Blackstone Strategic Credit 2027 Term Fund
BGB
93 hedge funds and large institutions have $266M invested in Blackstone Strategic Credit 2027 Term Fund in 2024 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 35 reducing their positions, and 8 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
1.8% more ownership
Funds ownership: 48.3% → 50.1% (+1.8%)
3% more capital invested
Capital invested by funds: $258M → $266M (+$8.59M)
1% less funds holding
Funds holding: 94 → 93 (-1)
26% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$20.1M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$4.63M |
| 3 |
Pathstone Holdings
Englewood,
New Jersey
|
+$4.51M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$2.82M |
| 5 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$1.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$7.83M |
| 2 |
Morgan Stanley
New York
|
-$5.25M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.18M |
| 4 |
AGM
Alpine Global Management
New York
|
-$2.15M |
| 5 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
-$1.41M |
BGB Hedge Fund Activity: Q2 2024 in Review
93 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q2 2024, worth a combined $266M — up 3.3% from $258M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BGB positions and 8 closed out — a net gain of 2 holders — while 26 added to existing stakes and 35 trimmed.
The largest buyer was Atlas Wealth, opening a new position worth an estimated $20.1M. The largest seller was City of London Investment Management, cutting an estimated $7.83M.
- 93 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q2 2024, down from 94 in Q1 2024.
- Funds reported $266M of Blackstone Strategic Credit 2027 Term Fund stock for Q2 2024, up 3.3% quarter-over-quarter.
- 10 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q2 2024 and 8 closed out, a net change of +2 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q2 2024 was Atlas Wealth, an estimated $20.1M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q2 2024 was City of London Investment Management, an estimated $7.83M sold.
Based on aggregated 13F filings for Q2 2024.