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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$6.88M |
| 2 |
BCC
Bain Capital Credit
Boston,
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
Paris,
France
|
+$799K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.55M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$775K |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$648K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$505K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$450K |
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.