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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

94 hedge funds and large institutions have $258M invested in Blackstone Strategic Credit 2027 Term Fund in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 32 increasing their positions, 23 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 23

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

6% less funds holding

Funds holding: 100 → 94 (-6)

6.27% less ownership

Funds ownership: 54.57% → 48.3% (-6.3%)

6% less capital invested

Capital invested by funds: $275M → $258M (-$17.7M)

33% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 18

Holders
94
Holders Change
-6
Holders Change %
-6%
% of All Funds
1.35%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
12
Increased
32
Reduced
23
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$2.68M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.84M
3
GC
Guggenheim Capital
Illinois
+$1.17M
4
TCA
Transcend Capital Advisors
New Jersey
+$1.11M
5
CA
Cetera Advisors
Colorado
+$965K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$25.4M
2
SIA
Sit Investment Associates
Minnesota
-$11.3M
3
AA
AQR Arbitrage
Connecticut
-$1.88M
4
LCM
Landscape Capital Management
New Jersey
-$1.04M
5
IWC
Integrated Wealth Concepts
Massachusetts
-$1.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
26
Envestnet Asset Management
Illinois
$1.86M +$281K +24,153 +18%
First Trust Advisors
27
First Trust Advisors
Illinois
$1.85M +$141K +12,092 +8%
RJA
28
Raymond James & Associates
Florida
$1.69M +$405K +34,749 +32%
Osaic Holdings
29
Osaic Holdings
Arizona
$1.67M +$77.2K +6,629 +5%
SPIA
30
Steward Partners Investment Advisory
New York
$1.55M +$91.2K +7,833 +6%
WCMNY
31
Westchester Capital Management (New York)
New York
$1.51M +$272K +23,351 +23%
Invesco
32
Invesco
Georgia
$1.44M -$475K -40,841 -25%
TP
33
Tranquility Partners
Tennessee
$1.42M +$216K +18,565 +18%
Cetera Investment Advisers
34
Cetera Investment Advisers
Illinois
$1.4M +$360K +30,955 +36%
CAM
35
Cresset Asset Management
Illinois
$1.35M – – –
TI
36
Tidal Investments
Wisconsin
$1.33M +$65.5K +5,628 +5%
BI
37
Bramshill Investments
Florida
$1.19M -$2.1K -180 -2%
RP
38
Riverbridge Partners
Minnesota
$1.07M +$9.78K +840 +0.9%
CA
39
Cetera Advisors
Colorado
$987K +$965K +82,900 New
NA
40
NewEdge Advisors
Louisiana
$933K -$50.1K -4,300 -5%
Rockefeller Capital Management
41
Rockefeller Capital Management
New York
$879K +$860K +73,839 New
OIM
42
Oder Investment Management
California
$785K -$7.91K -679 -1%
RJFSA
43
Raymond James Financial Services Advisors
Florida
$754K +$101K +8,673 +16%
Stifel Financial
44
Stifel Financial
Missouri
$735K +$133K +11,432 +23%
SAM
45
Selway Asset Management
$715K -$14K -1,200 -2%
SC
46
Stolper & Co
Oklahoma
$660K +$9.2K +790 +1%
ASN
47
Advisory Services Network
Georgia
$587K -$28.6K -2,455 -5%
VEA
48
Virtus ETF Advisers
New York
$565K +$125K +10,703 +29%
IPW
49
Invictus Private Wealth
Colorado
$563K +$21K +1,800 +4%
Lido Advisors
50
Lido Advisors
California
$534K – – –
1
2
3 4 5

BGB Hedge Fund Activity: Q1 2024 in Review

94 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q1 2024, worth a combined $258M — down 6.4% from $275M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of BGB and 12 opened new positions — a net loss of 6 holders — while 23 trimmed existing stakes and 32 added.

The largest buyer was Commonwealth Equity Services, adding an estimated $2.68M. The largest seller was Morgan Stanley, cutting an estimated $25.4M.

  • 94 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q1 2024, down from 100 in Q4 2023.
  • Funds reported $258M of Blackstone Strategic Credit 2027 Term Fund stock for Q1 2024, down 6.4% quarter-over-quarter.
  • 12 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q1 2024 and 18 closed out, a net change of -6 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q1 2024 was Commonwealth Equity Services, an estimated $2.68M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q1 2024 was Morgan Stanley, an estimated $25.4M sold.

Based on aggregated 13F filings for Q1 2024.