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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

76 hedge funds and large institutions have $263M invested in Blackstone Strategic Credit 2027 Term Fund in 2021 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 33 increasing their positions, 17 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

94% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 17

10% more capital invested

Capital invested by funds: $240M → $263M (+$22.8M)

1.11% more ownership

Funds ownership: 42.85% → 43.96% (+1.1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less funds holding

Funds holding: 79 → 76 (-3)

21% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 14

Holders
76
Holders Change
-3
Holders Change %
-3.8%
% of All Funds
1.33%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
11
Increased
33
Reduced
17
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PCM
Penserra Capital Management
California
+$2.64M
2
PPA
Parametric Portfolio Associates
Washington
+$2.54M
3
Wells Fargo
Wells Fargo
California
+$2.34M
4
CAM
Cresset Asset Management
Illinois
+$2M
5
6M
6 Meridian
Kansas
+$1.28M

Top Sellers

1
CBA
Coastal Bridge Advisors
Connecticut
-$3.61M
2
JP Morgan Chase
JP Morgan Chase
New York
-$2.22M
3
SCM
Saba Capital Management
New York
-$1.93M
4
LCM
Landscape Capital Management
New Jersey
-$1.34M
5
Millennium Management
Millennium Management
New York
-$891K
Name Holding Trade Value Shares
Change 		Change in
Stake
GI
76
Gradient Investments
Minnesota
$4K – – –
PAM
77
Panagora Asset Management
Massachusetts
$3K +$354 +27 +15%
JP Morgan Chase
78
JP Morgan Chase
New York
– -$2.22M -177,659 Closed
Millennium Management
79
Millennium Management
New York
– -$891K -71,367 Closed
AAM
80
Advisors Asset Management
Colorado
– -$503K -40,342 Closed
WAM
81
Wolverine Asset Management
Illinois
– -$325K -26,094 Closed
HF
82
HRT Financial
New York
– -$247K -19,812 Closed
CRC
83
Curi RMB Capital
Illinois
– -$226K -18,127 Closed
Cerity Partners
84
Cerity Partners
New York
– -$191K -15,331 Closed
LNWWM
85
Laird Norton Wetherby Wealth Management
California
– -$156K -12,500 Closed
Goldman Sachs
86
Goldman Sachs
New York
– -$153K -12,248 Closed
BRWA
87
B. Riley Wealth Advisors
Florida
– -$141K -11,283 Closed
Cambridge Investment Research Advisors
88
Cambridge Investment Research Advisors
Iowa
– -$135K -10,804 Closed
Truist Financial
89
Truist Financial
North Carolina
– -$127K -10,208 Closed
HPC
90
HM Payson & Co
Maine
– -$18K -1,449 Closed
MIM
91
Merrion Investment Management
New Jersey
– -$7K -550 Closed
1 2 3
4

BGB Hedge Fund Activity: Q1 2021 in Review

76 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q1 2021, worth a combined $263M — up 9.5% from $240M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BGB and 11 opened new positions — a net loss of 3 holders — while 17 trimmed existing stakes and 33 added.

The largest buyer was Penserra Capital Management, adding an estimated $2.64M. The largest seller was Coastal Bridge Advisors, cutting an estimated $3.61M.

  • 76 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q1 2021, down from 79 in Q4 2020.
  • Funds reported $263M of Blackstone Strategic Credit 2027 Term Fund stock for Q1 2021, up 9.5% quarter-over-quarter.
  • 11 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q1 2021 and 14 closed out, a net change of -3 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q1 2021 was Penserra Capital Management, an estimated $2.64M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q1 2021 was Coastal Bridge Advisors, an estimated $3.61M sold.

Based on aggregated 13F filings for Q1 2021.