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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

80 hedge funds and large institutions have $250M invested in Blackstone Strategic Credit 2027 Term Fund in 2022 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 26 increasing their positions, 28 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.37% more ownership

Funds ownership: 42.38% → 42.76% (+0.37%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less capital invested

Capital invested by funds: $257M → $250M (-$6.32M)

7% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 28

7% less funds holding

Funds holding: 86 → 80 (-6)

45% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 11

Holders
80
Holders Change
-6
Holders Change %
-6.98%
% of All Funds
1.26%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
6
Increased
26
Reduced
28
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
GC
Guggenheim Capital
Illinois
+$2.89M
2
Morgan Stanley
Morgan Stanley
New York
+$2.58M
3
PPA
Parametric Portfolio Associates
Washington
+$2.19M
4
CIA
Capital Investment Advisors
Georgia
+$1.88M
5
CBA
Coastal Bridge Advisors
Connecticut
+$1.59M

Top Sellers

1
PCM
Penserra Capital Management
California
-$3.52M
2
SIA
Sit Investment Associates
Minnesota
-$3.4M
3
RCM
Rivernorth Capital Management
Florida
-$1.9M
4
UBS Group
UBS Group
Switzerland
-$1.67M
5
SCM
Saba Capital Management
New York
-$1.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
AAM
26
Advisors Asset Management
Colorado
$1.28M +$938K +71,100 +261%
NCM
27
Next Capital Management
New York
$1.2M +$75K +5,682 +7%
ASN
28
Advisory Services Network
Georgia
$1.04M -$15.3K -1,160 -1%
SAM
29
Selway Asset Management
$1.03M -$58.1K -4,400 -5%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$939K +$106K +8,019 +13%
CAM
31
Cidel Asset Management
Ontario, Canada
$907K – – –
NA
32
NewEdge Advisors
Louisiana
$906K -$59.4K -4,500 -6%
IA
33
Icon Advisers
Colorado
$821K +$327K +24,770 +65%
FM
34
Family Management
New York
$796K -$796K -60,270 -50%
OIM
35
Oder Investment Management
California
$779K +$114K +8,648 +17%
SC
36
Stolper & Co
Oklahoma
$739K +$747K +56,614 New
RJFSA
37
Raymond James Financial Services Advisors
Florida
$677K -$430K -32,547 -39%
SCA
38
Snowden Capital Advisors
New York
$631K +$568K +43,031 +806%
Northwestern Mutual Wealth Management
39
Northwestern Mutual Wealth Management
Wisconsin
$630K -$61.2K -4,633 -9%
CC
40
Claybrook Capital
Massachusetts
$470K – – –
TCA
41
Transcend Capital Advisors
New Jersey
$436K -$3.96K -300 -0.9%
OC
42
Oppenheimer & Co
New York
$422K -$13.3K -1,007 -3%
MC
43
Matisse Capital
Oregon
$400K -$110K -8,357 -21%
SFWA
44
Summit Financial Wealth Advisors
Louisiana
$391K – – –
FF
45
FourThought Financial
Florida
$382K -$15K -1,140 -4%
LB
46
Leo Brokerage
Texas
$348K +$352K +26,678 New
RIL
47
Rothschild Investment LLC
Illinois
$336K – – –
SWM
48
Spire Wealth Management
Virginia
$329K -$25.5K -1,932 -7%
GA
49
Greytown Advisors
Florida
$313K – – –
AAS
50
Ameritas Advisory Services
Nebraska
$305K – – –
1
2
3 4

BGB Hedge Fund Activity: Q1 2022 in Review

80 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q1 2022, worth a combined $250M — down 2.5% from $257M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of BGB and 6 opened new positions — a net loss of 5 holders — while 28 trimmed existing stakes and 26 added.

The largest buyer was Guggenheim Capital, adding an estimated $2.89M. The largest seller was Penserra Capital Management, cutting an estimated $3.52M.

  • 80 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q1 2022, down from 86 in Q4 2021.
  • Funds reported $250M of Blackstone Strategic Credit 2027 Term Fund stock for Q1 2022, down 2.5% quarter-over-quarter.
  • 6 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q1 2022 and 11 closed out, a net change of -5 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q1 2022 was Guggenheim Capital, an estimated $2.89M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q1 2022 was Penserra Capital Management, an estimated $3.52M sold.

Based on aggregated 13F filings for Q1 2022.