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, 2017. 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 snapshot of its external investment portfolio.
Key Financial Metrics and Portfolio Composition
The filing lists 38 distinct holdings across various sectors, including energy, real estate, consumer discretionary, and technology. The total value of reported securities is not explicitly summed in the text, but individual position values are provided in thousands of dollars.
- Largest Holdings by Value:
- Invitation Homes Inc: $219,945,349
- Cheniere Energy Partners LP: $200,080,055
- Vivint Solar Inc: $82,359,374
- Kosmos Energy Ltd: $53,052,512
- Hilton Worldwide Holdings Inc: $32,987,669
- Investment Authority: Most positions are held with "Sole" voting authority, while others are marked as "Other" (OTR), indicating shared or managed authority.
- Instrument Types: The portfolio consists primarily of common stock (SH), with minor positions in principal amounts (PRN) for notes and put options.
Material Changes and Comparisons
The filing text provided does not include data for the prior comparable period (June 30, 2017). Consequently, material changes in position size, new acquisitions, or divestitures cannot be calculated from this document alone.
Guidance, Outlook, and Risks
As a statutory disclosure of holdings, this Form 13F does not contain management commentary, forward-looking guidance, risk factors, or contingency plans. The document includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness.
Key Facts for Investor Verification
- Portfolio Concentration: Verify the concentration risk in the top 5 holdings, which represent a significant portion of the disclosed portfolio value.
- Energy Sector Exposure: Confirm the strategic rationale for significant holdings in energy-related entities (Cheniere, Kosmos, Sanchez, Sandridge, Warrior Met Coal).
- Real Estate Focus: Note the substantial investment in Invitation Homes and other real estate-related entities (Blackstone Mtg Tr, Ellington Residential).
- Voting Control: Distinguish between positions where Blackstone has "Sole" voting authority versus "Other" authority to understand the level of active control.
- Data Limitations: Acknowledge that this filing reflects only long-term equity positions and does not disclose short positions, derivatives (other than listed puts), or private equity holdings.