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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

90 hedge funds and large institutions have $248M invested in Blackstone Strategic Credit 2027 Term Fund in 2024 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 30 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 8

0.54% more ownership

Funds ownership: 44.83% → 45.37% (+0.54%)

0% more capital invested

Capital invested by funds: $247M → $248M (+$1.22M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1% less funds holding

Funds holding: 91 → 90 (-1)

20% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 30

Holders
90
Holders Change
-1
Holders Change %
-1.1%
% of All Funds
1.19%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
10
Increased
24
Reduced
30
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$14.8M
2
AAM
Advisors Asset Management
Colorado
+$3.6M
3
UBS Group
UBS Group
Switzerland
+$2.06M
4
Invesco
Invesco
Georgia
+$855K
5
LPL Financial
LPL Financial
California
+$816K

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$10.1M
2
CBA
Coastal Bridge Advisors
Connecticut
-$4.35M
3
CAM
Cresset Asset Management
Illinois
-$1.41M
4
Morgan Stanley
Morgan Stanley
New York
-$1.29M
5
GC
Guggenheim Capital
Illinois
-$1.17M
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
51
Millennium Management
New York
$247K -$719K -58,050 -74%
BPAMU
52
BTG Pactual Asset Management US
New York
$240K – – –
SCA
53
Snowden Capital Advisors
New York
$238K – – –
WLPWM
54
Walled Lake Planning & Wealth Management
Illinois
$233K – – –
SFWA
55
Summit Financial Wealth Advisors
Louisiana
$226K – – –
KWM
56
Kingsview Wealth Management
Oregon
$221K +$84.8K +6,845 +61%
SA
57
Sanctuary Advisors
Indiana
$211K – – –
EFS
58
Essex Financial Services
Connecticut
$202K – – –
MC
59
Moors & Cabot
Massachusetts
$177K +$12.1K +975 +7%
NFG
60
Nations Financial Group
Iowa
$165K – – –
KFGK
61
Keystone Financial Group (Kentucky)
Kentucky
$162K -$9.78K -789 -6%
LNWWM
62
Laird Norton Wetherby Wealth Management
California
$153K – – –
CCFM
63
Clear Creek Financial Management
Washington
$152K -$30.6K -2,473 -17%
AWM
64
Apollon Wealth Management
South Carolina
$148K +$150K +12,075 New
NSAM
65
North Star Asset Management
Wisconsin
$143K -$1.43K -115 -1%
CCG
66
Catalina Capital Group
California
$143K – – –
Janney Montgomery Scott
67
Janney Montgomery Scott
Pennsylvania
$140K – – –
MWM
68
Melfa Wealth Management
Massachusetts
$137K – – –
LWL
69
Leo Wealth LLC
Texas
$131K -$27.1K -2,187 -17%
CIA
70
Concurrent Investment Advisors
Florida
$128K -$6.48K -523 -5%
Citadel Advisors
71
Citadel Advisors
Florida
$127K +$128K +10,355 New
TPWM
72
Twelve Points Wealth Management
Massachusetts
$125K -$24.3K -1,960 -16%
Neuberger Berman Group
73
Neuberger Berman Group
New York
$123K +$125K +10,062 New
GLLW
74
Graves Light Lenhart Wealth
Virginia
$122K – – –
EC
75
Elequin Capital
New York
$103K +$105K +8,451 New
1 2
3
4

BGB Hedge Fund Activity: Q4 2024 in Review

90 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2024, worth a combined $248M — up 0.5% from $247M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new BGB positions and 8 closed out — a net gain of 2 holders — while 24 added to existing stakes and 30 trimmed.

The largest buyer was Bank of America, adding an estimated $14.8M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $10.1M sold.

  • 90 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2024, down from 91 in Q3 2024.
  • Funds reported $248M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2024, up 0.5% quarter-over-quarter.
  • 10 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2024 and 8 closed out, a net change of +2 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2024 was Bank of America, an estimated $14.8M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2024 was Rivernorth Capital Management, an estimated $10.1M sold.

Based on aggregated 13F filings for Q4 2024.