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 March 31, 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 May 15, 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: $19,890,786,000 (approximately $19.89 billion).
- Total Number of Holdings: 62 entries.
- Voting Authority: Represents voting authority over an aggregate of 83,052,512 shares (specifically noted for certain holdings).
Note: Revenue, profit margins, debt levels, and liquidity metrics for Blackstone Inc. are not provided in this filing.
Material Changes and Disclosures
The filing includes specific footnotes regarding investment discretion and shared control:
- Shared Control: Blackstone may be deemed to have shared investment discretion with First Eagle Investment Management, LLC (alongside Corsair Capital) and Harvest Fund Advisors LLC (HFA), despite information barriers.
- Family GP Holdings: Certain shares of Kosmos Energy Ltd (1,061,882 shares) and Michaels Cos Inc (520,940 shares) are under the discretion of Blackstone Family GP L.L.C., controlled by Stephen A. Schwarzman, rather than The Blackstone Group L.P. directly.
- Options: Reported options may include multiple series of call or put options for a single issuer.
Guidance, Outlook, and Risks
This filing does not contain management commentary, forward-looking guidance, or specific risk factors regarding Blackstone'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 distinction between holdings under Blackstone Group L.P. versus those under Blackstone Family GP L.L.C. (e.g., Kosmos Energy, Michaels Cos).
- Confirm the total portfolio value of ~$19.89 billion against other public disclosures for the same period.
- Review the specific 62 holdings listed in the attached Information Table (not included in this text summary) to assess sector concentration.
- Note that this report covers only equity securities; debt holdings and private equity assets are not detailed here.