Blackstone Strategic Credit 2027 Term Fund
BGB
100 hedge funds and large institutions have $250M invested in Blackstone Strategic Credit 2027 Term Fund in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 33 increasing their positions, 26 reducing their positions, and 12 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 26
25% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 12
1% more funds holding
Funds holding: 99 → 100 (+1)
4% less capital invested
Capital invested by funds: $261M → $250M (-$11.3M)
3.72% less ownership
Funds ownership: 53.2% → 49.48% (-3.7%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$2.45M |
| 2 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$2M |
| 3 |
TCA
Transcend Capital Advisors
Madison,
New Jersey
|
+$1.94M |
| 4 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
+$1.16M |
| 5 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$18.7M |
| 2 |
Morgan Stanley
New York
|
-$9.91M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$7.35M |
| 4 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$1.65M |
| 5 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$1.45M |
BGB Hedge Fund Activity: Q4 2023 in Review
100 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2023, worth a combined $250M — down 4.3% from $261M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new BGB positions and 12 closed out — a net gain of 3 holders — while 33 added to existing stakes and 26 trimmed.
The largest buyer was LPL Financial, adding an estimated $2.45M. The largest seller was Atlas Wealth, exiting entirely with an estimated $18.7M sold.
- 100 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2023, up from 99 in Q3 2023.
- Funds reported $250M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2023, down 4.3% quarter-over-quarter.
- 15 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2023 and 12 closed out, a net change of +3 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2023 was LPL Financial, an estimated $2.45M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2023 was Atlas Wealth, an estimated $18.7M sold.
Based on aggregated 13F filings for Q4 2023.