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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

96 hedge funds and large institutions have $241M invested in Blackstone Strategic Credit 2027 Term Fund in 2022 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 36 increasing their positions, 23 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

113% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 8

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

57% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 23

10% more capital invested

Capital invested by funds: $219M → $241M (+$22M)

9% more funds holding

Funds holding: 88 → 96 (+8)

5.13% more ownership

Funds ownership: 46.13% → 51.26% (+5.1%)

Holders
96
Holders Change
+8
Holders Change %
+9.09%
% of All Funds
1.54%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
17
Increased
36
Reduced
23
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
IWC
Integrated Wealth Concepts
Massachusetts
+$7.02M
2
Morgan Stanley
Morgan Stanley
New York
+$2.87M
3
OCM
Oaktree Capital Management
California
+$1.31M
4
CBA
Coastal Bridge Advisors
Connecticut
+$1.23M
5
SCM
Saba Capital Management
New York
+$932K

Top Sellers

1
GC
Guggenheim Capital
Illinois
-$2.74M
2
Bank of America
Bank of America
North Carolina
-$2.53M
3
SIA
Sit Investment Associates
Minnesota
-$1.4M
4
SPIA
Steward Partners Investment Advisory
New York
-$1.3M
5
SFS
Shaker Financial Services
Virginia
-$993K
Name Holding Trade Value Shares
Change 		Change in
Stake
OC
51
Oppenheimer & Co
New York
$278K +$12.1K +1,133 +5%
FM
52
Family Management
New York
$275K +$11.4K +1,065 +4%
RIL
53
Rothschild Investment LLC
Illinois
$273K – – –
RJT
54
Raymond James Trust
Florida
$263K – – –
NFG
55
Nations Financial Group
Iowa
$259K +$76.2K +7,147 +41%
GA
56
Greytown Advisors
Florida
$254K – – –
LCM
57
Landscape Capital Management
New Jersey
$235K +$52K +4,878 +28%
Cetera Investment Advisers
58
Cetera Investment Advisers
Illinois
$219K +$63.1K +5,918 +40%
LPL Financial
59
LPL Financial
California
$216K -$94.7K -8,881 -30%
OFG
60
OTA Financial Group
New York
$213K +$216K +20,209 New
Fifth Third Bancorp
61
Fifth Third Bancorp
Ohio
$212K – – –
BFM
62
Boothbay Fund Management
New York
$198K +$200K +18,712 New
CAN
63
Cetera Advisor Networks
California
$179K +$180K +16,908 New
TPWM
64
Twelve Points Wealth Management
Massachusetts
$168K -$22.4K -2,100 -12%
D.E. Shaw & Co
65
D.E. Shaw & Co
New York
$159K – – –
FW
66
FirstPurpose Wealth
Utah
$159K – – –
BI
67
Bramshill Investments
Florida
$158K -$15.6K -1,465 -9%
KFGK
68
Keystone Financial Group (Kentucky)
Kentucky
$153K +$8.9K +834 +6%
CAPTRUST Financial Advisors
69
CAPTRUST Financial Advisors
North Carolina
$151K +$152K +14,273 New
DA
70
Detalus Advisors
Missouri
$148K – – –
Envestnet Asset Management
71
Envestnet Asset Management
Illinois
$146K +$10.9K +1,026 +8%
BRWA
72
B. Riley Wealth Advisors
Florida
$138K -$21.3K -2,000 -13%
LNWWM
73
Laird Norton Wetherby Wealth Management
California
$132K – – –
JSL
74
JT Stratford LLC
Georgia
$127K – – –
MFG
75
Magnus Financial Group
New York
$122K – – –
1 2
3
4 5

BGB Hedge Fund Activity: Q4 2022 in Review

96 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2022, worth a combined $241M — up 10% from $219M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BGB positions and 8 closed out — a net gain of 9 holders — while 36 added to existing stakes and 23 trimmed.

The largest buyer was Integrated Wealth Concepts, opening a new position worth an estimated $7.02M. The largest seller was Guggenheim Capital, cutting an estimated $2.74M.

  • 96 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2022, up from 88 in Q3 2022.
  • Funds reported $241M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2022, up 10% quarter-over-quarter.
  • 17 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2022 and 8 closed out, a net change of +9 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2022 was Integrated Wealth Concepts, an estimated $7.02M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2022 was Guggenheim Capital, an estimated $2.74M sold.

Based on aggregated 13F filings for Q4 2022.