Business Context and Reporting Period
This filing is a Form 13F-HR submitted by Blackstone Group Inc. (and its affiliates) for the reporting period ended March 31, 2021. The report discloses equity securities held by the institutional investment manager and eight other included managers, including Blackstone Alternative Credit Advisors LP and Blackstone Real Estate Advisors L.P.
Key Financial Metrics
As a Form 13F filing, this document reports portfolio holdings rather than the company's operational financial performance (e.g., revenue, profit, or cash flow). The filing provides the following aggregate data regarding the reported securities:
- Total Value of Reported Securities: $47,760,830,000 (47,760,830 thousands)
- Total Number of Holdings Entries: 500
- Number of Other Included Managers: 8
Note: The filing text does not provide values for revenue, profit, margins, debt, or liquidity as these are not required in a 13F-HR.
Material Changes and Disclosures
The filing includes specific disclosures regarding investment discretion and control:
- Shared Control: Blackstone and Corsair Capital LLC may be deemed to have shared control over First Eagle Investment Management, LLC, though an information barrier is in place.
- Investment Discretion: Under Section 13(f), Blackstone and Corsair may be deemed to have shared investment discretion with First Eagle over managed securities.
- Options: Reported options may include multiple series of call or put options for a single issuer.
Guidance, Outlook, and Risks
This document is a regulatory disclosure of holdings and does not contain management commentary, forward-looking guidance, risk factors, or contingency plans. The SEC disclaimer states that the Commission has not reviewed the information for accuracy or completeness.
Key Facts for Investor Verification
- Verify the total portfolio value of approximately $47.76 billion represents only the equity securities required to be reported under Section 13(f), excluding non-reportable assets.
- Confirm the scope of the 8 additional included managers to understand the full breadth of the reported portfolio.
- Note that the filing was signed on May 17, 2021, by Tabea Hsi, Senior Managing Director.
- Understand that this filing does not reflect Blackstone's own corporate financial health, only its investment positions.