Blackstone Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Blackstone Inc. reported 152 stock positions worth $21.1 billion. Its top holding was Cheniere Energy Partners (CQP) at 25.8% of the portfolio, followed by Corebridge Financial (CRBG, 8.8%) and Firstenergy (FE, 5.4%). Compared with Q3 2024, it opened 32 new positions, sold out of 32, added to 20 and reduced 48. The biggest buy was Williams Cos (WMB, shares +37%) and the biggest sale Energy Transfer (ET, shares −59%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001393818
- Portfolio Value
- $21.1B (Q4 2024)
- SEC Filing
- 0000950123-25-002770 ↗ filed Feb 14, 2025
Holdings Value
Holdings 152 stocks · $21.1B
| CQP Cheniere Energy Partners LP | 25.80% | 102,346,331 | $5.4B | No change |
| CRBG Corebridge Financial Inc. | 8.80% | 61,962,123 | $1.9B | No change |
| FE Firstenergy Corp. | 5.44% | 28,832,099 | $1.1B | No change |
| ET Energy Transfer LP | 5.00% | 53,721,736 | $1.1B | Reduce -59.0% |
| EXE Expand Energy Corp. | 4.88% | 10,320,090 | $1.0B | Reduce -18.7% |
| WMB Williams Cos Inc. | 4.87% | 18,954,088 | $1.0B | Add +36.5% |
| LOAR Loar Holdings Inc. | 4.38% | 12,475,962 | $922.1M | Reduce -2.6% |
| MPLX MPLX LP | 4.37% | 19,244,967 | $921.1M | Reduce -11.8% |
| TRGP Targa Resources Corp. | 3.97% | 4,684,731 | $836.2M | Reduce -22.0% |
| KNTK Kinetik Holdings Inc. | 3.21% | 11,918,785 | $675.9M | Add +0.0% |
| WES Western Midstream Partners L | 2.78% | 15,262,283 | $586.5M | Reduce -9.0% |
| EPD Enterprise Products Partners | 2.27% | 15,265,882 | $478.7M | Reduce -9.9% |
| LNG Cheniere Energy Inc. | 2.26% | 2,217,086 | $476.4M | Reduce -50.7% |
| TRP TC Energy Corp. | 1.69% | 7,637,469 | $355.4M | Add +83.8% |
| PAA Plains All Amer Pipeline LP | 1.17% | 14,433,161 | $246.5M | Reduce -52.2% |
| BMBL Bumble Inc. Class A | 1.16% | 30,116,110 | $245.1M | No change |
| ENB Enbridge Inc. | 1.15% | 5,718,089 | $242.6M | Add +650.7% |
| NEE Nextera Energy Inc. | 1.13% | 3,313,252 | $237.5M | Add +75.3% |
| PTEN Patterson-Uti Energy Inc. | 1.13% | 28,720,953 | $237.2M | No change |
| FR First Industrial Realty TR | 0.95% | 3,980,640 | $199.5M | Reduce -20.4% |
| PSFE Paysafe Ltd. | 0.89% | 10,914,696 | $186.6M | No change |
| PBA Pembina Pipeline Corp. | 0.83% | 4,745,771 | $175.4M | Reduce -37.8% |
| DTM DT Midstream Inc. | 0.77% | 1,631,285 | $162.2M | Add +2783.2% |
| BXMT Blackstone Mortgage Tru Class A | 0.71% | 8,601,492 | $149.8M | Add +8.2% |
| APA Apa Corp. | 0.67% | 6,080,718 | $140.4M | No change |
| KMI Kinder Morgan Inc. | 0.57% | 4,358,263 | $119.4M | Add +435.0% |
| BXSL Blackstone Secured Lending F | 0.49% | 3,206,530 | $103.6M | No change |
| SHO Sunstone Hotel Investors Inc. | 0.49% | 8,645,000 | $102.4M | No change |
| FOA Finance of America Cos Inc. Class A | 0.43% | 3,192,284 | $89.8M | New |
| SOBO South Bow Corp. | 0.41% | 3,681,039 | $86.8M | Add +343.0% |
| AMPS Altus Power Inc. | 0.41% | 21,116,125 | $85.9M | No change |
| RDDT Reddit Inc. Class A | 0.39% | 500,000 | $81.7M | Reduce -33.3% |
| SUN Sunoco LP | 0.33% | 1,349,652 | $69.4M | Reduce -5.6% |
| HESM Hess Midstream LP Class A | 0.33% | 1,869,146 | $69.2M | Reduce -34.7% |
| ENLC Enlink Midstream LLC | 0.29% | 4,349,618 | $61.5M | Add +36.1% |
| CRH CRH PLC | 0.26% | 590,000 | $54.6M | Reduce -1.7% |
| ALL Allstate Corp. | 0.25% | 270,000 | $52.1M | New |
| PGR Progressive Corp. | 0.24% | 215,000 | $51.5M | Reduce -23.2% |
| AMZN Amazon.com Inc. | 0.23% | 225,000 | $49.4M | Reduce -36.6% |
| VNET Vnet Group Inc.-ADR | 0.23% | 10,402,130 | $49.3M | No change |
| AUTL Autolus Therapeutics PLC | 0.23% | 20,485,611 | $48.1M | No change |
| PTCT PTC Therapeutics Inc. | 0.23% | 1,059,574 | $47.8M | Reduce -3.3% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.20% | 150,000 | $42.6M | New |
| PAGP Plains GP Holdings LP | 0.19% | 2,137,905 | $39.3M | Reduce -39.2% |
| FLUT Flutter Entertainment PLC-Di | 0.17% | 140,000 | $36.2M | New |
| BA The Boeing Co. | 0.17% | 200,000 | $35.4M | New |
| V Visa Inc. Class A | 0.15% | 100,000 | $31.6M | New |
| DFS Discover Financial Services | 0.14% | 175,000 | $30.3M | New |
| TMUS T-Mobile US Inc. | 0.14% | 135,000 | $29.8M | Reduce -46.0% |
| OKE Oneok Inc. | 0.13% | 277,514 | $27.9M | Reduce -18.4% |
| OTLY Oatly Group AB | 0.12% | 39,778,182 | $26.3M | No change |
| AM Antero Midstream Corp. | 0.12% | 1,734,028 | $26.2M | Add +0.5% |
| MIND MEDICINE MINDMED INC | 0.12% | 3,587,479 | $25.0M | Reduce -8.3% |
| USAC USA Compression Partners LP | 0.11% | 1,026,106 | $24.2M | Reduce -3.4% |
| FOLD Amicus Therapeutics Inc. | 0.11% | 2,467,104 | $23.2M | No change |
| VIK Viking Holdings Ltd. | 0.11% | 525,000 | $23.1M | Add +162.5% |
| SRLN SS Blackstone Sr Loan ETF | 0.10% | 492,591 | $20.6M | Add +353.3% |
| BAER Bridger Aerospace Group Hold | 0.10% | 9,624,610 | $20.5M | No change |
| KGS Kodiak Gas Services Inc. | 0.10% | 495,468 | $20.2M | New |
| XBI SS SPDR S&P Biotech ETF | 0.09% | 211,840 | $19.1M | Add +107.6% |
| BCAX Bicara Therapeutics Inc. | 0.08% | 913,060 | $15.9M | Add +40.5% |
| CMPX Compass Therapeutics Inc. | 0.07% | 10,025,151 | $14.5M | No change |
| CLDT Chatham Lodging Trust | 0.07% | 1,621,000 | $14.5M | No change |
| ULS Ul Solutions Inc. Class A | 0.06% | 250,000 | $12.5M | Add +11.1% |
| LINE Lineage Inc. | 0.06% | 200,000 | $11.7M | Reduce -12.1% |
| HUDSON PAC PPTYS INC | 0.05% | 3,797,100 | $11.5M | No change |
| FSCO FS Credit Opportunities Corp. | 0.05% | 1,662,945 | $11.3M | New |
| ARRY Array Technologies Inc. | 0.05% | 1,799,900 | $10.9M | No change |
| SYRE Spyre Therapeutics Inc. | 0.05% | 449,201 | $10.5M | Add +53.3% |
| PCG P G & E Corp. | 0.05% | 500,000 | $10.1M | Reduce -84.3% |
| SARO Standardaero Inc. | 0.04% | 360,000 | $8.9M | New |
| TARA Protara Therapeutic Inc. | 0.04% | 1,680,000 | $8.9M | New |
| RZLT Rezolute Inc. | 0.04% | 1,744,740 | $8.5M | No change |
| SRE Sempra | 0.04% | 96,259 | $8.4M | Reduce -2.8% |
| ELVN Enliven Therapeutics Inc. | 0.04% | 373,323 | $8.4M | No change |
| ZYME Zymeworks Inc. | 0.04% | 569,715 | $8.3M | Add +2171.4% |
| LXEO Lexeo Therapeutics Inc. | 0.04% | 1,158,617 | $7.6M | No change |
| OS Onestream Inc. | 0.03% | 250,000 | $7.1M | Add +47.1% |
| SPH Suburban Propane Partners LP | 0.03% | 412,061 | $7.1M | Reduce -4.3% |
| GLP Global Partners LP | 0.03% | 152,104 | $7.1M | Reduce -4.3% |
| APLE Apple Hospitality REIT Inc. | 0.03% | 446,900 | $6.9M | No change |
| ABVX Abivax SA-ADR | 0.03% | 936,607 | $6.9M | Reduce -38.5% |
| IKT Inhibikase Therapeutics Inc. | 0.03% | 2,070,684 | $6.7M | New |
| LB Landbridge Co. LLC-A | 0.03% | 100,000 | $6.5M | No change |
| GEL Genesis Energy L.P. | 0.03% | 575,735 | $5.8M | No change |
| SMH Vaneck Semiconductor ETF | 0.03% | 22,550 | $5.5M | Reduce -83.4% |
| FXI iShares China Large-Cap ETF | 0.03% | 174,473 | $5.3M | Reduce -90.8% |
| CORZ Core Scientific Inc. | 0.02% | 350,000 | $4.9M | Reduce -65.0% |
| ORKA Oruka Therapeutics Inc. | 0.02% | 240,174 | $4.7M | New |
| DKL Delek Logistics Partners LP | 0.02% | 93,001 | $3.9M | Reduce -4.3% |
| MMLP Martin Midstream Partners LP | 0.02% | 1,017,928 | $3.7M | Reduce 0.0% |
| APGE Apogee Therapeutics Inc. | 0.02% | 80,000 | $3.6M | No change |
| CYRX Cryoport Inc. | 0.02% | 453,396 | $3.5M | No change |
| AROC Archrock Inc. | 0.01% | 112,323 | $2.8M | Reduce -85.8% |
| COP Conocophillips | 0.01% | 27,671 | $2.7M | Add +188.2% |
| NOVAQ Sunnova Energy International | 0.01% | 800,000 | $2.7M | New |
| CNTX Context Therapeutics Inc. | 0.01% | 2,440,330 | $2.6M | No change |
| CAPL Crossamerica Partners LP | 0.01% | 108,772 | $2.4M | Reduce -4.0% |
| OVV Ovintiv Inc. | 0.01% | 50,958 | $2.1M | Reduce -5.3% |
| BP BP PLC-Spons ADR | 0.01% | 63,305 | $1.9M | Reduce -5.3% |
Options reported separately and not counted above: SPY puts ($527.5M), HYG puts ($157.3M), QQQ puts ($153.4M).
Other holdings (9): bonds, preferreds, convertibles and warrants · $67.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SUNNOVA ENERGY INTL INC (NOVA 2.625 02/15/28) | NOTE 2.625% 2/1 · principal | 45,000,000 | $17.1M | Add +26.8% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 200,000 | $10.0M | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 200,000 | $8.1M | New |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 8,291,000 | $7.7M | No change |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 8,000,000 | $7.4M | No change |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 8,000,000 | $7.1M | No change |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 6,000,000 | $5.4M | No change |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | 2,500,000 | $2.5M | New |
| SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) | NOTE 0.250%12/0 · principal | 3,500,000 | $2.1M | No change |
Total filed on the 13F, all lines: $21.1B.
Portfolio Sells Q3 2024 → Q4 2024
| ET Energy Transfer LP | Reduce -59.0% | 5.00% | −4.57 |
| GTES Gates Industrial Corp. UK Ltd. | Sold out | 0.00% | −1.70 |
| LNG Cheniere Energy Inc. | Reduce -50.7% | 2.26% | −1.42 |
| PAA Plains All Amer Pipeline LP | Reduce -52.2% | 1.17% | −1.22 |
| PBA Pembina Pipeline Corp. | Reduce -37.8% | 0.83% | −0.60 |
| FR First Industrial Realty TR | Reduce -20.4% | 0.95% | −0.33 |
| FXI iShares China Large-Cap ETF | Reduce -90.8% | 0.03% | −0.25 |
| PCG P G & E Corp. | Reduce -84.3% | 0.05% | −0.24 |
| CX Cemex Sab-Spons ADR Part Cer | Sold out | 0.00% | −0.17 |
| GEHC GE Healthcare Technology | Sold out | 0.00% | −0.17 |
| FINANCE OF AMERICA COMPAN | Sold out | 0.00% | −0.17 |
| MTH Meritage Homes Corp. | Sold out | 0.00% | −0.15 |
| WES Western Midstream Partners L | Reduce -9.0% | 2.78% | −0.14 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −0.14 |
| HESM Hess Midstream LP Class A | Reduce -34.7% | 0.33% | −0.13 |
| SMH Vaneck Semiconductor ETF | Reduce -83.4% | 0.03% | −0.13 |
| TRU Transunion | Sold out | 0.00% | −0.12 |
| PAGP Plains GP Holdings LP | Reduce -39.2% | 0.19% | −0.11 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −0.11 |
| TMUS T-Mobile US Inc. | Reduce -46.0% | 0.14% | −0.09 |
| WGS Genedx Holdings Corp. | Sold out | 0.00% | −0.08 |
| PGR Progressive Corp. | Reduce -23.2% | 0.24% | −0.08 |
| TRGP Targa Resources Corp. | Reduce -22.0% | 3.97% | −0.07 |
| AMZN Amazon.com Inc. | Reduce -36.6% | 0.23% | −0.07 |
| FIX Comfort Systems USA Inc. | Sold out | 0.00% | −0.06 |
| AROC Archrock Inc. | Reduce -85.8% | 0.01% | −0.06 |
| ABVX Abivax SA-ADR | Reduce -38.5% | 0.03% | −0.05 |
| PFSI Pennymac Financial Services | Sold out | 0.00% | −0.04 |
| MPLX MPLX LP | Reduce -11.8% | 4.37% | −0.04 |
| ALAB Astera Labs Inc. | Sold out | 0.00% | −0.04 |
| CORZ Core Scientific Inc. | Reduce -65.0% | 0.02% | −0.03 |
| PSX Phillips 66 | Sold out | 0.00% | −0.03 |
| RBRK Rubrik Inc. Class A | Sold out | 0.00% | −0.03 |
| TEM Tempus AI Inc. Class A | Sold out | 0.00% | −0.03 |
| LINE Lineage Inc. | Reduce -12.1% | 0.06% | −0.03 |
| SUN Sunoco LP | Reduce -5.6% | 0.33% | −0.02 |
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −0.02 |
| ARIS WATER SOLUTIONS INC-A | Reduce -94.7% | 0.00% | −0.01 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −0.01 |
| SMC Summit Midstream Corp. | Sold out | 0.00% | −0.01 |
| OKE Oneok Inc. | Reduce -18.4% | 0.13% | −0.01 |
| BKV BKV Corporation | Sold out | 0.00% | −0.01 |
| IBTA Ibotta Inc. Class A | Sold out | 0.00% | −0.00 |
| NVEI Nuvei Corp.-Subordinate VTG | Sold out | 0.00% | −0.00 |
| AXONICS INC | Sold out | 0.00% | −0.00 |
| CTLT Catalent Inc. | Sold out | 0.00% | −0.00 |
| ENV Envestnet Inc. | Sold out | 0.00% | −0.00 |
| ACI Albertsons Cos Inc. Class A | Sold out | 0.00% | −0.00 |
| PRFT Perficient Inc. | Sold out | 0.00% | −0.00 |
| SRCL Stericycle Inc. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| WMB Williams Cos Inc. | Add +36.5% | 4.87% | +1.98 |
| ENB Enbridge Inc. | Add +650.7% | 1.15% | +1.01 |
| TRP TC Energy Corp. | Add +83.8% | 1.69% | +0.79 |
| KNTK Kinetik Holdings Inc. | Add +0.0% | 3.21% | +0.75 |
| DTM DT Midstream Inc. | Add +2783.2% | 0.77% | +0.75 |
| KMI Kinder Morgan Inc. | Add +435.0% | 0.57% | +0.48 |
| FOA Finance of America Cos Inc. Class A | New | 0.43% | +0.43 |
| NEE Nextera Energy Inc. | Add +75.3% | 1.13% | +0.40 |
| SOBO South Bow Corp. | Add +343.0% | 0.41% | +0.32 |
| ALL Allstate Corp. | New | 0.25% | +0.25 |
| AJG Arthur J Gallagher & Co. | New | 0.20% | +0.20 |
| FLUT Flutter Entertainment PLC-Di | New | 0.17% | +0.17 |
| BA The Boeing Co. | New | 0.17% | +0.17 |
| V Visa Inc. Class A | New | 0.15% | +0.15 |
| DFS Discover Financial Services | New | 0.14% | +0.14 |
| KGS Kodiak Gas Services Inc. | New | 0.10% | +0.10 |
| ENLC Enlink Midstream LLC | Add +36.1% | 0.29% | +0.08 |
| VIK Viking Holdings Ltd. | Add +162.5% | 0.11% | +0.08 |
| SRLN SS Blackstone Sr Loan ETF | Add +353.3% | 0.10% | +0.08 |
| FSCO FS Credit Opportunities Corp. | New | 0.05% | +0.05 |
| XBI SS SPDR S&P Biotech ETF | Add +107.6% | 0.09% | +0.04 |
| SARO Standardaero Inc. | New | 0.04% | +0.04 |
| TARA Protara Therapeutic Inc. | New | 0.04% | +0.04 |
| ZYME Zymeworks Inc. | Add +2171.4% | 0.04% | +0.04 |
| IKT Inhibikase Therapeutics Inc. | New | 0.03% | +0.03 |
| BXMT Blackstone Mortgage Tru Class A | Add +8.2% | 0.71% | +0.02 |
| ORKA Oruka Therapeutics Inc. | New | 0.02% | +0.02 |
| NOVAQ Sunnova Energy International | New | 0.01% | +0.01 |
| SYRE Spyre Therapeutics Inc. | Add +53.3% | 0.05% | +0.01 |
| ULS Ul Solutions Inc. Class A | Add +11.1% | 0.06% | +0.01 |
| COP Conocophillips | Add +188.2% | 0.01% | +0.01 |
| ABX Abacus Global Management Inc. | New | 0.01% | +0.01 |
| OS Onestream Inc. | Add +47.1% | 0.03% | +0.01 |
| TTAN Servicetitan Inc. Class A | New | 0.01% | +0.01 |
| AEROVATE THERAPEUTICS INC | New | 0.01% | +0.01 |
| AM Antero Midstream Corp. | Add +0.5% | 0.12% | +0.01 |
| SRRK Scholar Rock Holding Corp. | New | 0.00% | +0.00 |
| ALTR Altair Engineering Inc. Class A | New | 0.00% | +0.00 |
| SUM Summit Materials Inc. Class A | New | 0.00% | +0.00 |
| AMPX Amprius Technologies Inc. | New | 0.00% | +0.00 |
| PTVE Pactiv Evergreen Inc. | New | 0.00% | +0.00 |
| BARNES GROUP INC | New | 0.00% | +0.00 |
| LBRDK Liberty Broadband-C | New | 0.00% | +0.00 |
| ALTM Arcadium Lithium PLC | New | 0.00% | +0.00 |
| ATSG Air Transport Services Group | New | 0.00% | +0.00 |
| VST Vistra Corp. | New | 0.00% | +0.00 |
| CEG Constellation Energy | New | 0.00% | +0.00 |
| FSLR First Solar Inc. | New | 0.00% | +0.00 |
| GUTS Fractyl Health Inc. | New | 0.00% | +0.00 |
| CRDF Cardiff Oncology Inc. | New | 0.00% | +0.00 |
Options Activity Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +38.5% | 900,000 | $527.5M |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -60.0% | 300,000 | $153.4M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| SUNNOVA ENERGY INTL INC (NOVA 2.625 02/15/28) | NOTE 2.625% 2/1 · principal | Add +26.8% | 45,000,000 | $17.1M |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | New | 200,000 | $10.0M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | New | 200,000 | $8.1M |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | New | 2,500,000 | $2.5M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 512 | $30.3B | CQP, SPCX, DLR, CRBG, LGN |
| Q1 2026Amended | 414 | $24.4B | CQP, CRBG, FE, LGN, WMB |
| Q4 2025Amended | 239 | $23.0B | CQP, CRBG, FE, LGN, WMB |
| Q3 2025Amended | 244 | $23.4B | CQP, CRBG, FE, WMB, EQT |
| Q2 2025 | 162 | $22.2B | CQP, CRBG, WMB, FE, MPLX |
| Q1 2025 | 167 | $22.8B | CQP, CRBG, WMB, FE, TRGP |
| Q4 2024 | 152 | $21.1B | CQP, CRBG, FE, ET, EXE |
| Q3 2024 | 151 | $22.0B | CQP, ET, CRBG, FE, EXE |
| Q2 2024 | 162 | $22.5B | CQP, ET, CRBG, FE, EXE |
| Q1 2024 | 164 | $23.1B | CQP, ET, CRBG, GTES, EXE |