Who Owns Blackstone Inc.? Top Shareholders and Recent Insider Trades

Blackstone Inc. (NYSE: BX), founded by Stephen A. Schwarzman, is the world’s largest alternative asset manager and a dominant force in private equity, real estate, credit, and infrastructure. Shares recently traded near $154, giving the company a market value of roughly $120.6B. With the stock down about 20% over the past year, reviewing ownership trends and insider filings offers a clearer read on how major investors are thinking about Blackstone’s long term fee growth, fundraising cycle, and ability to compound value across global private markets.

Ownership data is particularly relevant for a firm like Blackstone, where performance depends on sustained fundraising momentum, asset appreciation, and long duration capital. Shifts among major institutions, hedge funds, and insiders can help indicate how investors are weighing the softer deal environment against Blackstone’s scale and recurring fee streams. For investors, understanding who owns the stock helps clarify whether confidence in Blackstone’s long term compounding ability is strengthening or turning more cautious.

Discover how much upside your favorite stocks could have using TIKR’s new Valuation Model (It’s free) >>>

Who Are Blackstone’s Top Shareholders?

• The Vanguard Group: 70,491,963 shares (9.55%), ~$10.86B value. Added 1,327,387 shares (+1.92%).
• BlackRock Institutional Trust: 34,640,975 shares (4.69%), ~$5.34B value. Added 372,225 shares (+1.09%).
• State Street Investment Management: 31,362,796 shares (4.25%), ~$4.83B value. Added 412,281 shares (+1.33%).
• Morgan Stanley Smith Barney: 26,361,664 shares (3.57%), ~$4.06B value. Added 387,699 shares (+1.49%).
• Geode Capital Management: 18,952,881 shares (2.57%), ~$2.92B value. Added 2,410,018 shares (+14.57%).
• JP Morgan Asset Management: 17,438,895 shares (2.36%), ~$2.69B value. Added 4,438,664 shares (+34.14%)
• Capital World Investors: 16,014,189 shares (2.17%), ~$2.47B value. Cut 4,623,643 shares (22.40%).
• BofA Global Research: 8,829,623 shares (1.20%), ~$1.36B value. Cut 61,890 shares (0.70%).
• Janus Henderson Investors: 8,232,864 shares (1.11%), ~$1.27B value. Added 1,788,875 shares (+27.76%).
• Edgewood Management: 7,865,500 shares (1.07%), ~$1.21B value. Cut 769,377 shares (8.91%).
• Norges Bank Investment Management: 7,162,376 shares (0.97%), ~$1.10B value. Added 1,510,779 shares (+26.73%).

Passive giants continue to provide long term stability, while notable additions from Geode, JP Morgan, Janus Henderson, and Norges Bank suggest that several active managers appear more constructive following the stock’s pullback. For investors this pattern appears to reflect steady but selective confidence in Blackstone’s long term earnings capacity.

Hedge Fund Highlights

Heard Capital LLC, led by William Heard, lifted its Blackstone position by 87.19%, now holding roughly 2.17M shares valued around $370.9M. The increase suggests the firm may see an attractive setup as Blackstone continues scaling fee related earnings.

Balyasny Asset Management, run by Dmitry Balyasny, boosted its stake by 638.5%, adding over 380k shares to reach a position worth about $75.2M. The move indicates rising interest in Blackstone’s ability to navigate today’s slower deployment backdrop.

Jefferies Financial Group, overseen by Richard Handler, expanded its holdings by 2177.76%, now owning roughly 223.9k shares valued near $38.25M. A shift this large may point to increasing optimism in Blackstone’s long duration capital model.

Bridgewater Associates, founded by Ray Dalio, grew its Blackstone stake by 1380.26% to about 36.5k shares worth around $6.24M. Although modest in size, the sharp increase suggests a more favorable view of Blackstone’s diversified private markets exposure.

Across these funds, the tilt toward accumulation appears supportive of sentiment, and for investors this reinforces the long term appeal of Blackstone’s fee driven model and earnings potential as conditions normalize.

Track the top shareholders of over 50,000 global stocks (It’s free) >>>

Blackstone’s Recent Insider Trades

Insider filings show a series of small transactions and administrative entries. Nothing appears large enough to meaningfully shift insider ownership.

• William Gregory Parrett: Recorded 2,244 shares at $0 on 11/11/25.
• Ruth M. Porat: Sold 78 shares at $143.40, 207 shares at $148.92, and 117 shares at $143.40 on 11/9/25.
• William Gregory Parrett: Recorded 1,529 shares at $0 on 11/8/25.
• James W. Breyer: Sold 10,200 shares at $144.21 and 3,700 shares at $142.89 on 11/3/25, plus 13,170 shares at $151.23 on 10/28/25.
• Joseph P. Baratta: Sold 3,798 shares at $176.40 and 109,202 shares at $175.67 on 9/24/25, and 60,000 shares on 9/2/25.
• Reginald J. Brown: Recorded 1,150 shares at $0 on 9/14/25.
• John G. Finley: Sold 10,000 shares at $0 on 9/8/25 and 21,500 shares at $171.46 on 9/7/25.
• Michaels S. Chae: Sold 29,410 shares at $0 on 9/2/25.

These trades appear modest relative to Blackstone’s size, and several zero dollar entries look administrative, though that is not confirmed. For investors, the absence of meaningful insider buying or selling aligns with the stable positioning reflected among institutional holders.

See recent insider trade data for over 50,000 global stocks (It’s free) >>>

What the Ownership & Insider Trade Data Tell Us

Blackstone’s ownership structure remains anchored by large passive holders, supported by notable hedge fund accumulation and modest insider activity. This combination appears to reflect ongoing confidence in Blackstone’s ability to expand fee related earnings, grow assets under management, and compound value over time despite the near term slowdown in fundraising and deal activity.

For investors, the shareholder mix points to a company still viewed as a durable long term compounder, with expectations that performance fees and deployment activity can strengthen as market conditions improve.

Value Any Stock in Under 60 Seconds (It’s Free)

With TIKR’s new Valuation Model tool, you can estimate a stock’s potential share price in under a minute.

All it takes is three simple inputs:

1. Revenue Growth
2.  Operating Margins
3.  Exit P/E Multiple

From there, TIKR calculates the potential share price and total returns under Bull, Base, and Bear scenarios so you can quickly see whether a stock looks undervalued or overvalued.

If you’re not sure what to enter, TIKR automatically fills in each input using analysts’ consensus estimates, giving you a quick, reliable starting point.

See a stock’s true value in under 60 seconds (Free with TIKR) >>>