Blackstone Strategic Credit 2027 Term Fund
BGB
94 hedge funds and large institutions have $258M invested in Blackstone Strategic Credit 2027 Term Fund in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 33 increasing their positions, 22 reducing their positions, and 18 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 22
3% more capital invested
Capital invested by funds: $250M → $258M (+$8.01M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.18% less ownership
Funds ownership: 49.48% → 48.3% (-1.2%)
6% less funds holding
Funds holding: 100 → 94 (-6)
33% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$2.68M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.84M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.17M |
| 4 |
TCA
Transcend Capital Advisors
Madison,
New Jersey
|
+$1.11M |
| 5 |
Morgan Stanley
New York
|
+$1.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$11.3M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.88M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.04M |
| 4 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$1.02M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$972K |
BGB Hedge Fund Activity: Q1 2024 in Review
94 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q1 2024, worth a combined $258M — up 3.2% from $250M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of BGB and 12 opened new positions — a net loss of 6 holders — while 22 trimmed existing stakes and 33 added.
The largest buyer was Commonwealth Equity Services, adding an estimated $2.68M. The largest seller was Sit Investment Associates, cutting an estimated $11.3M.
- 94 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q1 2024, down from 100 in Q4 2023.
- Funds reported $258M of Blackstone Strategic Credit 2027 Term Fund stock for Q1 2024, up 3.2% quarter-over-quarter.
- 12 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q1 2024 and 18 closed out, a net change of -6 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q1 2024 was Commonwealth Equity Services, an estimated $2.68M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q1 2024 was Sit Investment Associates, an estimated $11.3M sold.
Based on aggregated 13F filings for Q1 2024.