Blackstone Strategic Credit 2027 Term Fund
BGB
87 hedge funds and large institutions have $225M invested in Blackstone Strategic Credit 2027 Term Fund in 2022 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 26 increasing their positions, 24 reducing their positions, and 7 closing their positions.
129% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 7
9% more funds holding
Funds holding: 80 → 87 (+7)
2.23% more ownership
Funds ownership: 42.76% → 44.99% (+2.2%)
8% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 24
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less capital invested
Capital invested by funds: $250M → $225M (-$25.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$7.94M |
| 2 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$4.25M |
| 3 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$4.21M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$3.89M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$2.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.28M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.36M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$768K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$589K |
BGB Hedge Fund Activity: Q2 2022 in Review
87 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q2 2022, worth a combined $225M — down 10% from $250M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new BGB positions and 7 closed out — a net gain of 9 holders — while 26 added to existing stakes and 24 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $7.94M. The largest seller was Raymond James & Associates, cutting an estimated $4M.
- 87 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q2 2022, up from 80 in Q1 2022.
- Funds reported $225M of Blackstone Strategic Credit 2027 Term Fund stock for Q2 2022, down 10% quarter-over-quarter.
- 16 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q2 2022 and 7 closed out, a net change of +9 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q2 2022 was Morgan Stanley, an estimated $7.94M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q2 2022 was Raymond James & Associates, an estimated $4M sold.
Based on aggregated 13F filings for Q2 2022.