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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

77 hedge funds and large institutions have $265M invested in Blackstone Strategic Credit 2027 Term Fund in 2021 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 20 increasing their positions, 28 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

7% more funds holding

Funds holding: 72 → 77 (+5)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.96% less ownership

Funds ownership: 43.85% → 42.89% (-0.96%)

3% less capital invested

Capital invested by funds: $274M → $265M (-$8.72M)

29% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 28

Holders
77
Holders Change
+5
Holders Change %
+6.94%
% of All Funds
1.35%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
12
Increased
20
Reduced
28
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CBA
Coastal Bridge Advisors
Connecticut
+$3.84M
2
COLIM
City of London Investment Management
United Kingdom
+$1.68M
3
MFW
Meristem Family Wealth
Minnesota
+$1.58M
4
UBS Group
UBS Group
Switzerland
+$1.15M
5
Morgan Stanley
Morgan Stanley
New York
+$1.01M

Top Sellers

1
PCM
Penserra Capital Management
California
-$6.28M
2
SCM
Saba Capital Management
New York
-$5.78M
3
RCM
Rivernorth Capital Management
Florida
-$1.94M
4
SFS
Shaker Financial Services
Virginia
-$1.14M
5
VEA
Virtus ETF Advisers
New York
-$693K
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
51
Millennium Management
New York
$260K +$261K +18,792 New
EBA
52
Eagle Bay Advisors
New York
$249K +$486 +35 +0.2%
RJT
53
Raymond James Trust
Florida
$244K – – –
DA
54
Detalus Advisors
Missouri
$229K -$61.3K -4,419 -21%
LPL Financial
55
LPL Financial
California
$227K +$361 +26 +0.2%
BI
56
Bramshill Investments
Florida
$222K +$43.9K +3,162 +25%
JSL
57
JT Stratford LLC
Georgia
$219K -$16.2K -1,170 -7%
Cetera Investment Advisers
58
Cetera Investment Advisers
Illinois
$218K +$218K +15,714 New
D.E. Shaw & Co
59
D.E. Shaw & Co
New York
$208K – – –
LNWWM
60
Laird Norton Wetherby Wealth Management
California
$173K – – –
VF
61
Virtu Financial
New York
$152K +$152K +10,980 New
BPA
62
Beacon Pointe Advisors
California
$139K +$139K +10,000 New
GLLW
63
Graves Light Lenhart Wealth
Virginia
$138K – – –
Lazard Asset Management
64
Lazard Asset Management
New York
$110K – – –
FIA
65
FNY Investment Advisers
New York
$108K -$16.7K -1,200 -13%
Rockefeller Capital Management
66
Rockefeller Capital Management
New York
$107K +$38.3K +2,759 +55%
HCM
67
Horrell Capital Management
Arkansas
$69K – – –
AF
68
Advisornet Financial
Minnesota
$65K – – –
Bessemer Group
69
Bessemer Group
New Jersey
$35K -$1.42K -102 -4%
PFPT
70
Pinnacle Financial Partners (Tennessee)
Tennessee
$31K – – –
LC
71
Lindbrook Capital
California
$29K +$444 +32 +2%
CHA
72
Carmichael Hill & Associates
Maryland
$18K – – –
WB
73
Webster Bank
Connecticut
$17K – – –
PNC Financial Services Group
74
PNC Financial Services Group
Pennsylvania
$7K -$51K -3,674 -88%
Barclays
75
Barclays
United Kingdom
$5K -$22.8K -1,646 -84%
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BGB Hedge Fund Activity: Q3 2021 in Review

77 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2021, worth a combined $265M — down 3.2% from $274M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BGB positions and 6 closed out — a net gain of 6 holders — while 20 added to existing stakes and 28 trimmed.

The largest buyer was Coastal Bridge Advisors, adding an estimated $3.84M. The largest seller was Penserra Capital Management, cutting an estimated $6.28M.

  • 77 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2021, up from 72 in Q2 2021.
  • Funds reported $265M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2021, down 3.2% quarter-over-quarter.
  • 12 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2021 and 6 closed out, a net change of +6 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2021 was Coastal Bridge Advisors, an estimated $3.84M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2021 was Penserra Capital Management, an estimated $6.28M sold.

Based on aggregated 13F filings for Q3 2021.