sam...from SEC F13F definition...I believe BX files under 2 below)..."exercises investment discretion" as an investment advisor..., i.e., my interpretation, for BX funds investors.
Also, 13F is only SEC public shares...what about ALL other BX discretionary private holdings?
Form 13F—Reports Filed by Institutional Investment Managers
An institutional investment manager that uses the U.S. mail (or other means or instrumentality of interstate commerce) in the course of its business, and exercises investment discretion over $100 million or more in Section 13(f) securities (explained below) must report its holdings on Form 13F with the Securities and Exchange Commission (SEC).
In general, an institutional investment manager is: (1) an entity that invests in, or buys and sells, securities for its own account; or (2) a natural person or an entity that exercises investment discretion over the account of any other natural person or entity. Institutional investment managers can include investment advisers, banks, insurance companies, broker-dealers, pension funds, and corporations.
Form 13F is required to be filed within 45 days of the end of a calendar quarter. The Form 13F report requires disclosure of the name of the institutional investment manager that files the report, and, with respect to each section 13(f) security over which it exercises investment discretion, the name and class, the CUSIP number, the number of shares as of the end of the calendar quarter for which the report is filed, and the total market value.
The securities that institutional investment managers must report on Form 13F are “section 13(f) securities.” Section 13(f) securities generally include equity securities that trade on an exchange (including the Nasdaq National Market System), certain equity options and warrants, shares of closed-end investment companies, and certain convertible debt securities.
I'd like to think BX reported their holdings when the shares you mention were a lot lower. Or can BX hold unissued shares like the big investment banks?
The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F COVER PAGE
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
Report for the Calendar Year or Quarter Ended: 06-30-2014
Check here if Amendment X Amendment Number: 1
This Amendment (Check only one.): X is a restatement.
adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Blackstone Group L.P.
Address: 345 PARK AVENUE
NEW YORK , NY10154
Form 13F File Number: 028-13114
The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: John G. Finley
Title: Authorized Person
you know emanuilshvarts, i researched yahoo key statistics for the holders of hlt, fsl & brx and what do you know, by gosh, it shows bx as the holders.... but wait, if you multiple the shares supposedly owned outright by bx just for these three positions by the daily share price it exceeds bx's total enterprise value listed on bx's key statistics page. how can that be? #$%$? something's rotten in denmark me thinks. i know that bx has hundreds of similar positions other than the 3 mentioned above, not to mention ownership in companies that are private (no open market trading shares) so the combined valuations would go even higher above bx's enterprise value with those all included. How can it be??? Hmmmm, guess it means that bx takes the position for its funds & investors in such funds and bx will get 2-ish year over year & 20-ish for their trouble and EXPERTISE. Still quite a lucrative p/e business model.
maybe that's how it works...but i can't be sure. :)
Do you know what portion of HLT-FSL-BRX they actually hold (for example, 50% of HLT, 25%...) - in percentage, to in numbers of shares?
Thank you - and Good Luck!
HLT, FSL and BRX.....the 3 biggest holdings for BX making new highs today.. FSL is soaring.... great news for more payouts when BX sells some of them..great company.. Have you been following these?? MIK is going great too..
Sentiment: Strong Buy
Not to steal anyone's thunder, but that is what Blackstone gets for managing assets. 2% annually and 20% of profits on sale..... By the way we own interests in the general partner, BLACKSTONE! We get some of that!
funny how some people don't understand the 2 & 20 p/e model that bx and other p/e firms use.
You see, Billie, that's why you shouldn't be commenting so much; you fundamentally don't understand this company.
2 and 20 - that's BX's business. The other stuff is subtext.