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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

69 hedge funds and large institutions have $228M invested in Blackstone Strategic Credit 2027 Term Fund in 2020 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 23 increasing their positions, 19 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

21% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 19

10% more capital invested

Capital invested by funds: $207M → $228M (+$20.9M)

3% more funds holding

Funds holding: 67 → 69 (+2)

1.2% more ownership

Funds ownership: 40.59% → 41.8% (+1.2%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
69
Holders Change
+2
Holders Change %
+2.99%
% of All Funds
1.39%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
9
Increased
23
Reduced
19
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Invesco
Invesco
Georgia
+$6.24M
2
PAIM
Punch & Associates Investment Management
Minnesota
+$4.11M
3
SIA
Sit Investment Associates
Minnesota
+$3.38M
4
Stifel Financial
Stifel Financial
Missouri
+$1.76M
5
RJA
Raymond James & Associates
Florida
+$876K

Top Sellers

1
MC
Matisse Capital
Oregon
-$3.07M
2
Morgan Stanley
Morgan Stanley
New York
-$2.61M
3
Bank of America
Bank of America
North Carolina
-$2.55M
4
SFS
Shaker Financial Services
Virginia
-$1.63M
5
CBA
Coastal Bridge Advisors
Connecticut
-$1.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
GLLW
51
Graves Light Lenhart Wealth
Virginia
$122K – – –
SWM
52
SeaCrest Wealth Management
New York
$122K +$118K +10,007 New
Northwestern Mutual Wealth Management
53
Northwestern Mutual Wealth Management
Wisconsin
$116K -$158K -13,404 -58%
HCM
54
Horrell Capital Management
Arkansas
$88K – – –
Rockefeller Capital Management
55
Rockefeller Capital Management
New York
$73K – – –
CWC
56
Carolinas Wealth Consulting
North Carolina
$71K +$69K +5,851 New
AF
57
Advisornet Financial
Minnesota
$57K – – –
WB
58
West Bancorporation
Iowa
$34K – – –
CSPIA
59
Cary Street Partners Investment Advisory
Virginia
$31K +$29.5K +2,500 New
PFPT
60
Pinnacle Financial Partners (Tennessee)
Tennessee
$27K – – –
LC
61
Lindbrook Capital
California
$24K -$64.3K -5,456 -74%
PNC Financial Services Group
62
PNC Financial Services Group
Pennsylvania
$23K – – –
HPC
63
HM Payson & Co
Maine
$18K – – –
WB
64
Webster Bank
Connecticut
$15K – – –
WAM
65
Wolverine Asset Management
Illinois
$12K -$427K -36,196 -97%
PAM
66
Panagora Asset Management
Massachusetts
$12K – – –
TRCT
67
Tower Research Capital (TRC)
New York
$5K +$4.72K +400 New
Citigroup
68
Citigroup
New York
$3K -$1.18K -100 -29%
GI
69
Gradient Investments
Minnesota
$3K – – –
SFS
70
Shaker Financial Services
Virginia
– -$1.63M -142,602 Closed
LCM
71
Landscape Capital Management
New Jersey
– -$778K -68,085 Closed
CRC
72
Curi RMB Capital
Illinois
– -$520K -45,561 Closed
Goldman Sachs
73
Goldman Sachs
New York
– -$352K -30,803 Closed
1W
74
1776 Wealth
Georgia
– -$11K -1,000 Closed
OPS
75
Orion Portfolio Solutions
Nebraska
– -$10K -876 Closed
1 2
3

BGB Hedge Fund Activity: Q3 2020 in Review

69 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2020, worth a combined $228M — up 10% from $207M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new BGB positions and 7 closed out — a net gain of 2 holders — while 23 added to existing stakes and 19 trimmed.

The largest buyer was Invesco, adding an estimated $6.24M. The largest seller was Matisse Capital, cutting an estimated $3.07M.

  • 69 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2020, up from 67 in Q2 2020.
  • Funds reported $228M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2020, up 10% quarter-over-quarter.
  • 9 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2020 and 7 closed out, a net change of +2 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2020 was Invesco, an estimated $6.24M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2020 was Matisse Capital, an estimated $3.07M sold.

Based on aggregated 13F filings for Q3 2020.