SEC Form 13F Summary: Blackstone Inc.
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Blackstone Inc. for the reporting period ending December 31, 2013. The form 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 investment portfolio.
Portfolio Holdings and Key Metrics
The filing lists 32 distinct holdings across various sectors including real estate, energy, consumer discretionary, and technology. The total value of reported holdings is not explicitly summed in the text, but individual positions range from approximately $83,000 to over $752 million.
- Largest Position: Hilton Worldwide Holdings Inc. (752,492,744 value; 16,742,964 shares).
- Significant Real Estate Holdings: Brixmor Property Group Inc. (161,494,622 value), Extended Stay America Inc. (55,711,592 value), Pinnacle Foods Inc. (59,974,145 value).
- Energy Sector: Kosmos Energy Ltd (112,100,012 value), CrossTex Energy Inc (7,000,000 value), PBF Energy Inc (25,902,327 value).
- Derivatives: The filing includes Put and Call options for several issuers, including Fidelity National Financial, MBIA Inc., and J.C. Penney.
Material Changes and Voting Authority
The filing does not provide comparative data against the prior period (September 30, 2013) to determine material changes in position size. Voting authority is categorized as follows:
- Sole Discretion: Held for major positions including Hilton Worldwide, Brixmor Property Group, and Kosmos Energy.
- Other (OTR): Held for positions such as Beazer Homes, Eastman Kodak, and Freescale Semiconductor.
- Shared/None: No positions were reported with "Shared" or "None" voting authority in this specific table.
Guidance, Risks, and Contingencies
As a statutory disclosure of holdings, this Form 13F does not contain management commentary, forward-looking guidance, risk factors, or contingency disclosures. The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy or completeness.
Key Facts for Investor Verification
- Verify the total aggregate value of the portfolio by summing the "Value" column, as the filing does not provide a total.
- Confirm the nature of "Other" (OTR) voting authority for specific holdings like Freescale Semiconductor and Eastman Kodak to understand potential co-investment structures.
- Review the Put/Call positions (e.g., J.C. Penney, MBIA) to assess hedging strategies or directional bets on those specific issuers.
- Note that the filing lists "Blackstone Mtg Tr Inc" as a holding, indicating an investment in a Blackstone-managed mortgage trust.