Blackstone Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Blackstone Inc. reported 162 stock positions worth $22.2 billion. Its top holding was Cheniere Energy Partners (CQP) at 25.8% of the portfolio, followed by Corebridge Financial (CRBG, 9.9%) and Williams Cos (WMB, 5.5%). Compared with Q1 2025, it opened 34 new positions, sold out of 40, added to 41 and reduced 25. The biggest buy was a new position in TXNM Energy (TXNM) and the biggest sale Expand Energy (EXE, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001393818
- Portfolio Value
- $22.2B (Q2 2025)
- SEC Filing
- 0000950123-25-008390 ↗ filed Aug 14, 2025
Holdings Value
Holdings 162 stocks · $22.2B
| CQP Cheniere Energy Partners LP | 25.81% | 102,346,331 | $5.7B | No change |
| CRBG Corebridge Financial Inc. | 9.90% | 61,962,123 | $2.2B | No change |
| WMB Williams Cos Inc. | 5.45% | 19,290,286 | $1.2B | Reduce -3.9% |
| FE Firstenergy Corp. | 5.22% | 28,832,099 | $1.2B | No change |
| MPLX MPLX LP | 3.93% | 16,943,438 | $872.8M | Reduce -3.2% |
| ET Energy Transfer LP | 3.81% | 46,657,026 | $845.9M | Reduce -10.3% |
| LOAR Loar Holdings Inc. | 2.98% | 7,683,405 | $662.1M | Reduce -38.4% |
| ENB Enbridge Inc. | 2.92% | 14,299,450 | $648.1M | Add +48.4% |
| CRWV Coreweave Inc. Class A | 2.86% | 3,896,616 | $635.4M | Reduce -39.1% |
| TRGP Targa Resources Corp. | 2.84% | 3,626,489 | $631.3M | Reduce -25.4% |
| KMI Kinder Morgan Inc. | 2.84% | 21,441,358 | $630.4M | Add +89.0% |
| EPD Enterprise Products Partners | 2.79% | 19,997,776 | $620.1M | Add +25.2% |
| LNG Cheniere Energy Inc. | 2.59% | 2,366,120 | $576.2M | Add +43.0% |
| KNTK Kinetik Holdings Inc. | 2.36% | 11,914,272 | $524.8M | Reduce -0.0% |
| TXNM TXNM Energy Inc. | 2.03% | 8,000,000 | $450.6M | New |
| DTM DT Midstream Inc. | 1.78% | 3,598,913 | $395.6M | Add +11.2% |
| WES Western Midstream Partners L | 1.60% | 9,169,479 | $354.9M | Reduce -11.9% |
| PAA Plains All Amer Pipeline LP | 1.32% | 15,986,460 | $292.9M | Reduce -1.9% |
| TLN Talen Energy Corp. | 1.19% | 910,941 | $264.9M | Add +1860.9% |
| BMBL Bumble Inc. Class A | 0.89% | 30,116,110 | $198.5M | No change |
| HESM Hess Midstream LP Class A | 0.87% | 5,015,644 | $193.2M | Reduce -18.7% |
| TASK Taskus Inc. Class A | 0.76% | 10,094,674 | $169.2M | New |
| PTEN Patterson-Uti Energy Inc. | 0.75% | 28,061,525 | $166.4M | No change |
| BXMT Blackstone Mortgage Tru Class A | 0.74% | 8,601,492 | $165.6M | No change |
| TRP TC Energy Corp. | 0.71% | 3,235,619 | $157.9M | Reduce -52.6% |
| PSFE Paysafe Ltd. | 0.64% | 11,331,366 | $143.0M | Add +0.0% |
| SOBO South Bow Corp. | 0.46% | 3,909,570 | $101.3M | Reduce -1.6% |
| BXSL Blackstone Secured Lending F | 0.44% | 3,206,530 | $98.6M | No change |
| SUN Sunoco LP | 0.43% | 1,796,281 | $96.3M | Add +2.4% |
| CWAN Clearwater Analytics HDS-A | 0.40% | 4,067,360 | $89.2M | Add +6.1% |
| APA Apa Corp. | 0.37% | 4,483,968 | $82.0M | Reduce -21.1% |
| CRH CRH PLC | 0.35% | 845,000 | $77.6M | Add +45.7% |
| SHO Sunstone Hotel Investors Inc. | 0.34% | 8,645,000 | $75.0M | No change |
| SRE Sempra | 0.34% | 984,926 | $74.6M | Reduce -1.5% |
| FOA Finance of America Cos Inc. Class A | 0.33% | 3,192,284 | $74.4M | No change |
| VNET Vnet Group Inc.-ADR | 0.32% | 10,402,130 | $71.8M | No change |
| COF Capital One Financial Corp. | 0.31% | 325,000 | $69.1M | Reduce -12.2% |
| MTZ Mastec Inc. | 0.27% | 350,000 | $59.7M | Add +11.1% |
| FLUT Flutter Entertainment PLC-Di | 0.27% | 207,500 | $59.3M | Add +3.8% |
| CCAP Crescent Capital BDC Inc. | 0.27% | 4,205,307 | $59.3M | Add +10.8% |
| FTV Fortive Corp. | 0.26% | 1,115,000 | $58.1M | Add +313.0% |
| AMZN Amazon.com Inc. | 0.23% | 228,588 | $50.1M | Reduce -26.3% |
| AUTL Autolus Therapeutics PLC | 0.21% | 20,485,611 | $46.7M | No change |
| AM Antero Midstream Corp. | 0.20% | 2,396,094 | $45.4M | Add +1294.3% |
| GOOGL Alphabet Inc. Class A | 0.20% | 250,130 | $44.1M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.20% | 920,000 | $43.5M | New |
| BA The Boeing Co. | 0.19% | 200,000 | $41.9M | New |
| PAGP Plains GP Holdings LP | 0.18% | 2,065,501 | $40.1M | Add +0.0% |
| BRO Brown & Brown Inc. | 0.17% | 350,000 | $38.8M | New |
| RDDT Reddit Inc. Class A | 0.17% | 250,000 | $37.6M | Reduce -50.0% |
| PBA Pembina Pipeline Corp. | 0.16% | 961,096 | $36.1M | Add +2.0% |
| RNR Renaissancere Holdings Ltd. | 0.14% | 128,500 | $31.2M | New |
| ACHR Archer Aviation Inc. Class A | 0.13% | 2,750,000 | $29.8M | New |
| CORZ Core Scientific Inc. | 0.13% | 1,717,000 | $29.3M | Reduce -14.2% |
| OKE Oneok Inc. | 0.12% | 337,673 | $27.6M | Add +17.4% |
| ELVN Enliven Therapeutics Inc. | 0.12% | 1,320,592 | $26.5M | Add +73.2% |
| CMPX Compass Therapeutics Inc. | 0.12% | 10,025,151 | $26.1M | No change |
| GDX Vaneck Gold Miners ETF | 0.12% | 500,000 | $26.0M | New |
| OTLY Oatly Group AB | 0.11% | 1,988,909 | $23.6M | No change |
| MIND MEDICINE MINDMED INC | 0.10% | 3,587,479 | $23.3M | No change |
| DKNG Draftkings Inc. Class A | 0.10% | 525,000 | $22.5M | Add +61.5% |
| PLD Prologis Inc. | 0.10% | 210,617 | $22.1M | New |
| ZYME Zymeworks Inc. | 0.09% | 1,656,790 | $20.8M | Add +19.8% |
| SRLN SS Blackstone Sr Loan ETF | 0.09% | 492,591 | $20.5M | No change |
| BAER Bridger Aerospace Group Hold | 0.08% | 9,624,610 | $18.6M | No change |
| IWM iShares Russell 2000 ETF | 0.08% | 85,889 | $18.5M | Add +4011.5% |
| TTAN Servicetitan Inc. Class A | 0.08% | 170,000 | $18.2M | Add +1033.3% |
| SITM Sitime Corp. | 0.08% | 80,000 | $17.0M | New |
| TTWO Take-Two Interactive Softwre | 0.08% | 70,000 | $17.0M | New |
| USAC USA Compression Partners LP | 0.07% | 654,419 | $15.9M | Add +29.3% |
| RZLT Rezolute Inc. | 0.07% | 3,560,289 | $15.9M | Add +104.1% |
| AXSM Axsome Therapeutics Inc. | 0.07% | 140,000 | $14.6M | New |
| INDA iShares MSCI India ETF | 0.06% | 255,895 | $14.2M | Add +46.6% |
| FOLD Amicus Therapeutics Inc. | 0.06% | 2,467,104 | $14.1M | No change |
| SARO Standardaero Inc. | 0.06% | 400,000 | $12.7M | No change |
| FSCO FS Credit Opportunities Corp. | 0.05% | 1,662,945 | $12.1M | No change |
| BCAX Bicara Therapeutics Inc. | 0.05% | 1,224,336 | $11.4M | Add +19.1% |
| CLDT Chatham Lodging Trust | 0.05% | 1,621,000 | $11.3M | No change |
| ARRY Array Technologies Inc. | 0.05% | 1,799,900 | $10.6M | No change |
| UNH Unitedhealth Group Inc. | 0.05% | 33,755 | $10.5M | New |
| HUDSON PAC PPTYS INC | 0.05% | 3,797,100 | $10.4M | No change |
| GEL Genesis Energy L.P. | 0.04% | 575,735 | $9.9M | No change |
| ORKA Oruka Therapeutics Inc. | 0.04% | 826,724 | $9.3M | Add +5.5% |
| GLP Global Partners LP | 0.04% | 162,104 | $8.5M | Add +6.6% |
| LB Landbridge Co. LLC-A | 0.04% | 125,000 | $8.4M | Add +104.9% |
| KRMN Karman Holdings Inc. | 0.04% | 165,000 | $8.3M | No change |
| KTOS Kratos Defense & Security | 0.04% | 175,000 | $8.1M | New |
| APGE Apogee Therapeutics Inc. | 0.03% | 178,546 | $7.8M | Reduce -2.8% |
| SPH Suburban Propane Partners LP | 0.03% | 414,171 | $7.7M | Add +0.5% |
| PRMB Primo Brands Corp. | 0.03% | 250,000 | $7.4M | No change |
| SYRE Spyre Therapeutics Inc. | 0.03% | 489,248 | $7.3M | No change |
| KGS Kodiak Gas Services Inc. | 0.03% | 213,103 | $7.3M | Reduce -86.3% |
| TARA Protara Therapeutic Inc. | 0.03% | 1,909,662 | $5.8M | Add +9.5% |
| DKL Delek Logistics Partners LP | 0.03% | 129,929 | $5.6M | Add +42.7% |
| APLE Apple Hospitality REIT Inc. | 0.02% | 446,900 | $5.2M | No change |
| IKT Inhibikase Therapeutics Inc. | 0.02% | 2,638,276 | $5.1M | Add +27.4% |
| NVDA Nvidia Corp. | 0.02% | 30,770 | $4.9M | New |
| LXEO Lexeo Therapeutics Inc. | 0.02% | 1,124,922 | $4.5M | Reduce -2.9% |
| CYRX Cryoport Inc. | 0.02% | 453,396 | $3.4M | No change |
| MMLP Martin Midstream Partners LP | 0.01% | 985,952 | $2.9M | Reduce -0.0% |
Options reported separately and not counted above: SPY puts ($803.2M), HYG puts ($322.6M), CRWV puts ($40.8M), BULL puts ($12.0M), VG calls ($6.2M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $6.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 200,000 | $6.4M | No change |
Total filed on the 13F, all lines: $22.2B.
Portfolio Sells Q1 2025 → Q2 2025
| EXE Expand Energy Corp. | Reduce -100.0% | 0.00% | −2.78 |
| TRGP Targa Resources Corp. | Reduce -25.4% | 2.84% | −1.43 |
| LOAR Loar Holdings Inc. | Reduce -38.4% | 2.98% | −0.89 |
| TRP TC Energy Corp. | Reduce -52.6% | 0.71% | −0.70 |
| AMPS Altus Power Inc. | Sold out | 0.00% | −0.46 |
| ET Energy Transfer LP | Reduce -10.3% | 3.81% | −0.43 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.36 |
| KNTK Kinetik Holdings Inc. | Reduce -0.0% | 2.36% | −0.35 |
| HESM Hess Midstream LP Class A | Reduce -18.7% | 0.87% | −0.27 |
| WES Western Midstream Partners L | Reduce -11.9% | 1.60% | −0.27 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −0.23 |
| PGR Progressive Corp. | Sold out | 0.00% | −0.23 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.23 |
| KDP Keurig Dr Pepper Inc. | Sold out | 0.00% | −0.23 |
| KGS Kodiak Gas Services Inc. | Reduce -86.3% | 0.03% | −0.22 |
| MPLX MPLX LP | Reduce -3.2% | 3.93% | −0.18 |
| ALL Allstate Corp. | Sold out | 0.00% | −0.17 |
| APA Apa Corp. | Reduce -21.1% | 0.37% | −0.15 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.14 |
| TRU Transunion | Sold out | 0.00% | −0.13 |
| PAA Plains All Amer Pipeline LP | Reduce -1.9% | 1.32% | −0.11 |
| LPLA LPL Financial Holdings Inc. | Sold out | 0.00% | −0.10 |
| XBI SS SPDR S&P Biotech ETF | Reduce -98.9% | 0.00% | −0.08 |
| RDDT Reddit Inc. Class A | Reduce -50.0% | 0.17% | −0.06 |
| VISN Vistance Networks Inc. | Sold out | 0.00% | −0.03 |
| AMZN Amazon.com Inc. | Reduce -26.3% | 0.23% | −0.03 |
| VG Venture Global Inc. Class A | Sold out | 0.00% | −0.03 |
| VIK Viking Holdings Ltd. | Sold out | 0.00% | −0.03 |
| NXT Nextpower Inc. | Sold out | 0.00% | −0.03 |
| SAIL Sailpoint Inc. | Sold out | 0.00% | −0.02 |
| WAY Waystar Holding Corp. | Sold out | 0.00% | −0.02 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.02 |
| ENPH Enphase Energy Inc. | Sold out | 0.00% | −0.02 |
| RAL Ralliant Corp. | Reduce -96.3% | 0.00% | −0.02 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −0.01 |
| RUN Sunrun Inc. | Sold out | 0.00% | −0.01 |
| AEROVATE THERAPEUTICS INC | Sold out | 0.00% | −0.01 |
| OS Onestream Inc. | Sold out | 0.00% | −0.01 |
| SHLS Shoals Technologies Group -A | Sold out | 0.00% | −0.01 |
| NOVAQ Sunnova Energy International | Sold out | 0.00% | −0.01 |
| SEDG Solaredge Technologies Inc. | Sold out | 0.00% | −0.01 |
| BTSG Brightspring Health Services | Sold out | 0.00% | −0.01 |
| ACET Adicet Bio Inc. | Sold out | 0.00% | −0.00 |
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −0.00 |
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −0.00 |
| X United States Steel Corp. | Sold out | 0.00% | −0.00 |
| AMPX Amprius Technologies Inc. | Sold out | 0.00% | −0.00 |
| IONQ Ionq Inc. | Sold out | 0.00% | −0.00 |
| PTVE Pactiv Evergreen Inc. | Sold out | 0.00% | −0.00 |
| MMLP Martin Midstream Partners LP | Reduce -0.0% | 0.01% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| TXNM TXNM Energy Inc. | New | 2.03% | +2.03 |
| KMI Kinder Morgan Inc. | Add +89.0% | 2.84% | +1.42 |
| TLN Talen Energy Corp. | Add +1860.9% | 1.19% | +1.15 |
| ENB Enbridge Inc. | Add +48.4% | 2.92% | +1.04 |
| LNG Cheniere Energy Inc. | Add +43.0% | 2.59% | +0.91 |
| TASK Taskus Inc. Class A | New | 0.76% | +0.76 |
| DTM DT Midstream Inc. | Add +11.2% | 1.78% | +0.41 |
| EPD Enterprise Products Partners | Add +25.2% | 2.79% | +0.40 |
| GOOGL Alphabet Inc. Class A | New | 0.20% | +0.20 |
| BAC Bank of America Corp. | New | 0.20% | +0.20 |
| AM Antero Midstream Corp. | Add +1294.3% | 0.20% | +0.19 |
| BA The Boeing Co. | New | 0.19% | +0.19 |
| FTV Fortive Corp. | Add +313.0% | 0.26% | +0.17 |
| BRO Brown & Brown Inc. | New | 0.17% | +0.17 |
| RNR Renaissancere Holdings Ltd. | New | 0.14% | +0.14 |
| ACHR Archer Aviation Inc. Class A | New | 0.13% | +0.13 |
| CRH CRH PLC | Add +45.7% | 0.35% | +0.13 |
| GDX Vaneck Gold Miners ETF | New | 0.12% | +0.12 |
| MTZ Mastec Inc. | Add +11.1% | 0.27% | +0.11 |
| PLD Prologis Inc. | New | 0.10% | +0.10 |
| IWM iShares Russell 2000 ETF | Add +4011.5% | 0.08% | +0.08 |
| SITM Sitime Corp. | New | 0.08% | +0.08 |
| TTWO Take-Two Interactive Softwre | New | 0.08% | +0.08 |
| TTAN Servicetitan Inc. Class A | Add +1033.3% | 0.08% | +0.08 |
| FLUT Flutter Entertainment PLC-Di | Add +3.8% | 0.27% | +0.07 |
| AXSM Axsome Therapeutics Inc. | New | 0.07% | +0.07 |
| DKNG Draftkings Inc. Class A | Add +61.5% | 0.10% | +0.05 |
| ELVN Enliven Therapeutics Inc. | Add +73.2% | 0.12% | +0.05 |
| RZLT Rezolute Inc. | Add +104.1% | 0.07% | +0.05 |
| UNH Unitedhealth Group Inc. | New | 0.05% | +0.05 |
| KTOS Kratos Defense & Security | New | 0.04% | +0.04 |
| INDA iShares MSCI India ETF | Add +46.6% | 0.06% | +0.02 |
| NVDA Nvidia Corp. | New | 0.02% | +0.02 |
| ZYME Zymeworks Inc. | Add +19.8% | 0.09% | +0.02 |
| LB Landbridge Co. LLC-A | Add +104.9% | 0.04% | +0.02 |
| VOYG Voyager Technologies Inc. Class A | New | 0.01% | +0.01 |
| CAI Caris Life Sciences Inc. | New | 0.01% | +0.01 |
| USAC USA Compression Partners LP | Add +29.3% | 0.07% | +0.01 |
| MMYT Makemytrip Ltd. | New | 0.01% | +0.01 |
| CHYM Chime Financial Inc. Class A | New | 0.01% | +0.01 |
| DKL Delek Logistics Partners LP | Add +42.7% | 0.03% | +0.01 |
| SLDE Slide Insurance Holdings Inc. | New | 0.01% | +0.01 |
| META Meta Platforms Inc. Class A | New | 0.01% | +0.01 |
| ORKA Oruka Therapeutics Inc. | Add +5.5% | 0.04% | +0.01 |
| MSFT Microsoft Corp. | New | 0.01% | +0.01 |
| CBIO Crescent Biopharma Inc. | New | 0.01% | +0.01 |
| BTBT Bit Digital Inc. | New | 0.00% | +0.00 |
| COOP Mr Cooper Group Inc. | New | 0.00% | +0.00 |
| SWTX Springworks Therapeutics Inc. | New | 0.00% | +0.00 |
| SKX Skechers USA Inc. Class A | New | 0.00% | +0.00 |
Options Activity Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -33.3% | 1,300,000 | $803.2M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Add +100.0% | 4,000,000 | $322.6M |
| CRWV Coreweave Inc. Class A | put | New | 250,000 | $40.8M |
| BULL Webull Corp. | put | New | 1,000,000 | $12.0M |
| VG Venture Global Inc. Class A | call | New | 400,000 | $6.2M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| SUNNOVA ENERGY INTL INC (NOVA 2.625 02/15/28) | NOTE 2.625% 2/1 · principal | Sold out | 77,105,000 | $6.9Mbefore exit |
| SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) | NOTE 0.250%12/0 · principal | Sold out | 36,000,000 | $3.6Mbefore exit |
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 |