Blackstone Strategic Credit 2027 Term Fund
BGB
97 hedge funds and large institutions have $253M invested in Blackstone Strategic Credit 2027 Term Fund in 2023 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 30 increasing their positions, 30 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
5% more funds holding
Funds holding: 92 → 97 (+5)
10% more capital inflows, than outflows
Capital inflows: $15.7M | Capital outflows: $14.3M
0.29% more ownership
Funds ownership: 51.55% → 51.84% (+0.29%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$2.16M |
| 2 |
MFG
Merit Financial Group
Alpharetta,
Georgia
|
+$2.06M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$1.36M |
| 4 |
Morgan Stanley
New York
|
+$1.22M |
| 5 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$5.45M |
| 2 |
SCM
Saba Capital Management
New York
|
-$1.47M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$961K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$730K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$669K |
BGB Hedge Fund Activity: Q2 2023 in Review
97 of the 6,387 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q2 2023, worth a combined $253M — up 3.1% from $245M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BGB positions and 7 closed out — a net gain of 5 holders — while 30 added to existing stakes and 30 trimmed.
The largest buyer was Integrated Wealth Concepts, adding an estimated $2.16M. The largest seller was Oaktree Capital Management, exiting entirely with an estimated $5.45M sold.
- 97 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q2 2023, up from 92 in Q1 2023.
- Funds reported $253M of Blackstone Strategic Credit 2027 Term Fund stock for Q2 2023, up 3.1% quarter-over-quarter.
- 12 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q2 2023 and 7 closed out, a net change of +5 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q2 2023 was Integrated Wealth Concepts, an estimated $2.16M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q2 2023 was Oaktree Capital Management, an estimated $5.45M sold.
Based on aggregated 13F filings for Q2 2023.