Trexquant Investment 13F: Adds $23M to Blackstone (BX) Stake
The quantitative investment firm more than tripled its stake in the asset management giant during the first quarter.
Reviewed by automated data checks against the source filing. How we make and check alerts
Trexquant Investment added 197,823 shares to its stake in Blackstone Inc. ($BX), a 233.15% increase, according to a 13F filing with the SEC dated May 15, 2026. It reported 282,672 shares worth $33.26 million at the end of the quarter.
Since the filing, $BX is up 0.5% after 1 week, up 5.7% after 1 month and down 8.7% to date (from the $116.70 close on May 15, 2026).
Find the original: Trexquant Investment 13F filings on SEC EDGAR
BX
Blackstone Inc.
Key Points
- Trexquant Investment boosted its stake in Blackstone Inc. by 233.1% during the first quarter, adding 197,823 shares to end the period with 282,672 shares.
- Blackstone stock traded at $117.67 on Saturday, positioned between its 52-week low of $101.73 and its 52-week high of $165.32.
- Wall Street sentiment on Blackstone remains generally positive, with analysts carrying a average price target of $140.77.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Blackstone Inc. alert may contain errors. Disclosures
Trexquant Investment significantly expanded its holdings in Blackstone Inc. (NYSE: BX), according to the firm's latest Form 13F filing with the SEC. The quantitative investor increased its ownership by 233.1% during the first quarter. This transaction added 197,823 shares to the fund's portfolio, bringing its total to 282,672 shares.
Trexquant's Growing Conviction in Blackstone
Before the transaction, Trexquant Investment held 84,849 shares of the alternative asset manager. The newly expanded position of 282,672 shares is valued at $33.26 million based on the filing period's pricing. The move represents a major scaling-up of Trexquant's commitment to Blackstone, contrasting with some of its other recent portfolio adjustments, such as trimming its position in AbbVie and establishing new holdings in Canadian National Railway and Church & Dwight.
Blackstone Stock Performance
On Saturday, Blackstone stock closed at $117.67. The investment manager has traded in a 52-week range of $101.73 to $165.32. The stock's current price sits below its 50-day moving average of $128.73 and its 200-day moving average of $126.48. Blackstone has a price-to-earnings ratio of 24.4 and a forward P/E ratio of 14.7.
Recent Earnings and Financial Health
Blackstone last reported quarterly revenue of $15.48 billion, which represents year-over-year growth of 28.6%. The firm maintained a net margin of 22.7% and achieved a return on equity of 31.4% during the period. Investors are looking forward to the company's next earnings report, which is scheduled for October 22, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
4 target cuts vs 3 raises.
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EPS & revenue
EPS missed estimates by 1.9%. Revenue beat estimates by 17.2%.
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Profit surprise
EBITDA missed by 33 percent. Operating income missed by 29 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 target raises, 4 target cuts.
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Earnings quality
Gross margin up 2.5 points. Operating margin down 10.5 points.
Earnings Call Summary
Blackstone reported outstanding results with $4.1 billion in revenue beating consensus by $600 million and distributable earnings of $1.36 per share versus $1.35 expected. Assets grew 12 percent year over year to $1.3 trillion, driven by $69 billion in quarterly inflows and strong investment performance across infrastructure and credit. The firm emphasized its AI infrastructure dominance with over $150 billion deployed and plans to take public a new data center company focused on newly constructed facilities. Despite geopolitical turbulence and criticism of private credit, management highlighted institutional and insurance demand remains strong, with credit platform growing 15 percent year over year to $536 billion.
Guidance Management provided no forward guidance. They noted market volatility from the Iran conflict will likely push out exit activity near term but expect robust activity in the second half if conflict resolves. The firm reiterated confidence in its capital-light model and ability to deploy $74 billion of dry powder in credit.
Negative report. Results or guidance disappointed and expectations are likely to move lower.
High-Yielding Dividend Profile
Blackstone continues to return capital to its shareholders, offering an annual dividend yield of 4.79%. The company has a dividend payout ratio of 1.11, indicating it is currently returning more than its net income to shareholders through dividends, a common occurrence for asset managers that distribute realized investment gains.
Wall Street Analyst Ratings
Analysts have recently adjusted their expectations for Blackstone. On October 13, 2026, UBS maintained a Neutral rating on the stock, adjusting its price target down to $116.00 from $122.00. TD Cowen kept a Buy rating on October 12, 2026, but lowered its target to $144.00 from $154.00. Earlier, on October 8, 2026, Barclays maintained an Equal-Weight rating with a $124.00 price target, down from $128.00. Wells Fargo initiated coverage on October 2, 2026, with an Equal-Weight rating and a $122.00 price target. Meanwhile, Oppenheimer raised its price target to $171.00 on August 27, 2026, maintaining an Outperform rating. Currently, 22 analysts track the stock, resulting in a consensus buy recommendation and a mean price target of $140.77.
About Blackstone
Blackstone is a global alternative asset management firm headquartered in New York. The firm manages capital across a wide range of investment strategies, including private equity, real estate, hedge fund solutions, and credit. This diversified business model allows Blackstone to capture fees and investment gains across different economic cycles, making it a key holdings option for quantitative institutional investors like Trexquant.
What's Ahead for Blackstone Inc.
Investors will watch Blackstone's upcoming earnings release on October 22, 2026, for signs of how asset inflows and realization activity are trending. It is worth noting that Form 13F filings are backward-looking and show holdings as of the end of the first quarter, meaning Trexquant's actual portfolio could have changed since the reporting period ended.
Related Filing Alerts
Source: Trexquant Investment's 13F filing on $BX (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Trexquant Investment 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts