Vanguard Portfolio Management 13F: New $2B Stake in BX
Vanguard Portfolio Management acquires 16 million shares of Blackstone, worth over $2 billion.
Reviewed by automated data checks against the source filing. How we make and check alerts
Vanguard Portfolio Management opened a new position of 16,037,998 shares in Blackstone Inc. ($BX), according to a 13F filing with the SEC dated May 8, 2026. It reported 16,037,998 shares worth $1.99 billion at the end of the quarter.
Since the filing, $BX is down 4.8% after 1 week, down 7.7% after 1 month and down 13.0% to date (from the $122.52 close on May 8, 2026).
Find the original: Vanguard Portfolio Management 13F filings on SEC EDGAR
BX
Blackstone Inc.
Key Points
- Vanguard Portfolio Management acquired 16,037,998 shares of Blackstone Inc. (BX), valued at approximately $2.05 billion.
- Blackstone Inc. has a market cap of $156.3 billion and a P/E ratio of 32.79, with shares trading around $127.87.
- Insiders and analysts have been active, with multiple buys and price targets set, reflecting varied perspectives on Blackstone's outlook.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Blackstone Inc. alert may contain errors. Disclosures
Vanguard Portfolio Management has taken a new position in Blackstone Inc. (NYSE:BX), acquiring 16,037,998 shares. This stake is valued at approximately $2.05 billion, according to the firm's latest 13F filing with the SEC, reflecting its holdings as of the reporting period.
What Changed in Vanguard Portfolio Management's Blackstone Position
Vanguard Portfolio Management's acquisition of 16 million shares marks a new position in Blackstone, with no prior holdings reported. The shares were purchased at a cost basis of $123.66 each, establishing a significant stake in the asset management firm.
Other Institutional Activity in Blackstone
Other major funds have also been active in Blackstone. BlackRock, Inc. increased its holdings by 1,273,962 shares, bringing its total to 52,702,690 shares worth about $6.06 billion. Vanguard Capital Management LLC also took a new position with 48,309,794 shares valued at $5.56 billion. Meanwhile, Morgan Stanley reduced its stake by 367,727 shares, holding 32,494,438 shares valued at $3.74 billion. State Street Corp added 485,692 shares, totaling 32,027,701 shares worth $3.68 billion. Charles Schwab Investment Management Inc significantly increased its position by 17,007,658 shares, ending with 21,359,609 shares valued at $2.46 billion.
Blackstone Inc. Stock Up 16.6%
Shares of Blackstone Inc. (NYSE:BX) are trading near $127.87. The company has a market capitalization of $156.3 billion and a P/E ratio of 32.79, with a forward P/E of 16.97. Its beta is 1.585, indicating higher volatility compared to the market. Over the past 52 weeks, the stock has ranged from $101.73 to $190.09, with moving averages of $120.86 (50-day) and $139.78 (200-day). Blackstone's current ratio stands at 0.896, while its debt-to-equity ratio is 72.022.
Recent Earnings
In its recent earnings report, Blackstone posted revenue of $14.4 billion, reflecting a growth of 5.7%. The company achieved a net margin of 21.2% and a return on equity of 29.5%. Earnings per share were $3.90. The next earnings announcement is expected on July 23, 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.
Dividend
Blackstone pays an annual dividend of $4.97, yielding 3.89%. The dividend payout ratio is 121.54%.
Insider Buying and Selling at Blackstone Inc.
Insider activity at Blackstone Inc. includes several transactions. On May 11, 2026, Ruth Porat purchased 440 shares at an average price of $122.99. Vikrant Sawhney, the Chief Administrative Officer, sold 30,014 shares at $125.79 on May 1, 2026. Several insiders, including Porat and Joseph Baratta, made purchases on April 1, 2026, with Baratta acquiring 124,626 shares.
Analysts Set New Price Targets
Analysts have been active in setting price targets for Blackstone. On May 18, 2026, TD Cowen maintained a 'buy' rating with a $133 price target. Piper Sandler and JP Morgan both maintained 'hold' ratings with targets of $130 and $136, respectively, in late April. Oppenheimer and TD Cowen have higher targets, with Oppenheimer aiming for $156. The consensus recommendation is a 'buy', with an average target price of $143.45 among 20 analysts.
About Blackstone Inc.
Blackstone Inc. is a leading alternative asset management firm based in New York, NY. Founded in 1985, it specializes in private equity, venture capital, real estate, and hedge fund solutions. The firm operates globally, investing across various stages and sectors, including real estate, credit, and multi-asset class strategies. Blackstone has over 5,000 employees and is led by CEO Stephen Schwarzman.
Bottom Line
Vanguard Portfolio Management's new stake in Blackstone Inc. reflects growing institutional interest in the asset manager. With a significant market cap and diverse operations, Blackstone remains a key player in the financial services sector. The 13F filing provides a historical view of Vanguard's position as of the reporting date, and investors should consider subsequent developments and market conditions.
Related Filing Alerts
Source: Vanguard Portfolio Management's 13F filing on $BX (May 8, 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: Vanguard Portfolio Management 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts