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., an institutional investment manager. The report covers the period ended September 30, 2015, and was signed on November 16, 2015, by John G. Finley. The filing includes holdings managed by Blackstone Group L.P. and one other included manager, GSO Capital Partners LP.
Key Financial Metrics
As a Form 13F filing, this document reports equity holdings rather than the company's own operating financials (revenue, profit, cash flow). Key metrics from the filing include:
- Total Value of Reported Holdings: $31,138,070,000 (31.1 billion USD).
- Total Number of Holdings Entries: 78.
- Number of Other Included Managers: 1 (GSO Capital Partners LP).
Note: This filing does not provide data on Blackstone's revenue, profit margins, debt, or liquidity. It strictly details the securities held under management discretion.
Material Changes and Specific Holdings
The filing details specific voting authority and ownership structures for several significant positions, noting that some shares are held through affiliated funds or family entities rather than direct investment discretion of the main manager:
- Freescale Semiconductor Ltd: Blackstone-affiliated funds hold 48.02% of Class A limited partnership interests in Freescale LP, representing voting authority over 196,980,050 shares.
- Kosmos Energy Ltd: Includes 1,988,529 shares under the discretion of Blackstone Family GP L.L.C. (controlled by Stephen A. Schwarzman), with total voting authority over 96,552,512 shares.
- Michaels Cos Inc: Includes 1,640,320 shares under the discretion of Blackstone Family GP L.L.C.
- Hudson Pacific Properties Inc: Includes 80,675 shares under the discretion of Blackstone Family GP L.L.C.
- Zimmer Biomet Holdings Inc: Held by LVB Acquisition Holding, LLC, in which Blackstone-affiliated funds hold 24.4% of membership units.
Guidance, Risks, and Contingencies
This filing type does not contain management guidance, outlook, or risk factors regarding the manager's operations. The document includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. The filing notes that certain holdings are subject to the investment discretion of affiliated entities (Blackstone Family GP L.L.C.) rather than the primary reporting manager.
Investor Verification Checklist
- Verify the distinction between shares held under the direct discretion of Blackstone Group L.P. versus those held by affiliated entities like Blackstone Family GP L.L.C.
- Confirm the total aggregate value of $31.1 billion represents only the equity securities reported in this specific 13F table and excludes other asset classes (e.g., private equity, real estate) not required in this form.
- Review the specific voting authority percentages for complex holdings like Freescale Semiconductor and Zimmer Biomet to understand the extent of control.
- Note that this filing does not reflect the financial performance of Blackstone Inc. itself, but rather the portfolio it manages.