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, 2014. The document discloses the equity securities held by the investment manager at the end of the quarter. It does not contain financial statements regarding Blackstone's own operational revenue, profit, or cash flow.
Key Financial Metrics and Portfolio Composition
The filing details a portfolio of 48 distinct equity positions. The total value of reported holdings is not explicitly summed in the text, but individual position values are provided in thousands of dollars. Key portfolio characteristics include:
- Largest Holdings by Value: Hilton Worldwide Holdings Inc. ($648,992,744), Freescale Semiconductor Ltd ($196,136,895), and Brixmor Property Group Inc ($142,306,696).
- Significant Holdings: Kosmos Energy Ltd ($96.6M), La Quinta Holdings Inc ($82.0M), Michaels Cos Inc ($81.5M), and Catalent Inc ($73.8M).
- Derivatives: The portfolio includes call options (e.g., Istar Financial, YPF) and put options (e.g., RadioShack, SPDR Series Trust).
- Voting Authority: Blackstone exercised sole voting authority for the majority of positions, with shared or other authority noted for specific issuers like Ally Financial and Arch Coal.
Material Changes and Portfolio Activity
As a quarterly snapshot, this filing does not provide comparative data against the prior period (June 30, 2014) within the text provided. Therefore, specific material changes in position size or new entries versus exits cannot be quantified from this document alone. The presence of both call and put options indicates active derivative strategies alongside long equity positions.
Guidance, Risks, and Contingencies
The filing contains no management commentary, forward-looking guidance, or specific risk disclosures regarding Blackstone's future performance. The document includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing the "Value" column, as the total is not explicitly stated.
- Compare these holdings against the Q2 2014 13F filing to identify specific buy/sell activity.
- Review the "Other" voting authority entries (e.g., Ally Financial, Arch Coal) to understand the nature of shared control or special arrangements.
- Confirm the status of the derivative positions (calls/puts) to assess potential hedging or leveraged exposure.