Blackstone Strategic Credit 2027 Term Fund
BGB
72 hedge funds and large institutions have $274M invested in Blackstone Strategic Credit 2027 Term Fund in 2021 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 30 increasing their positions, 21 reducing their positions, and 11 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 21
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.11% less ownership
Funds ownership: 43.96% → 43.85% (-0.11%)
3% less capital inflows, than outflows
Capital inflows: $17.1M | Capital outflows: $17.7M
5% less funds holding
Funds holding: 76 → 72 (-4)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$3.78M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.96M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$2.66M |
| 4 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$2.63M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$912K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$5.48M |
| 2 |
Morgan Stanley
New York
|
-$2.29M |
| 3 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
-$2.04M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.76M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.19M |
BGB Hedge Fund Activity: Q2 2021 in Review
72 of the 5,769 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q2 2021, worth a combined $274M — up 4.4% from $263M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BGB and 7 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 30 added.
The largest buyer was Penserra Capital Management, adding an estimated $3.78M. The largest seller was Saba Capital Management, cutting an estimated $5.48M.
- 72 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q2 2021, down from 76 in Q1 2021.
- Funds reported $274M of Blackstone Strategic Credit 2027 Term Fund stock for Q2 2021, up 4.4% quarter-over-quarter.
- 7 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q2 2021 and 11 closed out, a net change of -4 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q2 2021 was Penserra Capital Management, an estimated $3.78M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q2 2021 was Saba Capital Management, an estimated $5.48M sold.
Based on aggregated 13F filings for Q2 2021.