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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

96 hedge funds and large institutions have $241M invested in Blackstone Strategic Credit 2027 Term Fund in 2022 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 36 increasing their positions, 23 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

113% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 8

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

57% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 23

10% more capital invested

Capital invested by funds: $219M → $241M (+$22M)

9% more funds holding

Funds holding: 88 → 96 (+8)

5.13% more ownership

Funds ownership: 46.13% → 51.26% (+5.1%)

Holders
96
Holders Change
+8
Holders Change %
+9.09%
% of All Funds
1.54%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
17
Increased
36
Reduced
23
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
IWC
Integrated Wealth Concepts
Massachusetts
+$7.02M
2
Morgan Stanley
Morgan Stanley
New York
+$2.87M
3
OCM
Oaktree Capital Management
California
+$1.31M
4
CBA
Coastal Bridge Advisors
Connecticut
+$1.23M
5
SCM
Saba Capital Management
New York
+$932K

Top Sellers

1
GC
Guggenheim Capital
Illinois
-$2.74M
2
Bank of America
Bank of America
North Carolina
-$2.53M
3
SIA
Sit Investment Associates
Minnesota
-$1.4M
4
SPIA
Steward Partners Investment Advisory
New York
-$1.3M
5
SFS
Shaker Financial Services
Virginia
-$993K
Name Holding Trade Value Shares
Change 		Change in
Stake
IFG
76
Independent Financial Group
California
$115K +$116K +10,900 New
MC
77
Moors & Cabot
Massachusetts
$108K +$109K +10,250 New
GLLW
78
Graves Light Lenhart Wealth
Virginia
$106K – – –
MCC
79
Money Concepts Capital
Florida
$98K +$98.8K +9,258 New
Rockefeller Capital Management
80
Rockefeller Capital Management
New York
$87K +$24.5K +2,300 +38%
EC
81
Elequin Capital
New York
$82K +$82.7K +7,752 New
Northwestern Mutual Wealth Management
82
Northwestern Mutual Wealth Management
Wisconsin
$68.2K -$310K -29,045 -82%
HCM
83
Horrell Capital Management
Arkansas
$53K – – –
Bessemer Group
84
Bessemer Group
New Jersey
$38K +$11.4K +1,066 +42%
MRCM
85
M&R Capital Management
New Jersey
$34.4K +$34.7K +3,250 New
PFPT
86
Pinnacle Financial Partners (Tennessee)
Tennessee
$23.6K – – –
AWM
87
Activest Wealth Management
Florida
$23.4K – – –
PTC
88
Private Trust Company
Ohio
$19K +$3.2K +300 +20%
HNWAG
89
High Net Worth Advisory Group
Florida
$15.9K +$352 +33 +2%
CSPIA
90
Cary Street Partners Investment Advisory
Virginia
$15.9K +$16K +1,500 New
EBA
91
Eagle Bay Advisors
New York
$11.9K -$166K -15,543 -93%
Lazard Asset Management
92
Lazard Asset Management
New York
$10K – – –
PNC Financial Services Group
93
PNC Financial Services Group
Pennsylvania
$5.29K – – –
GI
94
Gradient Investments
Minnesota
$2.91K – – –
CAM
95
Cresset Asset Management
Illinois
$1.21K – – –
HCP
96
Hexagon Capital Partners
Arkansas
$1.06K – – –
Fidelity Investments
97
Fidelity Investments
Massachusetts
$11 +$11 +1 New
SFS
98
Shaker Financial Services
Virginia
– -$993K -93,422 Closed
TCA
99
Transcend Capital Advisors
New Jersey
– -$225K -21,200 Closed
QC
100
Quantedge Capital
Singapore
– -$195K -18,338 Closed
1 2 3
4
5

BGB Hedge Fund Activity: Q4 2022 in Review

96 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2022, worth a combined $241M — up 10% from $219M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BGB positions and 8 closed out — a net gain of 9 holders — while 36 added to existing stakes and 23 trimmed.

The largest buyer was Integrated Wealth Concepts, opening a new position worth an estimated $7.02M. The largest seller was Guggenheim Capital, cutting an estimated $2.74M.

  • 96 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2022, up from 88 in Q3 2022.
  • Funds reported $241M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2022, up 10% quarter-over-quarter.
  • 17 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2022 and 8 closed out, a net change of +9 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2022 was Integrated Wealth Concepts, an estimated $7.02M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2022 was Guggenheim Capital, an estimated $2.74M sold.

Based on aggregated 13F filings for Q4 2022.