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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

92 hedge funds and large institutions have $244M invested in Blackstone Strategic Credit 2027 Term Fund in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 37 increasing their positions, 25 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 25

1% more capital invested

Capital invested by funds: $241M → $244M (+$2.92M)

0.29% more ownership

Funds ownership: 51.26% → 51.55% (+0.29%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4% less funds holding

Funds holding: 96 → 92 (-4)

25% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 12

Holders
92
Holders Change
-4
Holders Change %
-4.17%
% of All Funds
1.47%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
9
Increased
37
Reduced
25
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PCM
Penserra Capital Management
California
+$2.12M
2
TJHA
Thomas J. Herzfeld Advisors
Florida
+$2M
3
Morgan Stanley
Morgan Stanley
New York
+$1.81M
4
AW
Atlas Wealth
Ohio
+$1.22M
5
CBA
Coastal Bridge Advisors
Connecticut
+$1.2M

Top Sellers

1
GC
Guggenheim Capital
Illinois
-$10.2M
2
Bank of America
Bank of America
North Carolina
-$666K
3
AC
Almitas Capital
California
-$607K
4
First Trust Advisors
First Trust Advisors
Illinois
-$463K
5
MC
Meteora Capital
Florida
-$422K
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
26
Icon Advisers
Colorado
$1.69M – – –
RJFSA
27
Raymond James Financial Services Advisors
Florida
$1.45M +$5.89K +540 +0.4%
LSC
28
Logan Stone Capital
Illinois
$1.43M +$174K +15,959 +13%
AA
29
AQR Arbitrage
Connecticut
$1.23M +$528K +48,405 +72%
CAM
30
Cresset Asset Management
Illinois
$1.21M – – –
SPIA
31
Steward Partners Investment Advisory
New York
$1.13M +$62.5K +5,731 +6%
TP
32
Tranquility Partners
Tennessee
$1.08M +$1.11M +101,520 New
RJA
33
Raymond James & Associates
Florida
$918K +$126K +11,511 +15%
SAM
34
Selway Asset Management
$865K -$13.6K -1,250 -2%
Envestnet Asset Management
35
Envestnet Asset Management
Illinois
$861K +$732K +67,088 +488%
WAM
36
Wolverine Asset Management
Illinois
$730K +$748K +68,518 New
BI
37
Bulldog Investors
New Jersey
$718K +$347K +31,759 +89%
RP
38
Riverbridge Partners
Minnesota
$696K -$5.14K -471 -0.7%
NA
39
NewEdge Advisors
Louisiana
$695K -$25K -2,289 -3%
ASN
40
Advisory Services Network
Georgia
$680K +$1.09K +100 +0.2%
OIM
41
Oder Investment Management
California
$668K +$22.2K +2,032 +3%
SCA
42
Snowden Capital Advisors
New York
$664K +$30.4K +2,789 +5%
HighTower Advisors
43
HighTower Advisors
Illinois
$603K +$15.2K +1,394 +3%
SC
44
Stolper & Co
Oklahoma
$589K -$13.9K -1,273 -2%
FFP
45
FourThought Financial Partners
Florida
$515K +$49.8K +4,563 +10%
Cetera Investment Advisers
46
Cetera Investment Advisers
Illinois
$492K +$278K +25,451 +123%
Stifel Financial
47
Stifel Financial
Missouri
$479K -$47.3K -4,331 -9%
CC
48
Claybrook Capital
Massachusetts
$412K +$29.7K +2,720 +8%
Royal Bank of Canada
49
Royal Bank of Canada
Ontario, Canada
$373K -$36.1K -3,307 -9%
VEA
50
Virtus ETF Advisers
New York
$352K -$927 -85 -0.3%
1
2
3 4 5

BGB Hedge Fund Activity: Q1 2023 in Review

92 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q1 2023, worth a combined $244M — up 1.2% from $241M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of BGB and 9 opened new positions — a net loss of 3 holders — while 25 trimmed existing stakes and 37 added.

The largest buyer was Penserra Capital Management, adding an estimated $2.12M. The largest seller was Guggenheim Capital, cutting an estimated $10.2M.

  • 92 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q1 2023, down from 96 in Q4 2022.
  • Funds reported $244M of Blackstone Strategic Credit 2027 Term Fund stock for Q1 2023, up 1.2% quarter-over-quarter.
  • 9 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q1 2023 and 12 closed out, a net change of -3 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q1 2023 was Penserra Capital Management, an estimated $2.12M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q1 2023 was Guggenheim Capital, an estimated $10.2M sold.

Based on aggregated 13F filings for Q1 2023.