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 quarter ended September 30, 2019. The report discloses equity holdings under the investment discretion of Blackstone and four other included managers: GSO Capital Partners LP, Blackstone Management Partners L.L.C., Clarus Ventures, LLC, and Blackstone Alternative Solutions 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.
- Total Portfolio Value: $17,376,628,000 (reported in thousands).
- Total Number of Holdings: 74 entries.
- Number of Included Managers: 4.
Note: The filing text does not provide values for revenue, profit, margins, debt, or liquidity for Blackstone Inc. as an operating entity.
Material Changes and Disclosures
The filing includes specific disclosures regarding investment discretion and control:
- Michaels Cos Inc: Includes 520,940 shares not under Blackstone's direct discretion but under Blackstone Family GP L.L.C., controlled by Stephen A. Schwarzman.
- First Eagle Investment Management: Blackstone may be deemed to have shared control with Corsair Capital LLC, though an information barrier is in place.
- Harvest Fund Advisors LLC: An indirect subsidiary where Blackstone may be deemed to have shared investment discretion despite an information barrier.
- Options: Reported options may include multiple series of call or put options for a single issuer.
Guidance, Outlook, and Risks
This filing type does not contain management commentary, forward-looking guidance, or risk factors regarding the company's future operations. The primary risk disclosure is the standard SEC disclaimer that the Commission has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify the total portfolio value of approximately $17.38 billion against the specific holdings listed in the attached Information Table (not included in this summary text).
- Confirm the distinction between holdings under direct Blackstone discretion versus those under affiliated entities (e.g., Blackstone Family GP, Harvest Fund Advisors).
- Review the specific 74 security entries to understand sector allocation and concentration risks.
- Check for subsequent amendments or restatements filed after the November 14, 2019 signing date.