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, 2025. The document discloses the equity securities held by the investment manager at the end of the quarter. It is a regulatory disclosure of holdings and does not contain financial performance data (revenue, profit, cash flow) for Blackstone Inc. itself.
Key Financial Metrics and Holdings
The filing details a diversified portfolio of equity securities, including common stock, preferred stock, and exchange-traded funds (ETFs). Key metrics derived from the table include:
- Total Disclosed Positions: The table lists over 150 distinct issuers.
- Major Equity Holdings (by Share Count):
- Williams Cos Inc: 20,079,975 shares
- Energy Transfer LP: 52,032,514 units
- Cheniere Energy Partners LP: 102,082,466 units
- FirstEnergy Corp: 28,832,099 shares
- Altus Power Inc: 21,116,125 shares
- Significant Debt/Note Holdings:
- Sunnova Energy Intl Inc (2.625% Note): $77,105,000 principal
- Sunnova Energy Intl Inc (0.250% Note): $36,000,000 principal
- ETF Exposure: Includes positions in SPDR S&P 500 ETF, iShares Russell 2000 ETF, and iShares MSCI India ETF.
Material Changes and Voting Authority
The filing categorizes voting authority for each position:
- Sole Discretion: Blackstone holds sole voting authority for specific positions, including Blackstone Mortgage Trust Inc (8,601,492 shares), Blackstone Secured Lending Fund (3,206,530 shares), Clearwater Analytics Holdings (3,833,333 shares), and Corebridge Financial Inc (61,962,123 shares).
- Other Discretion (OTR): The majority of the portfolio is listed under "Other" discretion, indicating shared or managed authority through other accounts or funds.
- Derivatives: The filing discloses Put options on iShares iBoxx High Yield ETF (2,000,000 shares) and SPDR S&P 500 ETF (1,950,000 shares).
Note: As this is a quarterly snapshot, material changes versus the prior period (December 31, 2024) cannot be calculated without the previous filing.
Guidance, Outlook, and Risks
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 applying current market prices to the share counts listed, as the filing only provides share/principal amounts, not total market value.
- Confirm the specific fund or account structure behind the "Other" (OTR) voting authority designations to understand the true exposure.
- Review the Put option positions on major ETFs to assess hedging strategies employed during the quarter.
- Check for any subsequent filings (e.g., Form 13F-HR amendments) that may have updated these positions post-March 31, 2025.