Blackstone Strategic Credit 2027 Term Fund
BGB
69 hedge funds and large institutions have $228M invested in Blackstone Strategic Credit 2027 Term Fund in 2020 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 23 increasing their positions, 19 reducing their positions, and 7 closing their positions.
44% more capital inflows, than outflows
Capital inflows: $21.1M | Capital outflows: $14.6M
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
21% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 19
3% more funds holding
Funds holding: 67 → 69 (+2)
1.2% more ownership
Funds ownership: 40.59% → 41.8% (+1.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$6.24M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$4.11M |
| 3 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.38M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$1.76M |
| 5 |
Raymond James & Associates
St Petersburg,
Florida
|
+$876K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$3.07M |
| 2 |
Morgan Stanley
New York
|
-$2.61M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.55M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.63M |
| 5 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
-$1.34M |
BGB Hedge Fund Activity: Q3 2020 in Review
69 of the 4,972 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2020, worth a combined $228M — up 10% from $207M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new BGB positions and 7 closed out — a net gain of 2 holders — while 23 added to existing stakes and 19 trimmed.
The largest buyer was Invesco, adding an estimated $6.24M. The largest seller was Matisse Capital, cutting an estimated $3.07M.
- 69 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2020, up from 67 in Q2 2020.
- Funds reported $228M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2020, up 10% quarter-over-quarter.
- 9 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2020 and 7 closed out, a net change of +2 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2020 was Invesco, an estimated $6.24M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2020 was Matisse Capital, an estimated $3.07M sold.
Based on aggregated 13F filings for Q3 2020.