BLACKSTONE STRATEGIC CRED 20 BGB
COM SHS BEN IN · Closed-End Fund · CUSIP 09257R101
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($78.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.08.
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 90 |
| Q4 2022 | 97 |
| Q1 2023 | 94 |
| Q2 2023 | 98 |
| Q3 2023 | 100 |
| Q4 2023 | 101 |
| Q1 2024 | 93 |
| Q2 2024 | 94 |
| Q3 2024 | 92 |
| Q4 2024 | 91 |
| Q1 2025 | 82 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 40 | 38 |
| Q3 2023 | 45 | 37 |
| Q4 2023 | 46 | 37 |
| Q1 2024 | 43 | 41 |
| Q2 2024 | 34 | 43 |
| Q3 2024 | 43 | 36 |
| Q4 2024 | 31 | 39 |
| Q1 2025 | 30 | 46 |
Biggest buyers
| SIT INVESTMENT ASSOCIATES INC | New | +330.9k |
| BANK OF AMERICA CORP /DE/ | Added | +297.3k |
| MORGAN STANLEY | Added | +296.9k |
| Robbins Farley | Added | +113.6k |
| Cresset Asset Management, LLC | Added | +101.0k |
| Invesco Ltd. | Added | +76.1k |
| Advisors Asset Management, Inc. | Added | +74.9k |
| ROYAL BANK OF CANADA | Added | +54.1k |
| WELLS FARGO & COMPANY/MN | Added | +43.6k |
| Shaker Financial Services, LLC | Added | +39.2k |
Biggest sellers
| Pathstone Holdings, LLC | Reduced | -516.1k |
| Penserra Capital Management LLC | Sold out | -415.4k |
| Thomas J. Herzfeld Advisors, Inc. | Sold out | -165.1k |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -145.8k |
| GUGGENHEIM CAPITAL LLC | Reduced | -84.4k |
| Coastal Bridge Advisors, LLC | Reduced | -71.5k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Reduced | -67.0k |
| Integrated Wealth Concepts LLC | Reduced | -57.9k |
| FIRST TRUST ADVISORS LP | Reduced | -57.6k |
| JONES ROAD CAPITAL MANAGEMENT, L.P. | Sold out | -39.8k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| SIT INVESTMENT ASSOCIATES INC 13G · institution new · filed 2026-04-06 | 6.2% |
| MORGAN STANLEY 13G · institution new · filed 2026-08-13 | 5.7% |
| Coastal Bridge Advisors, LLC 13G · passive investor new · filed 2026-10-09 | 5.1% |
Fell to 5% or below in the last year: BANK OF AMERICA CORP /DE/ (4.4%, 2026-02-12)
Insider purchases and sales in Q1 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 1 | $1.3k | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| Coastal Bridge Advisors, LLC 5.53% of their portfolio | 3.2m $38.7m | Reduced -71.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.6m $31.8m | Added +297.3k |
| MORGAN STANLEY 0.00% of their portfolio | 2.1m $25.2m | Added +296.9k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 1.9m $22.8m | Added +43.6k |
| Pathstone Holdings, LLC 0.07% of their portfolio | 1.4m $17.0m | Reduced -516.1k |
| HighTower Advisors, LLC 0.01% of their portfolio | 875.3k $10.6m | Added +6.4k |
| Advisors Asset Management, Inc. 0.18% of their portfolio | 814.0k $9.8m | Added +74.9k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 743.9k $9.0m | Added +22.0k |
| TRANSCEND CAPITAL ADVISORS, LLC 0.47% of their portfolio | 537.0k $6.5m | Reduced -20.7k |
| GUGGENHEIM CAPITAL LLC 0.06% of their portfolio | 507.9k $6.1m | Reduced -84.4k |
| UBS Group AG 0.00% of their portfolio | 431.0k $5.2m | Added +26.7k |
| Integrated Wealth Concepts LLC 0.06% of their portfolio | 429.7k $5.2m | Reduced -57.9k |
| SIT INVESTMENT ASSOCIATES INC 0.09% of their portfolio | 330.9k $4.0m | New |
| Invesco Ltd. 0.00% of their portfolio | 329.7k $4.0m | Added +76.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 282.4k $3.4m | Added +54.1k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 277.0k $3.3m | Reduced -300 |
| LPL Financial LLC 0.00% of their portfolio | 248.2k $3.0m | Reduced -12.7k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.31% of their portfolio | 241.2k $2.9m | Reduced -67.0k |
| Cresset Asset Management, LLC 0.01% of their portfolio | 214.6k $2.6m | Added +101.0k |
| Merit Financial Group, LLC 0.04% of their portfolio | 210.7k $2.5m | Reduced -134 |
| Capital Investment Advisors, LLC 0.05% of their portfolio | 207.9k $2.5m | Reduced -4.6k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 186.2k $2.2m | Unchanged |
| Steward Partners Investment Advisory, LLC 0.01% of their portfolio | 136.8k $1.7m | Added +14.0k |
| Shaker Financial Services, LLC 0.59% of their portfolio | 124.8k $1.5m | Added +39.2k |
| Robbins Farley 0.77% of their portfolio | 120.0k $1.4m | Added +113.6k |
| Tranquility Partners, LLC 0.54% of their portfolio | 115.8k $1.4m | Reduced -3.5k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 110.8k $1.3m | Reduced -1.6k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 103.0k $1.2m | Reduced -57.6k |
| CARY STREET PARTNERS FINANCIAL LLC 0.03% of their portfolio | 85.4k $1.0m | Reduced -1.1k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 74.4k $899.3k | Added +3.8k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 63.3k $764.6k | Reduced -3.6k |
| NewEdge Advisors, LLC 0.00% of their portfolio | 63.2k $763.3k | Added +7.0k |
| Lido Advisors, LLC 0.00% of their portfolio | 56.8k $686.7k | Unchanged |
| Stolper Co 0.22% of their portfolio | 56.8k $686.0k | Added +649 |
| INVICTUS PRIVATE WEALTH, LLC 0.05% of their portfolio | 56.3k $680.6k | Added +1.6k |
| Oder Investment Management, LLC 0.52% of their portfolio | 50.2k $606.4k | Reduced -3.9k |
| Selway Asset Management 0.23% of their portfolio | 47.0k $567.8k | Reduced -4.9k |
| READYSTATE ASSET MANAGEMENT LP 0.02% of their portfolio | 38.8k $468.7k | New |
| ROBINSON CAPITAL MANAGEMENT, LLC 0.18% of their portfolio | 36.9k $445.6k | Reduced -5.0k |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 28.4k $343.6k | Added +2.5k |
| DAVENPORT & Co LLC 0.00% of their portfolio | 27.8k $336.1k | Reduced -1.2k |
| Cetera Investment Advisers 0.00% of their portfolio | 26.8k $324.2k | Reduced -7.3k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 25.9k $312.4k | Added +5.6k |
| Perigon Wealth Management, LLC 0.01% of their portfolio | 23.5k $284.3k | Reduced -1.9k |
| Advisory Services Network, LLC 0.01% of their portfolio | 22.7k $273.9k | Reduced -6.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 22.6k $272.4k | Reduced -145.8k |
| Kingsview Wealth Management, LLC 0.01% of their portfolio | 22.1k $267.2k | Added +4.0k |
| BTG Pactual Asset Management US LLC 0.03% of their portfolio | 20.9k $252.2k | Added +1.5k |
| Round Rock Advisors LLC 0.05% of their portfolio | 20.7k $250.6k | Unchanged |
| Snowden Capital Advisors LLC 0.01% of their portfolio | 19.4k $233.8k | Unchanged |
| Moors & Cabot, Inc. 0.01% of their portfolio | 19.2k $231.6k | Added +4.7k |
| WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC 0.08% of their portfolio | 19.1k $230.4k | Unchanged |
| INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio | 18.4k $221.8k | Reduced -20.8k |
| Summit Financial Wealth Advisors, LLC 0.04% of their portfolio | 18.1k $218.6k | Unchanged |
| Avior Wealth Management, LLC 0.01% of their portfolio | 18.1k $218.2k | Reduced -4.1k |
| Essex Financial Services, Inc. 0.01% of their portfolio | 16.6k $201.0k | Added +105 |
| Apollon Wealth Management, LLC 0.00% of their portfolio | 15.8k $190.8k | Added +3.7k |
| Sanctuary Advisors, LLC 0.00% of their portfolio | 13.5k $163.4k | Reduced -3.5k |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.01% of their portfolio | 13.5k $162.8k | Unchanged |
| Keystone Financial Group 0.02% of their portfolio | 12.9k $155.3k | Reduced -393 |
| Clear Creek Financial Management, LLC 0.01% of their portfolio | 11.9k $144.2k | Reduced -456 |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 11.7k $142.0k | Added +286 |
| M&T Bank Corp 0.00% of their portfolio | 11.3k $136.6k | New |
| MELFA WEALTH MANAGEMENT, INC. 0.09% of their portfolio | 11.2k $134.9k | Unchanged |
| Leo Wealth, LLC 0.02% of their portfolio | 10.7k $129.5k | Unchanged |
| Twelve Points Wealth Management LLC 0.03% of their portfolio | 10.2k $123.3k | Unchanged |
| Graves Light Lenhart Wealth, Inc. 0.01% of their portfolio | 10.0k $120.8k | Unchanged |
| COMERICA BANK 0.00% of their portfolio | 7.3k $88.1k | Reduced -354 |
| CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.04% of their portfolio | 6.4k $77.3k | Unchanged |
| CoreCap Advisors, LLC 0.00% of their portfolio | 5.7k $68.9k | Unchanged |
| Horrell Capital Management, Inc. 0.03% of their portfolio | 5.0k $60.4k | Unchanged |
| Spire Wealth Management 0.00% of their portfolio | 2.5k $30.2k | Reduced -3.0k |
| BESSEMER GROUP INC 0.00% of their portfolio | 2.1k $25.0k | Reduced -422 |
| PRIVATE TRUST CO NA 0.00% of their portfolio | 1.8k $21.7k | Unchanged |
| Elequin Capital, LP 0.00% of their portfolio | 1.5k $18.1k | Reduced -7.0k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 1.0k $12.1k | New |
| ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio | 780 $9.4k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 90 $1.1k | Reduced -310 |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 87 $1.0k | New |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio | 85 $1.0k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 7 $85 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |