SEC Filing Summary: Blackstone Group L.P. (13F-HR)
Business Context and Reporting Period
This filing is a Form 13F-HR submitted by Blackstone Group L.P., an institutional investment manager, for the quarter ended March 31, 2019. The report was signed on May 15, 2019, by John G. Finley. The filing covers investment holdings under the discretion of Blackstone Group L.P. and includes four other affiliated managers: GSO Capital Partners LP, Blackstone Management Partners L.L.C., Clarus Ventures, LLC, and Blackstone Alternative Solutions 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 from this specific filing include:
- Total Portfolio Value: $20,565,931,000 (reported in thousands).
- Total Number of Holdings: 76 entries.
- Number of Included Managers: 4 additional managers besides the primary filer.
Note: Revenue, profit margins, debt levels, and liquidity ratios for Blackstone Inc. are not provided in this filing type.
Material Changes and Disclosures
The filing does not provide a comparative analysis of changes versus the prior period. However, it includes specific disclosures regarding investment discretion and shared control:
- Shared Control Disclosures: The report notes shared investment discretion with First Eagle Investment Management, LLC (alongside Corsair Capital LLC) and Harvest Fund Advisors LLC (an indirect subsidiary), despite the existence of information barriers.
- Family GP Holdings: Specific shares of Kosmos Energy Ltd (545,566 shares) and Michaels Cos Inc (520,940 shares) are reported as being under the discretion of Blackstone Family GP L.L.C., controlled by Stephen A. Schwarzman, rather than The Blackstone Group L.P. directly.
- Options: The filing indicates that reported options may include multiple series of call or put options for a single issuer.
Guidance, Outlook, and Risks
This filing contains no management commentary, forward-looking guidance, or specific risk factors regarding the company's future operations. The primary legal disclaimer states that the SEC has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify the total portfolio value of approximately $20.57 billion against the firm's broader 10-Q or 10-K filings for the same period to understand the proportion of assets under management represented here.
- Confirm the specific breakdown of the 76 holdings to identify top sector concentrations, as the text provided lists only the aggregate count.
- Review the "Other Included Managers" list to ensure all affiliated entities (GSO, Clarus, etc.) are accounted for in the total asset calculation.
- Check subsequent filings for changes in the shared control arrangements with First Eagle and Harvest Fund Advisors.