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. for the quarter ended June 30, 2018. The report discloses equity securities held under the investment discretion of the manager and two other included managers: GSO Capital Partners LP and Blackstone Management Partners L.L.C. The filing was signed by John G. Finley on August 14, 2018.
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: $19,673,948,000 (reported in thousands).
- Total Number of Holdings: 89 entries in the Information Table.
- Number of Included Managers: 2 (in addition to the primary filer).
Note: The filing text does not provide values for revenue, profit, margins, debt, or liquidity for Blackstone Inc. as an operating entity.
Material Changes and Disclosures
The filing includes specific footnotes regarding investment discretion and shared control:
- Shared Control (First Eagle): Blackstone and Corsair Capital LLC may be deemed to have shared investment discretion over securities managed by First Eagle Investment Management, LLC, despite an information barrier.
- Shared Control (Harvest Fund Advisors): Blackstone may be deemed to have shared investment discretion with its indirect subsidiary, Harvest Fund Advisors LLC.
- Family GP Holdings: Specific shares of Kosmos Energy Ltd (1,061,882 shares) and Michaels Cos Inc (520,940 shares) are reported but are under the discretion of Blackstone Family GP L.L.C., not The Blackstone Group L.P. directly.
Guidance, Outlook, and Risks
This filing type does not contain management commentary, forward-looking guidance, or risk factors regarding the company's future operations. It is a statutory disclosure of current equity positions. The standard SEC disclaimer applies: the Commission has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify the total portfolio value of approximately $19.67 billion against the specific holdings listed in the attached Information Table.
- Confirm the distinction between securities under the direct discretion of Blackstone Group L.P. versus those under Blackstone Family GP L.L.C. (specifically Kosmos Energy and Michaels Cos).
- Review the implications of shared investment discretion with First Eagle Investment Management and Harvest Fund Advisors on the reported holdings.
- Check for any subsequent amendments or restatements filed after August 14, 2018.