Blackstone Inc.

13F filer, CIK 1393818, NEW YORK, NY

Blackstone Inc. reported $24,079,232,251 across 172 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 70.49% of the portfolio.

Filed 2025-05-15 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0000950123-25-005761

Period: 2025-03-31
Reported value: $24.1B
Holdings: 172
Top 10 weight: 70.49%
New: 48
Sold out: 40

Part of the filer group Blackstone Inc.

Blackstone Alternative Asset Management L.P.BLACKSTONE ALTERNATIVE CREDIT ADVISORS LP +30 others

How groups are built

Largest buys vs the previous quarter

Security	Shares change	Approx. value
CRWVnew	+6,396,616	$237M
KMIadded	+6,988,375	$199M
HESMadded	+4,301,107	$182M
ENBadded	+3,920,016	$174M
DTMadded	+1,604,973	$155M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
EXEreduced	-4,611,757	-$513M
FRexited	-3,980,640	-$200M
WESreduced	-4,851,718	-$199M
NEEreduced	-2,166,562	-$154M
PBAreduced	-3,803,804	-$152M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0000950123-25-005761, largest first. % of portfolio is the value over $22,830,641,751, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Latest event	Timeline
CQPCHENIERE ENERGY PARTNERS L P	102,346,331	$6.76B	29.6%	0		Timeline
CRBGCOREBRIDGE FINL INC	61,962,123	$1.96B	8.57%	0		Timeline
WMBWILLIAMS COS INC	20,079,975	$1.2B	5.26%	+1,125,887		Timeline
FEFIRSTENERGY CORP	28,832,099	$1.17B	5.1%	0		Timeline
TRGPTARGA RES CORP	4,858,040	$974M	4.27%	+173,309		Timeline
ETENERGY TRANSFER L P	52,032,514	$967M	4.24%	-1,689,222		Timeline
MPLXMPLX LP	17,499,998	$937M	4.1%	-1,744,969		Timeline
LOARLOAR HOLDINGS INC	12,475,962	$881M	3.86%	0		Timeline
EXEEXPAND ENERGY CORPORATION	5,708,333	$635M	2.78%	-4,611,757		Timeline
KNTKKINETIK HOLDINGS INC	11,918,785	$619M	2.71%	0		Timeline
EPDENTERPRISE PRODS PARTNERS L	15,969,006	$545M	2.39%	+703,124		Timeline
ENBENBRIDGE INC	9,638,105	$427M	1.87%	+3,920,016		Timeline
WESWESTERN MIDSTREAM PARTNERS L	10,410,565	$426M	1.87%	-4,851,718		Timeline
LNGCHENIERE ENERGY INC	1,654,668	$383M	1.68%	-562,418		Timeline
PAAPLAINS ALL AMERN PIPELINE L	16,291,063	$326M	1.43%	+1,857,902		Timeline
KMIKINDER MORGAN INC DEL	11,346,638	$324M	1.42%	+6,988,375		Timeline
TRPTC ENERGY CORP	6,829,049	$322M	1.41%	-808,420		Timeline
DTMDT MIDSTREAM INC	3,236,258	$312M	1.37%	+1,604,973		Timeline
HESMHESS MIDSTREAM LP	6,170,253	$261M	1.14%	+4,301,107		Timeline
CRWVCOREWEAVE INC	6,396,616	$237M	1.04%	new		Timeline
PTENPATTERSON-UTI ENERGY INC	28,061,525	$231M	1.01%	-659,428		Timeline
PSFEPAYSAFE LIMITED	11,331,364	$178M	0.78%	+416,668		Timeline
BXMTBLACKSTONE MORTGAGE TRUST IN	8,601,492	$172M	0.75%	0		Timeline
BMBLBUMBLE INC	30,116,110	$131M	0.57%	0	2026-09-29, 13D/A: 18,664,720 shares, 14.1% of the class, 13D/A filed 2026-09-30	Timeline
APAAPA CORPORATION	5,683,968	$119M	0.52%	-396,750		Timeline
ALTUS POWER INCALTUS POWER INC	21,116,125	$105M	0.46%	0
BXSLBLACKSTONE SECD LENDING FD	3,206,530	$104M	0.45%	0		Timeline
CWANCLEARWATER ANALYTICS HLDGS I	3,833,333	$103M	0.45%	new		Timeline
SUNSUNOCO LP/SUNOCO FIN CORP	1,754,583	$102M	0.45%	+404,931		Timeline
SOBOSOUTH BOW CORP	3,972,031	$101M	0.44%	+290,992		Timeline
VNETVNET GROUP INC	10,402,130	$85.3M	0.37%	0		Timeline
SHOSUNSTONE HOTEL INVS INC NEW	8,645,000	$81.3M	0.36%	0		Timeline
NEENEXTERA ENERGY INC	1,146,690	$81.3M	0.36%	-2,166,562		Timeline
SRESEMPRA	999,737	$71.3M	0.31%	+903,478		Timeline
FOAFINANCE OF AMERICA COMPAN	3,192,284	$67.9M	0.3%	0		Timeline
COFCAPITAL ONE FINL CORP	370,000	$66.3M	0.29%	new		Timeline
CCAPCRESCENT CAP BDC INC	3,796,246	$65M	0.28%	new		Timeline
AMZNAMAZON COM INC	310,000	$59M	0.26%	+85,000		Timeline
KGSKODIAK GAS SVCS INC	1,553,691	$58M	0.25%	+1,058,223		Timeline
RDDTREDDIT INC	500,000	$52.5M	0.23%	0		Timeline
KWEBKRANESHARES TRUST	1,500,000	$52.4M	0.23%	new		Timeline
PGRPROGRESSIVE CORP	185,000	$52.4M	0.23%	-30,000		Timeline
AJGGALLAGHER ARTHUR J & CO	150,000	$51.8M	0.23%	0		Timeline
KDPKEURIG DR PEPPER INC	1,500,000	$51.3M	0.22%	new		Timeline
CRHCRH PLC	580,000	$51M	0.22%	-10,000		Timeline
FLUTFLUTTER ENTMT PLC	200,000	$44.3M	0.19%	+60,000		Timeline
PAGPPLAINS GP HLDGS L P	2,065,374	$44.1M	0.19%	-72,531		Timeline
ALLALLSTATE CORP	190,000	$39.3M	0.17%	-80,000		Timeline
PBAPEMBINA PIPELINE CORP	941,967	$37.7M	0.17%	-3,803,804		Timeline
MTZMASTEC INC	315,000	$36.8M	0.16%	new		Timeline
INTUINTUIT	52,000	$31.9M	0.14%	new		Timeline
AUTLAUTOLUS THERAPEUTICS LTD	20,485,611	$31.8M	0.14%	0		Timeline
TRUTRANSUNION	360,000	$29.9M	0.13%	new		Timeline
OKEONEOK INC NEW	287,573	$28.5M	0.12%	+10,059		Timeline
LPLALPL FINL HLDGS INC	70,000	$22.9M	0.1%	new		Timeline
MIND MEDICINE MINDMED INCMIND MEDICINE MINDMED INC	3,587,479	$21M	0.09%	0
SRLNSSGA ACTIVE ETF TR	492,591	$20.3M	0.09%	0		Timeline
FOLDAMICUS THERAPEUTIC	2,467,104	$20.1M	0.09%	0		Timeline
FTVFORTIVE CORP	270,000	$19.8M	0.09%	new		Timeline
OTLYOATLY GROUP AB	1,988,909	$19.6M	0.09%	new		Timeline
XBISPDR SERIES TRUST	236,760	$19.2M	0.08%	+24,920		Timeline
CMPXCOMPASS THERAPEUTICS INC	10,025,151	$19M	0.08%	0		Timeline
ZYMEZYMEWORKS INC	1,382,587	$16.5M	0.07%	+812,872		Timeline
ELVNENLIVEN THERAPEUTICS INC	762,307	$15M	0.07%	+388,984		Timeline
CORZCORE SCIENTIFIC INC NEW	2,000,000	$14.5M	0.06%	+1,650,000		Timeline
USACUSA COMPRESSION PARTNERS LP	506,319	$13.7M	0.06%	-519,787		Timeline
BCAXBICARA THERAPEUTICS INC	1,028,294	$13.4M	0.06%	+115,234		Timeline
FSCOFS CREDIT OPPORTUNITIES CORP	1,662,945	$11.7M	0.05%	0		Timeline
CLDTCHATHAM LODGING TR	1,621,000	$11.6M	0.05%	0		Timeline
HPPHUDSON PAC PPTYS INC	3,797,100	$11.2M	0.05%	0		Timeline
BAERBRIDGER AEROSPACE GRP HLDGS	9,624,610	$10.9M	0.05%	0		Timeline
DKNGDRAFTKINGS INC NEW	325,000	$10.8M	0.05%	new		Timeline
SAROSTANDARDAERO INC	400,000	$10.7M	0.05%	+40,000		Timeline
TLNTALEN ENERGY CORP	46,456	$9.28M	0.04%	new		Timeline
GELGENESIS ENERGY L P	575,735	$9.03M	0.04%	0		Timeline
INDAISHARES TR	174,600	$8.99M	0.04%	new		Timeline
PRMBPRIMO BRANDS CORPORATION	250,000	$8.87M	0.04%	new		Timeline
ARRYARRAY TECHNOLOGIES INC	1,799,900	$8.77M	0.04%	0		Timeline
SPHSUBURBAN PROPANE PARTNERS L	412,061	$8.66M	0.04%	0		Timeline
GLPGLOBAL PARTNERS LP	152,104	$8.12M	0.04%	0		Timeline
ORKAORUKA THERAPEUTICS INC	783,653	$8.04M	0.04%	+543,479		Timeline
VISNVISTANCE NETWORKS INC	1,500,000	$7.96M	0.03%	new		Timeline
SYRESPYRE THERAPEUTICS INC	489,248	$7.89M	0.03%	+40,047		Timeline
TARAPROTARA THERAPEUTICS INC	1,744,042	$7.43M	0.03%	+64,042		Timeline
VGVENTURE GLOBAL INC	701,603	$7.23M	0.03%	new		Timeline
ALBEMARLE CORPALBEMARLE CORP	200,000	$7.13M	0.03%	0
VIKVIKING HOLDINGS LTD	175,000	$6.96M	0.03%	-350,000		Timeline
APGEAPOGEE THERAPEUTICS INC	183,747	$6.86M	0.03%	+103,747		Timeline
NXTNEXTPOWER INC	139,188	$5.87M	0.03%	new		Timeline
APLEAPPLE HOSPITALITY REIT INC	446,900	$5.77M	0.03%	0		Timeline
SAILSAILPOINT INC	300,000	$5.62M	0.02%	new		Timeline
WAYWAYSTAR HLDG CORP	150,000	$5.6M	0.02%	new		Timeline
KRMNKARMAN HLDGS INC	165,000	$5.51M	0.02%	new		Timeline
FSLRFIRST SOLAR INC	41,900	$5.3M	0.02%	+40,720		Timeline
ENPHENPHASE ENERGY INC	82,602	$5.13M	0.02%	new		Timeline
RZLTREZOLUTE INC	1,744,740	$5.06M	0.02%	0		Timeline
IKTINHIBIKASE THERAPEUTICS INC	2,070,684	$4.53M	0.02%	0		Timeline
LBLANDBRIDGE COMPANY LLC	61,000	$4.39M	0.02%	-39,000		Timeline
LXEOLEXEO THERAPEUTICS INC	1,158,617	$4.02M	0.02%	0		Timeline
DKLDELEK LOGISTICS PARTNERS LP	91,077	$3.94M	0.02%	-1,924		Timeline
MMLPMARTIN MIDSTREAM PRTNRS L P	986,244	$3.55M	0.02%	-31,684		Timeline
FXIISHARES TR	87,237	$3.13M	0.01%	-87,236		Timeline
AMANTERO MIDSTREAM CORP	171,844	$3.09M	0.01%	-1,562,184		Timeline
CYRXCRYOPORT INC	453,396	$2.76M	0.01%	0		Timeline
CAPLCROSSAMERICA PARTNERS LP	111,772	$2.75M	0.01%	+3,000		Timeline
RUNSUNRUN INC	457,917	$2.68M	0.01%	new		Timeline
AEROVATE THERAPEUTICS INCAEROVATE THERAPEUTICS INC	955,125	$2.4M	0.01%	+455,559
OSONESTREAM INC	100,000	$2.13M	0.01%	-150,000		Timeline
SHLSSHOALS TECHNOLOGIES GROUP IN	627,077	$2.08M	0.01%	new		Timeline
NOVAQSUNNOVA ENERGY INTERNATIONAL I	5,500,000	$2.05M	0.01%	+4,700,000		Timeline
SGUSTAR GROUP LP	153,090	$2.02M	0.01%	0		Timeline
SEDGSOLAREDGE TECHNOLOGIES INC	104,600	$1.69M	0.01%	new		Timeline
CNTXCONTEXT THERAPEUTICS INC	2,440,330	$1.49M	0.01%	0		Timeline
TTANSERVICETITAN INC	15,000	$1.43M	0.01%	0		Timeline
NKTXNKARTA INC	747,044	$1.37M	0.01%	+256,001		Timeline
BTSGBRIGHTSPRING HEALTH SVCS INC	75,000	$1.36M	0.01%	new		Timeline
SPYSTATE STR SPDR S&P 500 ETF T	1,947	$1.09M	<0.01%	new		Timeline
ADICET BIO INCADICET BIO INC	1,236,453	$934K	<0.01%	0
MAMASTERCARD INCORPORATED	1,686	$924K	<0.01%	new		Timeline
PMPHILIP MORRIS INTL INC	5,655	$898K	<0.01%	new		Timeline
BEACON ROOFING SUPPLY INCBEACON ROOFING SUPPLY INC	6,627	$820K	<0.01%	new
INTRA-CELLULAR THERAPIES INCINTRA-CELLULAR THERAPIES INC	6,211	$819K	<0.01%	new
AZEK CO INCAZEK CO INC	16,498	$807K	<0.01%	new
DUN & BRADSTREET HLDGS INCDUN & BRADSTREET HLDGS INC	89,640	$801K	<0.01%	new
JUNIPER NETWORKS INCJUNIPER NETWORKS INC	22,033	$797K	<0.01%	0
WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC	70,190	$784K	<0.01%	new
ANSYS INCANSYS INC	2,393	$758K	<0.01%	0
NFLXNETFLIX INC.	800	$746K	<0.01%	new		Timeline
ALEALLETE INC	11,353	$746K	<0.01%	0		Timeline
UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW	17,153	$725K	<0.01%	0
HESS CORPHESS CORP	4,524	$723K	<0.01%	0
FYBRFRONTIER COMMUNICATIONS PARE	19,872	$713K	<0.01%	0		Timeline
KKELLANOVA	8,440	$696K	<0.01%	0		Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	1,307	$696K	<0.01%	new		Timeline
AMPXAMPRIUS TECHNOLOGIES INC	257,923	$691K	<0.01%	0		Timeline
ENSTAR GROUP LIMITEDENSTAR GROUP LIMITED	1,992	$662K	<0.01%	0
IONQIONQ INC	28,739	$634K	<0.01%	0		Timeline
PACTIV EVERGREEN INCPACTIV EVERGREEN INC	35,071	$632K	<0.01%	0
LBRDKLIBERTY BROADBAND CORP	7,204	$613K	<0.01%	0		Timeline
TRIUMPH GROUP INC NEWTRIUMPH GROUP INC NEW	24,028	$609K	<0.01%	new
JPMJPMORGAN CHASE & CO	2,289	$561K	<0.01%	new		Timeline
H&E EQUIPMENT SERVICES INCH&E EQUIPMENT SERVICES INC	5,892	$559K	<0.01%	new
GOOGALPHABET INC	3,542	$553K	<0.01%	new		Timeline
CHAMPIONX CORPORATIONCHAMPIONX CORPORATION	18,275	$545K	<0.01%	0
MLMMARTIN MARIETTA MATLS INC	884	$423K	<0.01%	new		Timeline
IWMISHARES TR	2,089	$417K	<0.01%	new		Timeline
NEXTNEXTDECADE CORP	50,311	$391K	<0.01%	0		Timeline
UBERUBER TECHNOLOGIES INC	5,274	$384K	<0.01%	new		Timeline
ARQTARCUTIS BIOTHERAPEUTICS INC	24,144	$378K	<0.01%	0		Timeline
VERONA PHARMA PLCVERONA PHARMA PLC	5,758	$366K	<0.01%	new
MRNAMODERNA INC	12,613	$358K	<0.01%	0		Timeline
AIR TRANSPORT SERVICES GRP IAIR TRANSPORT SERVICES GRP I	15,703	$352K	<0.01%	0
ARIS WATER SOLUTIONS INCARIS WATER SOLUTIONS INC	10,986	$352K	<0.01%	0
REDFIN CORPREDFIN CORP	37,098	$342K	<0.01%	new
PRAPROASSURANCE CORP	14,612	$341K	<0.01%	new		Timeline
NEUEHEALTH INCNEUEHEALTH INC	45,916	$310K	<0.01%	0
CEGCONSTELLATION ENERGY CORP	1,500	$302K	<0.01%	+573		Timeline
BKVBKV CORP	12,400	$260K	<0.01%	new		Timeline
OVVOVINTIV INC	5,128	$219K	<0.01%	-45,830		Timeline
PRPERMIAN RESOURCES CORP	12,664	$175K	<0.01%	-89,643		Timeline
TXG10X GENOMICS INC	16,485	$144K	<0.01%	0		Timeline
CRDFCARDIFF ONCOLOGY INC	44,500	$140K	<0.01%	+2,800		Timeline
GUTSFRACTYL HEALTH INC	102,750	$122K	<0.01%	0		Timeline
RLAYRELAY THERAPEUTICS INC	35,618	$93.3K	<0.01%	0		Timeline
ALECALECTOR INC	25,715	$31.6K	<0.01%	0		Timeline
PLRXPLIANT THERAPEUTICS INC	22,206	$30K	<0.01%	0		Timeline
REPARE THERAPEUTICS INCREPARE THERAPEUTICS INC	25,957	$25.7K	<0.01%	0
ALLAKOS INCALLAKOS INC	14,943	$3.44K	<0.01%	0

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

Security	Type	Amount	Value	Change
SPYSTATE STR SPDR S&P 500 ETF T SHS	put	1,950,000	$1.09B	+1,050,000
HYGISHARES TR IBOXX HI YD ETF	put	2,000,000	$158M	0

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

Security	Type	Amount	Value	Change
SUNNOVA ENERGY INTL INC.SUNNOVA ENERGY INTL INC. NOTE 2.625% 2/1	principal	77,105,000	$6.94M	+32,105,000
SUNNOVA ENERGY INTL INC.SUNNOVA ENERGY INTL INC. NOTE 0.250%12/0	principal	36,000,000	$3.6M	+32,500,000

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
FRFIRST INDL RLTY TR INC	3,980,640	$200M	shares
QQQINVESCO QQQ TR	300,000	$153M	put
ENLINK MIDSTREAM LLCENLINK MIDSTREAM LLC	4,349,618	$61.5M	shares
PTCTPTC THERAPEUTICS INC	1,059,574	$47.8M	shares
BABOEING CO	200,000	$35.4M	shares
VVISA INC	100,000	$31.6M	shares
DISCOVER FINL SVCSDISCOVER FINL SVCS	175,000	$30.3M	shares
TMUST-MOBILE US INC	135,000	$29.8M	shares
OATLY GROUP ABOATLY GROUP AB	39,778,182	$26.3M	shares
ULSUL SOLUTIONS INC	250,000	$12.5M	shares
LINELINEAGE INC	200,000	$11.7M	shares
PCGPG&E CORP	500,000	$10.1M	shares
PG&E CORPPG&E CORP	200,000	$9.96M	shares
OKTA INCOKTA INC	8,291,000	$7.73M	principal
RINGCENTRAL INCRINGCENTRAL INC	8,000,000	$7.45M	principal
DIGITALOCEAN HLDGS INCDIGITALOCEAN HLDGS INC	8,000,000	$7.14M	principal
ABVXABIVAX SA	936,607	$6.86M	shares
SMHVANECK ETF TRUST	22,550	$5.46M	shares
CONFLUENT INCCONFLUENT INC	6,000,000	$5.41M	principal
AROCARCHROCK INC	112,323	$2.8M	shares
COPCONOCOPHILLIPS	27,671	$2.74M	shares
BLOCK INCBLOCK INC	2,500,000	$2.49M	principal
BPBP PLC	63,305	$1.87M	shares
ABXABACUS GLOBAL MGMT INC	219,900	$1.72M	shares
DVNDEVON ENERGY CORP NEW	49,959	$1.64M	shares
CVXCHEVRON CORPORATION	10,021	$1.45M	shares
XOMEXXON MOBIL CORP	13,238	$1.42M	shares
EOGEOG RES INC	9,675	$1.19M	shares
FANGDIAMONDBACK ENERGY INC	6,069	$994K	shares
SMSM ENERGY COMPANY	24,034	$932K	shares
SRRKSCHOLAR ROCK HLDG CORP	21,055	$910K	shares
EDRENDEAVOR GROUP HLDGS INC	27,259	$853K	shares
SUMMIT MATERIALS INC CLASS ASUMMIT MATERIALS INC CLASS A	15,176	$768K	shares
ALTAIR ENGINEERING INCALTAIR ENGINEERING INC	6,877	$750K	shares
HASHICORP INCHASHICORP INC	20,672	$707K	shares
INDEPENDENT BANK GROUP INCINDEPENDENT BANK GROUP INC	10,083	$612K	shares
BARNES GROUP INCBARNES GROUP INC	12,311	$582K	shares
ARCADIUM LITHIUM PLCARCADIUM LITHIUM PLC	93,979	$482K	shares
VSTVISTRA CORP	1,640	$226K	shares
PROOF ACQUISITION CORP IPROOF ACQUISITION CORP I	83,019	$20.8K	shares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0000950123-25-005761	base		2025-05-15	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC