Blackstone Strategic Credit 2027 Term Fund
BGB
86 hedge funds and large institutions have $257M invested in Blackstone Strategic Credit 2027 Term Fund in 2021 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 19 increasing their positions, 24 reducing their positions, and 11 closing their positions.
100% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 11
12% more funds holding
Funds holding: 77 → 86 (+9)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.5% less ownership
Funds ownership: 42.89% → 42.38% (-0.5%)
3% less capital invested
Capital invested by funds: $265M → $257M (-$8.68M)
21% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$17.2M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.83M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.4M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.11M |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$17.3M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$5.64M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.91M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.64M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.27M |
BGB Hedge Fund Activity: Q4 2021 in Review
86 of the 6,518 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2021, worth a combined $257M — down 3.3% from $265M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new BGB positions and 11 closed out — a net gain of 11 holders — while 19 added to existing stakes and 24 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $17.2M. The largest seller was Saba Capital Management, cutting an estimated $17.3M.
- 86 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2021, up from 77 in Q3 2021.
- Funds reported $257M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2021, down 3.3% quarter-over-quarter.
- 22 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2021 and 11 closed out, a net change of +11 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2021 was Sit Investment Associates, an estimated $17.2M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2021 was Saba Capital Management, an estimated $17.3M sold.
Based on aggregated 13F filings for Q4 2021.