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 ($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
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 |
| Q2 2025 | 81 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2025 | 44 | 30 |
Biggest buyers
| SIT INVESTMENT ASSOCIATES INC | Added | +416.5k |
| ROYAL BANK OF CANADA | Added | +256.1k |
| Advisors Asset Management, Inc. | Added | +164.2k |
| Cresset Asset Management, LLC | Added | +124.4k |
| Rockefeller Capital Management L.P. | Added | +76.6k |
| READYSTATE ASSET MANAGEMENT LP | Added | +67.0k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | New | +48.3k |
| &PARTNERS | New | +46.1k |
| Invesco Ltd. | Added | +31.0k |
| RAYMOND JAMES FINANCIAL INC | Added | +28.8k |
Biggest sellers
| Coastal Bridge Advisors, LLC | Reduced | -308.9k |
| Pathstone Holdings, LLC | Reduced | -308.7k |
| TRANSCEND CAPITAL ADVISORS, LLC | Reduced | -254.9k |
| BANK OF AMERICA CORP /DE/ | Reduced | -159.0k |
| GUGGENHEIM CAPITAL LLC | Reduced | -108.7k |
| WELLS FARGO & COMPANY/MN | Reduced | -59.8k |
| INVICTUS PRIVATE WEALTH, LLC | Sold out | -56.3k |
| Integrated Wealth Concepts LLC | Reduced | -42.1k |
| ROBINSON CAPITAL MANAGEMENT, LLC | Sold out | -36.9k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -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.
| 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 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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| Coastal Bridge Advisors, LLC 2.91% of their portfolio | 2.9m $35.1m | Reduced -308.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.5m $30.0m | Reduced -159.0k |
| MORGAN STANLEY 0.00% of their portfolio | 2.1m $25.2m | Reduced -12.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.8m $22.2m | Reduced -59.8k |
| Pathstone Holdings, LLC 0.05% of their portfolio | 1.1m $13.4m | Reduced -308.7k |
| Advisors Asset Management, Inc. 0.21% of their portfolio | 978.2k $11.9m | Added +164.2k |
| HighTower Advisors, LLC 0.01% of their portfolio | 888.8k $10.8m | Added +13.5k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 769.8k $9.3m | Added +25.9k |
| SIT INVESTMENT ASSOCIATES INC 0.19% of their portfolio | 747.4k $9.1m | Added +416.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 538.5k $6.5m | Added +256.1k |
| UBS Group AG 0.00% of their portfolio | 449.6k $5.4m | Added +18.6k |
| GUGGENHEIM CAPITAL LLC 0.04% of their portfolio | 399.2k $4.8m | Reduced -108.7k |
| Integrated Wealth Concepts LLC 0.05% of their portfolio | 387.6k $4.7m | Reduced -42.1k |
| Invesco Ltd. 0.00% of their portfolio | 360.7k $4.4m | Added +31.0k |
| Cresset Asset Management, LLC 0.02% of their portfolio | 338.9k $4.1m | Added +124.4k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 305.7k $3.7m | Added +28.8k |
| TRANSCEND CAPITAL ADVISORS, LLC 0.27% of their portfolio | 282.1k $3.4m | Reduced -254.9k |
| LPL Financial LLC 0.00% of their portfolio | 273.5k $3.3m | Added +25.3k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.26% of their portfolio | 235.0k $2.8m | Reduced -6.2k |
| Capital Investment Advisors, LLC 0.05% of their portfolio | 200.6k $2.6m | Reduced -7.3k |
| Merit Financial Group, LLC 0.03% of their portfolio | 200.4k $2.4m | Reduced -10.3k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 186.2k $2.3m | Unchanged |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 151.0k $1.8m | Added +76.6k |
| Steward Partners Investment Advisory, LLC 0.01% of their portfolio | 141.0k $1.7m | Added +4.2k |
| Shaker Financial Services, LLC 0.62% of their portfolio | 140.8k $1.7m | Added +16.0k |
| Robbins Farley 0.71% of their portfolio | 126.4k $1.5m | Added +6.4k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 115.7k $1.4m | Added +4.9k |
| Tranquility Partners, LLC 0.48% of their portfolio | 111.5k $1.4m | Reduced -4.3k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 106.9k $1.3m | Added +4.0k |
| READYSTATE ASSET MANAGEMENT LP 0.05% of their portfolio | 105.8k $1.3m | Added +67.0k |
| CARY STREET PARTNERS FINANCIAL LLC 0.03% of their portfolio | 99.8k $1.2m | Added +14.4k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 84.9k $1.0m | Added +21.7k |
| NewEdge Advisors, LLC 0.00% of their portfolio | 63.4k $768.3k | Added +200 |
| Stolper Co 0.24% of their portfolio | 59.3k $719.0k | Added +2.5k |
| Lido Advisors, LLC 0.00% of their portfolio | 56.8k $689.0k | Unchanged |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 48.3k $591.8k | New |
| &PARTNERS 0.00% of their portfolio | 46.1k $558.2k | New |
| Oder Investment Management, LLC 0.33% of their portfolio | 36.0k $436.7k | Reduced -14.2k |
| Cetera Investment Advisers 0.00% of their portfolio | 28.6k $347.0k | Added +1.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 27.9k $338.1k | Added +5.3k |
| DAVENPORT & Co LLC 0.00% of their portfolio | 27.8k $337.3k | Unchanged |
| OPPENHEIMER & CO INC 0.00% of their portfolio | 26.3k $318.6k | Reduced -2.2k |
| Kingsview Wealth Management, LLC 0.00% of their portfolio | 24.2k $292.9k | Added +2.0k |
| Perigon Wealth Management, LLC 0.01% of their portfolio | 23.2k $281.4k | Reduced -319 |
| Advisory Services Network, LLC 0.00% of their portfolio | 22.7k $282.0k | Added +47 |
| Clear Harbor Asset Management, LLC 0.02% of their portfolio | 21.2k $257.0k | New |
| Moors & Cabot, Inc. 0.01% of their portfolio | 21.1k $256.0k | Added +1.9k |
| BTG Pactual Asset Management US LLC 0.03% of their portfolio | 20.9k $253.1k | Unchanged |
| Snowden Capital Advisors LLC 0.01% of their portfolio | 20.0k $241.9k | Added +600 |
| Calamos Advisors LLC 0.00% of their portfolio | 19.1k $231.9k | New |
| WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC 0.08% of their portfolio | 19.1k $231.2k | Unchanged |
| INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio | 16.9k $205.3k | Reduced -1.4k |
| Essex Financial Services, Inc. 0.01% of their portfolio | 16.6k $201.7k | Added +3 |
| Sanctuary Advisors, LLC 0.00% of their portfolio | 14.2k $171.5k | Added +624 |
| Laird Norton Wetherby Wealth Management, LLC 0.01% of their portfolio | 12.5k $151.5k | First filing |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 11.7k $142.0k | Unchanged |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.01% of their portfolio | 11.7k $141.6k | Reduced -1.8k |
| Keystone Financial Group 0.01% of their portfolio | 11.6k $140.1k | Reduced -1.3k |
| M&T Bank Corp 0.00% of their portfolio | 11.3k $137.0k | Unchanged |
| MELFA WEALTH MANAGEMENT, INC. 0.09% of their portfolio | 11.2k $135.3k | Unchanged |
| Leo Wealth, LLC 0.01% of their portfolio | 10.7k $130.0k | Unchanged |
| Apollon Wealth Management, LLC 0.00% of their portfolio | 10.4k $126.0k | Reduced -5.4k |
| Twelve Points Wealth Management LLC 0.03% of their portfolio | 10.2k $123.7k | Unchanged |
| JT Stratford LLC 0.02% of their portfolio | 10.2k $123.7k | New |
| Graves Light Lenhart Wealth, Inc. 0.01% of their portfolio | 10.0k $121.2k | Unchanged |
| CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.04% of their portfolio | 7.4k $89.7k | Added +1.0k |
| COMERICA BANK 0.00% of their portfolio | 7.3k $88.4k | Added +1 |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 6.4k $77.0k | New |
| Horrell Capital Management, Inc. 0.02% of their portfolio | 5.0k $60.6k | Unchanged |
| Ameritas Advisory Services, LLC 0.00% of their portfolio | 4.4k $53.3k | New |
| Spire Wealth Management 0.00% of their portfolio | 2.5k $30.3k | Unchanged |
| BESSEMER GROUP INC 0.00% of their portfolio | 2.1k $26.0k | Unchanged |
| PRIVATE TRUST CO NA 0.00% of their portfolio | 1.8k $21.8k | Unchanged |
| ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio | 780 $9.5k | Unchanged |
| NFSG Corp 0.00% of their portfolio | 400 $4.8k | New |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio | 205 $2.5k | Added +120 |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 190 $2.3k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 100 $1.2k | Added +10 |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 99 $1.2k | New |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 18 $218 | Added +11 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |