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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

76 hedge funds and large institutions have $263M invested in Blackstone Strategic Credit 2027 Term Fund in 2021 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 33 increasing their positions, 17 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

94% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 17

10% more capital invested

Capital invested by funds: $240M → $263M (+$22.8M)

1.11% more ownership

Funds ownership: 42.85% → 43.96% (+1.1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less funds holding

Funds holding: 79 → 76 (-3)

21% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 14

Holders
76
Holders Change
-3
Holders Change %
-3.8%
% of All Funds
1.33%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
11
Increased
33
Reduced
17
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PCM
Penserra Capital Management
California
+$2.64M
2
PPA
Parametric Portfolio Associates
Washington
+$2.54M
3
Wells Fargo
Wells Fargo
California
+$2.34M
4
CAM
Cresset Asset Management
Illinois
+$2M
5
6M
6 Meridian
Kansas
+$1.28M

Top Sellers

1
CBA
Coastal Bridge Advisors
Connecticut
-$3.61M
2
JP Morgan Chase
JP Morgan Chase
New York
-$2.22M
3
SCM
Saba Capital Management
New York
-$1.93M
4
LCM
Landscape Capital Management
New Jersey
-$1.34M
5
Millennium Management
Millennium Management
New York
-$891K
Name Holding Trade Value Shares
Change 		Change in
Stake
Fifth Third Bancorp
51
Fifth Third Bancorp
Ohio
$267K – – –
GA
52
Greytown Advisors
Florida
$262K +$14.8K +1,133 +6%
RJT
53
Raymond James Trust
Florida
$235K +$65.6K +5,006 +40%
JSL
54
JT Stratford LLC
Georgia
$229K +$225K +17,150 New
D.E. Shaw & Co
55
D.E. Shaw & Co
New York
$200K – – –
QC
56
Quantedge Capital
Singapore
$197K -$591K -45,100 -75%
LPL Financial
57
LPL Financial
California
$183K -$19.5K -1,488 -10%
WI
58
Wintrust Investments
Illinois
$158K +$156K +11,883 New
Cetera Investment Advisers
59
Cetera Investment Advisers
Illinois
$156K +$6.74K +514 +5%
SWM
60
SeaCrest Wealth Management
New York
$138K +$135K +10,316 New
GWM
61
Greenwich Wealth Management
Connecticut
$136K -$18.7K -1,430 -12%
GLLW
62
Graves Light Lenhart Wealth
Virginia
$133K – – –
FIA
63
FNY Investment Advisers
New York
$99K +$50.6K +3,861 +107%
HCM
64
Horrell Capital Management
Arkansas
$96K – – –
Rockefeller Capital Management
65
Rockefeller Capital Management
New York
$66K – – –
AF
66
Advisornet Financial
Minnesota
$63K – – –
Bessemer Group
67
Bessemer Group
New Jersey
$35K +$34.5K +2,634 New
PFPT
68
Pinnacle Financial Partners (Tennessee)
Tennessee
$28K – – –
LC
69
Lindbrook Capital
California
$27K +$459 +35 +2%
PNC Financial Services Group
70
PNC Financial Services Group
Pennsylvania
$25K – – –
IAIM
71
International Assets Investment Management
Florida
$24K – – –
VCM
72
Vigilant Capital Management
Maine
$19K +$18.3K +1,396 New
CHA
73
Carmichael Hill & Associates
Maryland
$18K – – –
Citigroup
74
Citigroup
New York
$18K +$14.7K +1,124 +450%
WB
75
Webster Bank
Connecticut
$16K – – –
1 2
3
4

BGB Hedge Fund Activity: Q1 2021 in Review

76 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q1 2021, worth a combined $263M — up 9.5% from $240M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BGB and 11 opened new positions — a net loss of 3 holders — while 17 trimmed existing stakes and 33 added.

The largest buyer was Penserra Capital Management, adding an estimated $2.64M. The largest seller was Coastal Bridge Advisors, cutting an estimated $3.61M.

  • 76 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q1 2021, down from 79 in Q4 2020.
  • Funds reported $263M of Blackstone Strategic Credit 2027 Term Fund stock for Q1 2021, up 9.5% quarter-over-quarter.
  • 11 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q1 2021 and 14 closed out, a net change of -3 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q1 2021 was Penserra Capital Management, an estimated $2.64M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q1 2021 was Coastal Bridge Advisors, an estimated $3.61M sold.

Based on aggregated 13F filings for Q1 2021.