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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

80 hedge funds and large institutions have $203M invested in Blackstone Strategic Credit 2027 Term Fund in 2025 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 25 increasing their positions, 32 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

7.83% less ownership

Funds ownership: 45.37% → 37.55% (-7.8%)

11% less funds holding

Funds holding: 90 → 80 (-10)

18% less capital invested

Capital invested by funds: $248M → $203M (-$45.3M)

22% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 32

64% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 14

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
80
Holders Change
-10
Holders Change %
-11.11%
% of All Funds
1.07%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
5
Increased
25
Reduced
32
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIA
Sit Investment Associates
Minnesota
+$4.07M
2
Bank of America
Bank of America
North Carolina
+$3.65M
3
Morgan Stanley
Morgan Stanley
New York
+$3.65M
4
RF
Robbins Farley
New Hampshire
+$1.4M
5
CAM
Cresset Asset Management
Illinois
+$1.24M

Top Sellers

1
CBA
Coastal Bridge Advisors
Connecticut
-$40M
2
Pathstone Holdings
Pathstone Holdings
New Jersey
-$6.34M
3
PCM
Penserra Capital Management
California
-$5.08M
4
TJHA
Thomas J. Herzfeld Advisors
Florida
-$2.02M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$1.34M -$20.1K -1,640 -1%
First Trust Advisors
27
First Trust Advisors
Illinois
$1.24M -$707K -57,557 -36%
CSP
28
Cary Street Partners
Virginia
$1.03M -$13K -1,056 -1%
Rockefeller Capital Management
29
Rockefeller Capital Management
New York
$899K +$47.1K +3,833 +5%
Osaic Holdings
30
Osaic Holdings
Arizona
$765K -$43.9K -3,570 -5%
NA
31
NewEdge Advisors
Louisiana
$763K +$86.1K +7,005 +12%
Lido Advisors
32
Lido Advisors
California
$687K – – –
SC
33
Stolper & Co
Oklahoma
$686K +$7.97K +649 +1%
IPW
34
Invictus Private Wealth
Colorado
$681K +$19.7K +1,606 +3%
OIM
35
Oder Investment Management
California
$606K -$47.9K -3,900 -7%
SAM
36
Selway Asset Management
$568K -$60.2K -4,900 -9%
RAM
37
Readystate Asset Management
Illinois
$469K +$477K +38,797 New
RCM
38
Robinson Capital Management
Michigan
$446K -$61.4K -5,000 -12%
OC
39
Oppenheimer & Co
New York
$344K +$30.8K +2,511 +10%
DC
40
Davenport & Co
Virginia
$336K -$14.4K -1,173 -4%
Cetera Investment Advisers
41
Cetera Investment Advisers
Illinois
$324K -$90K -7,329 -21%
Millennium Management
42
Millennium Management
New York
$312K +$69.2K +5,631 +28%
PWM
43
Perigon Wealth Management
California
$284K -$23.9K -1,949 -8%
ASN
44
Advisory Services Network
Georgia
$274K -$80.2K -6,525 -22%
Envestnet Asset Management
45
Envestnet Asset Management
Illinois
$272K -$1.79M -145,822 -87%
KWM
46
Kingsview Wealth Management
Oregon
$267K +$49.6K +4,034 +22%
BPAMU
47
BTG Pactual Asset Management US
New York
$252K +$18.2K +1,481 +8%
RRA
48
Round Rock Advisors
Connecticut
$251K – – –
SCA
49
Snowden Capital Advisors
New York
$234K – – –
MC
50
Moors & Cabot
Massachusetts
$232K +$57.7K +4,700 +32%
1
2
3 4

BGB Hedge Fund Activity: Q1 2025 in Review

80 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q1 2025, worth a combined $203M — down 18% from $248M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BGB and 5 opened new positions — a net loss of 9 holders — while 32 trimmed existing stakes and 25 added.

The largest buyer was Sit Investment Associates, opening a new position worth an estimated $4.07M. The largest seller was Coastal Bridge Advisors, exiting entirely with an estimated $40M sold.

  • 80 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q1 2025, down from 90 in Q4 2024.
  • Funds reported $203M of Blackstone Strategic Credit 2027 Term Fund stock for Q1 2025, down 18% quarter-over-quarter.
  • 5 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q1 2025 and 14 closed out, a net change of -9 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q1 2025 was Sit Investment Associates, an estimated $4.07M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q1 2025 was Coastal Bridge Advisors, an estimated $40M sold.

Based on aggregated 13F filings for Q1 2025.