Blackstone Strategic Credit 2027 Term Fund
BGB
77 hedge funds and large institutions have $265M invested in Blackstone Strategic Credit 2027 Term Fund in 2021 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 20 increasing their positions, 28 reducing their positions, and 6 closing their positions.
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
7% more funds holding
Funds holding: 72 → 77 (+5)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.96% less ownership
Funds ownership: 43.85% → 42.89% (-0.96%)
3% less capital invested
Capital invested by funds: $274M → $265M (-$8.72M)
29% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 28
Top Buyers
| 1 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$3.84M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.68M |
| 3 |
MFW
Meristem Family Wealth
Minnetonka,
Minnesota
|
+$1.58M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.15M |
| 5 |
Morgan Stanley
New York
|
+$1.01M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GI
76
Gradient Investments
Arden Hills,
Minnesota
| $4K | – | – | – |
|
|
AWA
77
Arkadios Wealth Advisors
Atlanta,
Georgia
| $1K | +$1.24K | +89 | New |
|
|
VEA
78
Virtus ETF Advisers
New York
| – | -$693K | -49,719 | Closed |
|
|
MIG
79
Mariner Investment Group
Harrison,
New York
| – | -$532K | -38,177 | Closed |
|
|
CWP
80
Capital Wealth Planning
Naples,
Florida
| – | -$423K | -30,386 | Closed |
|
|
WI
81
Wintrust Investments
Chicago,
Illinois
| – | -$168K | -12,054 | Closed |
|
|
SWM
82
SeaCrest Wealth Management
Purchase,
New York
| – | -$144K | -10,364 | Closed |
|
83
Citigroup
New York
| – | -$18.9K | -1,365 | -98% |
|
|
EBSAM
84
Eubel Brady & Suttman Asset Management
Miamisburg,
Ohio
| – | -$4K | -330 | Closed |
|
BGB Hedge Fund Activity: Q3 2021 in Review
77 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2021, worth a combined $265M — down 3.2% from $274M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BGB positions and 6 closed out — a net gain of 6 holders — while 20 added to existing stakes and 28 trimmed.
The largest buyer was Coastal Bridge Advisors, adding an estimated $3.84M. The largest seller was Penserra Capital Management, cutting an estimated $6.28M.
- 77 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2021, up from 72 in Q2 2021.
- Funds reported $265M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2021, down 3.2% quarter-over-quarter.
- 12 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2021 and 6 closed out, a net change of +6 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2021 was Coastal Bridge Advisors, an estimated $3.84M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2021 was Penserra Capital Management, an estimated $6.28M sold.
Based on aggregated 13F filings for Q3 2021.