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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

79 hedge funds and large institutions have $240M invested in Blackstone Strategic Credit 2027 Term Fund in 2020 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 25 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

138% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 8

19% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 21

14% more funds holding

Funds holding: 69 → 79 (+10)

5% more capital invested

Capital invested by funds: $228M → $240M (+$12M)

1.05% more ownership

Funds ownership: 41.8% → 42.85% (+1.1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
79
Holders Change
+10
Holders Change %
+14.49%
% of All Funds
1.4%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
19
Increased
25
Reduced
21
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$16.2M
2
SCM
Saba Capital Management
New York
+$13.9M
3
SFS
Shaker Financial Services
Virginia
+$2.64M
4
LCM
Landscape Capital Management
New Jersey
+$2.35M
5
SIA
Sit Investment Associates
Minnesota
+$1.8M

Top Sellers

1
JP Morgan Chase
JP Morgan Chase
New York
-$23.3M
2
Invesco
Invesco
Georgia
-$7.4M
3
Bank of America
Bank of America
North Carolina
-$4.12M
4
CBA
Coastal Bridge Advisors
Connecticut
-$1.33M
5
Stifel Financial
Stifel Financial
Missouri
-$969K
Name Holding Trade Value Shares
Change 		Change in
Stake
HF
51
HRT Financial
New York
$247K +$243K +19,812 New
GA
52
Greytown Advisors
Florida
$233K +$13.9K +1,130 +6%
CRC
53
Curi RMB Capital
Illinois
$226K +$223K +18,127 New
Cerity Partners
54
Cerity Partners
New York
$191K +$188K +15,331 New
LPL Financial
55
LPL Financial
California
$190K +$24.2K +1,972 +15%
D.E. Shaw & Co
56
D.E. Shaw & Co
New York
$187K – – –
RJT
57
Raymond James Trust
Florida
$157K – – –
LNWWM
58
Laird Norton Wetherby Wealth Management
California
$156K +$153K +12,500 New
Goldman Sachs
59
Goldman Sachs
New York
$153K +$150K +12,248 New
GWM
60
Greenwich Wealth Management
Connecticut
$146K -$3.03K -247 -2%
BRWA
61
B. Riley Wealth Advisors
Florida
$141K +$139K +11,283 New
Cetera Investment Advisers
62
Cetera Investment Advisers
Illinois
$140K +$138K +11,200 New
Cambridge Investment Research Advisors
63
Cambridge Investment Research Advisors
Iowa
$135K -$24.5K -1,996 -16%
Truist Financial
64
Truist Financial
North Carolina
$127K -$8.26K -673 -6%
GLLW
65
Graves Light Lenhart Wealth
Virginia
$125K – – –
HCM
66
Horrell Capital Management
Arkansas
$90K – – –
Rockefeller Capital Management
67
Rockefeller Capital Management
New York
$62K -$12.5K -1,015 -17%
AF
68
Advisornet Financial
Minnesota
$59K – – –
FIA
69
FNY Investment Advisers
New York
$44K +$44.2K +3,600 New
PFPT
70
Pinnacle Financial Partners (Tennessee)
Tennessee
$27K – – –
LC
71
Lindbrook Capital
California
$25K +$467 +38 +2%
PNC Financial Services Group
72
PNC Financial Services Group
Pennsylvania
$24K – – –
IAIM
73
International Assets Investment Management
Florida
$24K +$23.5K +1,917 New
HPC
74
HM Payson & Co
Maine
$18K – – –
CHA
75
Carmichael Hill & Associates
Maryland
$16K +$16.1K +1,313 New
1 2
3
4

BGB Hedge Fund Activity: Q4 2020 in Review

79 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2020, worth a combined $240M — up 5.2% from $228M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new BGB positions and 8 closed out — a net gain of 11 holders — while 25 added to existing stakes and 21 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $16.2M. The largest seller was JP Morgan Chase, cutting an estimated $23.3M.

  • 79 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2020, up from 69 in Q3 2020.
  • Funds reported $240M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2020, up 5.2% quarter-over-quarter.
  • 19 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2020 and 8 closed out, a net change of +11 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2020 was Rivernorth Capital Management, an estimated $16.2M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2020 was JP Morgan Chase, an estimated $23.3M sold.

Based on aggregated 13F filings for Q4 2020.