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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

80 hedge funds and large institutions have $238M invested in Blackstone Strategic Credit 2027 Term Fund in 2026 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 29 increasing their positions, 27 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.3% more ownership

Funds ownership: 45.96% → 47.27% (+1.3%)

7% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 27

2% less capital invested

Capital invested by funds: $242M → $238M (-$4.1M)

10% less funds holding

Funds holding: 89 → 80 (-9)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

57% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 14

Holders
80
Holders Change
-9
Holders Change %
-10.11%
% of All Funds
0.98%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.02%
New
6
Increased
29
Reduced
27
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIA
Sit Investment Associates
Minnesota
+$8.4M
2
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
+$4.96M
3
AC
Almitas Capital
California
+$1.67M
4
LSC
Logan Stone Capital
Illinois
+$1.37M
5
Raymond James Financial
Raymond James Financial
Florida
+$1.04M

Top Sellers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.79M
2
LC
Lalia Capital
New York
-$1.75M
3
SFS
Shaker Financial Services
Virginia
-$1.62M
4
SPIA
Steward Partners Investment Advisory
New York
-$1.44M
5
Wells Fargo
Wells Fargo
California
-$868K
Name Holding Trade Value Shares
Change 		Change in
Stake
RIL
76
Rothschild Investment LLC
Illinois
$8.7K – – –
NWMP
77
Noble Wealth Management PBC
Colorado
$6.69K -$65.5K -5,675 -90%
FGAM
78
Financial Gravity Asset Management
Texas
$5.58K – – –
BBPWM
79
Blue Bell Private Wealth Management
Pennsylvania
$2.29K – – –
HNB
80
Huntington National Bank
Ohio
$736 – – –
TRCT
81
Tower Research Capital (TRC)
New York
$190 +$81 +7 +70%
LC
82
Lalia Capital
New York
– -$1.75M -148,800 Closed
SFS
83
Shaker Financial Services
Virginia
– -$1.62M -136,680 Closed
First Trust Advisors
84
First Trust Advisors
Illinois
– -$636K -53,958 Closed
RAM
85
Readystate Asset Management
Illinois
– -$238K -20,226 Closed
Millennium Management
86
Millennium Management
New York
– -$216K -18,361 Closed
PWM
87
Perigon Wealth Management
California
– -$193K -16,349 Closed
Janney Montgomery Scott
88
Janney Montgomery Scott
Pennsylvania
– -$138K -11,700 Closed
SIG
89
Spinnaker Investment Group
California
– -$135K -11,428 Closed
XT
90
XTX Topco
Cayman Islands
– -$133K -11,323 Closed
Cetera Investment Advisers
91
Cetera Investment Advisers
Illinois
– -$120K -10,218 Closed
ACM
92
Adalta Capital Management
New York
– -$119K -10,000 Closed
KAS
93
Kestra Advisory Services
Texas
– -$35.3K -3,000 Closed
EBA
94
Eagle Bay Advisors
New York
– -$33.2K -2,800 Closed
Northwestern Mutual Wealth Management
95
Northwestern Mutual Wealth Management
Wisconsin
– -$10.3K -875 Closed
1 2 3
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BGB Hedge Fund Activity: Q1 2026 in Review

80 of the 8,125 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q1 2026, worth a combined $238M — down 1.7% from $242M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BGB and 6 opened new positions — a net loss of 8 holders — while 27 trimmed existing stakes and 29 added.

The largest buyer was Sit Investment Associates, adding an estimated $8.4M. The largest seller was Royal Bank of Canada, cutting an estimated $1.79M.

  • 80 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q1 2026, down from 89 in Q4 2025.
  • Funds reported $238M of Blackstone Strategic Credit 2027 Term Fund stock for Q1 2026, down 1.7% quarter-over-quarter.
  • 6 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q1 2026 and 14 closed out, a net change of -8 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q1 2026 was Sit Investment Associates, an estimated $8.4M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q1 2026 was Royal Bank of Canada, an estimated $1.79M sold.

Based on aggregated 13F filings for Q1 2026.