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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

93 hedge funds and large institutions have $266M invested in Blackstone Strategic Credit 2027 Term Fund in 2024 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 35 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

25% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 8

1.8% more ownership

Funds ownership: 48.3% → 50.1% (+1.8%)

3% more capital invested

Capital invested by funds: $258M → $266M (+$8.59M)

1% less funds holding

Funds holding: 94 → 93 (-1)

26% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 35

Holders
93
Holders Change
-1
Holders Change %
-1.06%
% of All Funds
1.34%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
10
Increased
26
Reduced
35
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AW
Atlas Wealth
Ohio
+$20.1M
2
HighTower Advisors
HighTower Advisors
Illinois
+$4.63M
3
Pathstone Holdings
Pathstone Holdings
New Jersey
+$4.51M
4
Wells Fargo
Wells Fargo
California
+$2.82M
5
CAM
Cresset Asset Management
Illinois
+$1.35M

Top Sellers

Rank Fund Capital Flow
1
COLIM
City of London Investment Management
United Kingdom
-$7.83M
2
Morgan Stanley
Morgan Stanley
New York
-$5.25M
3
SIA
Sit Investment Associates
Minnesota
-$3.18M
4
AGM
Alpine Global Management
New York
-$2.15M
5
CBA
Coastal Bridge Advisors
Connecticut
-$1.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
51
Robinson Capital Management
Michigan
$504K – – –
IFG
52
Independent Financial Group
California
$451K -$6.54K -550 -1%
CL
53
Choreo LLC
Illinois
$397K +$38.4K +3,226 +11%
OC
54
Oppenheimer & Co
New York
$367K +$1.39K +117 +0.4%
SCA
55
Snowden Capital Advisors
New York
$366K -$117K -9,823 -24%
JRCM
56
Jones Road Capital Management
New York
$357K +$357K +30,000 New
PWM
57
Perigon Wealth Management
California
$293K +$142K +11,940 +94%
RJT
58
Raymond James Trust
Florida
$253K -$42K -3,535 -14%
AWM
59
Avior Wealth Management
Nebraska
$252K +$50.5K +4,251 +25%
STA
60
Summit Trail Advisors
New York
$250K +$250K +21,000 New
RRA
61
Round Rock Advisors
Connecticut
$247K -$104K -8,750 -30%
Millennium Management
62
Millennium Management
New York
$233K – – –
GA
63
Greytown Advisors
Florida
$231K -$54.5K -4,584 -19%
WLPWM
64
Walled Lake Planning & Wealth Management
Illinois
$227K – – –
SFWA
65
Summit Financial Wealth Advisors
Louisiana
$215K – – –
EFS
66
Essex Financial Services
Connecticut
$197K – – –
SA
67
Sanctuary Advisors
Indiana
$194K +$196K +16,476 New
Mercer Global Advisors
68
Mercer Global Advisors
Colorado
$179K -$1.46K -123 -0.8%
CCFM
69
Clear Creek Financial Management
Washington
$176K -$29.8K -2,502 -14%
DWM
70
Diversify Wealth Management
Utah
$174K +$178K +15,000 New
NFG
71
Nations Financial Group
Iowa
$160K – – –
LWL
72
Leo Wealth LLC
Texas
$153K -$11.5K -963 -7%
LNWWM
73
Laird Norton Wetherby Wealth Management
California
$149K – – –
TPWM
74
Twelve Points Wealth Management
Massachusetts
$145K – – –
CIA
75
Concurrent Investment Advisors
Florida
$135K +$136K +11,395 New
1 2
3
4 5

BGB Hedge Fund Activity: Q2 2024 in Review

93 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q2 2024, worth a combined $266M — up 3.3% from $258M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new BGB positions and 8 closed out — a net gain of 2 holders — while 26 added to existing stakes and 35 trimmed.

The largest buyer was Atlas Wealth, opening a new position worth an estimated $20.1M. The largest seller was City of London Investment Management, cutting an estimated $7.83M.

  • 93 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q2 2024, down from 94 in Q1 2024.
  • Funds reported $266M of Blackstone Strategic Credit 2027 Term Fund stock for Q2 2024, up 3.3% quarter-over-quarter.
  • 10 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q2 2024 and 8 closed out, a net change of +2 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q2 2024 was Atlas Wealth, an estimated $20.1M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q2 2024 was City of London Investment Management, an estimated $7.83M sold.

Based on aggregated 13F filings for Q2 2024.