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, 2015. The report discloses equity securities held by the manager and certain affiliated entities. The filing includes holdings for one other included manager: GSO Capital Partners LP (File Number 28-12332).
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 Group L.P. itself. Key metrics disclosed include:
- Total Portfolio Value: $36,612,587,000 (reported in thousands).
- Total Number of Holdings: 58 entries in the Information Table.
- Number of Other Included Managers: 1.
Note: The filing text does not provide data on Blackstone's revenue, profit margins, debt levels, or liquidity positions.
Material Changes and Portfolio Composition
The filing details specific ownership structures and voting authorities for several significant positions, noting that certain shares are held under the discretion of affiliated entities rather than Blackstone Group L.P. directly:
- Freescale Semiconductor Ltd: Blackstone-affiliated funds hold 48.02% of Class A limited partnership interests in Freescale LP, representing voting authority over approximately 196.1 million shares.
- Kosmos Energy Ltd: Includes 2.1 million shares under the discretion of Blackstone Family GP L.L.C., with total voting authority over approximately 96.6 million shares.
- Nielsen Holdings N.V: Represents a proportionate interest in approximately 36.3 million shares held by Valcon Acquisition Holding (Luxembourg) S.a.r.l.
- Orbitz Worldwide Inc: Shares are under the discretion of Blackstone LR Associates (Cayman) V Ltd.
- Michaels Cos Inc & Pinnacle Foods Inc: Specific share counts are noted as being under the discretion of Blackstone Family GP L.L.C.
Guidance, Risks, and Contingencies
The filing contains standard regulatory disclaimers stating that the SEC has not reviewed the information for accuracy or completeness. It does not provide forward-looking guidance, management commentary on market outlook, or specific risk factors related to Blackstone's operations. The document focuses strictly on the disclosure of current equity holdings and voting authority as of the reporting date.
Investor Verification Checklist
- Verify the total portfolio value of approximately $36.6 billion against the sum of individual holdings in the full Information Table.
- Confirm the distinction between shares held directly by Blackstone Group L.P. versus those held by affiliated entities (e.g., Blackstone Family GP L.L.C., GSO Capital Partners LP).
- Review the specific voting authority percentages for major private equity portfolio companies like Freescale Semiconductor and Nielsen Holdings.
- Check for any amendments or restatements filed subsequent to the May 15, 2015 signing date.