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BSL

Blackstone Senior Floating Rate 2027 Term Fund
BSL

36 hedge funds and large institutions have $43.9M invested in Blackstone Senior Floating Rate 2027 Term Fund in 2014 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 10 increasing their positions, 12 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 4

25% more capital invested

Capital invested by funds: $35.1M → $43.9M (+$8.8M)

16% more funds holding

Funds holding: 31 → 36 (+5)

3.92% more ownership

Funds ownership: 12.9% → 16.82% (+3.9%)

17% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 12

Holders
36
Holders Change
+5
Holders Change %
+16.13%
% of All Funds
1.04%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
9
Increased
10
Reduced
12
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RVP
Relative Value Partners
Illinois
+$6.88M
2
BCC
Bain Capital Credit
Massachusetts
+$3.67M
3
SCM
Saba Capital Management
New York
+$2.29M
4
BCA
Benchmark Capital Advisors
New York
+$1.39M
5
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$799K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$3.55M
2
RJA
Raymond James & Associates
Florida
-$775K
3
MIG
Mariner Investment Group
New York
-$648K
4
GC
Guggenheim Capital
Illinois
-$505K
5
Invesco
Invesco
Georgia
-$450K
Name Holding Trade Value Shares
Change 		Change in
Stake
CS
26
Credit Suisse
Switzerland
$197K – – –
OC
27
Oppenheimer & Co
New York
$180K -$27.7K -1,570 -13%
DA
28
Doliver Advisors
Texas
$177K -$405K -22,930 -69%
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$86K +$88.3K +5,000 New
Envestnet Asset Management
30
Envestnet Asset Management
Illinois
$34K +$35.3K +2,000 New
AIG
31
American International Group
New York
$28.8K – – –
LTFS
32
Ladenburg Thalmann Financial Services
Florida
$24K +$25.2K +1,425 New
Citigroup
33
Citigroup
New York
$20K -$1.13K -64 -5%
EWM
34
Evercore Wealth Management
New York
$14K – – –
LWCFA
35
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$3K -$53K -3,000 -95%
Creative Planning
36
Creative Planning
Kansas
$3K – – –
RJA
37
Raymond James & Associates
Florida
– -$775K -43,255 Closed
AAM
38
Advisors Asset Management
Colorado
– -$356K -19,903 Closed
ClearBridge Investments
39
ClearBridge Investments
New York
– -$179K -10,000 Closed
TRCT
40
Tower Research Capital (TRC)
New York
– -$4K -200 Closed
1
2

BSL Hedge Fund Activity: Q3 2014 in Review

36 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Blackstone Senior Floating Rate 2027 Term Fund (BSL) for Q3 2014, worth a combined $43.9M — up 25% from $35.1M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new BSL positions and 4 closed out — a net gain of 5 holders — while 10 added to existing stakes and 12 trimmed.

The largest buyer was Relative Value Partners, opening a new position worth an estimated $6.88M. The largest seller was Morgan Stanley, cutting an estimated $3.55M.

  • 36 institutional investors held Blackstone Senior Floating Rate 2027 Term Fund (BSL) as of Q3 2014, up from 31 in Q2 2014.
  • Funds reported $43.9M of Blackstone Senior Floating Rate 2027 Term Fund stock for Q3 2014, up 25% quarter-over-quarter.
  • 9 funds opened new Blackstone Senior Floating Rate 2027 Term Fund positions in Q3 2014 and 4 closed out, a net change of +5 holders.
  • The largest Blackstone Senior Floating Rate 2027 Term Fund buyer in Q3 2014 was Relative Value Partners, an estimated $6.88M added.
  • The largest Blackstone Senior Floating Rate 2027 Term Fund seller in Q3 2014 was Morgan Stanley, an estimated $3.55M sold.

Based on aggregated 13F filings for Q3 2014.