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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

86 hedge funds and large institutions have $257M invested in Blackstone Strategic Credit 2027 Term Fund in 2021 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 19 increasing their positions, 24 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 11

12% more funds holding

Funds holding: 77 → 86 (+9)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.5% less ownership

Funds ownership: 42.89% → 42.38% (-0.5%)

3% less capital invested

Capital invested by funds: $265M → $257M (-$8.68M)

21% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 24

Holders
86
Holders Change
+9
Holders Change %
+11.69%
% of All Funds
1.32%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
22
Increased
19
Reduced
24
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIA
Sit Investment Associates
Minnesota
+$17.2M
2
PPA
Parametric Portfolio Associates
Washington
+$2.83M
3
GC
Guggenheim Capital
Illinois
+$1.4M
4
SFS
Shaker Financial Services
Virginia
+$1.11M
5
NA
NewEdge Advisors
Louisiana
+$1.02M

Top Sellers

1
SCM
Saba Capital Management
New York
-$17.3M
2
PAIM
Punch & Associates Investment Management
Minnesota
-$5.64M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.91M
4
Wells Fargo
Wells Fargo
California
-$1.64M
5
RCM
Rivernorth Capital Management
Florida
-$1.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
AF
76
Advisornet Financial
Minnesota
$50K -$13.8K -1,000 -21%
PMFA
77
Plante Moran Financial Advisors
Michigan
$49K +$50.5K +3,650 New
FAG
78
Fortitude Advisory Group
Washington
$46K +$47.4K +3,425 New
Bessemer Group
79
Bessemer Group
New Jersey
$34K – – –
PFPT
80
Pinnacle Financial Partners (Tennessee)
Tennessee
$30K – – –
HNWAG
81
High Net Worth Advisory Group
Florida
$19K +$19.3K +1,395 New
CHA
82
Carmichael Hill & Associates
Maryland
$18K – – –
WB
83
Webster Bank
Connecticut
$16K – – –
WAM
84
Wolverine Asset Management
Illinois
$16K +$16.8K +1,214 New
PNC Financial Services Group
85
PNC Financial Services Group
Pennsylvania
$7K – – –
GI
86
Gradient Investments
Minnesota
$4K – – –
CA
87
Centerpoint Advisors
Massachusetts
$1K +$1.16K +84 New
PAIM
88
Punch & Associates Investment Management
Minnesota
– -$5.64M -407,111 Closed
IC
89
IEQ Capital
California
– -$277K -20,000 Closed
Millennium Management
90
Millennium Management
New York
– -$260K -18,792 Closed
VF
91
Virtu Financial
New York
– -$152K -10,980 Closed
BPA
92
Beacon Pointe Advisors
California
– -$139K -10,000 Closed
FIA
93
FNY Investment Advisers
New York
– -$108K -7,800 Closed
LC
94
Lindbrook Capital
California
– -$29K -2,104 Closed
Barclays
95
Barclays
United Kingdom
– -$5K -312 Closed
AWA
96
Arkadios Wealth Advisors
Georgia
– -$1K -89 Closed
WFS
97
Widmann Financial Services
Maryland
– +$138 +10 New
1 2 3
4

BGB Hedge Fund Activity: Q4 2021 in Review

86 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2021, worth a combined $257M — down 3.3% from $265M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new BGB positions and 11 closed out — a net gain of 11 holders — while 19 added to existing stakes and 24 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $17.2M. The largest seller was Saba Capital Management, cutting an estimated $17.3M.

  • 86 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2021, up from 77 in Q3 2021.
  • Funds reported $257M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2021, down 3.3% quarter-over-quarter.
  • 22 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2021 and 11 closed out, a net change of +11 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2021 was Sit Investment Associates, an estimated $17.2M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2021 was Saba Capital Management, an estimated $17.3M sold.

Based on aggregated 13F filings for Q4 2021.