SEC Filing Summary: Blackstone Inc. (13F-HR)
Business Context and Reporting Period
This filing is a Form 13F-HR submitted by Blackstone Group Inc. for the reporting period ended December 31, 2020. The report discloses equity securities held by Blackstone and its affiliates, including eight other included managers such as Blackstone Alternative Credit Advisors LP and Blackstone Real Estate Advisors L.P. The filing was signed on February 16, 2021, by Tabea Y. Hsi, Senior Managing Director.
Key Financial Metrics
As a Form 13F filing, this document reports investment holdings rather than the operating financial performance of Blackstone Inc. itself. Key metrics disclosed include:
- Total Value of Reported Holdings: $28,726,578,000 (28,726,578 thousands).
- Total Number of Securities Reported: 259 entries.
- Number of Included Managers: 8.
Note: This filing does not provide data on Blackstone Inc.'s revenue, profit, cash flow, margins, debt, or liquidity. Those metrics are found in the company's 10-K or 10-Q filings.
Material Changes and Disclosures
The filing includes specific disclosures regarding shared control and investment discretion:
- Shared Control: Blackstone and Corsair Capital LLC may be deemed to have shared control over First Eagle Investment Management, LLC, though an information barrier is in place.
- Investment Discretion: Under Section 13(f), Blackstone and Corsair may be deemed to have shared investment discretion with First Eagle over managed securities.
- Options: Reported options may include multiple series of call or put options for a single issuer.
Guidance, Outlook, and Risks
This document is a regulatory disclosure of holdings and does not contain management commentary, forward-looking guidance, outlook, or risk factors regarding Blackstone's business operations. The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify the total value of reported holdings ($28.7 billion) against Blackstone's total Assets Under Management (AUM) to understand the portion of the portfolio represented by these specific equity positions.
- Review the list of 8 included managers to confirm which specific funds or entities are aggregated in this report.
- Consult Blackstone's 10-K for the fiscal year ended December 31, 2020, for actual revenue, earnings, and liquidity data, as this 13F filing does not contain them.
- Check for subsequent amendments to this filing if holdings changed significantly after the December 31, 2020, quarter-end.