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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

86 hedge funds and large institutions have $257M invested in Blackstone Strategic Credit 2027 Term Fund in 2021 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 19 increasing their positions, 24 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 11

12% more funds holding

Funds holding: 77 → 86 (+9)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.5% less ownership

Funds ownership: 42.89% → 42.38% (-0.5%)

3% less capital invested

Capital invested by funds: $265M → $257M (-$8.68M)

21% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 24

Holders
86
Holders Change
+9
Holders Change %
+11.69%
% of All Funds
1.32%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
22
Increased
19
Reduced
24
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIA
Sit Investment Associates
Minnesota
+$17.2M
2
PPA
Parametric Portfolio Associates
Washington
+$2.83M
3
GC
Guggenheim Capital
Illinois
+$1.4M
4
SFS
Shaker Financial Services
Virginia
+$1.11M
5
NA
NewEdge Advisors
Louisiana
+$1.02M

Top Sellers

1
SCM
Saba Capital Management
New York
-$17.3M
2
PAIM
Punch & Associates Investment Management
Minnesota
-$5.64M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.91M
4
Wells Fargo
Wells Fargo
California
-$1.64M
5
RCM
Rivernorth Capital Management
Florida
-$1.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
NCM
26
Next Capital Management
New York
$1.17M -$179K -12,901 -13%
RJFSA
27
Raymond James Financial Services Advisors
Florida
$1.14M -$92.2K -6,666 -7%
SAM
28
Selway Asset Management
$1.13M – – –
ASN
29
Advisory Services Network
Georgia
$1.1M -$28.7K -2,075 -2%
NA
30
NewEdge Advisors
Louisiana
$998K +$1.02M +73,955 New
CAM
31
Cidel Asset Management
Ontario, Canada
$951K -$1M -72,572 Closed
RCM
32
Robinson Capital Management
Michigan
$893K – – –
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$863K -$1.91M -137,882 -68%
WWMSC
34
Wagner Wealth Management (South Carolina)
South Carolina
$847K -$39.7K -2,872 -4%
Thrivent Financial for Lutherans
35
Thrivent Financial for Lutherans
Minnesota
$759K +$779K +56,300 New
Northwestern Mutual Wealth Management
36
Northwestern Mutual Wealth Management
Wisconsin
$714K +$95.2K +6,882 +15%
OIM
37
Oder Investment Management
California
$688K +$98.7K +7,133 +16%
Jane Street
38
Jane Street
New York
$648K +$665K +48,034 New
MC
39
Matisse Capital
Oregon
$526K – – –
IA
40
Icon Advisers
Colorado
$514K +$527K +38,114 New
CC
41
Claybrook Capital
Massachusetts
$485K – – –
TCA
42
Transcend Capital Advisors
New Jersey
$454K – – –
OC
43
Oppenheimer & Co
New York
$450K +$1.58K +114 +0.3%
FF
44
FourThought Financial
Florida
$410K -$7.45K -538 -2%
SFWA
45
Summit Financial Wealth Advisors
Louisiana
$409K -$9.69K -700 -2%
Lazard Asset Management
46
Lazard Asset Management
New York
$386K – – –
TPWM
47
Twelve Points Wealth Management
Massachusetts
$381K +$391K +28,228 New
AAM
48
Advisors Asset Management
Colorado
$368K +$377K +27,260 New
SWM
49
Spire Wealth Management
Virginia
$366K +$14.3K +1,037 +4%
RIL
50
Rothschild Investment LLC
Illinois
$348K – – –
1
2
3 4

BGB Hedge Fund Activity: Q4 2021 in Review

86 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2021, worth a combined $257M — down 3.3% from $265M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new BGB positions and 11 closed out — a net gain of 11 holders — while 19 added to existing stakes and 24 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $17.2M. The largest seller was Saba Capital Management, cutting an estimated $17.3M.

  • 86 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2021, up from 77 in Q3 2021.
  • Funds reported $257M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2021, down 3.3% quarter-over-quarter.
  • 22 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2021 and 11 closed out, a net change of +11 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2021 was Sit Investment Associates, an estimated $17.2M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2021 was Saba Capital Management, an estimated $17.3M sold.

Based on aggregated 13F filings for Q4 2021.