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BGB

Blackstone Strategic Credit 2027 Term Fund
BGB

87 hedge funds and large institutions have $225M invested in Blackstone Strategic Credit 2027 Term Fund in 2022 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 26 increasing their positions, 24 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

129% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 7

9% more funds holding

Funds holding: 80 → 87 (+7)

2.23% more ownership

Funds ownership: 42.76% → 44.99% (+2.2%)

8% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 24

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

10% less capital invested

Capital invested by funds: $250M → $225M (-$25.7M)

Holders
87
Holders Change
+7
Holders Change %
+8.75%
% of All Funds
1.47%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
16
Increased
26
Reduced
24
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$7.94M
2
CBA
Coastal Bridge Advisors
Connecticut
+$4.25M
3
OCM
Oaktree Capital Management
California
+$4.21M
4
COLIM
City of London Investment Management
United Kingdom
+$3.89M
5
Allspring Global Investments
Allspring Global Investments
North Carolina
+$2.07M

Top Sellers

1
RJA
Raymond James & Associates
Florida
-$4M
2
Bank of America
Bank of America
North Carolina
-$2.28M
3
SIA
Sit Investment Associates
Minnesota
-$1.36M
4
GC
Guggenheim Capital
Illinois
-$768K
5
Stifel Financial
Stifel Financial
Missouri
-$589K
Name Holding Trade Value Shares
Change 		Change in
Stake
CBA
1
Coastal Bridge Advisors
Connecticut
$42.3M +$4.25M +353,095 +10%
Morgan Stanley
2
Morgan Stanley
New York
$30.2M +$7.94M +660,678 +32%
GC
3
Guggenheim Capital
Illinois
$23.5M -$768K -63,857 -3%
Bank of America
4
Bank of America
North Carolina
$17.4M -$2.28M -189,915 -11%
SIA
5
Sit Investment Associates
Minnesota
$17.2M -$1.36M -113,284 -7%
Wells Fargo
6
Wells Fargo
California
$11.7M +$471K +39,152 +4%
RCM
7
Rivernorth Capital Management
Florida
$10.3M +$167K +13,847 +2%
PCM
8
Penserra Capital Management
California
$6.97M -$125K -10,365 -2%
COLIM
9
City of London Investment Management
United Kingdom
$5.42M +$3.89M +323,093 +199%
Allspring Global Investments
10
Allspring Global Investments
North Carolina
$4.31M +$2.07M +172,468 +81%
OCM
11
Oaktree Capital Management
California
$3.91M +$4.21M +350,000 New
CIA
12
Capital Investment Advisors
Georgia
$3.62M -$133K -11,060 -3%
HWAM
13
Hennion & Walsh Asset Management
New Jersey
$3.19M +$67.2K +5,590 +2%
SFS
14
Shaker Financial Services
Virginia
$2.89M +$170K +14,109 +6%
Invesco
15
Invesco
Georgia
$2.79M +$27.6K +2,296 +0.9%
UBS Group
16
UBS Group
Switzerland
$2.52M -$206K -17,134 -7%
SPIA
17
Steward Partners Investment Advisory
New York
$2.5M +$333K +27,692 +14%
NCM
18
Next Capital Management
New York
$2.46M +$1.54M +127,980 +139%
First Trust Advisors
19
First Trust Advisors
Illinois
$2.45M -$12.2K -1,012 -0.5%
AAM
20
Advisors Asset Management
Colorado
$1.97M +$933K +77,550 +79%
Thrivent Financial for Lutherans
21
Thrivent Financial for Lutherans
Minnesota
$1.75M +$673K +56,000 +56%
LSC
22
Logan Stone Capital
Illinois
$1.51M +$1.62M +135,084 New
IA
23
Icon Advisers
Colorado
$1.46M +$816K +67,866 +108%
Commonwealth Equity Services
24
Commonwealth Equity Services
Massachusetts
$1.45M +$182K +15,131 +13%
CAM
25
Cresset Asset Management
Illinois
$1.27M +$1.37M +113,540 New
1
2 3 4

BGB Hedge Fund Activity: Q2 2022 in Review

87 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q2 2022, worth a combined $225M — down 10% from $250M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new BGB positions and 7 closed out — a net gain of 9 holders — while 26 added to existing stakes and 24 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $7.94M. The largest seller was Raymond James & Associates, cutting an estimated $4M.

  • 87 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q2 2022, up from 80 in Q1 2022.
  • Funds reported $225M of Blackstone Strategic Credit 2027 Term Fund stock for Q2 2022, down 10% quarter-over-quarter.
  • 16 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q2 2022 and 7 closed out, a net change of +9 holders.
  • The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q2 2022 was Morgan Stanley, an estimated $7.94M added.
  • The largest Blackstone Strategic Credit 2027 Term Fund seller in Q2 2022 was Raymond James & Associates, an estimated $4M sold.

Based on aggregated 13F filings for Q2 2022.