Blackstone Strategic Credit 2027 Term Fund
BGB
94 hedge funds and large institutions have $258M invested in Blackstone Strategic Credit 2027 Term Fund in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 32 increasing their positions, 23 reducing their positions, and 18 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 23
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 100 → 94 (-6)
6.27% less ownership
Funds ownership: 54.57% → 48.3% (-6.3%)
6% less capital invested
Capital invested by funds: $275M → $258M (-$17.7M)
33% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$2.68M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.84M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.17M |
| 4 |
TCA
Transcend Capital Advisors
Madison,
New Jersey
|
+$1.11M |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
+$965K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$25.4M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$11.3M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.88M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.04M |
| 5 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$1.02M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BW
101
Bison Wealth
Atlanta,
Georgia
| – | -$308K | -27,229 | Closed |
|
102
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$204K | -17,987 | Closed |
|
103
JP Morgan Chase
New York
| – | -$177K | -15,612 | Closed |
|
|
AC
104
Aristides Capital
Louisville,
Kentucky
| – | -$169K | -14,962 | Closed |
|
|
AGA
105
Accuvest Global Advisors
Provo,
Utah
| – | -$168K | -14,863 | Closed |
|
|
CAS
106
CTC Alternative Strategies
Chicago,
Illinois
| – | -$139K | -12,320 | Closed |
|
107
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$67.6K | -5,968 | Closed |
|
|
EC
108
Elequin Capital
New York
| – | -$21.1K | -1,866 | Closed |
|
|
MRCM
109
M&R Capital Management
Summit,
New Jersey
| – | -$18.4K | -1,625 | Closed |
|
|
TC
110
Truvestments Capital
Sarasota,
Florida
| – | -$11.3K | -1,000 | Closed |
|
|
GI
111
Gradient Investments
Arden Hills,
Minnesota
| – | -$6.85K | -605 | Closed |
|
|
TRCT
112
Tower Research Capital (TRC)
New York
| – | -$79 | -7 | Closed |
|
BGB Hedge Fund Activity: Q1 2024 in Review
94 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q1 2024, worth a combined $258M — down 6.4% from $275M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of BGB and 12 opened new positions — a net loss of 6 holders — while 23 trimmed existing stakes and 32 added.
The largest buyer was Commonwealth Equity Services, adding an estimated $2.68M. The largest seller was Morgan Stanley, cutting an estimated $25.4M.
- 94 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q1 2024, down from 100 in Q4 2023.
- Funds reported $258M of Blackstone Strategic Credit 2027 Term Fund stock for Q1 2024, down 6.4% quarter-over-quarter.
- 12 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q1 2024 and 18 closed out, a net change of -6 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q1 2024 was Commonwealth Equity Services, an estimated $2.68M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q1 2024 was Morgan Stanley, an estimated $25.4M sold.
Based on aggregated 13F filings for Q1 2024.