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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

80 hedge funds and large institutions have $203M invested in Blackstone Strategic Credit 2027 Term Fund in 2025 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 25 increasing their positions, 32 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

7.83% less ownership

Funds ownership: 45.37% → 37.55% (-7.8%)

11% less funds holding

Funds holding: 90 → 80 (-10)

18% less capital invested

Capital invested by funds: $248M → $203M (-$45.3M)

22% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 32

64% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 14

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
80
Holders Change
-10
Holders Change %
-11.11%
% of All Funds
1.07%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
5
Increased
25
Reduced
32
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIA
Sit Investment Associates
Minnesota
+$4.07M
2
Bank of America
Bank of America
North Carolina
+$3.65M
3
Morgan Stanley
Morgan Stanley
New York
+$3.65M
4
RF
Robbins Farley
New Hampshire
+$1.4M
5
CAM
Cresset Asset Management
Illinois
+$1.24M

Top Sellers

1
CBA
Coastal Bridge Advisors
Connecticut
-$40M
2
Pathstone Holdings
Pathstone Holdings
New Jersey
-$6.34M
3
PCM
Penserra Capital Management
California
-$5.08M
4
TJHA
Thomas J. Herzfeld Advisors
Florida
-$2.02M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
RIL
76
Rothschild Investment LLC
Illinois
$9.42K – – –
JP Morgan Chase
77
JP Morgan Chase
New York
$1.09K -$3.81K -310 -78%
Jones Financial Companies
78
Jones Financial Companies
Missouri
$1.05K +$1.07K +87 New
BBPWM
79
Blue Bell Private Wealth Management
Pennsylvania
$1.03K – – –
TRCT
80
Tower Research Capital (TRC)
New York
$85 – – –
CBA
81
Coastal Bridge Advisors
Connecticut
– -$40M -3,272,608 Closed
PCM
82
Penserra Capital Management
California
– -$5.08M -415,359 Closed
TJHA
83
Thomas J. Herzfeld Advisors
Florida
– -$2.02M -165,122 Closed
JRCM
84
Jones Road Capital Management
New York
– -$486K -39,751 Closed
CL
85
Choreo LLC
Illinois
– -$466K -38,146 Closed
NCM
86
Next Capital Management
New York
– -$329K -26,899 Closed
NSAM
87
North Star Asset Management
Wisconsin
– -$143K -11,720 Closed
CCG
88
Catalina Capital Group
California
– -$143K -11,658 Closed
CIA
89
Concurrent Investment Advisors
Florida
– -$128K -10,479 Closed
Citadel Advisors
90
Citadel Advisors
Florida
– -$127K -10,355 Closed
Neuberger Berman Group
91
Neuberger Berman Group
New York
– -$123K -10,062 Closed
US Bancorp
92
US Bancorp
Minnesota
– -$44.6K -3,649 Closed
EBA
93
Eagle Bay Advisors
New York
– -$34.2K -2,800 Closed
WA
94
WPG Advisers
Maryland
– -$550 -45 Closed
1 2 3
4

BGB Hedge Fund Activity: Q1 2025 in Review

80 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q1 2025, worth a combined $203M — down 18% from $248M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BGB and 5 opened new positions — a net loss of 9 holders — while 32 trimmed existing stakes and 25 added.

The largest buyer was Sit Investment Associates, opening a new position worth an estimated $4.07M. The largest seller was Coastal Bridge Advisors, exiting entirely with an estimated $40M sold.

  • 80 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q1 2025, down from 90 in Q4 2024.
  • Funds reported $203M of Blackstone Strategic Credit 2027 Term Fund stock for Q1 2025, down 18% quarter-over-quarter.
  • 5 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q1 2025 and 14 closed out, a net change of -9 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q1 2025 was Sit Investment Associates, an estimated $4.07M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q1 2025 was Coastal Bridge Advisors, an estimated $40M sold.

Based on aggregated 13F filings for Q1 2025.