SEC Filing Summary: Blackstone Inc. Form 13F
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Blackstone Inc. for the reporting period ending March 31, 2019. The document discloses the equity securities held by the investment manager at the end of the quarter. It does not contain operational financial statements (revenue, profit, cash flow) for Blackstone Inc. itself, but rather a list of external holdings.
Key Financial Metrics and Holdings
The filing details a portfolio of equity securities, including common stock, preferred stock, and exchange-traded funds (ETFs). Key metrics provided are the value of holdings (in thousands of dollars) and the number of shares or principal amounts.
- Top Holdings by Value:
- Cheniere Energy Partners LP: $8,427,525 (200,990,333 units)
- Invitation Homes Inc: $4,378,070 (179,945,349 shares)
- Gates Industrial Corporation P: $3,170,538 (221,097,482 shares)
- Blackstone Mortgage Trust Inc: $184,789 (5,346,893 shares)
- SPDR S&P 500 ETF Trust: $471,318 (1,668,500 shares)
- Debt and Liquidity: The filing lists one debt security: Legacy Reserves LP (8.000% Note) with a principal amount of $20,004,000. No data on Blackstone Inc.'s corporate debt or liquidity is provided in this form.
- Voting Authority: Voting authority is categorized as Sole, Shared, or None. Significant "Sole" voting authority is noted for holdings in Blackstone Mortgage Trust, Centric Brands, Corepoint Lodging, FGL Holdings, and Invitation Homes.
Material Changes
Not Applicable: This filing is a snapshot of holdings as of March 31, 2019. It does not provide comparative data against the prior quarter (December 31, 2018) within the text provided, so material changes in position size cannot be calculated from this document alone.
Guidance, Outlook, and Risks
Not Applicable: Form 13F is a regulatory disclosure of holdings and does not contain management commentary, forward-looking guidance, risk factors, or contingency plans. The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing the "Value" column, noting that the provided text lists individual line items but does not explicitly state the total portfolio value.
- Confirm the distinction between "Sole" and "Other" (OTR) voting authority to understand Blackstone's control level in specific positions like Invitation Homes and Cheniere Energy.
- Check for the presence of derivatives; the filing lists "Put" options for several ETFs (e.g., iShares Expanded Tech, SPDR S&P 500) and a "Call" option for Citrix Systems.
- Review the specific CUSIP numbers for large positions to ensure accurate identification of the underlying securities, particularly for complex structures like "Legacy Reserves LP" notes.