Blackstone Inc.
Reported US equity positions for Q1 2026 — $24.2B across 438 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| CQP Cheniere Energy Partners, LP Common Units | $6.6B | 27.3% | 102,346,331 |
| CRBG Corebridge Financial Inc. | $1.5B | 6.1% | 61,962,123 |
| FE FirstEnergy Corp. | $1.5B | 6.0% | 28,832,099 |
| LGN Legence Corp | $1.4B | 5.9% | 25,341,365 |
| WMB The Williams Companies, Inc. | $1.2B | 5.1% | 17,074,392 |
| MPLX MPLX LP Common Units Representing Limited Partner Interests | $876.1M | 3.6% | 15,350,683 |
| TRGP Targa Resources, Inc. | $838.0M | 3.5% | 3,342,348 |
| EPD Enterprise Products Partners L.P. | $798.6M | 3.3% | 21,103,484 |
| ENB Enbridge Inc | $763.6M | 3.2% | 14,104,409 |
| KMI Kinder Morgan, Inc. | $703.2M | 2.9% | 20,971,186 |
| ET Energy Transfer LP Common Units | $600.6M | 2.5% | 31,120,745 |
| KNTK Kinetik Holdings Inc. Class A | $577.0M | 2.4% | 11,918,786 |
| LNG Cheniere Energy, Inc. | $533.8M | 2.2% | 1,881,252 |
| TXNM TXNM Energy, Inc. | $467.7M | 1.9% | 8,000,000 |
| PAA Plains All American Pipeline, L.P. - Common Units representing Limited… | $418.5M | 1.7% | 18,740,802 |
| TRP TC Energy Corporation | $401.6M | 1.7% | 6,415,297 |
| DTM DT Midstream, Inc. | $361.0M | 1.5% | 2,680,256 |
| WES Western Midstream Partners, LP Common Units Representing Limited… | $360.5M | 1.5% | 8,755,422 |
| OKE ONEOK, Inc. | $308.7M | 1.3% | 3,415,203 |
| HESM Hess Midstream LP Class A Representing Limited Partner Interests | $302.0M | 1.2% | 7,769,525 |
| SUNC Sunococorp LLC | $189.4M | 0.8% | 3,071,910 |
| BXMT Blackstone Mortgage Trust, Inc. | $177.8M | 0.7% | 9,283,323 |
| AMZN Amazon.com, Inc. | $149.0M | 0.6% | 715,435 |
| IWM iShares Russell 2000 Index Fund | $140.9M | 0.6% | 568,199 |
| MSFT Microsoft Corporation | $118.6M | 0.5% | 320,478 |
| BMBL Bumble Inc. | $97.5M | 0.4% | 29,909,999 |
| CX Cemex, S.A.B. de C.V. Sponsored ADR | $97.2M | 0.4% | 8,500,000 |
| CWAN Clearwater Analytics Hldgs I | $96.2M | 0.4% | 4,067,360 |
| VNET VNET Group, Inc. | $87.3M | 0.4% | 10,402,130 |
| AMAT Applied Materials, Inc. | $85.0M | 0.4% | 248,751 |
| SHO Sunstone Hotel Investors, Inc. Sunstone Hotel Investors, Inc. | $77.9M | 0.3% | 8,645,000 |
| PTEN Patterson-UTI Energy, Inc. | $77.3M | 0.3% | 7,139,404 |
| G6700G107 Nvent Elec PLC | $76.3M | 0.3% | 645,000 |
| BXSL Blackstone Secured Lending Fund Common Shares of Beneficial Interest | $76.0M | 0.3% | 3,206,530 |
| AVBC Avalonbay Cmntys INC | $76.0M | 0.3% | 465,000 |
| G6964L206 Paysafe Limited | $74.6M | 0.3% | 10,961,114 |
| INDA iShares MSCI India ETF | $72.8M | 0.3% | 1,554,466 |
| SPY State Street SPDR S&P 500 ETF Trust | $69.1M | 0.3% | 106,328 |
| TASK TaskUs, Inc. | $67.7M | 0.3% | 10,094,674 |
| AM Antero Midstream Corporation | $64.1M | 0.3% | 2,811,631 |
| SUN Sunoco LP Common Units representing limited partner interests | $58.1M | 0.2% | 894,358 |
| AMD Advanced Micro Devices, Inc. | $56.2M | 0.2% | 276,147 |
| NFG National Fuel Gas Company | $55.1M | 0.2% | 586,584 |
| G4124C109 Grab Holdings Limited | $54.9M | 0.2% | 15,000,000 |
| COF Capital One Financial Corporation | $51.4M | 0.2% | 281,697 |
| CCAP Crescent Capital BDC, Inc. | $51.1M | 0.2% | 4,205,307 |
| V Visa Inc. | $49.5M | 0.2% | 163,858 |
| PAGP Plains GP Holdings, L.P. - Class A Shares representing limited partner… | $48.1M | 0.2% | 1,979,161 |
| EQT EQT Corporation | $48.0M | 0.2% | 754,589 |
| VRT Vertiv Holdings, LLC Class A | $47.6M | 0.2% | 190,000 |
| APC Arko Pete Corp | $47.4M | 0.2% | 2,649,074 |
| PPL PPL Corporation | $42.7M | 0.2% | 952,930 |
| TLN Talen Energy Corporation | $37.5M | 0.2% | 117,539 |
| AUTL Autolus Therapeutics plc | $28.3M | 0.1% | 20,485,611 |
| ACHR Archer Aviation Inc. Class A | $26.1M | 0.1% | 5,052,302 |
| VNOM Viper Energy, Inc. | $23.5M | 0.1% | 500,000 |
| SOBO South Bow Corp | $23.2M | 0.1% | 697,176 |
| SRLN State Street Blackstone Senior Loan ETF | $22.3M | 0.1% | 555,591 |
| 67421J207 Oatly Group Ab | $20.2M | 0.1% | 1,988,909 |
| META Meta Platforms, Inc. | $19.9M | 0.1% | 34,815 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| LGN Legence Corp | Trim | $1.4B | $1.1B | -2% |
| WMB The Williams Companies, Inc. | Trim | $1.2B | $1.1B | -3% |
| MPLX MPLX LP Common Units Representing Limited Partner Interests | Trim | $876.1M | $838.2M | -2% |
| TRGP Targa Resources, Inc. | Trim | $838.0M | $692.3M | -11% |
| EPD Enterprise Products Partners L.P. | Add | $798.6M | $617.3M | +10% |
| ENB Enbridge Inc | Trim | $763.6M | $709.9M | -5% |
| KMI Kinder Morgan, Inc. | Trim | $703.2M | $587.6M | -2% |
| ET Energy Transfer LP Common Units | Add | $600.6M | $425.0M | +21% |
| LNG Cheniere Energy, Inc. | Trim | $533.8M | $756.2M | -52% |
| PAA Plains All American Pipeline, L.P. - Common Units representing Limited… | Add | $418.5M | $238.7M | +41% |
| TRP TC Energy Corporation | Add | $401.6M | $123.9M | +185% |
| DTM DT Midstream, Inc. | Add | $361.0M | $267.0M | +20% |
| WES Western Midstream Partners, LP Common Units Representing Limited… | Trim | $360.5M | $438.2M | -21% |
| OKE ONEOK, Inc. | Trim | $308.7M | $259.0M | -3% |
| HESM Hess Midstream LP Class A Representing Limited Partner Interests | Add | $302.0M | $125.8M | +113% |
| SUNC Sunococorp LLC | Add | $189.4M | $80.6M | +88% |
| AMZN Amazon.com, Inc. | Add | $149.0M | $117.2M | +41% |
| IWM iShares Russell 2000 Index Fund | Add | $140.9M | $41.3M | +239% |
| MSFT Microsoft Corporation | Add | $118.6M | $104.2M | +49% |
| BMBL Bumble Inc. | Trim | $97.5M | $133.5M | -20% |
| CX Cemex, S.A.B. de C.V. Sponsored ADR | Add | $97.2M | $84.1M | +16% |
| PTEN Patterson-UTI Energy, Inc. | Trim | $77.3M | $171.5M | -75% |
| G6700G107 Nvent Elec PLC | Add | $76.3M | $62.2M | +6% |
| INDA iShares MSCI India ETF | Add | $72.8M | $19.0M | +343% |
| SPY State Street SPDR S&P 500 ETF Trust | Add | $69.1M | $67.4M | +8% |
| SUN Sunoco LP Common Units representing limited partner interests | Trim | $58.1M | $127.6M | -63% |
| COF Capital One Financial Corporation | Add | $51.4M | $51.9M | +32% |
| V Visa Inc. | Trim | $49.5M | $69.5M | -17% |
| PAGP Plains GP Holdings, L.P. - Class A Shares representing limited partner… | Trim | $48.1M | $38.7M | -2% |
| EQT EQT Corporation | Trim | $48.0M | $987.9M | -96% |
| VRT Vertiv Holdings, LLC Class A | Add | $47.6M | $21.9M | +41% |
| PPL PPL Corporation | Trim | $42.7M | $36.7M | -1% |
| ACHR Archer Aviation Inc. Class A | Trim | $26.1M | $58.8M | -35% |
| VNOM Viper Energy, Inc. | Trim | $23.5M | $193.2M | -90% |
| SOBO South Bow Corp | Trim | $23.2M | $19.5M | -2% |
| META Meta Platforms, Inc. | Add | $19.9M | $15.9M | +45% |
| NVDA NVIDIA Corporation | Add | $16.9M | $9.6M | +88% |
| SYRE Spyre Therapeutics, Inc. | Trim | $14.8M | $16.4M | -42% |
| 430 Terns Pharmaceuticals INC | Trim | $12.2M | $19.3M | -51% |
| MA Mastercard Incorporated | Add | $12.1M | $6.2M | +122% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.