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.
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)
Top Buyers
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
JP Morgan Chase
New York
| – | -$312K | -28,578 | Closed |
|
|
RIL
102
Rothschild Investment LLC
Chicago,
Illinois
| – | -$282K | -25,780 | Closed |
|
103
Rockefeller Capital Management
New York
| – | -$273K | -25,010 | Closed |
|
|
LCM
104
Landscape Capital Management
Englewood,
New Jersey
| – | -$192K | -17,523 | Closed |
|
105
Walleye Capital
New York
| – | -$115K | -10,493 | Closed |
|
|
PFPT
106
Pinnacle Financial Partners (Tennessee)
Nashville,
Tennessee
| – | -$24.4K | -2,234 | Closed |
|
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.