Business Context and Reporting Period
This Form 13F-HR filing is submitted by The Carlyle Group L.P. for the quarter ended June 30, 2012. The report discloses equity holdings and investment discretion exercised by the institutional investment manager. The filing includes holdings reported by two other affiliated managers: Carlyle Investment Management L.L.C. and CIM Global, L.L.C.
Key Financial Metrics
As this is a Form 13F filing, it reports portfolio holdings rather than the operating financial performance (revenue, profit, cash flow) of The Carlyle Group itself. Key portfolio metrics include:
- Total Portfolio Value: $15,494,577 (in thousands), totaling approximately $15.49 billion.
- Number of Holdings: 34 distinct entries reported in the information table.
- Top Holdings by Value:
- Kinder Morgan Inc: $2,404,907 (thousands)
- Freescale Semiconductor Hldg: $2,010,403 (thousands)
- Cobalt Intl Energy Inc: $1,479,460 (thousands)
- Booz Allen Hamilton Hldg Cor: $1,402,851 (thousands)
- Allison Transmission Hldgs I: $1,323,124 (thousands)
- Debt and Liquidity: The filing text does not provide data on the manager's corporate debt, liquidity, or operating margins.
Material Changes
The filing text does not provide comparative data for the prior quarter or year. Consequently, material changes in holdings, value, or strategy versus the prior comparable period cannot be determined from this document alone.
Guidance, Outlook, and Risks
- Management Commentary: The filing contains no forward-looking guidance, earnings outlook, or strategic commentary.
- Risks and Contingencies: The report includes a standard disclaimer stating that the filing does not constitute an admission of beneficial ownership or investment discretion for all listed securities. It notes that for certain rows, the Reporting Manager does not serve as adviser or have formal investment discretion but may be part of an affiliated group.
- Unusual Items: The portfolio includes a mix of common stock, limited partnership units, and debt instruments (e.g., YRC Worldwide Inc Notes). Several holdings are marked with "Shared-Defined" or "Shared-Other" voting authority.
Important Facts for Investor Verification
- Scope of Discretion: Verify which specific holdings represent direct investment discretion versus those where discretion is shared or exercised by affiliated managers (Carlyle Investment Management L.L.C. and CIM Global, L.L.C.).
- Portfolio Concentration: The top five holdings represent a significant portion of the reported $15.49 billion total value.
- Asset Class Mix: Confirm the exposure to non-equity instruments, specifically the YRC Worldwide Inc Notes, which appear as debt holdings within the equity-focused 13F report.
- Reporting Limitations: Acknowledge that this document reflects only long positions in equity securities and does not disclose short positions, derivatives, or the operating financial health of The Carlyle Group L.P.