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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

80 hedge funds and large institutions have $250M invested in Blackstone Strategic Credit 2027 Term Fund in 2022 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 26 increasing their positions, 28 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.37% more ownership

Funds ownership: 42.38% → 42.76% (+0.37%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less capital invested

Capital invested by funds: $257M → $250M (-$6.32M)

7% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 28

7% less funds holding

Funds holding: 86 → 80 (-6)

45% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 11

Holders
80
Holders Change
-6
Holders Change %
-6.98%
% of All Funds
1.26%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
6
Increased
26
Reduced
28
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
GC
Guggenheim Capital
Illinois
+$2.89M
2
Morgan Stanley
Morgan Stanley
New York
+$2.58M
3
PPA
Parametric Portfolio Associates
Washington
+$2.19M
4
CIA
Capital Investment Advisors
Georgia
+$1.88M
5
CBA
Coastal Bridge Advisors
Connecticut
+$1.59M

Top Sellers

1
PCM
Penserra Capital Management
California
-$3.52M
2
SIA
Sit Investment Associates
Minnesota
-$3.4M
3
RCM
Rivernorth Capital Management
Florida
-$1.9M
4
UBS Group
UBS Group
Switzerland
-$1.67M
5
SCM
Saba Capital Management
New York
-$1.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
Lazard Asset Management
51
Lazard Asset Management
New York
$274K – – –
TPWM
52
Twelve Points Wealth Management
Massachusetts
$262K -$108K -8,179 -29%
Fifth Third Bancorp
53
Fifth Third Bancorp
Ohio
$261K – – –
BI
54
Bramshill Investments
Florida
$250K +$42.4K +3,215 +20%
Bank of New York Mellon
55
Bank of New York Mellon
New York
$227K -$108K -8,146 -32%
Envestnet Asset Management
56
Envestnet Asset Management
Illinois
$227K +$229K +17,381 New
FWM
57
Foresight Wealth Management
Utah
$213K +$215K +16,288 New
RJT
58
Raymond James Trust
Florida
$200K -$30.2K -2,290 -13%
D.E. Shaw & Co
59
D.E. Shaw & Co
New York
$196K – – –
FW
60
FirstPurpose Wealth
Utah
$196K – – –
LPL Financial
61
LPL Financial
California
$189K -$7.6K -576 -4%
EBA
62
Eagle Bay Advisors
New York
$183K +$22.7K +1,719 +14%
DA
63
Detalus Advisors
Missouri
$182K -$18.6K -1,410 -9%
RRA
64
Round Rock Advisors
Connecticut
$179K – – –
Cetera Investment Advisers
65
Cetera Investment Advisers
Illinois
$174K -$31.7K -2,400 -15%
HighTower Advisors
66
HighTower Advisors
Illinois
$164K -$396 -30 -0.2%
LNWWM
67
Laird Norton Wetherby Wealth Management
California
$163K – – –
JSL
68
JT Stratford LLC
Georgia
$157K -$10.9K -825 -6%
WI
69
Wintrust Investments
Illinois
$131K -$26.4K -1,999 -17%
GLLW
70
Graves Light Lenhart Wealth
Virginia
$130K – – –
Rockefeller Capital Management
71
Rockefeller Capital Management
New York
$101K +$66 +5 +0.1%
HCM
72
Horrell Capital Management
Arkansas
$65K – – –
FAG
73
Fortitude Advisory Group
Washington
$45K – – –
Bessemer Group
74
Bessemer Group
New Jersey
$33K – – –
PFPT
75
Pinnacle Financial Partners (Tennessee)
Tennessee
$29K – – –
1 2
3
4

BGB Hedge Fund Activity: Q1 2022 in Review

80 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q1 2022, worth a combined $250M — down 2.5% from $257M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of BGB and 6 opened new positions — a net loss of 5 holders — while 28 trimmed existing stakes and 26 added.

The largest buyer was Guggenheim Capital, adding an estimated $2.89M. The largest seller was Penserra Capital Management, cutting an estimated $3.52M.

  • 80 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q1 2022, down from 86 in Q4 2021.
  • Funds reported $250M of Blackstone Strategic Credit 2027 Term Fund stock for Q1 2022, down 2.5% quarter-over-quarter.
  • 6 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q1 2022 and 11 closed out, a net change of -5 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q1 2022 was Guggenheim Capital, an estimated $2.89M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q1 2022 was Penserra Capital Management, an estimated $3.52M sold.

Based on aggregated 13F filings for Q1 2022.