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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

99 hedge funds and large institutions have $261M invested in Blackstone Strategic Credit 2027 Term Fund in 2023 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 30 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

17% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 30

2% more funds holding

Funds holding: 97 → 99 (+2)

1.36% more ownership

Funds ownership: 51.84% → 53.2% (+1.4%)

3% more capital invested

Capital invested by funds: $253M → $261M (+$8M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
99
Holders Change
+2
Holders Change %
+2.06%
% of All Funds
1.57%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
10
Increased
35
Reduced
30
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
API
Advisor Partners II
California
+$3.78M
2
HighTower Advisors
HighTower Advisors
Illinois
+$3.4M
3
Allspring Global Investments
Allspring Global Investments
North Carolina
+$1.26M
4
AGM
Alpine Global Management
New York
+$1.08M
5
TCA
Transcend Capital Advisors
New Jersey
+$908K

Top Sellers

1
CBA
Coastal Bridge Advisors
Connecticut
-$3.36M
2
SCA
Snowden Capital Advisors
New York
-$808K
3
Morgan Stanley
Morgan Stanley
New York
-$565K
4
LSC
Logan Stone Capital
Illinois
-$483K
5
IWC
Integrated Wealth Concepts
Massachusetts
-$474K
Name Holding Trade Value Shares
Change 		Change in
Stake
TPWM
76
Twelve Points Wealth Management
Massachusetts
$143K -$4.87K -440 -3%
LNWWM
77
Laird Norton Wetherby Wealth Management
California
$137K – – –
SFS
78
Shaker Financial Services
Virginia
$132K +$133K +12,000 New
Susquehanna International Group
79
Susquehanna International Group
Pennsylvania
$125K +$126K +11,369 New
MWM
80
Melfa Wealth Management
Massachusetts
$123K – – –
SCA
81
Snowden Capital Advisors
New York
$121K -$808K -72,908 -87%
JSL
82
JT Stratford LLC
Georgia
$113K -$19.1K -1,725 -14%
BI
83
Bramshill Investments
Florida
$112K -$53.6K -4,837 -32%
MC
84
Meteora Capital
Florida
$110K – – –
GLLW
85
Graves Light Lenhart Wealth
Virginia
$109K – – –
RF
86
Robbins Farley
New Hampshire
$77.5K +$78.1K +7,051 New
Northwestern Mutual Wealth Management
87
Northwestern Mutual Wealth Management
Wisconsin
$71.6K +$6.97K +629 +11%
HCM
88
Horrell Capital Management
Arkansas
$55K – – –
Comerica Bank
89
Comerica Bank
Texas
$54.2K +$54.6K +4,928 New
Bessemer Group
90
Bessemer Group
New Jersey
$28K -$16K -1,441 -36%
PTC
91
Private Trust Company
Ohio
$19.8K – – –
MRCM
92
M&R Capital Management
New Jersey
$17.9K – – –
CSPIA
93
Cary Street Partners Investment Advisory
Virginia
$16.5K – – –
EC
94
Elequin Capital
New York
$9.77K +$9.85K +889 New
EBA
95
Eagle Bay Advisors
New York
$6.09K – – –
PNC Financial Services Group
96
PNC Financial Services Group
Pennsylvania
$5.5K – – –
TRCT
97
Tower Research Capital (TRC)
New York
$4.74K +$4.6K +415 +2,594%
GI
98
Gradient Investments
Minnesota
$3.02K – – –
HCP
99
Hexagon Capital Partners
Arkansas
$1.1K – – –
LSC
100
Logan Stone Capital
Illinois
– -$483K -44,152 Closed
1 2 3
4
5

BGB Hedge Fund Activity: Q3 2023 in Review

99 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2023, worth a combined $261M — up 3.2% from $253M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new BGB positions and 7 closed out — a net gain of 3 holders — while 35 added to existing stakes and 30 trimmed.

The largest buyer was Advisor Partners II, opening a new position worth an estimated $3.78M. The largest seller was Coastal Bridge Advisors, cutting an estimated $3.36M.

  • 99 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2023, up from 97 in Q2 2023.
  • Funds reported $261M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2023, up 3.2% quarter-over-quarter.
  • 10 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2023 and 7 closed out, a net change of +3 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2023 was Advisor Partners II, an estimated $3.78M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2023 was Coastal Bridge Advisors, an estimated $3.36M sold.

Based on aggregated 13F filings for Q3 2023.