Vault-13

BLACKSTONE STRATEGIC CRED 20 BGB

COM SHS BEN IN · Closed-End Fund · CUSIP 09257R101

81 institutional holders -1 vs Q1 2025
19,913,69419.9m shares reported held*
$241.6mreported value*
10 new 34 added 19 reduced 11 sold out net sold ≈ $160.2k (-13.3k shares)

* 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 ($90.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.13.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 90Q4 22: 97Q1 23: 94Q2 23: 98Q3 23: 100Q4 23: 101Q1 24: 93Q2 24: 94Q3 24: 92Q4 24: 91Q1 25: 82Q2 25: 8181Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202290
Q4 202297
Q1 202394
Q2 202398
Q3 2023100
Q4 2023101
Q1 202493
Q2 202494
Q3 202492
Q4 202491
Q1 202582
Q2 202581

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q3 23: 45 bought or addedQ3 23: 37 cut or sold outQ4 23: 46 bought or addedQ4 23: 37 cut or sold outQ4 23Q1 24: 43 bought or addedQ1 24: 41 cut or sold outQ2 24: 34 bought or addedQ2 24: 43 cut or sold outQ2 24Q3 24: 43 bought or addedQ3 24: 36 cut or sold outQ4 24: 31 bought or addedQ4 24: 39 cut or sold outQ4 24Q1 25: 30 bought or addedQ1 25: 46 cut or sold outQ2 25: 44 bought or addedQ2 25: 30 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234537
Q4 20234637
Q1 20244341
Q2 20243443
Q3 20244336
Q4 20243139
Q1 20253046
Q2 20254430

Biggest buyers

SIT INVESTMENT ASSOCIATES INC Added +416,533+416.5k
ROYAL BANK OF CANADA Added +256,080+256.1k
Advisors Asset Management, Inc. Added +164,225+164.2k
Cresset Asset Management, LLC Added +124,368+124.4k
Rockefeller Capital Management L.P. Added +76,573+76.6k
READYSTATE ASSET MANAGEMENT LP Added +67,001+67.0k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC New +48,270+48.3k
&PARTNERS New +46,056+46.1k
Invesco Ltd. Added +31,042+31.0k
RAYMOND JAMES FINANCIAL INC Added +28,757+28.8k

Biggest sellers

Coastal Bridge Advisors, LLC Reduced -308,875-308.9k
Pathstone Holdings, LLC Reduced -308,651-308.7k
TRANSCEND CAPITAL ADVISORS, LLC Reduced -254,860-254.9k
BANK OF AMERICA CORP /DE/ Reduced -159,007-159.0k
GUGGENHEIM CAPITAL LLC Reduced -108,653-108.7k
WELLS FARGO & COMPANY/MN Reduced -59,775-59.8k
INVICTUS PRIVATE WEALTH, LLC Sold out -56,339-56.3k
Integrated Wealth Concepts LLC Reduced -42,066-42.1k
ROBINSON CAPITAL MANAGEMENT, LLC Sold out -36,884-36.9k
MILLENNIUM MANAGEMENT LLC Sold out -25,861-25.9k

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.

HolderStakeChangeShares Last filed
SIT INVESTMENT ASSOCIATES INC 13G · institution new · filed 2026-04-06 6.2% new 2.8m≈ $31.1m 2026-04-06
MORGAN STANLEY 13G · institution new · filed 2026-08-13 5.7% new 2.5m≈ $28.7m 2026-08-13
Coastal Bridge Advisors, LLC 13G · passive investor new · filed 2026-10-09 5.1% new 2.3m≈ $25.6m 2026-10-09

Fell to 5% or below in the last year: BANK OF AMERICA CORP /DE/ (4.4%, 2026-02-12)

Insider purchases and sales in Q2 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)

BuyingSelling
101Q3 23: 1 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 0 sellingQ4 23Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 0 buyingQ2 25: 0 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20231$1.3k0——
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Coastal Bridge Advisors, LLC 2.91% of their portfolio WESTPORT, CT 2,892,2032.9m $35.1m $35.1m 2.91% Reduced -308.9k -308,875
2 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,474,9622.5m $30.0m $30.0m 0.00% Reduced -159.0k -159,007
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,077,1742.1m $25.2m $25.2m 0.00% Reduced -12.4k -12,354
4 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,828,9681.8m $22.2m $22.2m 0.00% Reduced -59.8k -59,775
5 Pathstone Holdings, LLC 0.05% of their portfolio ENGLEWOOD, NJ 1,101,8511.1m $13.4m $13.4m 0.05% Reduced -308.7k -308,651
6 Advisors Asset Management, Inc. 0.21% of their portfolio Monument, CO 978,222978.2k $11.9m $11.9m 0.21% Added +164.2k +164,225
7 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 888,803888.8k $10.8m $10.8m 0.01% Added +13.5k +13,459
8 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 769,784769.8k $9.3m $9.3m 0.01% Added +25.9k +25,918
9 SIT INVESTMENT ASSOCIATES INC 0.19% of their portfolio Minneapolis, MN 747,429747.4k $9.1m $9.1m 0.19% Added +416.5k +416,533
10 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 538,468538.5k $6.5m $6.5m 0.00% Added +256.1k +256,080
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 449,604449.6k $5.4m $5.4m 0.00% Added +18.6k +18,591
12 GUGGENHEIM CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 399,206399.2k $4.8m $4.8m 0.04% Reduced -108.7k -108,653
13 Integrated Wealth Concepts LLC 0.05% of their portfolio WALTHAM, MA 387,604387.6k $4.7m $4.7m 0.05% Reduced -42.1k -42,066
14 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 360,715360.7k $4.4m $4.4m 0.00% Added +31.0k +31,042
15 Cresset Asset Management, LLC 0.02% of their portfolio Chicago, IL 338,928338.9k $4.1m $4.1m 0.02% Added +124.4k +124,368
16 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 305,741305.7k $3.7m $3.7m 0.00% Added +28.8k +28,757
17 TRANSCEND CAPITAL ADVISORS, LLC 0.27% of their portfolio MADISON, NJ 282,142282.1k $3.4m $3.4m 0.27% Reduced -254.9k -254,860
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 273,512273.5k $3.3m $3.3m 0.00% Added +25.3k +25,282
19 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.26% of their portfolio London, X0 235,030235.0k $2.8m $2.8m 0.26% Reduced -6.2k -6,218
20 Capital Investment Advisors, LLC 0.05% of their portfolio ATLANTA, GA 200,584200.6k $2.6m $2.6m 0.05% Reduced -7.3k -7,325
21 Merit Financial Group, LLC 0.03% of their portfolio ALPHARETTA, GA 200,403200.4k $2.4m $2.4m 0.03% Reduced -10.3k -10,339
22 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 186,226186.2k $2.3m $2.3m 0.00% Unchanged
23 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 151,018151.0k $1.8m $1.8m 0.00% Added +76.6k +76,573
24 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 140,951141.0k $1.7m $1.7m 0.01% Added +4.2k +4,150
25 Shaker Financial Services, LLC 0.62% of their portfolio Arlington, VA 140,782140.8k $1.7m $1.7m 0.62% Added +16.0k +15,991
26 Robbins Farley 0.71% of their portfolio BEDFORD, NH 126,397126.4k $1.5m $1.5m 0.71% Added +6.4k +6,383
27 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 115,690115.7k $1.4m $1.4m 0.00% Added +4.9k +4,920
28 Tranquility Partners, LLC 0.48% of their portfolio Brentwood, TN 111,496111.5k $1.4m $1.4m 0.48% Reduced -4.3k -4,258
29 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 106,926106.9k $1.3m $1.3m 0.00% Added +4.0k +3,971
30 READYSTATE ASSET MANAGEMENT LP 0.05% of their portfolio CHICAGO, IL 105,798105.8k $1.3m $1.3m 0.05% Added +67.0k +67,001
31 CARY STREET PARTNERS FINANCIAL LLC 0.03% of their portfolio RICHMOND, VA 99,82999.8k $1.2m $1.2m 0.03% Added +14.4k +14,437
32 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 84,94784.9k $1.0m $1.0m 0.00% Added +21.7k +21,652
33 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 63,38963.4k $768.3k $768.3k 0.00% Added +200 +200
34 Stolper Co 0.24% of their portfolio TULSA, OK 59,31759.3k $719.0k $719.0k 0.24% Added +2.5k +2,543
35 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 56,84856.8k $689.0k $689.0k 0.00% Unchanged
36 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 48,27048.3k $591.8k $591.8k 0.00% New
37 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 46,05646.1k $558.2k $558.2k 0.00% New
38 Oder Investment Management, LLC 0.33% of their portfolio WOODLAND HILLS, CA 36,03336.0k $436.7k $436.7k 0.33% Reduced -14.2k -14,163
39 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 28,62628.6k $347.0k $347.0k 0.00% Added +1.8k +1,791
40 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 27,89227.9k $338.1k $338.1k 0.00% Added +5.3k +5,341
41 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 27,82727.8k $337.3k $337.3k 0.00% Unchanged
42 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 26,28926.3k $318.6k $318.6k 0.00% Reduced -2.2k -2,156
43 Kingsview Wealth Management, LLC 0.00% of their portfolio GRANTS PASS, OR 24,16324.2k $292.9k $292.9k 0.00% Added +2.0k +2,042
44 Perigon Wealth Management, LLC 0.01% of their portfolio SAN FRANCISCO, CA 23,21923.2k $281.4k $281.4k 0.01% Reduced -319 -319
45 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 22,72222.7k $282.0k $282.0k 0.00% Added +47 +47
46 Clear Harbor Asset Management, LLC 0.02% of their portfolio Stamford, CT 21,20821.2k $257.0k $257.0k 0.02% New
47 Moors & Cabot, Inc. 0.01% of their portfolio BOSTON, MA 21,12521.1k $256.0k $256.0k 0.01% Added +1.9k +1,950
48 BTG Pactual Asset Management US LLC 0.03% of their portfolio NEW YORK, NY 20,87920.9k $253.1k $253.1k 0.03% Unchanged
49 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 19,95720.0k $241.9k $241.9k 0.01% Added +600 +600
50 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 19,13519.1k $231.9k $231.9k 0.00% New
51 WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC 0.08% of their portfolio HIGHLAND PARK, IL 19,07519.1k $231.2k $231.2k 0.08% Unchanged
52 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 16,93816.9k $205.3k $205.3k 0.01% Reduced -1.4k -1,424
53 Essex Financial Services, Inc. 0.01% of their portfolio ESSEX, CT 16,64016.6k $201.7k $201.7k 0.01% Added +3 +3
54 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 14,15414.2k $171.5k $171.5k 0.00% Added +624 +624
55 Laird Norton Wetherby Wealth Management, LLC 0.01% of their portfolio Seattle, WA 12,50012.5k $151.5k $151.5k 0.01% First filing
56 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 11,73611.7k $142.0k $142.0k 0.00% Unchanged
57 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.01% of their portfolio CEDAR RAPIDS, IA 11,68611.7k $141.6k $141.6k 0.01% Reduced -1.8k -1,788
58 Keystone Financial Group 0.01% of their portfolio LEXINGTON, KY 11,55911.6k $140.1k $140.1k 0.01% Reduced -1.3k -1,300
59 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 11,30611.3k $137.0k $137.0k 0.00% Unchanged
60 MELFA WEALTH MANAGEMENT, INC. 0.09% of their portfolio WESTBOROUGH, MA 11,16711.2k $135.3k $135.3k 0.09% Unchanged
61 Leo Wealth, LLC 0.01% of their portfolio HURST, TX 10,72210.7k $130.0k $130.0k 0.01% Unchanged
62 Apollon Wealth Management, LLC 0.00% of their portfolio MOUNT PLEASANT, SC 10,39810.4k $126.0k $126.0k 0.00% Reduced -5.4k -5,400
63 Twelve Points Wealth Management LLC 0.03% of their portfolio CONCORD, MA 10,20910.2k $123.7k $123.7k 0.03% Unchanged
64 JT Stratford LLC 0.02% of their portfolio GAINESVILLE, GA 10,20510.2k $123.7k $123.7k 0.02% New
65 Graves Light Lenhart Wealth, Inc. 0.01% of their portfolio HARRISONBURG, VA 10,00010.0k $121.2k $121.2k 0.01% Unchanged
66 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.04% of their portfolio RICHMOND, VA 7,4007.4k $89.7k $89.7k 0.04% Added +1.0k +1,000
67 COMERICA BANK 0.00% of their portfolio DALLAS, TX 7,2977.3k $88.4k $88.4k 0.00% Added +1 +1
68 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 6,3516.4k $77.0k $77.0k 0.00% New
69 Horrell Capital Management, Inc. 0.02% of their portfolio LITTLE ROCK, AR 5,0005.0k $60.6k $60.6k 0.02% Unchanged
70 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 4,4004.4k $53.3k $53.3k 0.00% New
71 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 2,5002.5k $30.3k $30.3k 0.00% Unchanged
72 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 2,1102.1k $26.0k $26.0k 0.00% Unchanged
73 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 1,8001.8k $21.8k $21.8k 0.00% Unchanged
74 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 780780 $9.5k $9.5k 0.00% Unchanged
75 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 400400 $4.8k $4.8k 0.00% New
76 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio BLUE BELL, PA 205205 $2.5k $2.5k 0.00% Added +120 +120
77 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 190190 $2.3k $2.3k 0.00% New
78 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 100100 $1.2k $1.2k 0.00% Added +10 +10
79 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 9999 $1.2k $1.2k 0.00% New
80 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 1818 $218 $218 0.00% Added +11 +11
81 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged