Blackstone

Stephen Schwarzman

Period

Q1 2026

Portfolio Date

Mar 31, 2026

Stocks Held

413

Market Value

$24.2B

Holdings Value Trend

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Top 5 Holdings

$CQP

Cheniere Energy Partners, L.P.

25.8%

% of Portfolio

$CRBG

Corebridge Financial, Inc.

5.8%

% of Portfolio

$FE

FirstEnergy Corp.

5.7%

% of Portfolio

$LGN

Legence Corp.

5.6%

% of Portfolio

Decreased 1.86%

$WMB

The Williams Companies, Inc.

4.8%

% of Portfolio

Decreased 3.25%

Historical Positions

Symbol	Q1 2026	Q4 2025	Q3 2025	Q2 2025
CQP	25.8%	21.6%	22.2%	24.5%
CRBG	5.8%	7.4%	8.0%	9.4%
FE	5.7%	5.1%	5.3%	5.0%
LGN	5.6%	4.4%	3.6%	-
WMB	4.8%	4.2%	5.0%	5.2%
MPLX	3.4%	3.3%	2.8%	3.7%
TRGP	3.3%	2.7%	-	2.7%
EPD	3.1%	-	-	-
ENB	3.0%	2.8%	3.2%	2.8%
KMI	2.8%	-	-	-

Post-Filing Contributors

Price change since reported price, ranked by portfolio contribution

CRBG+32.19%

LGN+28.50%

TRGP+11.76%

MTZ+86.25%

LOAR+27.32%

Post-Filing Detractors

Price change since reported price, ranked by portfolio contribution

CQP-1.35%

LNG-7.46%

FE-4.48%

KMI-3.43%

BXMT-12.32%

Sector Analysis

Energy67.9%

Others1.9%

Utilities8.3%

Financials7.5%

Healthcare0.9%

Technology3.4%

Industrials7.0%

Real Estate1.6%

Trading Summary

$AMAT

0.3%

$AVB

0.3%

$AMD

0.2%

$NFG

0.2%

$GRAB

0.2%

$APC

0.2%

$TLN

0.1%

$FPS

0.1%

$ALXO

0.1%

$GLTO

0.1%

$DFTX

0.0%

$JLL

0.0%

$PGR

0.0%

$AS

0.0%

$BE

0.0%

$C

0.0%

$CGON

0.0%

$CON

0.0%

$FIS

0.0%

All Holdings

$CQP

25.8%

$CRBG

5.8%

$FE

5.7%

$LGN

5.6%

Decreased 1.86%

$WMB

4.8%

Decreased 3.25%

$MPLX

3.4%

Decreased 2.26%

$TRGP

3.3%

Decreased 10.93%

$EPD

3.1%

Increased 9.60%

$ENB

3.0%

Decreased 4.97%

$KMI

2.8%

Decreased 1.88%

$ET

2.4%

Increased 20.74%

$KNTK

2.3%

Increased 0.04%

$LNG

2.1%

Decreased 51.64%

$TXNM

1.8%

$PAA

1.6%

Increased 40.99%

$TRP

1.6%

Increased 184.87%

$DTM

1.4%

Increased 20.16%

$WES

1.4%

Decreased 21.07%

$OKE

1.2%

Decreased 3.09%

$HESM

1.2%

Increased 113.03%

$SUNC

0.7%

Increased 87.90%

$BXMT

0.7%

$AMZN

0.6%

Increased 40.89%

$ETF-IWM

0.6%

Increased 239.02%

$MSFT

0.5%

Increased 48.74%

$BMBL

0.4%

Decreased 20.00%

$CX

0.4%

Increased 16.17%

$CWAN

0.4%

$VNET

0.3%

$AMAT

0.3%

$SHO

0.3%

$PTEN

0.3%

Decreased 74.56%

$NVT

0.3%

Increased 5.74%

$BXSL

0.3%

$AVB

0.3%

$PSFE

0.3%

$ETF-INDA

0.3%

Increased 343.03%

$ETF-SPY

0.3%

Increased 7.61%

$TASK

0.3%

$AM

0.3%

Increased 0.51%

$SUN

0.2%

Decreased 63.26%

$AMD

0.2%

$NFG

0.2%

$GRAB

0.2%

$COF

0.2%

Increased 31.62%

$CCAP

0.2%

$V

0.2%

Decreased 17.37%

$PAGP

0.2%

Decreased 2.12%

$EQT

0.2%

Decreased 95.91%

$VRT

0.2%

Increased 40.74%