their positions, 19 reducing their positions, and 11 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
26% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 19
3% less capital invested
Capital invested by funds: $271M → $262M (-$8.4M)
2.47% less ownership
Funds ownership: 42.51% → 40.04% (-2.5%)
8% less funds holding
Funds holding: 66 → 61 (-5)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VEA
Virtus ETF Advisers
New York
|
+$3.41M |
| 2 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$1.63M |
| 3 |
Morgan Stanley
New York
|
+$1.34M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.11M |
| 5 |
NCM
Next Capital Management
New York
|
+$1.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$7.84M |
| 2 |
OHA
Oak Hill Advisors
New York
|
-$5.47M |
| 3 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$4.98M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$3.58M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$1.93M |
BGB Hedge Fund Activity: Q2 2019 in Review
61 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q2 2019, worth a combined $262M — down 3.1% from $271M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BGB and 6 opened new positions — a net loss of 5 holders — while 19 trimmed existing stakes and 24 added.
The largest buyer was Virtus ETF Advisers, opening a new position worth an estimated $3.41M. The largest seller was JP Morgan Chase, cutting an estimated $7.84M.
- 61 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q2 2019, down from 66 in Q1 2019.
- Funds reported $262M of Blackstone Strategic Credit 2027 Term Fund stock for Q2 2019, down 3.1% quarter-over-quarter.
- 6 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q2 2019 and 11 closed out, a net change of -5 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q2 2019 was Virtus ETF Advisers, an estimated $3.41M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q2 2019 was JP Morgan Chase, an estimated $7.84M sold.
Based on aggregated 13F filings for Q2 2019.