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 4 funds opening new positions, 24 increasing their positions, 23 reducing their positions, and 13 closing their positions.
8% more capital invested
Capital invested by funds: $192M → $207M (+$14.7M)
4% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 23
0.78% less ownership
Funds ownership: 41.38% → 40.59% (-0.78%)
12% less funds holding
Funds holding: 76 → 67 (-9)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
69% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$3.28M |
| 2 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$2.4M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.56M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.54M |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$3.64M |
| 2 |
SCM
Saba Capital Management
New York
|
-$3.44M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.61M |
| 4 |
VEA
Virtus ETF Advisers
New York
|
-$1.83M |
| 5 |
Goldman Sachs
New York
|
-$1.26M |
BGB Hedge Fund Activity: Q2 2020 in Review
67 of the 4,888 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 7.7% from $192M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of BGB and 4 opened new positions — a net loss of 9 holders — while 23 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 76 in Q1 2020.
- Funds reported $207M of Blackstone Strategic Credit 2027 Term Fund stock for Q2 2020, up 7.7% quarter-over-quarter.
- 4 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q2 2020 and 13 closed out, a net change of -9 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.