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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

86 hedge funds and large institutions have $257M invested in Blackstone Strategic Credit 2027 Term Fund in 2021 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 19 increasing their positions, 24 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 11

12% more funds holding

Funds holding: 77 → 86 (+9)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.5% less ownership

Funds ownership: 42.89% → 42.38% (-0.5%)

3% less capital invested

Capital invested by funds: $265M → $257M (-$8.68M)

21% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 24

Holders
86
Holders Change
+9
Holders Change %
+11.69%
% of All Funds
1.32%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
22
Increased
19
Reduced
24
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIA
Sit Investment Associates
Minnesota
+$17.2M
2
PPA
Parametric Portfolio Associates
Washington
+$2.83M
3
GC
Guggenheim Capital
Illinois
+$1.4M
4
SFS
Shaker Financial Services
Virginia
+$1.11M
5
NA
NewEdge Advisors
Louisiana
+$1.02M

Top Sellers

1
SCM
Saba Capital Management
New York
-$17.3M
2
PAIM
Punch & Associates Investment Management
Minnesota
-$5.64M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.91M
4
Wells Fargo
Wells Fargo
California
-$1.64M
5
RCM
Rivernorth Capital Management
Florida
-$1.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
51
Bank of New York Mellon
New York
$344K +$70.9K +5,125 +25%
GA
52
Greytown Advisors
Florida
$326K +$59.5K +4,299 +22%
AAS
53
Ameritas Advisory Services
Nebraska
$315K +$324K +23,381 New
BCM
54
Bluefin Capital Management
New York
$275K +$282K +20,374 New
Fifth Third Bancorp
55
Fifth Third Bancorp
Ohio
$270K – – –
RJT
56
Raymond James Trust
Florida
$237K – – –
BI
57
Bramshill Investments
Florida
$215K -$595 -43 -0.3%
Cetera Investment Advisers
58
Cetera Investment Advisers
Illinois
$212K – – –
DA
59
Detalus Advisors
Missouri
$207K -$15.8K -1,143 -7%
LPL Financial
60
LPL Financial
California
$204K -$17.9K -1,290 -8%
D.E. Shaw & Co
61
D.E. Shaw & Co
New York
$202K – – –
FW
62
FirstPurpose Wealth
Utah
$202K +$208K +15,000 New
RRA
63
Round Rock Advisors
Connecticut
$185K +$190K +13,748 New
EBA
64
Eagle Bay Advisors
New York
$184K -$76.8K -5,551 -31%
JSL
65
JT Stratford LLC
Georgia
$173K -$41.5K -3,001 -19%
HF
66
HRT Financial
New York
$171K +$175K +12,678 New
LNWWM
67
Laird Norton Wetherby Wealth Management
California
$169K – – –
HighTower Advisors
68
HighTower Advisors
Illinois
$169K +$174K +12,606 New
6M
69
6 Meridian
Kansas
$166K -$809K -58,446 -83%
WI
70
Wintrust Investments
Illinois
$163K +$167K +12,054 New
Nomura Holdings
71
Nomura Holdings
Japan
$148K +$152K +11,000 New
GLLW
72
Graves Light Lenhart Wealth
Virginia
$135K – – –
Rockefeller Capital Management
73
Rockefeller Capital Management
New York
$104K +$125 +9 +0.1%
SCA
74
Snowden Capital Advisors
New York
$72K +$73.9K +5,342 New
HCM
75
Horrell Capital Management
Arkansas
$67K – – –
1 2
3
4

BGB Hedge Fund Activity: Q4 2021 in Review

86 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2021, worth a combined $257M — down 3.3% from $265M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new BGB positions and 11 closed out — a net gain of 11 holders — while 19 added to existing stakes and 24 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $17.2M. The largest seller was Saba Capital Management, cutting an estimated $17.3M.

  • 86 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2021, up from 77 in Q3 2021.
  • Funds reported $257M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2021, down 3.3% quarter-over-quarter.
  • 22 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2021 and 11 closed out, a net change of +11 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2021 was Sit Investment Associates, an estimated $17.2M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2021 was Saba Capital Management, an estimated $17.3M sold.

Based on aggregated 13F filings for Q4 2021.