NYSE · Financials

Blackstone Inc Com BX

Blackstone Group is the world's largest alternative asset management company, with assets under management exceeding US$1.3 trillion, and its business covers private equity, real estate, credit insurance and multi-asset investments. The company makes profits through management fees and excess performance commissions, with distributable income reaching US$1.8 billion in the first quarter. AI infrastructure, energy and private equity credit drive growth. As a benchmark for alternative asset management, its performance is affected by capital inflows, investment exits and valuation fluctuations. It is the core benchmark for observing global alternative investment trends.

Alternative Asset Management

Company profile

Business mix

  • The company obtains management fees and performance commissions through four major sectors: private equity, real estate, credit and insurance, and multi-asset investment. Among them, private equity contributes the most realized performance income.
  • The proportion of sustainable capital in trillion-level AUM continues to increase, driving recurring charges while expanding scale through flagship strategic fundraising and new products (such as public data centers).

Current key questions

  • Amid high interest rates and geopolitical risks, the timing of IPOs and asset sales is critical to performance, and slower exit realizations may suppress earnings.
  • The credit and insurance sector's earnings declined due to reduced liquidity, diverging from the strong growth of the private equity and multi-asset sectors, and attention needs to be paid to the balance of profitability.
  • Although the expansion of retail channels and the inflow of private wealth customers have brought about growth, they also face redemption pressure caused by liquidity sensitivity and market fluctuations.
  • If the high accrual performance commission (net accruals of US$7 billion) cannot be realized in time, it may affect forward dividends and market expectations.
Holders 3 Current sample portfolio
Public mentions 0 Videos / interviews / letters
Valuation snapshot
PE 29.6 FCF 3.12% Buyback -1.82%
2026-06-07

Current firm holders

Firm Weight Value Filing period
Edgewood Management 1.9% $289.1M 2026-03-31
Markel Group Tom Gayner 1.2% $141.3M 2026-03-31
Soros Fund Management George Soros 0.2% $19.9M 2026-03-31

Recent trading changes over the last 4 quarters

Net buyers 1 Last 4 13F filing periods
Net reducers 2 Last 4 13F filing periods
Unchanged holders 1 Share count unchanged
Increase amount $19.9M Estimated from net added shares
Reduction amount $826.5M Estimated from net reduced shares
Net share change / base shares -63.6% -7,013,955 / 11,024,846
Soros Fund Management George Soros 1 filing periods
13F 2026-03-31 Filed 2026-05-15
New Shares - 13F value change +$19.9M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 0 Last 4 periods +173,489 (New) Total shares 173,489 Value $19.9M
Baron Capital Ron Baron 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Minor increase Shares 12.6% 13F value change +$14.6M
13F 2025-09-30 Filed 2025-11-14
Minor increase Shares 7.4% 13F value change +$19.4M
13F 2025-12-31 Filed 2026-02-17
Minor reduction Shares -5.9% 13F value change -$15.9M
13F 2026-03-31 Filed 2026-05-15
Major reduction Shares -83.7% 13F value change -$78.5M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 509,556 Last 4 periods -414,957 (-81.4%) Total shares 94,599 Value $10.9M
Edgewood Management 4 filing periods
13F 2025-06-30 Filed 2025-08-13
Minor reduction Shares -7.0% 13F value change -$6.4M
13F 2025-09-30 Filed 2025-11-12
Minor reduction Shares -8.9% 13F value change +$52.2M
13F 2025-12-31 Filed 2026-02-12
Major reduction Shares -26.9% 13F value change -$457.1M
13F 2026-03-31 Filed 2026-05-14
Major reduction Shares -56.3% 13F value change -$597.7M
Settlement As of 13F 2026-03-31 · Filed 2026-05-14
Base shares 9,286,290 Last 4 periods -6,772,487 (-72.9%) Total shares 2,513,803 Value $289.1M
Markel Group Tom Gayner 4 filing periods
13F 2025-06-30 Filed 2025-08-01
Unchanged Shares 0.0% 13F value change $0
13F 2025-09-30 Filed 2025-10-31
Unchanged Shares 0.0% 13F value change $0
13F 2025-12-31 Filed 2026-02-06
Unchanged Shares 0.0% 13F value change $0
13F 2026-03-31 Filed 2026-05-01
Unchanged Shares 0.0% 13F value change $0
Settlement As of 13F 2026-03-31 · Filed 2026-05-01
Base shares 1,229,000 Last 4 periods +0 (0.0%) Total shares 1,229,000 Value $141.3M

Recent mentions

No public mentions.