Business Context and Reporting Period
This filing is a Form 13F-HR submitted by Blackstone Group L.P. for the quarter ended September 30, 2017. The report discloses equity holdings under the investment discretion of the manager and two other included managers: GSO Capital Partners LP and Blackstone Management Partners L.L.C.
Key Financial Metrics
As a Form 13F filing, this document reports portfolio holdings rather than the operating financial performance (revenue, profit, cash flow) of Blackstone Inc. itself.
- Total Portfolio Value: $16,289,450,000 (reported in thousands).
- Total Number of Holdings: 42 entries.
- Voting Authority: Represents voting authority over an aggregate of 83,052,512 shares.
Material Changes and Portfolio Composition
The filing does not provide comparative data against the prior period to calculate material changes in holdings. However, it notes specific ownership structures:
- Kosmos Energy Ltd: Includes 1,061,882 shares under the discretion of Blackstone Family GP L.L.C. (controlled by Stephen A. Schwarzman) rather than The Blackstone Group L.P.
- Michaels Cos Inc: Includes 520,940 shares under the discretion of Blackstone Family GP L.L.C.
- First Eagle Investment Management: Blackstone and Corsair Capital LLC may be deemed to have shared investment discretion over securities managed by First Eagle, despite an information barrier.
Guidance, Risks, and Contingencies
This filing type does not contain management guidance, outlook, or risk factors regarding the company's operations. The primary disclosure relates to regulatory compliance regarding shared control and investment discretion over specific securities and affiliated entities.
Investor Verification Checklist
- Verify the distinction between holdings under the direct discretion of Blackstone Group L.P. versus those under Blackstone Family GP L.L.C.
- Confirm the total portfolio value of approximately $16.29 billion against other public disclosures for the same period.
- Review the specific 42 holdings listed in the attached Information Table (not included in this summary text) to identify top positions.
- Note that this filing does not reflect Blackstone Inc.'s own revenue, earnings, or debt levels.