SEC Filing Summary: Blackstone Inc. (Form 13F)
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Blackstone Inc. for the reporting period ending June 30, 2014. The document discloses the investment manager's holdings in equity securities, including common stock, preferred stock, and units, as well as derivative positions such as calls and puts.
Key Financial Metrics and Portfolio Composition
The filing details a diversified portfolio of equity positions. Key metrics derived from the table include:
- Total Disclosed Positions: The table lists approximately 40 distinct issuers.
- Largest Holdings by Value:
- Hilton Worldwide Holdings Inc.: $648,992,744 (648,992,744 shares)
- Freescale Semiconductor Ltd.: $196,136,895 (196,136,895 shares)
- Brixmor Property Group Inc.: $142,115,879 (142,115,879 shares)
- Kosmos Energy Ltd.: $112,100,012 (112,100,012 shares)
- La Quinta Holdings Inc.: $82,035,576 (82,035,576 shares)
- Derivative Activity: The filing includes specific call and put positions, including calls on Istar Financial Inc. and YPF Sociedad Anonima, and puts on J.C. Penney, RadioShack, and SPDR Series Trust.
- Voting Authority: Most positions are held with "Sole" voting authority, while others are marked as "Other" (OTR), indicating shared or discretionary management nuances.
Note: This filing does not provide aggregate revenue, profit, cash flow, debt, or liquidity metrics for Blackstone Inc. itself, as Form 13F is strictly a disclosure of securities holdings.
Material Changes and Portfolio Strategy
As this is a standalone snapshot of holdings for the quarter ended June 30, 2014, the document does not explicitly state material changes compared to the prior period (March 31, 2014) within the text provided. However, the presence of significant positions in hospitality (Hilton, La Quinta), real estate (Brixmor, Extended Stay America), and energy (Kosmos, Enlink) suggests a strategic focus on these sectors during this period.
Guidance, Risks, and Contingencies
The filing contains no management commentary, forward-looking guidance, or specific risk disclosures regarding the company's operations. The standard SEC disclaimer notes that the Commission has not reviewed the information for accuracy or completeness.
Key Facts for Investor Verification
- Verify the total aggregate value of the portfolio by summing the "Value" column, noting that this represents only the reported equity securities and not the firm's entire asset base.
- Confirm the voting authority status ("Sole" vs. "Other") for the largest positions to understand the level of control Blackstone exercises over these issuers.
- Review the derivative positions (Calls/Puts) on specific issuers like J.C. Penney and RadioShack to assess hedging strategies or directional bets.
- Cross-reference the share counts for major holdings (e.g., Hilton, Freescale) against public ownership records to determine Blackstone's percentage ownership.