SEC Filing Summary: Blackstone Inc. (13F-HR)
Business Context and Reporting Period
This filing is a Form 13F-HR submitted by Blackstone Group Inc. for the quarter ended June 30, 2019. The report discloses equity securities held under the investment discretion of Blackstone and four other included managers: GSO Capital Partners LP, Blackstone Management Partners L.L.C., Clarus Ventures, LLC, and Blackstone Alternative Solutions L.L.C.
Key Financial Metrics
As a Form 13F filing, this document reports portfolio holdings rather than the operating financial performance of Blackstone Inc. itself. Consequently, data regarding revenue, profit, cash flow, margins, debt, and liquidity for Blackstone Inc. is not provided in this text.
Key portfolio metrics disclosed include:
- Total Portfolio Value: $19,134,031,000 (reported in thousands).
- Total Number of Holdings: 96 entries.
- Number of Included Managers: 4.
Material Changes and Disclosures
The filing does not provide comparative data against the prior period to calculate material changes in holdings or value. However, the following specific disclosures regarding investment discretion and control are noted:
- Michaels Cos Inc: Includes 520,940 shares not under Blackstone's direct discretion but under Blackstone Family GP L.L.C., controlled by Stephen A. Schwarzman.
- First Eagle Investment Management: Blackstone may be deemed to have shared control with Corsair Capital LLC, though an information barrier is in place.
- Harvest Fund Advisors LLC: An indirect subsidiary of Blackstone; shared investment discretion is deemed to exist despite an information barrier.
- Options: Reported options may include multiple series of call or put options for a single issuer.
Guidance, Outlook, and Risks
This filing type does not contain management commentary, forward-looking guidance, or strategic outlook. The document includes a standard disclaimer that the SEC has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify the total portfolio value of approximately $19.1 billion against Blackstone's official quarterly earnings release for Q2 2019 to understand the firm's broader financial health.
- Confirm the specific breakdown of the 96 holdings to assess sector concentration and top positions.
- Review the relationship disclosures regarding First Eagle and Harvest Fund Advisors to understand the scope of "shared discretion" reported.
- Note that this filing reflects holdings as of June 30, 2019, and does not reflect subsequent market movements or trading activity.