Blackstone Strategic Credit 2027 Term Fund
BGB
63 hedge funds and large institutions have $246M invested in Blackstone Strategic Credit 2027 Term Fund in 2019 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 18 increasing their positions, 20 reducing their positions, and 10 closing their positions.
50% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 10
7% more funds holding
Funds holding: 59 → 63 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.04% less ownership
Funds ownership: 38.22% → 38.18% (-0.04%)
1% less capital invested
Capital invested by funds: $249M → $246M (-$2.83M)
10% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$10.4M |
| 2 |
Morgan Stanley
New York
|
+$3.55M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.45M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.71M |
| 5 |
Millennium Management
New York
|
+$1.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$9.59M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$5.73M |
| 3 |
JP Morgan Chase
New York
|
-$2.66M |
| 4 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$2.12M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$989K |
BGB Hedge Fund Activity: Q4 2019 in Review
63 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2019, worth a combined $246M — down 1.1% from $249M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new BGB positions and 10 closed out — a net gain of 5 holders — while 18 added to existing stakes and 20 trimmed.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $10.4M. The largest seller was Vident Investment Advisory, exiting entirely with an estimated $9.59M sold.
- 63 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2019, up from 59 in Q3 2019.
- Funds reported $246M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2019, down 1.1% quarter-over-quarter.
- 15 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2019 and 10 closed out, a net change of +5 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2019 was Penserra Capital Management, an estimated $10.4M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2019 was Vident Investment Advisory, an estimated $9.59M sold.
Based on aggregated 13F filings for Q4 2019.