Blackstone Strategic Credit 2027 Term Fund
BGB
92 hedge funds and large institutions have $245M invested in Blackstone Strategic Credit 2027 Term Fund in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 37 increasing their positions, 25 reducing their positions, and 12 closing their positions.
48% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 25
2% more capital invested
Capital invested by funds: $241M → $245M (+$4.34M)
0.29% more ownership
Funds ownership: 51.26% → 51.55% (+0.29%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less funds holding
Funds holding: 96 → 92 (-4)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$2.12M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$2M |
| 3 |
Morgan Stanley
New York
|
+$1.81M |
| 4 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$1.22M |
| 5 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$1.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$10.2M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$666K |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$607K |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$463K |
| 5 |
MC
Meteora Capital
Boca Raton,
Florida
|
-$422K |
BGB Hedge Fund Activity: Q1 2023 in Review
92 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q1 2023, worth a combined $245M — up 1.8% from $241M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of BGB and 9 opened new positions — a net loss of 3 holders — while 25 trimmed existing stakes and 37 added.
The largest buyer was Penserra Capital Management, adding an estimated $2.12M. The largest seller was Guggenheim Capital, cutting an estimated $10.2M.
- 92 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q1 2023, down from 96 in Q4 2022.
- Funds reported $245M of Blackstone Strategic Credit 2027 Term Fund stock for Q1 2023, up 1.8% quarter-over-quarter.
- 9 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q1 2023 and 12 closed out, a net change of -3 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q1 2023 was Penserra Capital Management, an estimated $2.12M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q1 2023 was Guggenheim Capital, an estimated $10.2M sold.
Based on aggregated 13F filings for Q1 2023.