SEC Filing Summary: Blackstone Inc. (13F-HR)
Business Context and Reporting Period
This filing is a Form 13F-HR submitted by Blackstone Group Inc. for the quarter ended March 31, 2020. The report discloses equity holdings under the investment discretion of Blackstone and five other included managers. The filing was signed by John G. Finley on May 15, 2020.
Key Financial Metrics
As a Form 13F, this document reports portfolio holdings rather than the company's operational financial performance (revenue, profit, cash flow, or debt). The following portfolio metrics are disclosed:
- Total Portfolio Value: $13,783,043,000 (reported in thousands).
- Total Number of Holdings: 83 entries.
- Number of Included Managers: 5 additional managers are included in this consolidated report.
Material Changes and Portfolio Composition
The filing text does not provide a comparative table against the prior period (December 31, 2019) to quantify material changes in holdings or value. However, the report includes specific disclosures regarding investment discretion and control:
- Michaels Cos Inc: Includes 520,940 shares not under Blackstone's direct discretion but under Blackstone Family GP L.L.C., controlled by Stephen A. Schwarzman.
- First Eagle Investment Management: Blackstone may share control with Corsair Capital LLC, though an information barrier exists.
- Harvest Fund Advisors LLC: An indirect subsidiary where Blackstone may share investment discretion despite an information barrier.
Guidance, Risks, and Contingencies
This filing type does not contain management guidance, outlook, or operational risk commentary. The primary legal contingency noted is the SEC disclaimer that the Commission has not reviewed the information for accuracy or completeness. The report also notes that options reported may include multiple series of call or put options.
Key Facts for Investor Verification
- Verify the total portfolio value of approximately $13.78 billion against the company's broader asset base, as 13F reports only cover specific equity holdings.
- Confirm the specific breakdown of the 83 holdings to understand sector exposure, as the text lists only the aggregate count.
- Review the "Other Included Managers" list (GSO Capital Partners, Blackstone Management Partners, Clarus Ventures, Blackstone Alternative Solutions, Blackstone Real Estate Advisors) to understand the scope of consolidated reporting.
- Note that operational financial metrics (revenue, EBITDA, debt levels) are not present in this filing and must be sourced from 10-Q or 10-K reports.