What is the 13F Pro Quality Score for BX?

13F Pro ranks Blackstone Inc. (BX) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View BX's current score at https://13fpro.ai/research/BX (free sign-up required for the full ranking).

Which hedge funds own the most BX stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of BX include BlackRock,, VANGUARD CAPITAL MANAGEMENT, MORGAN STANLEY. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/BX as soon as new 13F filings post.

Where does 13F Pro source BX data?

All Blackstone Inc. fundamentals and ownership data come directly from SEC EDGAR. Blackstone Inc. files with the SEC under CIK 1393818. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is BX in?

Blackstone Inc. (BX) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives BX's revenue?

Per Blackstone Inc.'s latest 10-Q filed with the SEC on 2026-05-08, the biggest revenue drivers are: Management and Advisory Fees, Net ($2,149M, +13% YoY); Realized Performance Allocations ($1,103M, +96% YoY); Fee Related Performance Revenues ($488M, +66% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/BX.

What are BX's largest expenses?

Blackstone Inc.'s latest 10-Q reports these as the largest expense items: Total Compensation and Benefits ($1,744M, +22% YoY); General, Administrative and Other ($373M, +12% YoY); Interest Expense ($137M, +16% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is BX research updated on 13F Pro?

BX's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Blackstone Inc.(BX)Stock Analysis

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13F Pro Quality Score

68.0/100

Rank #433 of 2,879 stocksTOP 25%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

38.9/100

Profitability

82.9/100

Balance Sheet

72.8/100

Earnings Quality

42.5/100

Free Cash Flow

87.3/100

Institutional Flow

65.5/100

Revenue Scale

89.5/100

Dilution Risk

16.9/100

BX Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Blackstone Inc. (BX), a Financials sector company. 13F Pro's AI-powered ranking engine scores BX at 68.0/100 on a 32-signal composite quality model, placing it at rank #433 of 2,879 stocks — the top 25% of the AI-ranked universe. BX scores in the top quartile across revenue scale (89.5), free cash flow (87.3), profitability (82.9). Areas of concern include revenue growth (38.9), which score below median versus the broader universe. Shareholder dilution risk is elevated at 16.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Blackstone Inc. reports quarterly revenue of $3.6B, net income of $649.7M, an operating margin of 40.2%. Top institutional holders of BX by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, MORGAN STANLEY, based on the most recent SEC filings. BX trades on the NYSE exchange and files with the SEC under CIK 1393818. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Blackstone Inc. directly from SEC EDGAR. Blackstone Inc.'s 13F Pro composite quality score has ranged between 8 and 88 since 2021, currently 68.0 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

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Fun facts about Blackstone Inc.

Quirks, history, and lore behind BX — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. alternative asset management firm · mega-cap · listed on the NYSE · headquartered in New York City.
2
The Numbers
It manages over $1 trillion in assets — making it one of the largest alternative investment firms on earth — spanning real estate, private equity, credit, and infrastructure.
3
The History
Founded in 1985 by two former Lehman Brothers bankers with a $400,000 startup check, it went public in 2007 just before the financial crisis — awkward timing, legendary recovery.
4
The Secret
Its co-founder is famous for throwing lavish birthday parties — including a reported $3 million bash — and for once comparing a proposed tax hike to Hitler invading Poland. Subtle guy.
5
The Lore
It owns so much real estate globally — hotels, warehouses, office towers — that it's been called a shadow landlord to the world; it even owned the Hilton Hotels chain for a stretch.
6
The Giveaway
The firm whose ticker is two letters and whose co-founder Stephen Schwarzman donated $350 million to MIT — this private equity and real estate giant has its name on buildings and business schools alike.

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What's Driving BX's Business? Latest 10-Q Breakdown

✓ 45/45 datapoints verified

AI-extracted from Blackstone Inc.'s 10-Q filed 2026-05-08 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Blackstone reported Q1 2026 net income of $1.3B (+4% YoY) on revenues of $3.6B (+10% YoY), driven by $244M growth in management fees and $499M surge in realized investment income from strong deal realizations.

Biggest Revenue Drivers

Total revenue: $3.6B+10% YoY

Management and Advisory Fees, Net$2,149M+13% YoY

Increase primarily in Private Equity segment from higher transaction/advisory fees in BXCM and base management fee growth in BXPE, BIP, BXINFRA.

Realized Performance Allocations$1,103M+96% YoY

Higher realized gains in Private Equity from Corporate Private Equity, Tactical Opportunities, BXLS realizations and BXPE/BXINFRA performance.

Fee Related Performance Revenues$488M+66% YoY

Primarily higher Fee Related Performance Revenues in BREIT.

Unrealized Performance Allocations$283M+8% YoY

Partial offset by $530M decrease in Credit & Insurance from lower unrealized appreciation of Corebridge common stock.

Other Revenue$51Mvs. $(74)M prior year

$50.6M in foreign exchange gains compared to $(73.8)M losses in prior year.

Largest Expense Items

Total Compensation and Benefits$1,744M+22% YoY

Driven by $178M increase in Realized Performance Allocations Compensation due to higher performance allocations and $137M increase in base Compensation.

General, Administrative and Other$373M+12% YoY

Operating expenses increased due to general business growth.

Interest Expense$137M+16% YoY

Higher from increased outstanding borrowings; $700M drawn on Revolving Credit Facility in May 2026.

Fund Expenses$8M-34% YoY

Consolidated fund expenses decreased from prior year.

Margins: Effective tax rate improved to 13.5% from 16.8% YoY, primarily due to non-controlling interests in consolidated entities and lower state tax provisions. Operating margins benefited from strong revenue growth, partially offset by higher compensation tied to realized performance allocations.

Watch Items from the Filing

Realized principal investment income declined $42.5M (-23% YoY) to $143M; unrealized investment losses of $(385)M vs. $159M gains prior year, driven by $530M negative impact from Corebridge common stock depreciation.
Real Estate segment experienced flat performance with $951M market depreciation, $7.0B in realizations, and headwinds from Middle East conflict and foreign exchange; BREP includes foreign exchange impact of $(1.3)B on Total AUM.
Total AUM grew $29.1B (+2% QoQ) to $1,304B; Fee-Earning AUM grew $15.9B (+2% QoQ) to $937.6B with strong inflows of $68.5B offset by $35.9B realizations, indicating active portfolio realization cycle.
Kentucky lawsuit settlement initially approved by parties for $82.5M in January 2025 terminated in May 2025 after court decline to enter approval order; Blackstone has accrued estimated liability and discussions ongoing.
Revolving credit facility balance increased to $900M at March 31, 2026, with additional $700M drawn in May 2026; total Loans Payable at $13.3B with near-term maturities of $693M in 2026 and $900M in 2027.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$3.6B

Net Income

Q1 2026

$649.7M

Free Cash Flow

Q1 2026

$957.6M

Operating Margin

Q1 2026

40.2%

D/E Ratio

Q1 2026

1.60

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+55.3% YoY

$13.23BFY 2024

FY20 $6.10BFY21 $22.58BFY22 $8.52BFY24 $13.23B

Net Income

+58.9% YoY

$2.78BFY 2024

FY20 $1.05BFY21 $5.86BFY22 $1.75BFY24 $2.78B

EPS (Diluted)

+53.4% YoY

$3.62FY 2024

FY20 $1.50FY21 $8.13FY22 $2.36FY24 $3.62

Total Assets

+2.2% YoY

$43.47BFY 2024

FY20 $26.27BFY21 $41.20BFY22 $42.52BFY24 $43.47B

Total Debt

-8.3% YoY

$11.46BFY 2024

FY20 $5.73BFY21 $7.86BFY22 $12.49BFY24 $11.46B

Op. Cash Flow

-45.1% YoY

$3.48BFY 2024

FY20 $1.94BFY21 $3.99BFY22 $6.34BFY24 $3.48B

Metric	FY 2024	FY 2022	FY 2021	FY 2020	FY 2018	FY 2017
Revenue	$13.23B +55.3%	$8.52B -62.3%	$22.58B +270.0%	$6.10B -10.7%	$6.83B -4.4%	$7.15B
Net Income	$2.78B +58.9%	$1.75B -70.2%	$5.86B +460.3%	$1.05B -32.2%	$1.54B +4.8%	$1.47B
EPS (Diluted)	$3.62 +53.4%	$2.36 -71.0%	$8.13 +442.0%	$1.50 -33.6%	$2.26 +2.3%	$2.21
Total Assets	$43.47B +2.2%	$42.52B +3.2%	$41.20B +56.8%	$26.27B -9.2%	$28.92B -16.0%	$34.42B
Total Debt	$11.46B -8.3%	$12.49B +59.0%	$7.86B +37.0%	$5.73B -44.9%	$10.40B -31.5%	$15.17B
Operating Cash Flow	$3.48B -45.1%	$6.34B +59.0%	$3.99B +105.9%	$1.94B +4132.3%	$45.7M +102.8%	$-1.63B

AI Insight: BX Financial Trends

Blackstone's quarterly revenue is volatile (Q2 2024: $6.5B versus Q1 2026: $3.6B) and debt has risen 24% to $13.4B while equity gains remain modest.

• Revenue declined 44% from Q2 2024 ($6.5B) to Q1 2026 ($3.6B); quarterly swings range $3.1B–$6.5B, signaling lumpy earnings.

• Total debt increased from $10.8B (Q2 2024) to $13.4B (Q1 2026), a 24% rise, while equity grew only 22% to $8.4B.

• Operating cash flow remains volatile ($161M–$1.6B), with Q3 2025 peak of $1.6B followed by Q1 2026 decline to $991M.

⚠ Debt-to-equity ratio deteriorated to 1.60x (Q1 2026) from 1.58x (Q2 2024) despite equity recovery; leverage trending higher.

⚠ Net income volatility persists ($615M–$1.3B); Q1 2026 net income ($650M) near cycle lows despite revenue recovery to $3.6B.

AI Insight: BX Ratio Trends

Q1 2026 shows sharp margin and return compression across all metrics after strong Q4 2025, raising questions about sustainability.

• Operating margin collapsed to 40.2% in Q1 2026 from 54.0% in Q4 2025; NPM fell to 18.0% from 23.3%.

• ROIC dropped 17.7pp quarter-over-quarter to 26.7%, lowest since Q1 2025; ROE declined to 31.1% from 46.9%.

• Leverage ticked up to 1.60 D/E in Q1 2026 from 1.45 in Q4 2025, reversing recent deleveraging trend.

⚠ Margin volatility is extreme: OpMargin ranged 40–54% over past five quarters; Q1 swoon may signal seasonal trough or operational headwinds.

⚠ ROA has stayed depressed (5.4–6.7%) since Q1 2025, well below Q2 2024's 12.7%, suggesting persistent asset efficiency pressure.

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Available Research

13F Pro tracks comprehensive data for Blackstone Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of BX

BlackRock, Inc.
$6.1B52,702,690 sh
VANGUARD CAPITAL MANAGEMENT LLC
$5.6B48,309,794 sh
MORGAN STANLEY
$3.7B32,494,438 sh
STATE STREET CORP
$3.7B32,027,701 sh
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
$2.5B21,359,609 sh
GEODE CAPITAL MANAGEMENT, LLC
$2.1B18,317,778 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$1.8B16,037,998 sh
Capital Research Global Investors
$1.7B14,740,886 sh
BANK OF AMERICA CORP /DE/
$1.3B11,538,067 sh
GOLDMAN SACHS GROUP INC
$864.0M7,513,400 sh

Fund	Value	Shares
BlackRock, Inc.	$6.1B	52,702,690
VANGUARD CAPITAL MANAGEMENT LLC	$5.6B	48,309,794
MORGAN STANLEY	$3.7B	32,494,438
STATE STREET CORP	$3.7B	32,027,701
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$2.5B	21,359,609
GEODE CAPITAL MANAGEMENT, LLC	$2.1B	18,317,778
VANGUARD PORTFOLIO MANAGEMENT LLC	$1.8B	16,037,998
Capital Research Global Investors	$1.7B	14,740,886
BANK OF AMERICA CORP /DE/	$1.3B	11,538,067
GOLDMAN SACHS GROUP INC	$864.0M	7,513,400

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Is BX a good stock to buy?

13F Pro's AI-powered analysis of Blackstone Inc. (BX) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for BX are available on the BX stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own BX?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling BX. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Blackstone Inc.'s investment landscape.