SEC Filing Summary: Blackstone Group L.P. (13F-HR)
Business Context and Reporting Period
This filing is a Form 13F-HR submitted by Blackstone Group L.P. for the reporting period ended December 31, 2016. The report was signed on February 14, 2017, by John G. Finley. It discloses equity securities held under the investment discretion of the manager and three other included managers: GSO Capital Partners LP, Blackstone Senfina Advisors L.L.C., and Blackstone Management Partners L.L.C.
Key Financial Metrics
As a Form 13F filing, this document reports portfolio holdings rather than the operating financial performance of Blackstone Inc. itself. Consequently, data regarding revenue, profit, cash flow, margins, debt, and liquidity for Blackstone Inc. is not present in this text.
- Total Portfolio Value Reported: $16,164,393,000 (16,164,393 thousands)
- Total Number of Holdings: 42 entries
- Voting Authority: Represents voting authority over an aggregate of 96,552,512 shares (specific to certain holdings).
Material Changes and Portfolio Composition
The filing does not provide a comparative table against the prior quarter to explicitly state material changes in holdings. However, it notes specific nuances regarding investment discretion:
- Shared Discretion: Certain shares of Kosmos Energy Ltd, Michaels Cos Inc, Hudson Pac Pptys Inc, and Performance Food Group Co are held under the discretion of Blackstone Family GP L.L.C. (controlled by Stephen A. Schwarzman) rather than The Blackstone Group L.P. directly.
- Shared Control: Blackstone may be deemed to have shared control over First Eagle Investment Management, LLC with Corsair Capital LLC, though an information barrier is in place.
Guidance, Risks, and Contingencies
This filing type does not contain management commentary, forward-looking guidance, or risk factors regarding the company's operations. The primary disclosure relates to the regulatory requirement to report holdings and the specific attribution of investment discretion among affiliated entities.
Key Facts for Investor Verification
- Portfolio Size: Verify the total reported value of approximately $16.16 billion against other filings to track asset growth.
- Discretionary Nuances: Confirm which specific holdings are under the direct discretion of Blackstone Group L.P. versus Blackstone Family GP L.L.C., as this affects attribution of investment decisions.
- Affiliate Relationships: Note the shared control relationship with First Eagle Investment Management and Corsair Capital, which may influence voting patterns or conflict of interest assessments.
- Missing Data: Do not use this document to assess Blackstone Inc.'s profitability, debt levels, or operational cash flow; refer to 10-K or 10-Q filings for those metrics.