Business Context and Reporting Period
This filing is a Form 13F-HR submitted by Blackstone Group L.P. (and three other included managers) for the quarter ended September 30, 2016. The report discloses equity securities held under the investment discretion of the manager as of the reporting date. The filing was signed on November 14, 2016, by John G. Finley.
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. The following metrics relate to the reported portfolio:
- Total Portfolio Value: $17,307,442,000 (reported in thousands).
- Total Number of Holdings: 100 entries.
- Voting Authority: Represents voting authority over an aggregate of 96,552,512 shares (specific to certain holdings).
- Other Included Managers: 3 (GSO Capital Partners LP, Blackstone Senfina Advisors L.L.C., Blackstone Management Partners L.L.C.).
Note: The filing text does not provide values for revenue, profit, margins, debt, or liquidity for Blackstone Inc. as an operating entity.
Material Changes and Disclosures
The filing includes specific footnotes regarding investment discretion and shared control:
- Shared Discretion: Certain shares of Kosmos Energy Ltd, Michaels Cos Inc, Hudson Pac Pptys Inc, and Performance Food Group Co are not under the direct discretion of Blackstone Group L.P. but under Blackstone Family GP L.L.C., controlled by Stephen A. Schwarzman.
- Shared Control: Blackstone and Corsair Capital LLC may be deemed to have shared investment discretion with First Eagle Investment Management, LLC, though an information barrier is in place.
- Options: Reported options may include multiple series of call or put options.
Guidance, Outlook, and Risks
This filing type does not contain management commentary, forward-looking guidance, or risk factors regarding the company's future operations. It is a statutory disclosure of current holdings. The standard SEC disclaimer applies: the Commission has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify the distinction between holdings under Blackstone Group L.P. versus Blackstone Family GP L.L.C. for specific tickers (KOSMOS, MIC, HPP, PFG).
- Confirm the total portfolio value of approximately $17.3 billion against other public disclosures for the same period.
- Review the list of 100 holdings to identify top positions and concentration risks.
- Check for any amendments filed after November 14, 2016, that may update these holdings.