Blackstone Strategic Credit 2027 Term Fund
BGB
90 hedge funds and large institutions have $248M invested in Blackstone Strategic Credit 2027 Term Fund in 2024 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 30 reducing their positions, and 8 closing their positions.
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
0.54% more ownership
Funds ownership: 44.83% → 45.37% (+0.54%)
0% more capital invested
Capital invested by funds: $247M → $248M (+$1.22M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less funds holding
Funds holding: 91 → 90 (-1)
20% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$14.8M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$3.6M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$2.06M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$855K |
| 5 |
LPL Financial
San Diego,
California
|
+$816K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$10.1M |
| 2 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
-$4.35M |
| 3 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
-$1.41M |
| 4 |
Morgan Stanley
New York
|
-$1.29M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.17M |
BGB Hedge Fund Activity: Q4 2024 in Review
90 of the 7,607 institutional investors tracked by Wall St. Rank reported a position in Blackstone Strategic Credit 2027 Term Fund (BGB) for Q4 2024, worth a combined $248M — up 0.5% from $247M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BGB positions and 8 closed out — a net gain of 2 holders — while 24 added to existing stakes and 30 trimmed.
The largest buyer was Bank of America, adding an estimated $14.8M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $10.1M sold.
- 90 institutional investors held Blackstone Strategic Credit 2027 Term Fund (BGB) as of Q4 2024, down from 91 in Q3 2024.
- Funds reported $248M of Blackstone Strategic Credit 2027 Term Fund stock for Q4 2024, up 0.5% quarter-over-quarter.
- 10 funds opened new Blackstone Strategic Credit 2027 Term Fund positions in Q4 2024 and 8 closed out, a net change of +2 holders.
- The largest Blackstone Strategic Credit 2027 Term Fund buyer in Q4 2024 was Bank of America, an estimated $14.8M added.
- The largest Blackstone Strategic Credit 2027 Term Fund seller in Q4 2024 was Rivernorth Capital Management, an estimated $10.1M sold.
Based on aggregated 13F filings for Q4 2024.