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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

92 hedge funds and large institutions have $244M invested in Blackstone Strategic Credit 2027 Term Fund in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 37 increasing their positions, 25 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 25

1% more capital invested

Capital invested by funds: $241M → $244M (+$2.92M)

0.29% more ownership

Funds ownership: 51.26% → 51.55% (+0.29%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4% less funds holding

Funds holding: 96 → 92 (-4)

25% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 12

Holders
92
Holders Change
-4
Holders Change %
-4.17%
% of All Funds
1.47%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
9
Increased
37
Reduced
25
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PCM
Penserra Capital Management
California
+$2.12M
2
TJHA
Thomas J. Herzfeld Advisors
Florida
+$2M
3
Morgan Stanley
Morgan Stanley
New York
+$1.81M
4
AW
Atlas Wealth
Ohio
+$1.22M
5
CBA
Coastal Bridge Advisors
Connecticut
+$1.2M

Top Sellers

1
GC
Guggenheim Capital
Illinois
-$10.2M
2
Bank of America
Bank of America
North Carolina
-$666K
3
AC
Almitas Capital
California
-$607K
4
First Trust Advisors
First Trust Advisors
Illinois
-$463K
5
MC
Meteora Capital
Florida
-$422K
Name Holding Trade Value Shares
Change 		Change in
Stake
JSL
76
JT Stratford LLC
Georgia
$128K – – –
MC
77
Moors & Cabot
Massachusetts
$111K +$2.18K +200 +2%
IAA
78
Ironsides Asset Advisors
North Carolina
$108K +$111K +10,180 New
GLLW
79
Graves Light Lenhart Wealth
Virginia
$107K – – –
Northwestern Mutual Wealth Management
80
Northwestern Mutual Wealth Management
Wisconsin
$71.9K +$3.35K +307 +5%
HCM
81
Horrell Capital Management
Arkansas
$53K – – –
Bessemer Group
82
Bessemer Group
New Jersey
$39K +$360 +33 +0.9%
EC
83
Elequin Capital
New York
$25.7K -$58.3K -5,341 -69%
PFPT
84
Pinnacle Financial Partners (Tennessee)
Tennessee
$23.8K – – –
PTC
85
Private Trust Company
Ohio
$19.2K – – –
MRCM
86
M&R Capital Management
New Jersey
$17.3K -$17.7K -1,625 -50%
CSPIA
87
Cary Street Partners Investment Advisory
Virginia
$16K – – –
EBA
88
Eagle Bay Advisors
New York
$5.9K -$6.24K -572 -51%
PNC Financial Services Group
89
PNC Financial Services Group
Pennsylvania
$5.33K – – –
GI
90
Gradient Investments
Minnesota
$2.93K – – –
Commonwealth Equity Services
91
Commonwealth Equity Services
Massachusetts
$1.42K +$210K +19,223 +17%
HCP
92
Hexagon Capital Partners
Arkansas
$1.06K – – –
AC
93
Almitas Capital
California
– -$607K -57,362 Closed
MC
94
Meteora Capital
Florida
– -$422K -39,875 Closed
OFG
95
OTA Financial Group
New York
– -$213K -20,209 Closed
BFM
96
Boothbay Fund Management
New York
– -$198K -18,712 Closed
D.E. Shaw & Co
97
D.E. Shaw & Co
New York
– -$159K -15,000 Closed
DA
98
Detalus Advisors
Missouri
– -$148K -13,953 Closed
MFG
99
Magnus Financial Group
New York
– -$122K -11,500 Closed
MCC
100
Money Concepts Capital
Florida
– -$98K -9,258 Closed
1 2 3
4
5

BGB Hedge Fund Activity: Q1 2023 in Review

92 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q1 2023, worth a combined $244M — up 1.2% from $241M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of BGB and 9 opened new positions — a net loss of 3 holders — while 25 trimmed existing stakes and 37 added.

The largest buyer was Penserra Capital Management, adding an estimated $2.12M. The largest seller was Guggenheim Capital, cutting an estimated $10.2M.

  • 92 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q1 2023, down from 96 in Q4 2022.
  • Funds reported $244M of Blackstone Strategic Credit 2027 Term Fund stock for Q1 2023, up 1.2% quarter-over-quarter.
  • 9 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q1 2023 and 12 closed out, a net change of -3 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q1 2023 was Penserra Capital Management, an estimated $2.12M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q1 2023 was Guggenheim Capital, an estimated $10.2M sold.

Based on aggregated 13F filings for Q1 2023.