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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

94 hedge funds and large institutions have $258M invested in Blackstone Strategic Credit 2027 Term Fund in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 32 increasing their positions, 23 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 23

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

6% less funds holding

Funds holding: 100 → 94 (-6)

6.27% less ownership

Funds ownership: 54.57% → 48.3% (-6.3%)

6% less capital invested

Capital invested by funds: $275M → $258M (-$17.7M)

33% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 18

Holders
94
Holders Change
-6
Holders Change %
-6%
% of All Funds
1.35%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
12
Increased
32
Reduced
23
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$2.68M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.84M
3
GC
Guggenheim Capital
Illinois
+$1.17M
4
TCA
Transcend Capital Advisors
New Jersey
+$1.11M
5
CA
Cetera Advisors
Colorado
+$965K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$25.4M
2
SIA
Sit Investment Associates
Minnesota
-$11.3M
3
AA
AQR Arbitrage
Connecticut
-$1.88M
4
LCM
Landscape Capital Management
New Jersey
-$1.04M
5
IWC
Integrated Wealth Concepts
Massachusetts
-$1.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
Cerity Partners
51
Cerity Partners
New York
$530K – – –
Allspring Global Investments
52
Allspring Global Investments
North Carolina
$512K – – –
BI
53
Bulldog Investors
New Jersey
$503K -$921K -79,110 -65%
RCM
54
Robinson Capital Management
Michigan
$494K -$972K -83,477 -67%
SCA
55
Snowden Capital Advisors
New York
$483K +$343K +29,471 +265%
IFG
56
Independent Financial Group
California
$458K -$17.2K -1,477 -4%
CAN
57
Cetera Advisor Networks
California
$396K +$128K +11,021 +50%
OC
58
Oppenheimer & Co
New York
$366K +$24K +2,065 +7%
CL
59
Choreo LLC
Illinois
$358K +$350K +30,055 New
RRA
60
Round Rock Advisors
Connecticut
$351K – – –
RJT
61
Raymond James Trust
Florida
$295K – – –
GA
62
Greytown Advisors
Florida
$285K – – –
Millennium Management
63
Millennium Management
New York
$233K – – –
WLPWM
64
Walled Lake Planning & Wealth Management
Illinois
$227K – – –
SFWA
65
Summit Financial Wealth Advisors
Louisiana
$215K -$15.1K -1,300 -7%
MC
66
Moors & Cabot
Massachusetts
$211K +$207K +17,750 New
CCFM
67
Clear Creek Financial Management
Washington
$206K +$35.7K +3,064 +22%
Janney Montgomery Scott
68
Janney Montgomery Scott
Pennsylvania
$204K +$200K +17,150 New
AWM
69
Avior Wealth Management
Nebraska
$202K +$198K +16,973 New
EFS
70
Essex Financial Services
Connecticut
$197K – – –
Mercer Global Advisors
71
Mercer Global Advisors
Colorado
$180K +$176K +15,142 New
FW
72
FirstPurpose Wealth
Utah
$177K – – –
KFGK
73
Keystone Financial Group (Kentucky)
Kentucky
$170K -$2.6K -223 -2%
LWL
74
Leo Wealth LLC
Texas
$165K -$133K -11,441 -45%
NFG
75
Nations Financial Group
Iowa
$160K – – –
1 2
3
4 5

BGB Hedge Fund Activity: Q1 2024 in Review

94 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q1 2024, worth a combined $258M — down 6.4% from $275M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of BGB and 12 opened new positions — a net loss of 6 holders — while 23 trimmed existing stakes and 32 added.

The largest buyer was Commonwealth Equity Services, adding an estimated $2.68M. The largest seller was Morgan Stanley, cutting an estimated $25.4M.

  • 94 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q1 2024, down from 100 in Q4 2023.
  • Funds reported $258M of Blackstone Strategic Credit 2027 Term Fund stock for Q1 2024, down 6.4% quarter-over-quarter.
  • 12 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q1 2024 and 18 closed out, a net change of -6 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q1 2024 was Commonwealth Equity Services, an estimated $2.68M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q1 2024 was Morgan Stanley, an estimated $25.4M sold.

Based on aggregated 13F filings for Q1 2024.