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
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$7.02M |
| 2 |
Morgan Stanley
New York
|
+$2.87M |
| 3 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$1.31M |
| 4 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$1.23M |
| 5 |
SCM
Saba Capital Management
New York
|
+$932K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.74M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.53M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.4M |
| 4 |
SPIA
Steward Partners Investment Advisory
New York
|
-$1.3M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$993K |
BGB Hedge Fund Activity: Q4 2022 in Review
96 of the 6,237 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.