SEC Filing Summary: Blackstone Inc. (Form 13F)
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Blackstone Inc. for the reporting period ending September 30, 2018. The document discloses the equity securities held by the investment manager at the end of the quarter. It does not contain financial performance data (revenue, profit, cash flow) for Blackstone Inc. itself, but rather a list of its external portfolio holdings.
Key Financial Metrics and Portfolio Composition
The filing details specific holdings, including share counts, value (in thousands), and voting authority. Key portfolio positions include:
- Invitation Homes Inc.: 5,038,948 shares valued at $219,945,349 (Sole voting authority).
- Gates Industrial Corporation P: 4,311,401 shares valued at $221,097,482 (Other voting authority).
- Cheniere Energy Partners LP: 7,931,079 units valued at $200,990,333 (Other voting authority).
- Vivint Solar Inc.: 428,269 shares valued at $82,359,374 (Other voting authority).
- Blackstone Mortgage Trust Inc.: 169,302 shares valued at $5,052,288 (Sole voting authority).
The filing lists holdings across various sectors including Real Estate (REITs), Energy, Consumer Discretionary, and Technology. Voting authority is categorized as "Sole," "Shared," or "None" (Other).
Material Changes and Comparisons
The provided text contains only the snapshot of holdings for the quarter ended September 30, 2018. It does not include data for the prior comparable period (June 30, 2018). Therefore, material changes in position size, new entries, or exits cannot be determined from this document alone.
Guidance, Outlook, and Risks
This Form 13F filing does not contain management commentary, forward-looking guidance, risk factors, or contingency disclosures. It is a statutory disclosure of holdings required by the Securities and Exchange Commission.
Investor Verification Checklist
- Verify the total aggregate value of the disclosed portfolio against Blackstone's quarterly earnings reports to understand the proportion of assets under management represented here.
- Confirm the distinction between "Sole" and "Other" voting authority to assess Blackstone's direct control versus managed accounts.
- Check subsequent filings (Q4 2018) to determine if the large positions in Invitation Homes and Gates Industrial were maintained, increased, or liquidated.
- Note that the filing includes derivative positions (e.g., Put options on First Hawaiian Inc. and SPDR S&P 500 ETF) which may indicate hedging strategies not fully detailed in the share counts.