Blackstone Strategic Credit 2027 Term Fund
BGB
96 hedge funds and large institutions have $241M invested in Blackstone Strategic Credit 2027 Term Fund in 2022 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 36 increasing their positions, 23 reducing their positions, and 8 closing their positions.
113% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 8
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
57% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 23
10% more capital invested
Capital invested by funds: $219M → $241M (+$22M)
9% more funds holding
Funds holding: 88 → 96 (+8)
5.13% more ownership
Funds ownership: 46.13% → 51.26% (+5.1%)
Top Buyers
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FWM
101
Foresight Wealth Management
Draper,
Utah
| – | -$160K | -15,082 | Closed |
|
102
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$151K | -14,196 | Closed |
|
103
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$139K | -13,050 | Closed |
|
|
WWMSC
104
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
| – | -$23K | -2,200 | Closed |
|
|
IA
105
IFP Advisors
Tampa,
Florida
| – | -$1K | -29 | Closed |
|
BGB Hedge Fund Activity: Q4 2022 in Review
96 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2022, worth a combined $241M — up 10% from $219M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new BGB positions and 8 closed out — a net gain of 9 holders — while 36 added to existing stakes and 23 trimmed.
The largest buyer was Integrated Wealth Concepts, opening a new position worth an estimated $7.02M. The largest seller was Guggenheim Capital, cutting an estimated $2.74M.
- 96 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2022, up from 88 in Q3 2022.
- Funds reported $241M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2022, up 10% quarter-over-quarter.
- 17 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2022 and 8 closed out, a net change of +9 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2022 was Integrated Wealth Concepts, an estimated $7.02M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2022 was Guggenheim Capital, an estimated $2.74M sold.
Based on aggregated 13F filings for Q4 2022.