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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

99 hedge funds and large institutions have $261M invested in Blackstone Strategic Credit 2027 Term Fund in 2023 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 30 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

17% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 30

2% more funds holding

Funds holding: 97 → 99 (+2)

1.36% more ownership

Funds ownership: 51.84% → 53.2% (+1.4%)

3% more capital invested

Capital invested by funds: $253M → $261M (+$8M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
99
Holders Change
+2
Holders Change %
+2.06%
% of All Funds
1.57%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
10
Increased
35
Reduced
30
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
API
Advisor Partners II
California
+$3.78M
2
HighTower Advisors
HighTower Advisors
Illinois
+$3.4M
3
Allspring Global Investments
Allspring Global Investments
North Carolina
+$1.26M
4
AGM
Alpine Global Management
New York
+$1.08M
5
TCA
Transcend Capital Advisors
New Jersey
+$908K

Top Sellers

1
CBA
Coastal Bridge Advisors
Connecticut
-$3.36M
2
SCA
Snowden Capital Advisors
New York
-$808K
3
Morgan Stanley
Morgan Stanley
New York
-$565K
4
LSC
Logan Stone Capital
Illinois
-$483K
5
IWC
Integrated Wealth Concepts
Massachusetts
-$474K
Name Holding Trade Value Shares
Change 		Change in
Stake
AC
51
Almitas Capital
California
$529K -$147K -13,289 -22%
CC
52
Claybrook Capital
Massachusetts
$493K – – –
IFG
53
Independent Financial Group
California
$439K +$29.2K +2,637 +7%
RCM
54
Robinson Capital Management
Michigan
$427K – – –
IPW
55
Invictus Private Wealth
Colorado
$338K +$476 +43 +0.1%
RRA
56
Round Rock Advisors
Connecticut
$324K – – –
LPL Financial
57
LPL Financial
California
$315K +$36.5K +3,300 +13%
Qube Research & Technologies (QRT)
58
Qube Research & Technologies (QRT)
United Kingdom
$311K +$314K +28,333 New
BW
59
Bison Wealth
Georgia
$292K +$1.95K +176 +0.7%
OC
60
Oppenheimer & Co
New York
$284K +$59.6K +5,385 +26%
RJT
61
Raymond James Trust
Florida
$273K – – –
GA
62
Greytown Advisors
Florida
$264K – – –
Royal Bank of Canada
63
Royal Bank of Canada
Ontario, Canada
$245K -$81.6K -7,365 -25%
Millennium Management
64
Millennium Management
New York
$216K – – –
SFWA
65
Summit Financial Wealth Advisors
Louisiana
$212K -$75.9K -6,850 -26%
WLPWM
66
Walled Lake Planning & Wealth Management
Illinois
$210K – – –
CAPTRUST Financial Advisors
67
CAPTRUST Financial Advisors
North Carolina
$198K +$9.12K +823 +5%
CAN
68
Cetera Advisor Networks
California
$194K +$4.92K +444 +3%
EFS
69
Essex Financial Services
Connecticut
$182K +$183K +16,532 New
FW
70
FirstPurpose Wealth
Utah
$165K – – –
KFGK
71
Keystone Financial Group (Kentucky)
Kentucky
$156K +$5.29K +478 +3%
BRWA
72
B. Riley Wealth Advisors
Florida
$153K +$20K +1,805 +15%
IAA
73
Ironsides Asset Advisors
North Carolina
$151K +$15K +1,357 +11%
NFG
74
Nations Financial Group
Iowa
$148K -$9.36K -845 -6%
IP
75
Ignite Planners
California
$145K +$147K +13,309 New
1 2
3
4 5

BGB Hedge Fund Activity: Q3 2023 in Review

99 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2023, worth a combined $261M — up 3.2% from $253M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new BGB positions and 7 closed out — a net gain of 3 holders — while 35 added to existing stakes and 30 trimmed.

The largest buyer was Advisor Partners II, opening a new position worth an estimated $3.78M. The largest seller was Coastal Bridge Advisors, cutting an estimated $3.36M.

  • 99 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2023, up from 97 in Q2 2023.
  • Funds reported $261M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2023, up 3.2% quarter-over-quarter.
  • 10 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2023 and 7 closed out, a net change of +3 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2023 was Advisor Partners II, an estimated $3.78M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2023 was Coastal Bridge Advisors, an estimated $3.36M sold.

Based on aggregated 13F filings for Q3 2023.