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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: March 31, 2011
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 May 16, 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: 46
Form 13F Information Table Value Total: $5,630,729
-----------
(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 MARCH 31, 2011
Title of Value SH/ Put/ Inv. Other Voting
Name of Issuer Class CUSIP (1000s) Shares PRN Call Discretion Managers Authority
-------------- -------------- ----------- -------- ---------- ----- ---- ---------- -------- ----------
BANKUNITED, INC.................. COM 665216 10 3 $393,934 13,721,131 SH SOLE 13,721,131
BEAZER HOMES USA INC............. COM 07556Q 10 5 $ 17,233 3,770,811 SH SOLE 2 3,770,811
BEAZER HOMES USA INC............. COM 07556Q 10 5 $ 35 7,610 SH Call SOLE 2 7,610
BIOSCRIP, INC.................... COM 09069N 10 8 $ 1,477 316,327 SH SOLE 316,327
BOOZ ALLEN HAMILTON, INC......... COM 099502 10 6 $ 4,624 256,750 SH SOLE 256,750
CAMECO CORP...................... COM 13321L 10 8 $ 9,012 300,000 SH SOLE 2 300,000
CENTRAL EUROPEAN DISTRIBUTION
CORP............................ COM 153435 10 2 $ 511 45,000 SH SOLE 2 45,000
CENTRAL EUROPEAN DISTRIBUTION
CORP............................ COM 153435 10 2 $ 227 20,000 SH Put SOLE 2 20,000
CHENIERE ENERGY INC.............. COM 16411R 20 8 $ 89,665 9,631,007 SH SOLE 2 9,631,007
CHENIERE ENERGY INC.............. COM 16411R 20 8 $ 1,089 116,929 SH SOLE 116,929
CHINA DIGITAL TV HLDG CO LTD..... SPON ADR 16938G 10 7 $ 619 86,697 SH SOLE 86,697
COGNIZANT TECHNOLOGY SOLUTION.... CL A 192446 10 2 $ 773 9,500 SH SOLE 9,500
CROSSTEX ENERGY LP............... COM 22765U 10 2 $ 16,967 1,002,800 SH SOLE 2 1,002,800
CUMULUS MEDIA INC................ CL A 231082 10 8 $ 14,388 3,315,238 SH SOLE 3,315,238
DELTA AIR LINES INC.............. COM 247361 70 2 $ 66 6,776 SH SOLE 2 6,776
DOLLAR THRIFTY AUTOMOTIVE GP..... COM 256743 10 5 $ 26,692 400,000 SH SOLE 2 400,000
DOLLAR THRIFTY AUTOMOTIVE GP..... COM 256743 10 5 $ 267 4,000 SH Call SOLE 2 4,000
DOLLAR THRIFTY AUTOMOTIVE GP..... COM 256743 10 5 $ 152 2,273 SH Call SOLE 2 2,273
DR REDDYS LABS LTD............... ADR 256135 20 3 $ 2,768 74,200 SH SOLE 74,200
DYNEGY HOLDINGS INC.............. COM 26817G 30 0 $ 7,966 1,400,000 SH SOLE 2 1,400,000
EASTMAN KODAK COMPANY............ COM 277461 10 9 $ 5,653 1,750,000 SH SOLE 2 1,750,000
GENERAL GROWTH PROPERTIES, INC... COM 370023 103 $764,005 49,354,326 SH (a) SOLE 49,354,326
GENERAL MOTORS................... COM 37045V 10 0 $ 18,618 600,000 SH SOLE 2 600,000
GRAHAM PACKAGING HOLDINGS COMPANY COM 384701 10 8 $702,351 40,295,506 SH (b) SOLE 40,295,506
HDFC BANK LTD.................... ADR REPS 3 SHS 40415F 10 1 $ 1,716 10,100 SH SOLE 10,100
HOVNANIAN ENTERPRISES............ COM 442487 20 3 $ 5,297 1,500,664 SH SOLE 2 1,500,664
Title of Value SH/ Put/ Inv. Other Voting
Name of Issuer Class CUSIP (1000s) Shares PRN Call Discretion Managers Authority
-------------- ------------ ----------- ---------- ------------ ----- ---- ---------- -------- ----------
HSBC HLDGS PLC................ SPON ADR NEW 404280 40 6 $ 436 8,425 SH SOLE 8,425
ICICI BK LTD.................. ADR 45104G 10 4 $ 194 3,900 SH SOLE 3,900
ISHARES TR.................... MSCI EAFE
INDEX 464287 46 5 $ 1,202 20,000 SH Put SOLE 2 20,000
ISTAR FINANCIAL............... COM 45031U 10 1 $ 6,450 702,593 SH SOLE 2 702,593
LORAL SPACE & COMMUNICATNS I.. COM 543881 10 6 $ 36,145 466,085 SH SOLE 2 466,085
LYONDELLBASELL INDUSTRIES..... COM N53745 10 0 $ 21,223 536,600 SH SOLE 2 536,600
NIELSEN HOLDINGS N.V.......... COM N63218 10 6 $1,504,654 55,095,361 SH SOLE 55,095,361
ORBITZ WORLDWIDE INC.......... COM 68557K 10 9 $ 196,516 55,046,598 SH (c) SOLE 1 55,046,598
SANDRIDGE ENERGY INC.......... COM 80007P 30 7 $ 215 16,794 SH SOLE 2 16,794
SEMGROUP CORP................. COM 81663A 10 5 $ 12,095 429,500.00 SH SOLE 2 429,500
SOHU COM INC.................. COM 83408W 10 3 $ 528 5,905 SH SOLE 5,905
SPDR S&P 500 ETF TR........... TR UNIT 78462F 10 3 $ 1,326 10,000.00 SH Call SOLE 2 10,000
SPDR S&P 500 ETF TR........... TR UNIT 78462F 10 3 $ 1,326 10,000.00 SH Put SOLE 2 10,000
SPDR S&P 500 ETF TR........... TR UNIT 78462F 10 3 $ 796 6,000.00 SH Put SOLE 2 6,000
SPDR S&P 500 ETF TR........... TR UNIT 78462F 10 3 $ 2,121 16,000.00 SH Call SOLE 2 16,000
SPDR S&P 500 ETF TR........... TR UNIT 78462F 10 3 $ 6,630 50,000.00 SH Put SOLE 2 50,000
SPRINT NEXTEL CORP............ COM 852061 10 0 $ 4,640 1,000,000.00 SH SOLE 2 1,000,000
STANDARD PAC CORP NEW......... COM 85375C 10 1 $ 11,233 3,011,484 SH SOLE 2 3,011,484
TEAM HEALTH HOLDINGS, INC..... COM 87817A 10 7 $ 635,163 36,336,563 SH SOLE 36,336,563
THE HOWARD HUGHES CORPORATION. COM 44267D 10 7 $ 28,310 400,764 SH (d) SOLE 400,764
TRW AUTOMOTIVE HLDGS CORP..... COM 87264S 10 6 $1,073,422 19,488,416 SH SOLE 19,488,416
(a) Includes 2,463,370 shares owned by Blackstone GGP Principal Transaction
Partners L.P., a co-investment entity.
(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.
(c) The 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.
(d) Includes 20,004 shares owned by Blackstone GGP Principal Transaction
Partners, L.P., a co-investment entity.