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, 2020. The report discloses equity holdings under the investment discretion of Blackstone and six other included managers. The filing was signed by Tabea Y. Hsi, Managing Director, on November 16, 2020.
Key Financial Metrics
As a Form 13F, this document reports portfolio holdings rather than the operating financial performance (revenue, profit, cash flow) of Blackstone Inc. itself. Key metrics disclosed include:
- Total Portfolio Value: $25,785,853,000 (reported in thousands).
- Total Number of Holdings: 185 entries.
- Number of Included Managers: 6 additional managers are included in this consolidated report.
Note: Revenue, profit margins, debt levels, and liquidity metrics for Blackstone Inc. are not provided in this filing.
Material Changes and Portfolio Composition
The filing does not provide a comparative table of changes versus the prior period (June 30, 2020). However, it discloses specific structural details regarding 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.
- Excluded Discretion: The report includes 520,940 shares of Michaels Cos Inc. that are under the discretion of Blackstone Family GP L.L.C., not Blackstone Group Inc. directly.
- Options: Reported options may include multiple series of call or put options for a single issuer.
Guidance, Risks, and Contingencies
This filing type does not contain management guidance, outlook, or risk factors regarding the company's future operations. The primary disclosure relates to regulatory compliance regarding the reporting of equity securities.
Investor Verification Checklist
- Verify the total portfolio value of approximately $25.8 billion against the prior quarter's 13F filing to assess net buying or selling activity.
- Review the specific holdings list (not included in this summary text) to identify top 10 positions and sector concentration.
- Confirm the distinction between holdings under Blackstone Group Inc. discretion versus the six other included managers (e.g., GSO Capital Partners, Blackstone Real Estate Advisors).
- Check for any amendments or restatements filed after November 16, 2020.