Blackstone Strategic Credit 2027 Term Fund
BGB
59 hedge funds and large institutions have $249M invested in Blackstone Strategic Credit 2027 Term Fund in 2019 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 18 reducing their positions, and 8 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 18
1.82% less ownership
Funds ownership: 40.04% → 38.22% (-1.8%)
3% less funds holding
Funds holding: 61 → 59 (-2)
5% less capital invested
Capital invested by funds: $262M → $249M (-$13.3M)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$995K |
| 2 |
SPIA
Steward Partners Investment Advisory
New York
|
+$892K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$667K |
| 4 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$545K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$544K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
-$5.14M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$3.1M |
| 3 |
OHA
Oak Hill Advisors
New York
|
-$2.03M |
| 4 |
NCM
Next Capital Management
New York
|
-$1.86M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.3M |
BGB Hedge Fund Activity: Q3 2019 in Review
59 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2019, worth a combined $249M — down 5.1% from $262M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BGB and 6 opened new positions — a net loss of 2 holders — while 18 trimmed existing stakes and 21 added.
The largest buyer was Royal Bank of Canada, adding an estimated $995K. The largest seller was Coastal Bridge Advisors, cutting an estimated $5.14M.
- 59 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2019, down from 61 in Q2 2019.
- Funds reported $249M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2019, down 5.1% quarter-over-quarter.
- 6 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2019 and 8 closed out, a net change of -2 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2019 was Royal Bank of Canada, an estimated $995K added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2019 was Coastal Bridge Advisors, an estimated $5.14M sold.
Based on aggregated 13F filings for Q3 2019.