SEC Filing Summary: Blackstone Group L.P. (Form 13F-HR)
Business Context and Reporting Period
This filing is a Form 13F-HR submitted by Blackstone Group L.P. for the quarter ended March 31, 2017. The report discloses equity holdings under the investment discretion of the manager and three other included managers: GSO Capital Partners LP, Blackstone Senfina Advisors L.L.C., and Blackstone Management Partners L.L.C.
Key Financial Metrics
As a Form 13F filing, this document reports portfolio holdings rather than the operating financial performance (revenue, profit, cash flow) of Blackstone Inc. itself. Key metrics disclosed include:
- Total Portfolio Value: $13,074,641,000 (reported in thousands).
- Total Number of Holdings: 44 entries.
- Voting Authority: Represents voting authority over an aggregate of 83,052,512 shares across specific issuers.
- Debt and Liquidity: The filing text does not provide a clear value for the manager's own debt or liquidity positions.
Material Changes and Disclosures
The filing includes specific disclosures regarding shared control and investment discretion:
- Shared Control: Blackstone and Corsair Capital LLC may be deemed to have shared investment discretion with First Eagle Investment Management, LLC, though an information barrier is in place.
- Family GP Holdings: Certain shares of Kosmos Energy Ltd, Michaels Cos Inc, and Performance Food Group Co are held under the discretion of Blackstone Family GP L.L.C. (controlled by Stephen A. Schwarzman) rather than The Blackstone Group L.P., but are included in this report.
- Options: Reported options may include multiple series of call or put options for a single issuer.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, future guidance, or specific risk factors regarding the portfolio's outlook. The document contains a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify the distinction between holdings under Blackstone Group L.P. discretion versus Blackstone Family GP L.L.C. discretion.
- Confirm the total portfolio value of approximately $13.07 billion against the 44 reported holdings.
- Review the specific share counts for Kosmos Energy, Michaels Cos, and Performance Food Group to understand the scope of the Family GP inclusion.
- Note that this filing does not reflect Blackstone Inc.'s operating earnings or cash flow; refer to 10-Q or 10-K filings for operational metrics.