Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Blackstone Inc. to the U.S. Securities and Exchange Commission. The report covers the reporting period ending June 30, 2015. This document discloses the equity securities held by the investment manager at the end of the quarter, detailing the number of shares, value, and voting authority for each position.
Key Financial Metrics and Portfolio Composition
The filing does not provide consolidated financial statements for Blackstone Inc. itself (e.g., revenue, profit, or cash flow). Instead, it lists the value of specific equity holdings managed by the firm. Key portfolio metrics include:
- Total Disclosed Positions: The table lists 58 distinct equity positions.
- Top Holdings by Value:
- Hilton Worldwide Holdings Inc.: $452,791,323 (452,791,323 shares)
- Michaels Cos Inc.: $70,332,830 (70,332,830 shares)
- Vivint Solar Inc.: $82,359,374 (82,359,374 shares)
- Kosmos Energy Ltd.: $96,552,512 (96,552,512 shares)
- Extended Stay Amer Inc.: $47,620,730 (47,620,730 shares)
- Voting Authority: The majority of positions are held with Sole voting authority. Several positions (e.g., Bioscrip Inc., Booz Allen Hamilton, Cheniere Energy) are held with Other voting authority, indicating shared or limited control.
- Derivatives: The filing includes one Put option (SPDR Series Trust S&P Regl Bkg) and one Call option (Pinnacle Entmt Inc).
Material Changes Versus Prior Period
The filing text provided contains only the snapshot of holdings as of June 30, 2015. It does not include the "Schedule of Changes" or comparative data from the prior quarter (March 31, 2015). Therefore, material changes in holdings, additions, or deletions versus the prior comparable period cannot be determined from this specific text.
Guidance, Outlook, and Risks
Guidance and Outlook: This Form 13F is a regulatory disclosure of holdings and does not contain management commentary, forward-looking guidance, or strategic outlook for Blackstone Inc.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. No specific risk factors or contingencies related to the portfolio are detailed in this table.
Unusual Items: The portfolio includes a diverse mix of sectors, including real estate (Brixmor Ppty Group, Hudson Pac Pptys), energy (Kosmos Energy, Cheniere Energy), and consumer discretionary (Michaels, Hilton). The presence of significant positions in SPAC-like entities (Boulevard Acquisition Corp) and distressed or turnaround situations (Eastman Kodak, Sears Hldgs) is notable.
Important Facts for Investor Verification
- Scope of Data: Verify that this document represents only the equity holdings of the investment manager and does not reflect the firm's total assets under management (AUM) or private equity holdings.
- Valuation Timing: Confirm that the values listed are based on the market price as of June 30, 2015, and may differ significantly from current market values.
- Voting Rights: Note the distinction between "Sole" and "Other" voting authority, which impacts the firm's ability to influence corporate governance in specific holdings.
- Missing Context: Investors should cross-reference this filing with Blackstone's 10-Q or 10-K filings for the same period to understand the firm's own financial performance and liquidity.