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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

100 hedge funds and large institutions have $275M invested in Blackstone Strategic Credit 2027 Term Fund in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 34 increasing their positions, 25 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 25

25% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 12

6% more capital invested

Capital invested by funds: $261M → $275M (+$14.4M)

1.37% more ownership

Funds ownership: 53.2% → 54.57% (+1.4%)

1% more funds holding

Funds holding: 99 → 100 (+1)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
100
Holders Change
+1
Holders Change %
+1.01%
% of All Funds
1.46%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
15
Increased
34
Reduced
25
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$15M
2
LPL Financial
LPL Financial
California
+$2.45M
3
CBA
Coastal Bridge Advisors
Connecticut
+$2M
4
TCA
Transcend Capital Advisors
New Jersey
+$1.94M
5
TI
Tidal Investments
Wisconsin
+$1.16M

Top Sellers

1
AW
Atlas Wealth
Ohio
-$18.7M
2
Allspring Global Investments
Allspring Global Investments
North Carolina
-$7.35M
3
VCM
Vivaldi Capital Management
Illinois
-$1.65M
4
IWC
Integrated Wealth Concepts
Massachusetts
-$1.45M
5
GC
Guggenheim Capital
Illinois
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
CCFM
76
Clear Creek Financial Management
Washington
$161K +$156K +14,250 New
NFG
77
Nations Financial Group
Iowa
$153K – – –
LNWWM
78
Laird Norton Wetherby Wealth Management
California
$142K – – –
CAS
79
CTC Alternative Strategies
Illinois
$139K +$135K +12,320 New
IAA
80
Ironsides Asset Advisors
North Carolina
$138K -$17.3K -1,580 -11%
TPWM
81
Twelve Points Wealth Management
Massachusetts
$138K -$9.22K -840 -6%
MWM
82
Melfa Wealth Management
Massachusetts
$126K – – –
SCA
83
Snowden Capital Advisors
New York
$126K +$922 +84 +0.8%
BI
84
Bramshill Investments
Florida
$115K – – –
GLLW
85
Graves Light Lenhart Wealth
Virginia
$113K – – –
RF
86
Robbins Farley
New Hampshire
$79.8K – – –
Northwestern Mutual Wealth Management
87
Northwestern Mutual Wealth Management
Wisconsin
$67.6K -$6.04K -550 -8%
HCM
88
Horrell Capital Management
Arkansas
$57K – – –
Comerica Bank
89
Comerica Bank
Texas
$47.2K -$8.32K -758 -15%
Bessemer Group
90
Bessemer Group
New Jersey
$29K – – –
EC
91
Elequin Capital
New York
$21.1K +$10.7K +977 +110%
PTC
92
Private Trust Company
Ohio
$20.4K – – –
MRCM
93
M&R Capital Management
New Jersey
$18.4K – – –
TC
94
Truvestments Capital
Florida
$11.3K +$11K +1,000 New
RIL
95
Rothschild Investment LLC
Illinois
$8.83K +$8.56K +780 New
GI
96
Gradient Investments
Minnesota
$6.85K +$3.62K +330 +120%
PNC Financial Services Group
97
PNC Financial Services Group
Pennsylvania
$5.66K – – –
HCP
98
Hexagon Capital Partners
Arkansas
$1.13K – – –
BBPWM
99
Blue Bell Private Wealth Management
Pennsylvania
$962 +$933 +85 New
TRCT
100
Tower Research Capital (TRC)
New York
$79 -$4.65K -424 -98%
1 2 3
4
5

BGB Hedge Fund Activity: Q4 2023 in Review

100 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2023, worth a combined $275M — up 5.5% from $261M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new BGB positions and 12 closed out — a net gain of 3 holders — while 34 added to existing stakes and 25 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $15M. The largest seller was Atlas Wealth, exiting entirely with an estimated $18.7M sold.

  • 100 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2023, up from 99 in Q3 2023.
  • Funds reported $275M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2023, up 5.5% quarter-over-quarter.
  • 15 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2023 and 12 closed out, a net change of +3 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2023 was Morgan Stanley, an estimated $15M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2023 was Atlas Wealth, an estimated $18.7M sold.

Based on aggregated 13F filings for Q4 2023.