SEC Filing Summary: Blackstone Inc. (13F-HR)
Business Context and Reporting Period
This Form 13F-HR is a quarterly holdings report filed by Blackstone Group Inc. (and six affiliated managers) for the period ended June 30, 2020. The report was signed on August 14, 2020, by John G. Finley. It discloses equity securities held under the investment discretion of the reporting managers.
Key Financial Metrics
As a Form 13F filing, this document reports portfolio holdings rather than the company's operational financial performance (revenue, profit, cash flow, or debt). The following portfolio metrics are disclosed:
- Total Portfolio Value: $23,585,716,000 (reported in thousands).
- Total Number of Holdings: 167 entries.
- Number of Included Managers: 6 (including GSO Capital Partners LP, Blackstone Management Partners L.L.C., Clarus Ventures, LLC, Blackstone Alternative Solutions L.L.C., Blackstone Real Estate Advisors L.P., and Harvest Fund Advisors LLC).
Note: The filing text does not provide values for revenue, profit, margins, debt, or liquidity as these are not applicable to a 13F holdings report.
Material Changes and Disclosures
The filing includes specific disclosures regarding investment discretion and corporate structure:
- 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.
- Information Barrier Termination: The information barrier between Blackstone and its indirect subsidiary, Harvest Fund Advisors LLC (HFA), was terminated in April 2020.
- Non-Discretionary Holdings: The report includes 520,940 shares of Michaels Cos Inc. held under the discretion of Blackstone Family GP L.L.C., not Blackstone Group Inc. directly.
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 equity positions.
Key Facts for Investor Verification
- Verify the total portfolio value of approximately $23.6 billion against the company's broader asset base.
- Confirm the list of 167 specific equity holdings to understand sector exposure.
- Note the termination of the information barrier with Harvest Fund Advisors LLC in April 2020, which may affect future reporting structures.
- Recognize that this report covers only equity securities and does not reflect private equity, real estate, or credit assets managed by Blackstone.