SEC Filing Summary: Blackstone Group L.P. (13F-HR)
Business Context and Reporting Period
This Form 13F-HR is a quarterly holdings report filed by Blackstone Group L.P. for the period ended June 30, 2017. The report was signed on August 14, 2017, by John G. Finley. It covers the investment portfolio managed by Blackstone Group L.P. and includes two other affiliated managers: GSO Capital Partners LP and Blackstone Management Partners L.L.C.
Key Financial Metrics
As a Form 13F filing, this document reports equity holdings rather than the company's own operational financials (revenue, profit, cash flow). Key portfolio metrics include:
- Total Portfolio Value: $11,150,921,000 (11.15 billion).
- Total Number of Holdings: 42 entries.
- Voting Authority: Represents voting authority over an aggregate of 83,052,512 shares.
- Debt and Liquidity: Not applicable; this form does not report the manager's balance sheet, debt levels, or liquidity positions.
Material Changes and Portfolio Composition
The filing does not provide a comparative table of changes versus the prior quarter (March 31, 2017). However, it discloses specific nuances regarding investment discretion:
- Kosmos Energy Ltd: Includes 1,061,882 shares under the discretion of Blackstone Family GP L.L.C. (controlled by Stephen A. Schwarzman), not Blackstone Group L.P.
- Michaels Cos Inc: Includes 520,940 shares under the discretion of Blackstone Family GP L.L.C.
- First Eagle Investment Management: Blackstone and Corsair Capital LLC may be deemed to have shared investment discretion over securities managed by First Eagle, despite an information barrier.
Guidance, Risks, and Contingencies
This filing type does not contain management guidance, outlook, or operational risk commentary. The primary disclosure relates to regulatory compliance and the scope of investment discretion across affiliated entities. The filing explicitly states that the SEC has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify the total portfolio value of $11.15 billion against the specific holdings listed in the attached Information Table (not included in this summary text).
- Confirm the distinction between shares under Blackstone Group L.P. discretion versus those under Blackstone Family GP L.L.C. discretion.
- Review the full list of 42 holdings to identify specific sector concentrations and top positions.
- Note that this report does not reflect Blackstone's own corporate financial performance (revenue, EBITDA, etc.), which would be found in 10-Q or 10-K filings.