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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2010
Check here if Amendment [_]; Amendment Number:
--------------------
This Amendment (Check only one.): [_] is a restatement.
[_] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: The Blackstone Group L.P.
Address: 345 Park Avenue
New York, NY 10154
Form 13F File Number: 28-13114
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: John G. Finley
Title: Authorized Person
Phone: (212) 583-5000
Signature, Place, and Date of Signing:
/s/ John G. Finley New York, NY February 14, 2011
---------------------------- ------------------ -------------------
[Signature] [City, State] [Date]
Report Type (Check only one):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[_] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
[_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 32
Form 13F Information Table Value Total: $5,026,802
-----------
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
Number Form 13F File Number Name
------ -------------------- ----
1 28-13113 Blackstone Capital Partners V L.P.
2 28-12332 GSO Capital Partners LP
Explanatory Notes:
(1) The Blackstone Group L.P. is managed and operated by its general partner,
Blackstone Group Management L.L.C., which is in turn wholly-owned by
Blackstone's senior managing directors and controlled by Mr. Stephen A.
Schwarzman, one of its founders.
FORM 13F INFORMATION TABLE
THE BLACKSTONE GROUP L.P.
FOR THE QUARTER ENDED DECEMBER 31, 2010
Title of Value SH/ Put/ Inv. Other Voting
Name of Issuer Class CUSIP (1000s) Shares PRN Call Discretion Managers Authority
-------------- -------------- ----------- -------- ---------- --- ---- ---------- -------- ----------
ALLIANCE DATA SYSTEMS CORP. COM 18581108 $ 80,612 1,134,907 SH SOLE 1 1,134,907
BEAZER HOMES USA INC....... COM 07556Q 10 5 $ 21,122 3,918,730 SH SOLE 2 3,918,730
BIOSCRIPS, INC............. COM 09069N 10 8 $ 1,654 316,327 SH SOLE 316,327
BOOZ ALLEN HAMILTON, INC... COM 099502 10 6 $ 4,989 256,750 SH SOLE 256,750
CHENIERE ENERGY INC........ COM 16411R 20 8 $ 47,673 9,631,007 SH SOLE 2 9,631,007
CHENIERE ENERGY INC........ COM 16411R 20 8 $ 579 116,929 SH SOLE 116,929
CHINA DIGITAL TV HLDG
CO LTD.................... SPON ADR 16938G 10 7 $ 613 86,497 SH SOLE 86,497
CHINA PETE & CHEM CORP..... SPON ADR H SHS 16941R108 $ 475 4,964 SH SOLE 4,964
CROSSTEX ENERGY LP......... COM 22765U 10 2 $ 14,440 1,002,800 SH SOLE 2 1,002,800
DR REDDYS LABS LTD......... ADR 256135203 $ 2,742 74,200 SH SOLE 74,200
GENERAL GROWTH
PROPERTIES, INC........... COM 370023 103 $744,458 48,091,603 SH SOLE 48,091,603
GENERAL GROWTH
PROPERTIES, INC........... Warrants 370023 103 $ 34,300 5,000,000 SH SOLE 5,000,000
GENERAL MOTORS............. COM 37045V 10 0 $ 25,802 700,000 SH SOLE 2 700,000
GRAHAM PACKAGING
HOLDINGS COMPANY.......... COM 384701 10 8 $525,453 40,295,506 SH SOLE (b) 40,295,506
HOVNANIAN ENTERPRISES...... COM 442487 20 3 $ 4,497 1,099,564 SH SOLE 2 1,099,564
HSBC HLDGS PLC............. SPON ADR NEW 404280406 $ 499 9,775 SH SOLE 9,775
ICICI BK LTD............... ADR 45104G104 $ 197 3,900 SH SOLE 3,900
LORAL SPACE &
COMMUNICATNS I............ COM 543881 10 6 $ 41,572 543,427 SH SOLE 2 543,427
ORBITZ WORLDWIDE INC....... COM 68557K109 $307,710 55,046,598 SH SOLE 1 (a) 55,046,598
REPUBLIC SVCS INC.......... COM 760759100 $644,252 21,575,770 SH SOLE (b) 21,575,770
SOHU COM INC............... COM 83408W103 $ 749 11,805 SH SOLE 11,805
Title of Value SH/ Put/ Inv. Other Voting
Name of Issuer Class CUSIP (1000s) Shares PRN Call Discretion Managers Authority
-------------- -------- ----------- ---------- ------------- --- ---- ---------- -------- ----------
SPDR S&P ETF TR........... COM 78462F 10 3 $ 1,886 15,000 SH SOLE 2 15,000
SPY US 01/22/11 PUT 123... COM 78462F 10 3 $ 125,750 1,000,000 SH Put SOLE 2 1,000,000
SPY US 02/19/11 PUT 115... COM 78462F 10 3 $ 503,000 4,000,000 SH Put SOLE 2 4,000,000
SPY US 02/19/11 PUT 122... COM 78462F 10 3 $ 125,750 1,000,000 SH Put SOLE 2 1,000,000
STANDARD PAC CORP NEW..... COM 85375C 10 1 $ 17,383 3,778,834 SH SOLE 2 3,778,834
TATA MTRS LTD............. SPON ADR 876568 50 2 $ 5,632 191,950 SH SOLE 191,950
TEAM HEALTH HOLDINGS, INC. COM 87817A 10 $ 688,213 44,286,562.51 SH SOLE 44,286,563
THE HOWARD HUGHES
CORPORATION.............. COM 44267D 107 $ 21,810 400,764 SH SOLE 400,764
THE HOWARD HUGHES
CORPORATION.............. Warrants 44267D 107 $ 5,613 333,333 SH SOLE 333,333
TRW AUTOMOTIVE HLDGS CORP. COM 87264S106 $1,027,040 19,488,416 SH SOLE 19,488,416
UNISYS CORP............... COM 909214 30 6 $ 333 12,858 SH SOLE 12,858
(a)The Orbitz Worldwide, Inc. shares reported herein are not under the
investment discretion of The Blackstone Group L.P. but are under the
investment discretion of Blackstone LR Associates (Cayman) V Ltd., of which
Mr. Stephen A. Schwarzman is a controlling person.
(b)The shares reported herein are not under the investment discretion of The
Blackstone Group L.P. but are under the investment discretion of Mr. Stephen
A. Schwarzman.