Blackstone Discloses Passive Stake in Hamilton Insurance Group
Ticker: HG · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 1593275
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**Blackstone just confirmed its passive stake in Hamilton Insurance Group as of year-end 2023.**
AI Summary
Blackstone Inc. and its affiliated entities, including Blackstone Holdings II L.P., have filed an SC 13G indicating their ownership of Class B common shares in Hamilton Insurance Group, Ltd. (NASDAQ: HG). As of December 31, 2023, this filing confirms Blackstone's passive investment in the insurance company. This matters to investors because it signals a significant institutional holder's continued, albeit passive, interest in Hamilton Insurance Group, which can lend stability and confidence to the stock.
Why It Matters
This filing confirms Blackstone's passive investment in Hamilton Insurance Group, providing transparency on a major institutional shareholder's position.
Risk Assessment
Risk Level: low — This is a routine disclosure of a passive investment, indicating no immediate change in strategy or control.
Analyst Insight
Investors should note Blackstone's continued passive stake as a sign of institutional confidence, but this filing alone doesn't suggest any imminent strategic changes or activist involvement.
Key Numbers
- $0.01 — Par Value per Share (The par value of Hamilton Insurance Group's Class B common shares.)
Key Players & Entities
- Blackstone Inc. (company) — reporting person and group member
- Hamilton Insurance Group, Ltd. (company) — subject company (issuer)
- Blackstone Holdings II L.P. (company) — filing entity
- Stephen A. Schwarzman (person) — group member
- December 31, 2023 (date) — date of event requiring filing
- $0.01 (dollar_amount) — par value per Class B common share
Forward-Looking Statements
- Blackstone will maintain a passive investment strategy in Hamilton Insurance Group, Ltd. (Blackstone Inc.) — high confidence, target: Next 12 months
FAQ
What is the purpose of this SC 13G filing?
This SC 13G filing is made by Blackstone Holdings II L.P. and its affiliates to disclose their beneficial ownership of Class B common shares in Hamilton Insurance Group, Ltd. as of December 31, 2023, under Rule 13d-1(d) of the Securities Exchange Act of 1934.
Which specific entities are part of the reporting group for this filing?
The group members listed in the filing include Blackstone Alternative Solutions L.L.C., Blackstone Group Management L.L.C., Blackstone Holdings I L.P., Blackstone Holdings I/II GP L.L.C., Blackstone Inc., Blackstone Strategic Opportunity Associates L.L.C., BSOF Master Fund II L.P., BSOF Master Fund L.P., and Stephen A. Schwarzman.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Class B common shares of Hamilton Insurance Group, Ltd. is G42706104.
What is the par value of the Class B common shares of Hamilton Insurance Group, Ltd.?
The par value of the Class B common shares of Hamilton Insurance Group, Ltd. is $0.01 per share.
What is the business address of the subject company, Hamilton Insurance Group, Ltd.?
The business address of Hamilton Insurance Group, Ltd. is Wellesley House North, 1st Floor, 90 Pitts Bay Road, Pembroke, D0, HM08, with a business phone of (441) 405-5200.
Filing Stats: 2,696 words · 11 min read · ~9 pages · Grade level 6.5 · Accepted 2024-02-09 17:17:52
Key Financial Figures
- $0.01 — uer) Class B common shares, par value $0.01 per share (Title of Class of Securiti
Filing Documents
- d737819dsc13g.htm (SC 13G) — 171KB
- d737819dex991.htm (EX-99.1) — 13KB
- 0001193125-24-030330.txt ( ) — 186KB
From the Filing
SC 13G 1 d737819dsc13g.htm SC 13G SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Hamilton Insurance Group, Ltd. (Name of Issuer) Class B common shares, par value $0.01 per share (Title of Class of Securities) G42706104 (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: 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 persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on 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. G42706104 13G 1. Name of Reporting Persons: BSOF Master Fund L.P. 2. Check the Appropriate Box if a Member of a Group (a)(b) 3. SEC Use Only 4. Citizenship or Place of Organization: Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. Sole Voting Power: 8,625,465 6. Shared Voting Power: 0 7. Sole Dispositive Power: 8,625,465 8. Shared Dispositive Power: 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 8,625,465 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9): 13.3% 12. Type of Reporting Person (See Instructions): PN 2 CUSIP No. G42706104 13G 1. Name of Reporting Persons: BSOF Master Fund II L.P. 2. Check the Appropriate Box if a Member of a Group (a)(b) 3. SEC Use Only 4. Citizenship or Place of Organization: Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. Sole Voting Power: 499,264 6. Shared Voting Power: 0 7. Sole Dispositive Power: 499,264 8. Shared Dispositive Power: 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 499,264 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9): 0.9% 12. Type of Reporting Person (See Instructions): PN 3 CUSIP No. G42706104 13G 1. Name of Reporting Persons: Blackstone Alternative Solutions L.L.C. 2. Check the Appropriate Box if a Member of a Group (a)(b) 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: 9,124,729 6. Shared Voting Power: 0 7. Sole Dispositive Power: 9,124,729 8. Shared Dispositive Power: 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 9,124,729 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9): 14.0% 12. Type of Reporting Person (See Instructions): OO 4 CUSIP No. G42706104 13G 1. Name of Reporting Persons: Blackstone Strategic Opportunity Associates L.L.C. 2. Check the Appropriate Box if a Member of a Group (a)(b) 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: 9,124,729 6. Shared Voting Power: 0 7. Sole Dispositive Power: 9,124,729 8. Shared Dispositive Power: 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 9,124,729 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9): 14.0% 12. Type of Reporting Person (See Instructions): OO 5 CUSIP No. G42706104 13G 1. Name of Reporting Persons: Blackstone Holdings I L.P. 2. Check the Appropriate Box if a Member of a Group (a)(b) 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: 9,124,729 6. Shared Voting Power: 0 7. Sole Dispositive Power: 9,124,729 8. Shared Dispositive Power: 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 9,124,729 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9): 14.0% 12. Type of Reporting Person (See Instructions): PN 6 CUSIP No. G42706104 13G 1. Name of Reporting Persons: Blackstone Holdings II L.P. 2.