Blackstone Senior Floating Rate 2027 Term Fund
BSL
40 hedge funds and large institutions have $59M invested in Blackstone Senior Floating Rate 2027 Term Fund in 2014 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 16 increasing their positions, 9 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
78% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 9
34% more capital invested
Capital invested by funds: $43.9M → $59M (+$15.1M)
11% more funds holding
Funds holding: 36 → 40 (+4)
6.35% more ownership
Funds ownership: 16.82% → 23.17% (+6.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$10.3M |
| 2 |
Morgan Stanley
New York
|
+$3.99M |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$2.96M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$1.48M |
| 5 |
BCC
Bain Capital Credit
Boston,
Massachusetts
|
+$1.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$2.23M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.48M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
-$729K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$587K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$476K |
BSL Hedge Fund Activity: Q4 2014 in Review
40 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Blackstone Senior Floating Rate 2027 Term Fund (BSL) for Q4 2014, worth a combined $59M — up 34% from $43.9M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new BSL positions and 5 closed out — a net gain of 6 holders — while 16 added to existing stakes and 9 trimmed.
The largest buyer was Relative Value Partners, adding an estimated $10.3M. The largest seller was Saba Capital Management, exiting entirely with an estimated $2.23M sold.
- 40 institutional investors held Blackstone Senior Floating Rate 2027 Term Fund (BSL) as of Q4 2014, up from 36 in Q3 2014.
- Funds reported $59M of Blackstone Senior Floating Rate 2027 Term Fund stock for Q4 2014, up 34% quarter-over-quarter.
- 11 funds opened new Blackstone Senior Floating Rate 2027 Term Fund positions in Q4 2014 and 5 closed out, a net change of +6 holders.
- The largest Blackstone Senior Floating Rate 2027 Term Fund buyer in Q4 2014 was Relative Value Partners, an estimated $10.3M added.
- The largest Blackstone Senior Floating Rate 2027 Term Fund seller in Q4 2014 was Saba Capital Management, an estimated $2.23M sold.
Based on aggregated 13F filings for Q4 2014.