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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

100 hedge funds and large institutions have $275M invested in Blackstone Strategic Credit 2027 Term Fund in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 34 increasing their positions, 25 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 25

25% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 12

6% more capital invested

Capital invested by funds: $261M → $275M (+$14.4M)

1.37% more ownership

Funds ownership: 53.2% → 54.57% (+1.4%)

1% more funds holding

Funds holding: 99 → 100 (+1)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
100
Holders Change
+1
Holders Change %
+1.01%
% of All Funds
1.46%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
15
Increased
34
Reduced
25
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$15M
2
LPL Financial
LPL Financial
California
+$2.45M
3
CBA
Coastal Bridge Advisors
Connecticut
+$2M
4
TCA
Transcend Capital Advisors
New Jersey
+$1.94M
5
TI
Tidal Investments
Wisconsin
+$1.16M

Top Sellers

1
AW
Atlas Wealth
Ohio
-$18.7M
2
Allspring Global Investments
Allspring Global Investments
North Carolina
-$7.35M
3
VCM
Vivaldi Capital Management
Illinois
-$1.65M
4
IWC
Integrated Wealth Concepts
Massachusetts
-$1.45M
5
GC
Guggenheim Capital
Illinois
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
IPW
51
Invictus Private Wealth
Colorado
$515K +$161K +14,714 +48%
Lido Advisors
52
Lido Advisors
California
$512K +$493K +44,898 New
Cerity Partners
53
Cerity Partners
New York
$504K +$488K +44,500 New
Allspring Global Investments
54
Allspring Global Investments
North Carolina
$487K -$7.35M -669,786 -94%
IFG
55
Independent Financial Group
California
$452K +$439 +40 +0.1%
VEA
56
Virtus ETF Advisers
New York
$416K -$133K -12,139 -25%
RRA
57
Round Rock Advisors
Connecticut
$334K – – –
OC
58
Oppenheimer & Co
New York
$325K +$31K +2,828 +11%
Qube Research & Technologies (QRT)
59
Qube Research & Technologies (QRT)
United Kingdom
$321K – – –
BW
60
Bison Wealth
Georgia
$308K +$7.01K +639 +2%
LWL
61
Leo Wealth LLC
Texas
$287K +$278K +25,313 New
RJT
62
Raymond James Trust
Florida
$281K – – –
GA
63
Greytown Advisors
Florida
$274K – – –
CAN
64
Cetera Advisor Networks
California
$252K +$50.7K +4,619 +26%
Millennium Management
65
Millennium Management
New York
$222K – – –
Royal Bank of Canada
66
Royal Bank of Canada
Ontario, Canada
$220K -$30.3K -2,757 -12%
SFWA
67
Summit Financial Wealth Advisors
Louisiana
$220K – – –
WLPWM
68
Walled Lake Planning & Wealth Management
Illinois
$216K – – –
CAPTRUST Financial Advisors
69
CAPTRUST Financial Advisors
North Carolina
$204K – – –
EFS
70
Essex Financial Services
Connecticut
$187K – – –
JP Morgan Chase
71
JP Morgan Chase
New York
$177K +$171K +15,612 New
FW
72
FirstPurpose Wealth
Utah
$170K – – –
AC
73
Aristides Capital
Kentucky
$169K +$164K +14,962 New
AGA
74
Accuvest Global Advisors
Utah
$168K +$163K +14,863 New
KFGK
75
Keystone Financial Group (Kentucky)
Kentucky
$165K +$3.63K +331 +2%
1 2
3
4 5

BGB Hedge Fund Activity: Q4 2023 in Review

100 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2023, worth a combined $275M — up 5.5% from $261M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new BGB positions and 12 closed out — a net gain of 3 holders — while 34 added to existing stakes and 25 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $15M. The largest seller was Atlas Wealth, exiting entirely with an estimated $18.7M sold.

  • 100 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2023, up from 99 in Q3 2023.
  • Funds reported $275M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2023, up 5.5% quarter-over-quarter.
  • 15 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2023 and 12 closed out, a net change of +3 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2023 was Morgan Stanley, an estimated $15M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2023 was Atlas Wealth, an estimated $18.7M sold.

Based on aggregated 13F filings for Q4 2023.