SEC Filing Summary: Blackstone Group L.P. (Form 13F-HR)
Business Context and Reporting Period
This filing is a Form 13F-HR submitted by Blackstone Group L.P., an institutional investment manager, for the quarter ended December 31, 2017. The report was signed on February 14, 2018, by John G. Finley. The filing covers securities held under the investment discretion of Blackstone Group L.P. and includes three other affiliated managers: GSO Capital Partners LP, Blackstone Management Partners L.L.C., and Harvest Fund Advisors LLC.
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 metrics from this specific filing include:
- Total Portfolio Value: $24,563,868,000 (reported in thousands).
- Total Number of Holdings: 102 entries.
- Voting Authority: Represents voting authority over an aggregate of 83,052,512 shares (specifically noted for certain holdings).
- Operating Metrics: Revenue, profit, margins, debt, and liquidity figures for Blackstone Inc. are not provided in this filing type.
Material Changes and Disclosures
The filing text does not provide a comparative analysis of changes versus the prior period. However, it includes specific disclosures regarding investment discretion and control:
- Shared Control: Blackstone and Corsair Capital LLC may be deemed to have shared investment discretion with First Eagle Investment Management, LLC, though an information barrier is in place.
- Family GP Holdings: Certain shares of Kosmos Energy Ltd (1,061,882 shares) and Michaels Cos Inc (520,940 shares) are not under the direct discretion of Blackstone Group L.P. but are under the discretion of Blackstone Family GP L.L.C., controlled by Stephen A. Schwarzman.
Guidance, Outlook, and Risks
This filing type does not contain management commentary, forward-looking guidance, or specific risk factors regarding the company's future operations. The standard SEC disclaimer notes that the Commission has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify the distinction between the reported portfolio value ($24.56 billion) and Blackstone Inc.'s own operating financials, which are found in 10-Q or 10-K filings.
- Confirm the specific holdings within the 102 entries to understand sector exposure, as the summary text does not list individual securities.
- Note the shared control arrangement with First Eagle Investment Management and the specific holdings managed by the Blackstone Family GP.
- Check subsequent filings for updates on the 102 holdings, as this report is static to the December 31, 2017 period.