Blackstone Senior Floating Rate 2027 Term Fund
BSL
32 hedge funds and large institutions have $51M invested in Blackstone Senior Floating Rate 2027 Term Fund in 2016 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 7 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
3% less capital invested
Capital invested by funds: $52.5M → $51M (-$1.49M)
1.94% less ownership
Funds ownership: 20.47% → 18.54% (-1.9%)
11% less funds holding
Funds holding: 36 → 32 (-4)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$888K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$626K |
| 3 |
BCM
Beck Capital Management
Austin,
Texas
|
+$559K |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$252K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$201K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$4.73M |
| 2 |
RVPG
Relative Value Partners Group
|
-$792K |
| 3 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$562K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$490K |
| 5 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$483K |
BSL Hedge Fund Activity: Q4 2016 in Review
32 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Blackstone Senior Floating Rate 2027 Term Fund (BSL) for Q4 2016, worth a combined $51M — down 2.8% from $52.5M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of BSL and 4 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 15 added.
The largest buyer was Bank of America, adding an estimated $888K. The largest seller was Punch & Associates Investment Management, exiting entirely with an estimated $4.73M sold.
- 32 institutional investors held Blackstone Senior Floating Rate 2027 Term Fund (BSL) as of Q4 2016, down from 36 in Q3 2016.
- Funds reported $51M of Blackstone Senior Floating Rate 2027 Term Fund stock for Q4 2016, down 2.8% quarter-over-quarter.
- 4 funds opened new Blackstone Senior Floating Rate 2027 Term Fund positions in Q4 2016 and 7 closed out, a net change of -3 holders.
- The largest Blackstone Senior Floating Rate 2027 Term Fund buyer in Q4 2016 was Bank of America, an estimated $888K added.
- The largest Blackstone Senior Floating Rate 2027 Term Fund seller in Q4 2016 was Punch & Associates Investment Management, an estimated $4.73M sold.
Based on aggregated 13F filings for Q4 2016.