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 June 30, 2018. The document discloses the equity securities held by the investment manager at the end of the quarter. It does not contain financial statements regarding Blackstone's own revenue, profit, or cash flow.
Key Financial Metrics and Portfolio Composition
The filing details a portfolio of equity securities, including common stock, preferred stock, and warrants. Key metrics derived from the table include:
- Total Disclosed Positions: The table lists approximately 80 distinct security positions.
- Valuation Basis: Values are reported in thousands of dollars (Column 4).
- Top Holdings by Value:
- Invitation Homes Inc: $5,071,940 (219,945,349 shares)
- Gates Industrial Corporation P: $3,597,256 (221,097,482 shares)
- Cheniere Energy Partners LP: $7,225,602 (200,990,333 units)
- Blackstone Mortgage Trust Inc: $156,764 (4,987,713 shares)
- Corepoint Lodging Inc: $455,491 (17,586,537 shares)
- Derivatives: The portfolio includes Call options (e.g., Aircastle Ltd, International Game Technology) and Put options (e.g., iShares Russell 2000 ETF, iShares iBoxx High Yield ETF).
Material Changes and Voting Authority
As this is a quarterly snapshot, specific changes versus the prior period are not explicitly calculated in the text. However, the filing distinguishes voting authority as follows:
- Sole Discretion: The majority of positions are held with sole voting authority.
- Other Discretion (OTR): Significant positions in Cheniere Energy Partners, Gates Industrial, and Vivint Solar are marked with "OTR" (Other), indicating shared or limited voting rights or specific account structures.
- None: Several positions, including derivatives and specific equity tranches, report "None" for voting authority.
Guidance, Risks, and Contingencies
Management Commentary: This filing contains no management commentary, forward-looking guidance, or strategic outlook. It is a statutory disclosure of holdings only.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. No specific risk factors or contingencies regarding the portfolio are disclosed in this text.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing Column 4 (Value) to assess total AUM disclosed in this specific table.
- Confirm the distinction between "Sole" and "OTR" voting authority for large positions like Cheniere Energy and Gates Industrial to understand control levels.
- Review the derivative positions (Calls/Puts) to assess hedging strategies or directional bets on market indices (e.g., Russell 2000, High Yield).
- Note that this filing does not represent Blackstone's consolidated financial results; refer to Form 10-Q or 10-K for revenue and profit data.