Blackstone Strategic Credit 2027 Term Fund
US ˙ NYSE ˙ US09257R1014

SecurityBGB / Blackstone Strategic Credit 2027 Term Fund
InstitutionMorgan Stanley
Latest Disclosed Ownership1,896,635 shares
Ownership 4.20%
Morgan Stanley ownership in BGB / Blackstone Strategic Credit 2027 Term Fund

2024-11-06 - Morgan Stanley has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 1,896,635 shares of Blackstone Strategic Credit 2027 Term Fund (US:BGB). This represents 4.2 percent ownership of the company. In their previous filing dated 2024-02-12 , Morgan Stanley had reported owning 2,272,329 shares, indicating a decrease of -16.53 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2024-11-06 2024-11-06 13G/A 2,272,329 1,896,635 -16.53 4.20 -17.65
2024-02-12 2024-02-12 13G 2,272,329 5.10

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 2,224,204 11,159 0.50 24,800 -4.87 0.0015
2026-05-27 2025-12-31 13F/A-1 BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 2,213,045 75,885 3.55 26,070 0.23 0.0016
2026-02-13 2025-12-31 13F BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 2,213,045 75,885 26,070 0.0016
2026-05-27 2025-09-30 13F/A-1 BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 2,137,160 59,986 2.89 26,009 3.31 0.0016
2025-11-14 2025-09-30 13F BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 2,137,160 59,986 26,009 0.0016
2025-08-15 2025-06-30 13F BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 2,077,174 -12,354 -0.59 25,175 -0.26 0.0016
2025-05-15 2025-03-31 13F BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 2,089,528 296,944 16.57 25,242 15.13 0.0018
2025-05-15 2024-12-31 13F/A-1 BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 1,792,584 -104,050 -5.49 21,923 -6.18 0.0015
2025-02-14 2024-12-31 13F BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 1,792,584 -104,050 21,923 0.0015
2025-05-14 2024-09-30 13F/A-2 BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 1,896,634 -27,747 -1.44 23,367 2.12 0.0017
2025-02-14 2024-09-30 13F/A-1 BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 1,896,634 -27,747 23,367 0.0017
2024-11-14 2024-09-30 13F BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 1,896,634 -27,747 23,367 0.0002
2025-05-14 2024-06-30 13F/A-2 BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 1,924,381 -441,272 -18.65 22,881 -18.72 0.0018
2024-10-17 2024-06-30 13F/A-1 BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 1,924,381 -441,272 22,881 0.0018
2024-08-14 2024-06-30 13F BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 1,924,381 -441,272 22,881 0.0018
2024-10-17 2024-03-31 13F/A-2 BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 2,365,653 93,323 4.11 28,151 9.44 0.0023
2024-08-16 2024-03-31 13F/A-1 BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 2,365,653 93,323 28,151 0.0023
2024-05-15 2024-03-31 13F BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 2,365,653 93,323 28,151 0.0023
2024-08-16 2023-12-31 13F/A-1 BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 2,272,330 -902,797 -28.43 25,723 -26.29 0.0023
2024-02-13 2023-12-31 13F BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 2,272,330 -902,797 25,723 0.0023
2023-11-15 2023-09-30 13F BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 3,175,127 -50,981 -1.58 34,895 -1.04 0.0035
2023-08-14 2023-06-30 13F BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 3,226,108 114,154 3.67 35,261 6.39 0.0035
2023-05-15 2023-03-31 13F BLACKSTONE STRATEGIC CRED 20 COM SHS BEN IN 09257R101 3,111,954 165,439 5.61 33,142 6.31 0.0036
2023-02-14 2022-12-31 13F BLACKSTONE STRATEGIC CREDIT COM SHS BEN IN 09257R101 2,946,515 269,042 10.05 31,174 9.53 0.0035
2022-11-14 2022-09-30 13F BLACKSTONE STRATEGIC CREDIT COM SHS BEN IN 09257R101 2,677,473 -26,910 -1.00 28,461 -5.78 0.0039
2022-10-27 2022-06-30 13F/A-1 BLACKSTONE STRATEGIC CREDIT COM SHS BEN IN 09257R101 2,704,383 660,678 32.33 30,208 13.27 0.0039
2022-08-15 2022-06-30 13F BLACKSTONE STRATEGIC CREDIT COM SHS BEN IN 09257R101 2,704,383 660,678 30,208 0.0008
2022-10-27 2022-03-31 13F/A-1 BLACKSTONE STRATEGIC CREDIT COM SHS BEN IN 09257R101 2,043,705 195,351 10.57 26,670 6.96 0.0036
2022-05-13 2022-03-31 13F BLACKSTONE STRATEGIC CREDIT COM SHS BEN IN 09257R101 2,043,705 195,351 26,670 0.0036
2022-02-14 2021-12-31 13F BLACKSTONE STRATEGIC CREDIT COM SHS BEN IN 09257R101 1,848,354 6,698 0.36 24,934 -2.25 0.0031
2021-11-15 2021-09-30 13F BLACKSTONE STRATEGIC CREDIT COM SHS BEN IN 09257R101 1,841,656 72,929 4.12 25,507 3.53 0.0034
2021-08-23 2021-06-30 13F/A-1 BLACKSTONE STRATEGIC CREDIT COM SHS BEN IN 09257R101 1,768,727 -168,987 -8.72 24,638 -4.61 0.0032
2021-08-16 2021-06-30 13F BLACKSTONE STRATEGIC CREDIT COM SHS BEN IN 09257R101 1,768,727 -168,987 24,638 0.0007
2021-05-17 2021-03-31 13F BLACKSTONE STRATEGIC CREDIT COM SHS BEN IN 09257R101 1,937,714 -61,265 -3.06 25,830 3.54 0.0038
2021-02-16 2020-12-31 13F BLACKSTONE STRATEGIC CREDIT COM SHS BEN IN 09257R101 1,998,979 40,698 2.08 24,947 4.25 0.0039
2020-11-13 2020-09-30 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,958,281 -221,758 -10.17 23,930 -3.88 0.0046
2020-08-14 2020-06-30 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 2,180,039 59,919 2.83 24,896 12.80 0.0055
2020-05-26 2020-03-31 13F/A-1 BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 2,120,120 -22,731 -1.06 22,070 -28.38 0.0060
2020-05-15 2020-03-31 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 2,120,120 -22,731 22,070 1,695.4361
2020-02-14 2019-12-31 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 2,142,851 251,689 13.31 30,814 11.60 0.0072
2019-11-14 2019-09-30 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,891,162 -17,067 -0.89 27,611 -1.37 0.0073
2019-08-14 2019-06-30 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,908,229 92,102 5.07 27,994 8.17 0.0075
2019-05-15 2019-03-31 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,816,127 122,492 7.23 25,880 13.44 0.0073
2019-02-14 2018-12-31 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,693,635 -27,430 -1.59 22,814 -16.63 0.0068
2019-04-23 2018-09-30 13F/A-2 BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,721,065 58,726 3.53 27,365 4.12 0.0068
2018-11-20 2018-09-30 13F/A-1 BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,721,065 0 27,365 0.0068
2018-11-14 2018-09-30 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,721,065 58,726 27,365
2019-04-23 2018-06-30 13F/A-1 BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,662,339 -39,421 -2.32 26,281 -2.75 0.0071
2018-08-14 2018-06-30 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,662,339 -39,421 26,281
2019-04-23 2018-03-31 13F/A-1 BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,701,760 -31,421 -1.81 27,024 -0.75 0.0075
2018-05-14 2018-03-31 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,701,760 -31,421 27,024
2019-04-23 2017-12-31 13F/A-1 BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,733,181 143,288 9.01 27,228 7.17 0.0075
2018-02-14 2017-12-31 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,733,181 143,288 27,228
2017-11-14 2017-09-30 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,589,893 176,986 12.53 25,406 12.95 0.0076
2017-08-11 2017-06-30 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,412,907 52,606 3.87 22,493 4.39 0.0068
2017-05-22 2017-03-31 13F/A-1 BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,360,301 252,684 22.81 21,547 26.81 0.0066
2017-05-12 2017-03-31 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,360,301 21,547
2017-02-22 2016-12-31 13F/A-1 BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,107,617 14,315 1.31 16,992 4.17 0.0056
2017-02-13 2016-12-31 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,107,617 16,992
2016-11-10 2016-09-30 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,093,302 -270,593 -19.84 16,312 -16.89 0.0056
2016-08-12 2016-06-30 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,363,895 122,286 9.85 19,627 15.98 0.0071
2016-05-12 2016-03-31 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,241,609 77,011 6.61 16,923 8.68 0.0065
2016-02-09 2015-12-31 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,164,598 -220,370 -15.91 15,571 -20.88 0.0056
2016-02-08 2015-09-30 13F/A-1 BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,384,968 49,555 3.71 19,680 -5.72 0.0073
2015-11-09 2015-09-30 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,384,968 19,680
2015-08-12 2015-06-30 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,335,413 105,342 8.56 20,873 4.88 0.0072
2015-05-14 2015-03-31 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,230,071 46,075 3.89 19,902 2.00 0.0073
2015-02-13 2014-12-31 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,183,996 -144,081 -10.85 19,512 -12.45 0.0071
2014-12-16 2014-09-30 13F/A-1 BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,328,077 356,462 36.69 22,286 29.07 0.0086
2014-11-14 2014-09-30 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,328,077 22,286
2014-08-12 2014-06-30 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 971,615 190,747 24.43 17,266 24.77 0.0295
2014-05-13 2014-03-31 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 780,868 34,512 4.62 13,838 4.16 0.0058
2014-02-13 2013-12-31 13F BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 746,356 85,959 13.02 13,285 13.72 0.0057
2013-11-13 2013-09-30 13F BLACKSTNE COM 09257R101 660,397 116,988 21.53 11,682 13.98 0.0055
2013-08-08 2013-06-30 13F BLACKSTNE COM 09257R101 543,409 543,409 10,249 0.0052
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.