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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

91 hedge funds and large institutions have $247M invested in Blackstone Strategic Credit 2027 Term Fund in 2024 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 34 increasing their positions, 26 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 26

2% less funds holding

Funds holding: 93 → 91 (-2)

5.27% less ownership

Funds ownership: 50.1% → 44.83% (-5.3%)

7% less capital invested

Capital invested by funds: $266M → $247M (-$19.7M)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
91
Holders Change
-2
Holders Change %
-2.15%
% of All Funds
1.31%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
9
Increased
34
Reduced
26
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$4.85M
2
Pathstone Holdings
Pathstone Holdings
New Jersey
+$3.05M
3
AAM
Advisors Asset Management
Colorado
+$2.08M
4
TCA
Transcend Capital Advisors
New Jersey
+$1.24M
5
SFS
Shaker Financial Services
Virginia
+$1.08M

Top Sellers

1
AW
Atlas Wealth
Ohio
-$20.5M
2
PCM
Penserra Capital Management
California
-$9.04M
3
CBA
Coastal Bridge Advisors
Connecticut
-$2.37M
4
VCM
Vivaldi Capital Management
Illinois
-$2.28M
5
GC
Guggenheim Capital
Illinois
-$1.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
PWM
51
Perigon Wealth Management
California
$314K +$10.1K +835 +3%
Allspring Global Investments
52
Allspring Global Investments
North Carolina
$308K -$218K -18,026 -42%
AWM
53
Avior Wealth Management
Nebraska
$300K +$37.5K +3,091 +15%
TI
54
Tidal Investments
Wisconsin
$287K -$792K -65,316 -74%
RJT
55
Raymond James Trust
Florida
$262K – – –
RRA
56
Round Rock Advisors
Connecticut
$256K – – –
BPAMU
57
BTG Pactual Asset Management US
New York
$239K +$235K +19,398 New
SCA
58
Snowden Capital Advisors
New York
$238K -$138K -11,421 -37%
WLPWM
59
Walled Lake Planning & Wealth Management
Illinois
$235K – – –
SFWA
60
Summit Financial Wealth Advisors
Louisiana
$223K – – –
SA
61
Sanctuary Advisors
Indiana
$212K +$6.8K +561 +3%
EFS
62
Essex Financial Services
Connecticut
$205K – – –
Jane Street
63
Jane Street
New York
$197K +$194K +15,979 New
WCMNY
64
Westchester Capital Management (New York)
New York
$197K -$1.34M -110,562 -87%
CCFM
65
Clear Creek Financial Management
Washington
$183K +$667 +55 +0.4%
KFGK
66
Keystone Financial Group (Kentucky)
Kentucky
$173K +$170K +14,041 New
MC
67
Moors & Cabot
Massachusetts
$166K +$30.3K +2,500 +23%
NFG
68
Nations Financial Group
Iowa
$166K – – –
LWL
69
Leo Wealth LLC
Texas
$159K – – –
LNWWM
70
Laird Norton Wetherby Wealth Management
California
$154K – – –
TPWM
71
Twelve Points Wealth Management
Massachusetts
$150K – – –
NSAM
72
North Star Asset Management
Wisconsin
$146K +$143K +11,835 New
CCG
73
Catalina Capital Group
California
$144K +$141K +11,658 New
Janney Montgomery Scott
74
Janney Montgomery Scott
Pennsylvania
$141K +$139K +11,450 New
KWM
75
Kingsview Wealth Management
Oregon
$139K +$6.99K +577 +5%
1 2
3
4 5

BGB Hedge Fund Activity: Q3 2024 in Review

91 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2024, worth a combined $247M — down 7.4% from $266M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of BGB and 9 opened new positions — a net loss of 1 holder — while 26 trimmed existing stakes and 34 added.

The largest buyer was Wells Fargo, adding an estimated $4.85M. The largest seller was Atlas Wealth, exiting entirely with an estimated $20.5M sold.

  • 91 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2024, down from 93 in Q2 2024.
  • Funds reported $247M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2024, down 7.4% quarter-over-quarter.
  • 9 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2024 and 10 closed out, a net change of -1 holder.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2024 was Wells Fargo, an estimated $4.85M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2024 was Atlas Wealth, an estimated $20.5M sold.

Based on aggregated 13F filings for Q3 2024.