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BSL

Blackstone Senior Floating Rate 2027 Term Fund
BSL

31 hedge funds and large institutions have $35.1M invested in Blackstone Senior Floating Rate 2027 Term Fund in 2014 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

11% more funds holding

Funds holding: 28 → 31 (+3)

1.83% less ownership

Funds ownership: 14.73% → 12.9% (-1.8%)

17% less capital invested

Capital invested by funds: $42.1M → $35.1M (-$6.97M)

44% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 9

Holders
31
Holders Change
+3
Holders Change %
+10.71%
% of All Funds
0.89%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
5
Reduced
9
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CA
Cornerstone Advisors
North Carolina
+$1.07M
2
MIG
Mariner Investment Group
New York
+$882K
3
RJA
Raymond James & Associates
Florida
+$785K
4
RCM
Robinson Capital Management
Michigan
+$773K
5
RCM
Rivernorth Capital Management
Florida
+$668K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$2.69M
2
Bank of America
Bank of America
North Carolina
-$2.47M
3
Morgan Stanley
Morgan Stanley
New York
-$2.11M
4
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$1.42M
5
ARC
Absolute Return Capital
Massachusetts
-$713K
Name Holding Trade Value Shares
Change 		Change in
Stake
LWCFA
26
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$56K – – –
AIG
27
American International Group
New York
$30.1K -$15.3K -845 -33%
Citigroup
28
Citigroup
New York
$22K +$22.8K +1,256 New
EWM
29
Evercore Wealth Management
New York
$14K – – –
TRCT
30
Tower Research Capital (TRC)
New York
$4K – – –
Creative Planning
31
Creative Planning
Kansas
$4K +$3.63K +200 New
1832 Asset Management
32
1832 Asset Management
Ontario, Canada
– -$1.42M -75,000 Closed
ARC
33
Absolute Return Capital
Massachusetts
– -$713K -37,838 Closed
CA
34
Cetera Advisors
Colorado
– -$310K -16,540 Closed
Janney Montgomery Scott
35
Janney Montgomery Scott
Pennsylvania
– -$214K -11,400 Closed
Commonwealth Equity Services
36
Commonwealth Equity Services
Massachusetts
– -$199K -10,606 Closed
BRWM
37
B. Riley Wealth Management
Tennessee
– -$47K -2,500 Closed
US Bancorp
38
US Bancorp
Minnesota
– -$28K -1,500 Closed
PTC
39
Private Trust Company
Ohio
– -$18K -948 Closed
1
2

BSL Hedge Fund Activity: Q2 2014 in Review

31 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Blackstone Senior Floating Rate 2027 Term Fund (BSL) for Q2 2014, worth a combined $35.1M — down 17% from $42.1M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new BSL positions and 8 closed out — a net gain of 3 holders — while 5 added to existing stakes and 9 trimmed.

The largest buyer was Cornerstone Advisors, opening a new position worth an estimated $1.07M. The largest seller was Guggenheim Capital, cutting an estimated $2.69M.

  • 31 institutional investors held Blackstone Senior Floating Rate 2027 Term Fund (BSL) as of Q2 2014, up from 28 in Q1 2014.
  • Funds reported $35.1M of Blackstone Senior Floating Rate 2027 Term Fund stock for Q2 2014, down 17% quarter-over-quarter.
  • 11 funds opened new Blackstone Senior Floating Rate 2027 Term Fund positions in Q2 2014 and 8 closed out, a net change of +3 holders.
  • The largest Blackstone Senior Floating Rate 2027 Term Fund buyer in Q2 2014 was Cornerstone Advisors, an estimated $1.07M added.
  • The largest Blackstone Senior Floating Rate 2027 Term Fund seller in Q2 2014 was Guggenheim Capital, an estimated $2.69M sold.

Based on aggregated 13F filings for Q2 2014.