Blackstone Strategic Credit 2027 Term Fund
BGB
99 hedge funds and large institutions have $261M invested in Blackstone Strategic Credit 2027 Term Fund in 2023 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 30 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
17% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 30
2% more funds holding
Funds holding: 97 → 99 (+2)
1.36% more ownership
Funds ownership: 51.84% → 53.2% (+1.4%)
3% more capital invested
Capital invested by funds: $253M → $261M (+$8M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
API
Advisor Partners II
Walnut Creek,
California
|
+$3.78M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$3.4M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$1.26M |
| 4 |
AGM
Alpine Global Management
New York
|
+$1.08M |
| 5 |
TCA
Transcend Capital Advisors
Madison,
New Jersey
|
+$908K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
-$3.36M |
| 2 |
SCA
Snowden Capital Advisors
New York
|
-$808K |
| 3 |
Morgan Stanley
New York
|
-$565K |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$483K |
| 5 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$474K |
BGB Hedge Fund Activity: Q3 2023 in Review
99 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q3 2023, worth a combined $261M — up 3.2% from $253M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BGB positions and 7 closed out — a net gain of 3 holders — while 35 added to existing stakes and 30 trimmed.
The largest buyer was Advisor Partners II, opening a new position worth an estimated $3.78M. The largest seller was Coastal Bridge Advisors, cutting an estimated $3.36M.
- 99 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q3 2023, up from 97 in Q2 2023.
- Funds reported $261M of Blackstone Strategic Credit 2027 Term Fund stock for Q3 2023, up 3.2% quarter-over-quarter.
- 10 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q3 2023 and 7 closed out, a net change of +3 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q3 2023 was Advisor Partners II, an estimated $3.78M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q3 2023 was Coastal Bridge Advisors, an estimated $3.36M sold.
Based on aggregated 13F filings for Q3 2023.