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 quarter ended September 30, 2018. The report discloses equity holdings under the investment discretion of the manager and two other included managers: GSO Capital Partners LP and Blackstone Management Partners L.L.C. The report was signed by John G. Finley on November 14, 2018.
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. Key portfolio metrics include:
- Total Portfolio Value: $21,614,803,000 (reported in thousands).
- Total Number of Holdings: 57 entries.
- Number of Included Managers: 2 (GSO Capital Partners LP and Blackstone Management Partners L.L.C.).
The filing text does not provide data on 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 shared control:
- Shared Control: Blackstone may be deemed to have shared investment discretion with First Eagle Investment Management, LLC (alongside Corsair Capital LLC) and Harvest Fund Advisors LLC (an indirect subsidiary), despite information barriers.
- Family GP Holdings: Certain shares of Kosmos Energy Ltd (995,919 shares) and Michaels Cos Inc (520,940 shares) are reported but are under the discretion of Blackstone Family GP L.L.C., controlled by Stephen A. Schwarzman, rather than The Blackstone Group L.P. directly.
- 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 $21.6 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 Group L.P. discretion versus those under Blackstone Family GP L.L.C. or shared control arrangements.
- Review the specific 57 holdings to understand sector concentration and top positions.
- Note that this document does not reflect Blackstone Inc.'s own earnings, debt levels, or cash flow; refer to 10-Q or 10-K filings for operational metrics.