BlackRock Discloses Passive Stake in Blackstone Inc.

Ticker: BX · Form: SC 13G · Filed: 2024-01-29T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investment, form-13g

TL;DR

**BlackRock owns a big chunk of Blackstone, but it's a passive investment.**

AI Summary

BlackRock Inc., a major investment firm, filed an SC 13G on January 29, 2024, disclosing its ownership of Class A Common Stock in Blackstone Inc. as of December 31, 2023. This filing indicates that BlackRock holds a significant, but passive, stake in Blackstone. This matters to investors because it shows a large institutional investor's confidence in Blackstone, potentially signaling stability or future growth, but also means a large block of shares is held by a single entity.

Why It Matters

This filing reveals a major institutional investor's position, which can influence market perception and stock stability for Blackstone Inc. shareholders.

Risk Assessment

Risk Level: low — This is a routine disclosure of a passive investment by a large institutional investor, indicating no immediate red flags or aggressive actions.

Analyst Insight

Investors should note that a major institutional player like BlackRock holds a passive stake in Blackstone, which can be seen as a vote of confidence, but this filing alone doesn't suggest any immediate catalysts for price movement. It's a routine disclosure of a significant, but non-controlling, position.

Key Players & Entities

Forward-Looking Statements

FAQ

What type of stock did BlackRock Inc. report owning in Blackstone Inc.?

BlackRock Inc. reported owning Class A Common Stock of Blackstone Inc., as stated under the 'Title of Class of Securities' section of the filing.

What was the specific date of the event that triggered this SC 13G filing by BlackRock Inc.?

The date of the event which required the filing of this statement was December 31, 2023, as indicated in the 'Date of Event Which Requires Filing of this Statement' section.

Under which rule of the Securities Exchange Act of 1934 was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)' in the filing.

What is the CUSIP Number associated with the Class A Common Stock of Blackstone Inc. mentioned in this filing?

The CUSIP Number for the Class A Common Stock of Blackstone Inc. is 09260D107, as listed in the filing.

What is the Central Index Key (CIK) for the subject company, Blackstone Inc.?

The Central Index Key (CIK) for Blackstone Inc. is 0001393818, found in the 'SUBJECT COMPANY: COMPANY DATA' section.

From the Filing

0001086364-24-005138.txt : 20240129 0001086364-24-005138.hdr.sgml : 20240129 20240129152626 ACCESSION NUMBER: 0001086364-24-005138 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Blackstone Inc. CENTRAL INDEX KEY: 0001393818 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] ORGANIZATION NAME: 02 Finance IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-83050 FILM NUMBER: 24573133 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154 BUSINESS PHONE: (212) 583-5000 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154 FORMER COMPANY: FORMER CONFORMED NAME: Blackstone Inc DATE OF NAME CHANGE: 20210806 FORMER COMPANY: FORMER CONFORMED NAME: Blackstone Group Inc DATE OF NAME CHANGE: 20190628 FORMER COMPANY: FORMER CONFORMED NAME: Blackstone Group L.P. DATE OF NAME CHANGE: 20070320 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G 1 us09260d1072_012924.txt us09260d1072_012924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: ) BLACKSTONE INC -------------------------------------------------------- (Name of Issuer) Class A Common Stock -------------------------------------------------------- (Title of Class of Securities) 09260D107 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 09260D107 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 41657836 (6) Shared voting power 0 (7) Sole dispositive power 45986530 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 45986530 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.5% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- BLACKSTONE INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 345 PARK AVENUE NEW YORK NY 10154 Item 2.

View on Read The Filing