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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

88 hedge funds and large institutions have $219M invested in Blackstone Strategic Credit 2027 Term Fund in 2022 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 27 increasing their positions, 28 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 4

1% more funds holding

Funds holding: 87 → 88 (+1)

1.14% more ownership

Funds ownership: 44.99% → 46.13% (+1.1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3% less capital invested

Capital invested by funds: $225M → $219M (-$5.68M)

4% less repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 28

Holders
88
Holders Change
+1
Holders Change %
+1.15%
% of All Funds
1.52%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
5
Increased
27
Reduced
28
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
COLIM
City of London Investment Management
United Kingdom
+$5.78M
2
VCM
Vivaldi Capital Management
Illinois
+$4.35M
3
CBA
Coastal Bridge Advisors
Connecticut
+$951K
4
PCM
Penserra Capital Management
California
+$517K
5
OCM
Oaktree Capital Management
California
+$448K

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$2.02M
2
SFS
Shaker Financial Services
Virginia
-$1.9M
3
Stifel Financial
Stifel Financial
Missouri
-$677K
4
GC
Guggenheim Capital
Illinois
-$658K
5
UBS Group
UBS Group
Switzerland
-$385K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJT
51
Raymond James Trust
Florida
$264K +$91.2K +7,944 +47%
GA
52
Greytown Advisors
Florida
$255K – – –
TCA
53
Transcend Capital Advisors
New Jersey
$225K – – –
Fifth Third Bancorp
54
Fifth Third Bancorp
Ohio
$213K – – –
AA
55
AQR Arbitrage
Connecticut
$211K +$57.2K +4,984 +34%
QC
56
Quantedge Capital
Singapore
$195K -$53.5K -4,662 -20%
TPWM
57
Twelve Points Wealth Management
Massachusetts
$191K -$24.1K -2,100 -10%
LCM
58
Landscape Capital Management
New Jersey
$184K -$143K -12,493 -42%
NFG
59
Nations Financial Group
Iowa
$184K – – –
EBA
60
Eagle Bay Advisors
New York
$177K -$80.5K -7,011 -30%
BI
61
Bramshill Investments
Florida
$174K – – –
FWM
62
Foresight Wealth Management
Utah
$160K +$540 +47 +0.3%
BRWA
63
B. Riley Wealth Advisors
Florida
$160K +$172K +15,010 New
D.E. Shaw & Co
64
D.E. Shaw & Co
New York
$159K – – –
FW
65
FirstPurpose Wealth
Utah
$159K – – –
Cetera Investment Advisers
66
Cetera Investment Advisers
Illinois
$157K +$17.2K +1,500 +11%
Cambridge Investment Research Advisors
67
Cambridge Investment Research Advisors
Iowa
$151K +$21K +1,828 +15%
DA
68
Detalus Advisors
Missouri
$148K – – –
KFGK
69
Keystone Financial Group (Kentucky)
Kentucky
$145K +$39.4K +3,428 +34%
Janney Montgomery Scott
70
Janney Montgomery Scott
Pennsylvania
$139K – – –
Envestnet Asset Management
71
Envestnet Asset Management
Illinois
$135K -$49.1K -4,274 -25%
LNWWM
72
Laird Norton Wetherby Wealth Management
California
$133K – – –
HighTower Advisors
73
HighTower Advisors
Illinois
$129K +$241 +21 +0.2%
JSL
74
JT Stratford LLC
Georgia
$128K – – –
MFG
75
Magnus Financial Group
New York
$122K +$132K +11,500 New
1 2
3
4

BGB Hedge Fund Activity: Q3 2022 in Review

88 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2022, worth a combined $219M — down 2.5% from $225M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new BGB positions and 4 closed out — a net gain of 1 holder — while 27 added to existing stakes and 28 trimmed.

The largest buyer was City of London Investment Management, adding an estimated $5.78M. The largest seller was Bank of America, cutting an estimated $2.02M.

  • 88 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2022, up from 87 in Q2 2022.
  • Funds reported $219M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2022, down 2.5% quarter-over-quarter.
  • 5 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2022 and 4 closed out, a net change of +1 holder.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2022 was City of London Investment Management, an estimated $5.78M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2022 was Bank of America, an estimated $2.02M sold.

Based on aggregated 13F filings for Q3 2022.