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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

88 hedge funds and large institutions have $219M invested in Blackstone Strategic Credit 2027 Term Fund in 2022 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 27 increasing their positions, 28 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 4

1% more funds holding

Funds holding: 87 → 88 (+1)

1.14% more ownership

Funds ownership: 44.99% → 46.13% (+1.1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3% less capital invested

Capital invested by funds: $225M → $219M (-$5.68M)

4% less repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 28

Holders
88
Holders Change
+1
Holders Change %
+1.15%
% of All Funds
1.52%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
5
Increased
27
Reduced
28
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
COLIM
City of London Investment Management
United Kingdom
+$5.78M
2
VCM
Vivaldi Capital Management
Illinois
+$4.35M
3
CBA
Coastal Bridge Advisors
Connecticut
+$951K
4
PCM
Penserra Capital Management
California
+$517K
5
OCM
Oaktree Capital Management
California
+$448K

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$2.02M
2
SFS
Shaker Financial Services
Virginia
-$1.9M
3
Stifel Financial
Stifel Financial
Missouri
-$677K
4
GC
Guggenheim Capital
Illinois
-$658K
5
UBS Group
UBS Group
Switzerland
-$385K
Name Holding Trade Value Shares
Change 		Change in
Stake
LSC
26
Logan Stone Capital
Illinois
$1.12M -$341K -29,675 -22%
Osaic Holdings
27
Osaic Holdings
Arizona
$1.03M -$40.5K -3,528 -4%
RJA
28
Raymond James & Associates
Florida
$1.03M +$80.3K +6,990 +8%
SFS
29
Shaker Financial Services
Virginia
$993K -$1.9M -165,309 -64%
ASN
30
Advisory Services Network
Georgia
$818K -$16.1K -1,402 -2%
SAM
31
Selway Asset Management
$816K -$64.9K -5,650 -7%
RJFSA
32
Raymond James Financial Services Advisors
Florida
$763K +$94.3K +8,210 +13%
NA
33
NewEdge Advisors
Louisiana
$750K +$3.44K +300 +0.4%
OIM
34
Oder Investment Management
California
$672K -$14.8K -1,289 -2%
RP
35
Riverbridge Partners
Minnesota
$651K +$6.06K +528 +0.9%
SC
36
Stolper & Co
Oklahoma
$624K +$22.6K +1,972 +3%
Royal Bank of Canada
37
Royal Bank of Canada
Ontario, Canada
$600K -$7.16K -623 -1%
SCA
38
Snowden Capital Advisors
New York
$535K +$27.2K +2,365 +5%
Stifel Financial
39
Stifel Financial
Missouri
$502K -$677K -58,915 -56%
FF
40
FourThought Financial
Florida
$449K +$147K +12,831 +44%
CC
41
Claybrook Capital
Massachusetts
$383K – – –
BI
42
Bulldog Investors
New Jersey
$379K – – –
Northwestern Mutual Wealth Management
43
Northwestern Mutual Wealth Management
Wisconsin
$378K -$14.9K -1,295 -4%
VEA
44
Virtus ETF Advisers
New York
$377K +$407K +35,452 New
LPL Financial
45
LPL Financial
California
$311K -$14.1K -1,225 -4%
SFWA
46
Summit Financial Wealth Advisors
Louisiana
$297K -$17.2K -1,500 -5%
RRA
47
Round Rock Advisors
Connecticut
$295K +$80.4K +7,000 +34%
RIL
48
Rothschild Investment LLC
Illinois
$274K – – –
OC
49
Oppenheimer & Co
New York
$268K +$10.7K +932 +4%
FM
50
Family Management
New York
$265K – – –
1
2
3 4

BGB Hedge Fund Activity: Q3 2022 in Review

88 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2022, worth a combined $219M — down 2.5% from $225M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new BGB positions and 4 closed out — a net gain of 1 holder — while 27 added to existing stakes and 28 trimmed.

The largest buyer was City of London Investment Management, adding an estimated $5.78M. The largest seller was Bank of America, cutting an estimated $2.02M.

  • 88 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2022, up from 87 in Q2 2022.
  • Funds reported $219M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2022, down 2.5% quarter-over-quarter.
  • 5 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2022 and 4 closed out, a net change of +1 holder.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2022 was City of London Investment Management, an estimated $5.78M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2022 was Bank of America, an estimated $2.02M sold.

Based on aggregated 13F filings for Q3 2022.