Zhitong Finance App learned that according to the US Securities and Exchange Commission (SEC) disclosure, global alternative asset management giant The Blackstone Group (The Blackstone Group) submitted a position report (13F) for the first quarter ending March 31, 2024.

According to statistics, the total market value of Blackstone's holdings in the first quarter was 22.2 billion US dollars, and the total market value in the previous quarter was 23.9 billion US dollars, down 7.1% from the previous quarter. Blackstone added 33 new shares to its US stock portfolio in the first quarter, increased its holdings by 30, reduced its holdings by 37, and cleared 25 stocks. Among them, the top ten holdings account for 68.87% of the total market value.

Among the top ten largest stocks in Blackstone, Cheniere Energy Partners (CQP.US) ranked first, holding about 102 million shares with a market value of about US$5.05 billion, accounting for 20.41% of Blackstone's portfolio, which remained unchanged from the previous quarter.

According to public information, Cheniere Energy Partners is a natural gas energy company located in the United States. It is mainly engaged in the development, operation and production of liquefied natural gas (LNG) projects, and has an important position in the global LNG industry. Cheniere Energy Partners owns and operates the Sabine Pass LNG outlet terminal located in Louisiana. The terminal can liquefy natural gas into LNG and export it to markets around the world via ships. In addition to LNG terminals, Cheniere Energy Partners is also involved in other energy infrastructure fields, such as gas pipelines.

Energy Transfer Equity LP (ET.US) ranked second, holding about 147 million shares with a market value of about US$2.32 billion, accounting for 9.37% of Blackstone's portfolio, down 1.29% from the previous quarter.

Corebridge Financial Inc. (CRBG.US) ranked third, holding about 61.92 million shares with a market value of about US$1.78 billion, accounting for 7.19% of Blackstone's portfolio, which remained unchanged from the previous quarter.

Gates Industrial Corp PLC (GTES.US) ranked fourth, holding about 72 million shares with a market value of about US$1.28 billion, accounting for 5.15% of the portfolio, a decrease of 25.21% from the previous quarter.

Chesapeake Energy (CHK.US) ranked fifth, holding about 12.68 million shares, with a market value of about US$1.13 billion, accounting for 4.55% of the portfolio, an increase of 0.09% over the previous quarter.

Judging from changes in position ratios, Blackstone's top five buyers in the first quarter were: SPDR S&P 500 ETF put options (SPY.US, PUT), Invesco 100ETF put options (QQQ.US, PUT), Targa Resources (TRGP.US), API Group (APG.US), and Williams (WMB.US).

In addition, in the first quarter, Blackstone also opened new positions in stocks such as Advance Insurance (PGR.US), Coca Cola (PEP.US), T-Mobile US (TMUS.US), CRM.US (CRM.US), and Philip 66 (PSX.US). Notably, in the first quarter, Blackstone also bought the “American Tiebar” Reddit (RDDT.US), which was listed on March 21.

The top five sales targets were: Cheniere Energy (LNG.US), Bumble (BMBL.US), Gates Industrial (GTES.US), Viper Energy (VNOM.US), and Pacific Coal and Electricity (PCG.US). It is worth noting that the companies sold by Blackstone Q1 are mostly giants in the oil and liquefied natural gas segment.