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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

67 hedge funds and large institutions have $207M invested in Blackstone Strategic Credit 2027 Term Fund in 2020 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 24 increasing their positions, 24 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more capital invested

Capital invested by funds: $193M → $207M (+$14.2M)

0% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 24

0.89% less ownership

Funds ownership: 41.48% → 40.59% (-0.89%)

13% less funds holding

Funds holding: 77 → 67 (-10)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

77% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 13

Holders
67
Holders Change
-10
Holders Change %
-12.99%
% of All Funds
1.37%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
3
Increased
24
Reduced
24
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
GC
Guggenheim Capital
Illinois
+$3.28M
2
CBA
Coastal Bridge Advisors
Connecticut
+$2.4M
3
Wells Fargo
Wells Fargo
California
+$1.56M
4
RJA
Raymond James & Associates
Florida
+$1.54M
5
PAIM
Punch & Associates Investment Management
Minnesota
+$1.22M

Top Sellers

1
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$3.64M
2
SCM
Saba Capital Management
New York
-$3.44M
3
Bank of America
Bank of America
North Carolina
-$2.61M
4
VEA
Virtus ETF Advisers
New York
-$1.83M
5
Goldman Sachs
Goldman Sachs
New York
-$1.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
CBA
1
Coastal Bridge Advisors
Connecticut
$38.7M +$2.4M +219,585 +7%
Morgan Stanley
2
Morgan Stanley
New York
$24.9M +$654K +59,919 +3%
JP Morgan Chase
3
JP Morgan Chase
New York
$23.7M – – –
Bank of America
4
Bank of America
North Carolina
$23M -$2.61M -238,854 -11%
GC
5
Guggenheim Capital
Illinois
$20.9M +$3.28M +300,490 +20%
SCM
6
Saba Capital Management
New York
$14.4M -$3.44M -314,722 -20%
PCM
7
Penserra Capital Management
California
$8.63M +$339K +31,062 +4%
Wells Fargo
8
Wells Fargo
California
$8.11M +$1.56M +142,766 +25%
SIA
9
Sit Investment Associates
Minnesota
$4.33M -$295K -27,036 -7%
RJA
10
Raymond James & Associates
Florida
$3.87M +$1.54M +141,063 +71%
MC
11
Matisse Capital
Oregon
$3.35M -$36.4K -3,334 -1%
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$2.56M -$194K -17,766 -7%
Invesco
13
Invesco
Georgia
$2.25M -$499K -45,679 -19%
CIA
14
Capital Investment Advisors
Georgia
$2.18M -$45.9K -4,203 -2%
First Trust Advisors
15
First Trust Advisors
Illinois
$2.17M -$97.7K -8,948 -4%
UBS Group
16
UBS Group
Switzerland
$2.15M -$566K -51,814 -22%
SFS
17
Shaker Financial Services
Virginia
$1.63M +$210K +19,202 +16%
Stifel Financial
18
Stifel Financial
Missouri
$1.58M +$234K +21,451 +18%
PAIM
19
Punch & Associates Investment Management
Minnesota
$1.28M +$1.22M +112,120 New
SPIA
20
Steward Partners Investment Advisory
New York
$1.27M +$349K +31,965 +40%
RJFSA
21
Raymond James Financial Services Advisors
Florida
$1.16M +$298K +27,286 +37%
ASN
22
Advisory Services Network
Georgia
$1.1M +$93.9K +8,600 +10%
Osaic Holdings
23
Osaic Holdings
Arizona
$1.08M -$155K -14,162 -13%
NCM
24
Next Capital Management
New York
$1.06M +$472K +43,216 +87%
MAFM
25
Mid Atlantic Financial Management
Pennsylvania
$967K +$38.2K +3,500 +4%
1
2 3 4

BGB Hedge Fund Activity: Q2 2020 in Review

67 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q2 2020, worth a combined $207M — up 7.4% from $193M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of BGB and 3 opened new positions — a net loss of 10 holders — while 24 trimmed existing stakes and 24 added.

The largest buyer was Guggenheim Capital, adding an estimated $3.28M. The largest seller was Bank of Montreal, exiting entirely with an estimated $3.64M sold.

  • 67 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q2 2020, down from 77 in Q1 2020.
  • Funds reported $207M of Blackstone Strategic Credit 2027 Term Fund stock for Q2 2020, up 7.4% quarter-over-quarter.
  • 3 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q2 2020 and 13 closed out, a net change of -10 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q2 2020 was Guggenheim Capital, an estimated $3.28M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q2 2020 was Bank of Montreal, an estimated $3.64M sold.

Based on aggregated 13F filings for Q2 2020.