Blackstone Inc.
Total reported value
$25.6B
Reporting period: 2026-03-31 · Number of holdings: 441
Blackstone Inc. disclosed 441 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $25.6B and a quarterly turnover rate of 199.9%.
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Personality snowflake
- Concentration
- 35.79
- Portfolio Stability
- 100
- Momentum/Contrarian
- 0
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 39.74
Recent moves
New buy CQP
New buy CRBG
New buy FE
New buy LGN
New buy SPY
New buy WMB
Holdings Map
Institutional Game-State Analysis
Blackstone Inc. is not dabbling—this is a deliberate and aggressive capital deployment into North American natural gas infrastructure, with CQP as the 25.8% anchor. The simultaneous initiation of 416 positions including an S&P 500 ETF suggests a core-satellite structure: a single high-conviction MLP surrounded by a granular portfolio of energy and utility spin-offs to capture a regime of rising power demand and commodity stickiness.
The bet is a structural re-industrialization narrative with natural gas at the center, pairing midstream energy and rate-base utilities to profit from the intersection of AI-driven load growth, onshoring, and lower-carbon baseload. The opposing thesis: LNG capacity additions and interest-rate normalization crush midstream margins and utility valuations simultaneously, delivering a double-hit to the portfolio's core.
CQP at 25.8% is a concentrated bet on a single MLP structure; any regulatory change or tax ruling affecting MLPs directly impairs a quarter of the portfolio. The 416-name long tail includes multiple micro-cap names with minimal volume—this portfolio will face severe locks in a liquidity crisis.
The above is AI-generated from public regulatory filings and summarizes historical data only. It is not investment advice.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 416 holdings (of 441 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | CQP | Cheniere Energy Partners LP | Stock-Other | 25.83% | +25.83% | NEW | |
| 2 | CRBG | Corebridge Financial INC | Stock-Financials | 5.77% | +5.77% | NEW | |
| 3 | FE | Firstenergy CORP | Stock-Utilities | 5.70% | +5.70% | NEW | |
| 4 | LGN | Legence Corp-cl A | Stock-Other | 5.59% | +5.59% | NEW | |
| 5 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 4.87% | +4.87% | NEW | |
| 6 | WMB | Williams Cos INC | Stock-Energy | 4.85% | +4.85% | NEW | |
| 7 | MPLX | Mplx LP | Stock-Energy | 3.42% | +3.42% | NEW | |
| 8 | TRGP | Targa Resources CORP | Stock-Energy | 3.27% | +3.27% | NEW | |
| 9 | EPD | Enterprise Products Partners | Stock-Energy | 3.12% | +3.12% | NEW | |
| 10 | ENB | Enbridge INC | Stock-Energy | 2.98% | +2.98% | NEW | |
| 11 | KMI | Kinder Morgan INC | Stock-Energy | 2.75% | +2.75% | NEW | |
| 12 | ET | Energy Transfer LP | Stock-Energy | 2.35% | +2.35% | NEW | |
| 13 | KNTK | Kinetik Holdings INC | Stock-Other | 2.25% | +2.25% | NEW | |
| 14 | LNG | Cheniere Energy INC | Stock-Energy | 2.08% | +2.08% | NEW | |
| 15 | TXNM | Txnm Energy INC | Stock-Utilities | 1.83% | +1.83% | NEW | |
| 16 | PAA | Plains All Amer Pipeline LP | Stock-Energy | 1.63% | +1.63% | NEW | |
| 17 | TRP | Tc Energy CORP | Stock-Energy | 1.57% | +1.57% | NEW | |
| 18 | DTM | Dt Midstream INC | Stock-Energy | 1.41% | +1.41% | NEW | |
| 19 | WES | Western Midstream Partners L | Stock-Energy | 1.41% | +1.41% | NEW | |
| 20 | OKE | Oneok INC | Stock-Energy | 1.21% | +1.21% | NEW | |
| 21 | HESM | Hess Midstream LP - Class A | Stock-Other | 1.18% | +1.18% | NEW | |
| 22 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.83% | +0.83% | NEW | |
| 23 | SUNC | Sunococorp LLC | Stock-Other | 0.74% | +0.74% | NEW | |
| 24 | BXMT | Blackstone Mortgage Tru-cl A | Stock-Real Estate | 0.69% | +0.69% | NEW | |
| 25 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.58% | +0.58% | NEW | |
| 26 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.55% | +0.55% | NEW | |
| 27 | MSFT | Microsoft CORP | Stock-Tech | 0.46% | +0.46% | NEW | |
| 28 | BMBL | Bumble Inc-a | Stock-Other | 0.38% | +0.38% | NEW | |
| 29 | CX | Cemex Sab-spons Adr Part Cer | Stock-Other | 0.38% | +0.38% | NEW | |
| 30 | CWAN | Clearwater Analytics Holdings, Inc. | Stock-Tech | 0.38% | +0.38% | NEW | |
| 31 | VNET | Vnet Group Inc-adr | Stock-Other | 0.34% | +0.34% | NEW | |
| 32 | AMAT | Applied Materials INC | Stock-Tech | 0.33% | +0.33% | NEW | |
| 33 | SHO | Sunstone Hotel Investors INC | Stock-Other | 0.30% | +0.30% | NEW | |
| 34 | PTEN | Patterson-uti Energy INC | Stock-Energy | 0.30% | +0.30% | NEW | |
| 35 | NVT | nVent Electric plc | Stock-Industrials | 0.30% | +0.30% | NEW | |
| 36 | BXSL | Blackstone Secured Lending F | Stock-Financials | 0.30% | +0.30% | NEW | |
| 37 | AVB | Avalonbay Communities INC | Stock-Real Estate | 0.30% | +0.30% | NEW | |
| 38 | PSFE | Paysafe Limited | Stock-Other | 0.29% | +0.29% | NEW | |
| 39 | INDA | Ishares Msci India ETF | ETF-Other | 0.28% | +0.28% | NEW | |
| 40 | TASK | Taskus Inc-a | Stock-Other | 0.26% | +0.26% | NEW | |
| 41 | AM | Antero Midstream CORP | Stock-Energy | 0.25% | +0.25% | NEW | |
| 42 | SUN | Sunoco LP | Stock-Other | 0.23% | +0.23% | NEW | |
| 43 | AMD | Advanced Micro Devices | Stock-Tech | 0.22% | +0.22% | NEW | |
| 44 | NFG | National Fuel Gas Co | Stock-Energy | 0.22% | +0.22% | NEW | |
| 45 | GRAB | Grab Holdings Limited | Stock-Tech | 0.21% | +0.21% | NEW | |
| 46 | COF | Capital One Financial CORP | Stock-Financials | 0.20% | +0.20% | NEW | |
| 47 | CCAP | Crescent Capital Bdc INC | Stock-Other | 0.20% | +0.20% | NEW | |
| 48 | V | Visa Inc-class A Shares | Stock-Financials | 0.19% | +0.19% | NEW | |
| 49 | PAGP | Plains Gp Holdings Lp-cl A | Stock-Energy | 0.19% | +0.19% | NEW | |
| 50 | EQT | Eqt CORP | Stock-Energy | 0.19% | +0.19% | NEW |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 441 | $25.6B | 100 | |
| 2025-12-31 | 263 | $25.3B | 0 | |
| 2025-09-30 | 263 | $24.8B | 0 | |
| 2025-06-30 | 177 | $23.4B | 0 | |
| 2025-03-31 | 181 | $24.1B | 100 | |
| 2024-12-31 | 172 | $22.0B | 0 | |
| 2024-09-30 | 174 | $22.9B | 0 | |
| 2024-06-30 | 186 | $23.9B | 0 | |
| 2024-03-31 | 202 | $24.8B | 0 | |
| 2023-12-31 | 173 | $22.2B | 0 | |
| 2023-09-30 | 169 | $23.9B | 0 | |
| 2023-06-30 | 166 | $23.4B | 0 | |
| 2023-03-31 | 179 | $24.4B | 0 | |
| 2022-12-31 | 185 | $26.4B | 0 | |
| 2022-09-30 | 227 | $27.1B | 0 | |
| 2022-06-30 | 260 | $30.1B | 0 | |
| 2022-03-31 | 260 | $39.4B | 0 | |
| 2021-12-31 | 543 | $39.9B | 0 | |
| 2021-09-30 | 633 | $44.9B | 0 | |
| 2021-06-30 | 624 | $44.3B | 49 | |
| 2021-03-31 | 500 | $50.2B | 75 | |
| 2020-12-31 | 259 | $28.4B | 45 | |
| 2020-09-30 | 185 | $25.8B | 28 | |
| 2020-06-30 | 168 | $23.7B | 76 | |
| 2020-03-31 | 83 | $13.8B | 66 | |
| 2019-12-31 | 72 | $15.4B | 35 | |
| 2019-09-30 | 74 | $17.4B | 21 | |
| 2019-06-30 | 96 | $19.1B | 27 | |
| 2019-03-31 | 76 | $20.6B | 18 | |
| 2018-12-31 | 56 | $18.0B | 28 | |
| 2018-09-30 | 57 | $21.6B | 19 | |
| 2018-06-30 | 89 | $19.7B | 29 | |
| 2018-03-31 | 62 | $19.9B | 64 | |
| 2017-12-31 | 102 | $24.6B | 57 | |
| 2017-09-30 | 42 | $16.3B | 59 | |
| 2017-06-30 | 42 | $11.3B | 36 | |
| 2017-03-31 | 44 | $13.1B | 100 | |
| 2016-12-31 | 42 | $16.2B | 17 | |
| 2016-09-30 | 100 | $17.3B | 33 | |
| 2016-06-30 | 110 | $21.7B | 29 | |
| 2016-03-31 | 67 | $23.6B | 24 | |
| 2015-12-31 | 71 | $27.1B | 31 | |
| 2015-09-30 | 78 | $31.1B | 18 | |
| 2015-06-30 | 64 | $35.0B | 28 | |
| 2015-03-31 | 58 | $36.6B | 28 | |
| 2014-12-31 | 58 | $35.4B | 34 | |
| 2014-09-30 | 51 | $34.2B | 21 | |
| 2014-06-30 | 46 | $31.7B | 17 | |
| 2014-03-31 | 35 | $33.1B | 13 | |
| 2013-12-31 | 34 | $31.8B | 100 | |
| 2013-09-30 | 33 | $11.7B | 20 | |
| 2013-06-30 | 35 | $12.1B | 0 |
Holding changes this quarter
Blackstone Inc.'s most significant position changes for 2026-03-31: New buy: Cheniere Energy Partners LP (CQP); New buy: Corebridge Financial INC (CRBG); New buy: Firstenergy CORP (FE); New buy: Legence Corp-cl A (LGN); New buy: Ss Spdr S&p 500 ETF Trust-us (SPY).
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