SEC Filing Summary: Blackstone Group L.P. (Form 13F-HR)
Business Context and Reporting Period
This filing is a Form 13F-HR submitted by Blackstone Group L.P., an institutional investment manager, for the quarter ended March 31, 2016. The report was signed by John G. Finley on May 16, 2016. The filing covers securities held under the investment discretion of Blackstone Group L.P. and includes holdings for three other affiliated managers: GSO Capital Partners LP, Blackstone Senfina Advisors L.L.C., and Blackstone Management Partners L.L.C.
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 from this specific filing include:
- Total Portfolio Value: $23,591,653,000 (reported in thousands).
- Total Number of Holdings: 67 entries.
- Voting Authority: Represents voting authority over an aggregate of 96,552,512 shares across reported positions.
- Debt and Liquidity: Not applicable; this form does not disclose the manager's corporate debt or liquidity positions.
Material Changes and Disclosures
The filing does not provide a comparative table of changes versus the prior period. However, it includes specific disclosures regarding shared control and investment discretion:
- Shared Control: Blackstone and Corsair Capital LLC may be deemed to have shared investment discretion with First Eagle Investment Management, LLC, though an information barrier is in place.
- Family GP Discretion: Specific share counts for Kosmos Energy Ltd, Michaels Cos Inc, Hudson Pac Pptys Inc, NXP Semiconductors N V, and Performance Food Group Co are noted as being under the discretion of Blackstone Family GP L.L.C. (controlled by Stephen A. Schwarzman) rather than Blackstone Group L.P., though they are included in this report.
- Options: Reported options may include multiple series of call or put options for a single issuer.
Guidance, Outlook, and Risks
This filing contains no management commentary, forward-looking guidance, or outlook for Blackstone Inc.'s business operations. The primary risk disclosure is the standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. The filing also notes the complexity of shared control arrangements with affiliates like Corsair Capital and First Eagle.
Investor Verification Checklist
- Verify the distinction between holdings under Blackstone Group L.P. discretion versus Blackstone Family GP L.L.C. discretion for the specific tickers listed in footnotes (A) through (E).
- Confirm the total portfolio value of approximately $23.6 billion represents only the equity holdings reported in this specific 13F and does not include private equity, real estate, or credit assets managed by Blackstone.
- Review the "Other Included Managers" list to understand the scope of the consolidated reporting for GSO Capital Partners and other affiliates.
- Note that this document does not reflect Blackstone Inc.'s (BX) own financial health, revenue, or debt levels; refer to 10-Q or 10-K filings for that data.