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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

88 hedge funds and large institutions have $219M invested in Blackstone Strategic Credit 2027 Term Fund in 2022 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 27 increasing their positions, 28 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 4

1% more funds holding

Funds holding: 87 → 88 (+1)

1.14% more ownership

Funds ownership: 44.99% → 46.13% (+1.1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3% less capital invested

Capital invested by funds: $225M → $219M (-$5.68M)

4% less repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 28

Holders
88
Holders Change
+1
Holders Change %
+1.15%
% of All Funds
1.52%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
5
Increased
27
Reduced
28
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
COLIM
City of London Investment Management
United Kingdom
+$5.78M
2
VCM
Vivaldi Capital Management
Illinois
+$4.35M
3
CBA
Coastal Bridge Advisors
Connecticut
+$951K
4
PCM
Penserra Capital Management
California
+$517K
5
OCM
Oaktree Capital Management
California
+$448K

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$2.02M
2
SFS
Shaker Financial Services
Virginia
-$1.9M
3
Stifel Financial
Stifel Financial
Missouri
-$677K
4
GC
Guggenheim Capital
Illinois
-$658K
5
UBS Group
UBS Group
Switzerland
-$385K
Name Holding Trade Value Shares
Change 		Change in
Stake
GLLW
76
Graves Light Lenhart Wealth
Virginia
$106K – – –
Rockefeller Capital Management
77
Rockefeller Capital Management
New York
$63K -$20.4K -1,773 -23%
HCM
78
Horrell Capital Management
Arkansas
$53K – – –
Bessemer Group
79
Bessemer Group
New Jersey
$27K – – –
PFPT
80
Pinnacle Financial Partners (Tennessee)
Tennessee
$24K – – –
WWMSC
81
Wagner Wealth Management (South Carolina)
South Carolina
$23K – – –
AWM
82
Activest Wealth Management
Florida
$23K +$23K +2,000 New
HNWAG
83
High Net Worth Advisory Group
Florida
$16K +$322 +28 +2%
PTC
84
Private Trust Company
Ohio
$16K +$3.44K +300 +25%
Lazard Asset Management
85
Lazard Asset Management
New York
$10K – – –
PNC Financial Services Group
86
PNC Financial Services Group
Pennsylvania
$5K – – –
GI
87
Gradient Investments
Minnesota
$3K – – –
HCP
88
Hexagon Capital Partners
Arkansas
$1K – – –
IA
89
IFP Advisors
Florida
$1K – – –
MC
90
Matisse Capital
Oregon
– -$168K -14,997 Closed
Bank of New York Mellon
91
Bank of New York Mellon
New York
– -$161K -14,434 Closed
SWM
92
SeaCrest Wealth Management
New York
– -$29K -2,615 Closed
CHA
93
Carmichael Hill & Associates
Maryland
– -$15K -1,313 Closed
1 2 3
4

BGB Hedge Fund Activity: Q3 2022 in Review

88 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2022, worth a combined $219M — down 2.5% from $225M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new BGB positions and 4 closed out — a net gain of 1 holder — while 27 added to existing stakes and 28 trimmed.

The largest buyer was City of London Investment Management, adding an estimated $5.78M. The largest seller was Bank of America, cutting an estimated $2.02M.

  • 88 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2022, up from 87 in Q2 2022.
  • Funds reported $219M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2022, down 2.5% quarter-over-quarter.
  • 5 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2022 and 4 closed out, a net change of +1 holder.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2022 was City of London Investment Management, an estimated $5.78M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2022 was Bank of America, an estimated $2.02M sold.

Based on aggregated 13F filings for Q3 2022.