# EDGAR Filing Document

**Accession Number:** 0001393818
**File Stem:** 0001193125-25-282864
**Filing Date:** 2025-11
**Character Count:** 31325
**Document Hash:** ca6e05e7b1de37358ef5409c6775a916
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-282864.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001193125-25-282864

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Blackstone Inc.
- **CENTRAL INDEX KEY:** 0001393818
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTMENT ADVICE [6282]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13114
- **FILM NUMBER:** 251485522

**BUSINESS ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10154
- **BUSINESS PHONE:** (212) 583-5000

**MAIL ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10154

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Blackstone Inc
- **DATE OF NAME CHANGE:** 20210806

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Blackstone Group Inc
- **DATE OF NAME CHANGE:** 20190628

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Blackstone Group L.P.
- **DATE OF NAME CHANGE:** 20070320

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** Blackstone Inc.<br>**Address:** 345 PARK AVENUE<br>NEW YORK, NY 10154

**Form 13F File Number:** 028-13114

**SEC File Number (if applicable):** 028-13114

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:** Victoria Portnoy<br>**Title:** Managing Director - Assistant Secretary<br>**Phone:** 212-583-5000

**Signature, Place, and Date of Signing:**

/s/ Victoria Portnoy  New York, NY  11-14-2025<br>[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 are reported 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:** 9

**Form 13F Information Table Entry Total:** 263

**Form 13F Information Table Value Total:** $24843445803

      (round to nearest dollar)

**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.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                                              | Form 13F File Number   |
|:---|:---|:---|
|  | Blackstone Alternative Credit Advisors LP         | 28-12332               |
|  | Blackstone Management Partners L.L.C.             | 28-17363               |
|  | Clarus Ventures LLC                               | 28-16028               |
|  | Blackstone Alternative Solutions L.L.C.           | 28-19316               |
|  | Blackstone Real Estate Advisors L.P.              | 28-20287               |
|  | Harvest Fund Advisors LLC                         | 28-13436               |
|  | Blackstone Tactical Opportunities Advisors L.L.C. | 28-20994               |
|  | Blackstone Infrastructure Advisors L.L.C.         | 28-20992               |
|  | Blackstone Alternative Asset Management L.P.      | 28-22637               |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 10X GENOMICS INC | CL A COM | 88025U109 |  | 192710 | 16485 | SH |  | OTR | 5 | 0 | 16485 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 1092147 | 8154 | SH |  | OTR | 9 | 0 | 8154 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 1283426 | 5543 | SH |  | OTR | 9 | 0 | 5543 | 0 |
| ACCELERANT HOLDINGS | CL A | G00894108 |  | 2978000 | 200000 | SH |  | OTR | 4 | 0 | 200000 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 361439 | 2234 | SH |  | OTR | 9 | 0 | 2234 | 0 |
| ALBEMARLE CORP | 7.25% DEP SHS A | 012653200 |  | 9470000 | 250000 | SH |  | OTR | 4 | 0 | 250000 | 0 |
| ALECTOR INC | COM | 014442107 |  | 76116 | 25715 | SH |  | OTR | 5 | 0 | 25715 | 0 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 1337586 | 249085 | SH |  | OTR | 9 | 0 | 249085 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 20256064 | 83324 | SH |  | OTR | 9 | 0 | 83324 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 1245231 | 18850 | SH |  | OTR | 9 | 0 | 18850 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 13427803 | 61155 | SH |  | OTR | 9 | 0 | 61155 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 76849500 | 350000 | SH |  | OTR | 4 | 0 | 350000 | 0 |
| AMBIQ MICRO INC | COMMON STOCK | 023193105 |  | 598400 | 20000 | SH |  | OTR | 4 | 0 | 20000 | 0 |
| AMENTUM HOLDINGS INC | COM | 023939101 |  | 1176089 | 49106 | SH |  | OTR | 9 | 0 | 49106 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 1191938 | 10595 | SH |  | OTR | 9 | 0 | 10595 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1241282 | 3737 | SH |  | OTR | 9 | 0 | 3737 | 0 |
| AMICUS THERAPEUTICS INC | COM | 03152W109 |  | 9720390 | 1233552 | SH |  | OTR | 3 | 0 | 1233552 | 0 |
| AMICUS THERAPEUTICS INC | COM | 03152W109 |  | 9720390 | 1233552 | SH |  | OTR | 1 | 0 | 1233552 | 0 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 |  | 55054760 | 2832035 | SH |  | OTR | 6 | 0 | 2832035 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 1293503 | 38543 | SH |  | OTR | 9 | 0 | 38543 | 0 |
| APOGEE THERAPEUTICS INC | COM | 03770N101 |  | 7562685 | 190352 | SH |  | OTR | 9 | 0 | 190352 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 1060563 | 7958 | SH |  | OTR | 9 | 0 | 7958 | 0 |
| APPLE HOSPITALITY REIT INC | COM NEW | 03784Y200 |  | 5367269 | 446900 | SH |  | OTR | 5 | 0 | 446900 | 0 |
| APPLE INC | COM | 037833100 |  | 2328337 | 9144 | SH |  | OTR | 9 | 0 | 9144 | 0 |
| ARCELORMITTAL SA LUXEMBOURG | NY REGISTRY SH | 03938L203 |  | 1058219 | 29273 | SH |  | OTR | 9 | 0 | 29273 | 0 |
| ARIS WATER SOLUTIONS INC | CLASS A COM | 04041L106 |  | 302973 | 12286 | SH |  | OTR | 6 | 0 | 12286 | 0 |
| ARRAY TECHNOLOGIES INC | COM SHS | 04271T100 |  | 14669185 | 1799900 | SH |  | OTR | 2 | 0 | 1799900 | 0 |
| ASSEMBLY BIOSCIENCES INC | COM NEW | 045396207 |  | 11463398 | 447789 | SH |  | OTR | 9 | 0 | 447789 | 0 |
| ATS CORPORATION | COM | 00217Y104 |  | 1296926 | 49501 | SH |  | OTR | 9 | 0 | 49501 | 0 |
| AUTOLUS THERAPEUTICS PLC | SPON ADS | 05280R100 |  | 33391546 | 20485611 | SH |  | OTR | 3 | 0 | 20485611 | 0 |
| AVANTOR INC | COM | 05352A100 |  | 1306157 | 104660 | SH |  | OTR | 1 | 0 | 104660 | 0 |
| AXSOME THERAPEUTICS INC | COM | 05464T104 |  | 6801200 | 56000 | SH |  | OTR | 3 | 0 | 56000 | 0 |
| AXSOME THERAPEUTICS INC | COM | 05464T104 |  | 10201800 | 84000 | SH |  | OTR | 1 | 0 | 84000 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 1502456 | 29123 | SH |  | OTR | 9 | 0 | 29123 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 47978700 | 930000 | SH |  | OTR | 4 | 0 | 930000 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 1330855 | 40612 | SH |  | OTR | 9 | 0 | 40612 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 1209493 | 6462 | SH |  | OTR | 9 | 0 | 6462 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 657081 | 1307 | SH |  | OTR | 9 | 0 | 1307 | 0 |
| BICARA THERAPEUTICS INC | COM | 055477103 |  | 19332265 | 1224336 | SH |  | OTR | 9 | 0 | 1224336 | 0 |
| BIT DIGITAL INC | SHS | G1144A105 |  | 2250000 | 750000 | SH |  | OTR | 4 | 0 | 750000 | 0 |
| BKV CORP | COM | 05603J108 |  | 357359 | 15450 | SH |  | OTR | 6 | 0 | 15450 | 0 |
| BLACKSTONE MTG TR INC | COM CL A | 09257W100 |  | 158353468 | 8601492 | SH |  | SOLE |  | 8601492 | 0 | 0 |
| BLACKSTONE SECD LENDING FD | COMMON STOCK | 09261X102 |  | 83594237 | 3206530 | SH |  | SOLE |  | 3206530 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 719435 | 7369 | SH |  | OTR | 9 | 0 | 7369 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 1336462 | 38783 | SH |  | OTR | 9 | 0 | 38783 | 0 |
| BRIDGEBIO PHARMA INC | COM | 10806X102 |  | 1057550 | 20361 | SH |  | OTR | 9 | 0 | 20361 | 0 |
| BRIDGER AEROSPACE GRP HLDGS | COM | 96812F102 |  | 17805529 | 9624610 | SH |  | OTR | 7 | 0 | 9624610 | 0 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 1240108 | 23363 | SH |  | OTR | 9 | 0 | 23363 | 0 |
| BULLISH | ORD SHS | G16910120 |  | 12722000 | 200000 | SH |  | OTR | 4 | 0 | 200000 | 0 |
| BUMBLE INC | COM CL A | 12047B105 |  | 81540308 | 13389213 | SH |  | OTR | 2 | 0 | 13389213 | 0 |
| BUMBLE INC | COM CL A | 12047B105 |  | 32927467 | 5406809 | SH |  | OTR | 7 | 0 | 5406809 | 0 |
| BUMBLE INC | COM CL A | 12047B105 |  | 12334461 | 2025363 | SH |  | OTR | 4 | 0 | 2025363 | 0 |
| C3 AI INC | CL A | 12468P104 |  | 819957 | 47287 | SH |  | OTR | 9 | 0 | 47287 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 1201043 | 14322 | SH |  | OTR | 9 | 0 | 14322 | 0 |
| CANTOR EQUITY PARTNERS II IN | CL A ORD SHS | G1827P106 |  | 5255000 | 500000 | SH |  | OTR | 4 | 0 | 500000 | 0 |
| CANTOR EQUITY PARTNERS IV IN | SHS CL A | G1828E100 |  | 2547500 | 250000 | SH |  | OTR | 4 | 0 | 250000 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 1989749 | 9360 | SH |  | OTR | 9 | 0 | 9360 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 65899800 | 310000 | SH |  | OTR | 4 | 0 | 310000 | 0 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 740303 | 3015 | SH |  | OTR | 9 | 0 | 3015 | 0 |
| CELESTICA INC | COM | 15101Q207 |  | 1251857 | 5081 | SH |  | OTR | 9 | 0 | 5081 | 0 |
| CEMEX SAB DE CV | SPON ADR NEW | 151290889 |  | 52142000 | 5800000 | SH |  | OTR | 4 | 0 | 5800000 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 893385 | 52583 | SH |  | OTR | 9 | 0 | 52583 | 0 |
| CHATHAM LODGING TR | COM | 16208T102 |  | 10876910 | 1621000 | SH |  | OTR | 5 | 0 | 1621000 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 810485967 | 3449170 | SH |  | OTR | 6 | 0 | 3449170 | 0 |
| CHENIERE ENERGY PARTNERS LP | COM UNIT | 16411Q101 |  | 5494078320 | 102082466 | SH |  | OTR | 8 | 0 | 102082466 | 0 |
| CHENIERE ENERGY PARTNERS LP | COM UNIT | 16411Q101 |  | 14201214 | 263865 | SH |  | OTR | 6 | 0 | 263865 | 0 |
| CHIME FINL INC | COM SHS CL A | 16935C109 |  | 1411900 | 70000 | SH |  | OTR | 4 | 0 | 70000 | 0 |
| CIPHER MINING INC | COM | 17253J106 |  | 2518000 | 200000 | SH |  | OTR | 4 | 0 | 200000 | 0 |
| CIRCLE INTERNET GROUP INC | COM CL A | 172573107 |  | 16572500 | 125000 | SH |  | OTR | 4 | 0 | 125000 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 898275 | 8850 | SH |  | OTR | 9 | 0 | 8850 | 0 |
| CLEARWATER ANALYTICS HLDGS I | CL A | 185123106 |  | 73293827 | 4067360 | SH |  | SOLE |  | 4067360 | 0 | 0 |
| COMPASS THERAPEUTICS INC | COM | 20454B104 |  | 2842410 | 812117 | SH |  | OTR | 5 | 0 | 812117 | 0 |
| COMPASS THERAPEUTICS INC | COM | 20454B104 |  | 31597969 | 9027991 | SH |  | OTR | 9 | 0 | 9027991 | 0 |
| CONTEXT THERAPEUTICS INC | COM | 21077P108 |  | 2364680 | 2440330 | SH |  | OTR | 9 | 0 | 2440330 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 17940000 | 1000000 | SH |  | OTR | 4 | 0 | 1000000 | 0 |
| COREBRIDGE FINL INC | COM | 21871X109 |  | 1985886042 | 61962123 | SH |  | SOLE |  | 61962123 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 540147 | 3947 | SH |  | OTR | 9 | 0 | 3947 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 20527500 | 150000 | SH |  | OTR | 4 | 0 | 150000 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 816406 | 882 | SH |  | OTR | 9 | 0 | 882 | 0 |
| CRESCENT BIOPHARMA INC. | COM | G2545C104 |  | 899050 | 75614 | SH |  | OTR | 9 | 0 | 75614 | 0 |
| CRESCENT CAP BDC INC | COM | 225655109 |  | 59967678 | 4205307 | SH |  | OTR |  | 0 | 4205307 | 0 |
| CRH PLC | ORD | G25508105 |  | 53955000 | 450000 | SH |  | OTR | 4 | 0 | 450000 | 0 |
| CROSSAMERICA PARTNERS LP | UT LTD PTN INT | 22758A105 |  | 2599518 | 123610 | SH |  | OTR | 6 | 0 | 123610 | 0 |
| CRYOPORT INC | COM PAR $0.001 | 229050307 |  | 4298194 | 453396 | SH |  | OTR | 7 | 0 | 453396 | 0 |
| CSX CORP | COM | 126408103 |  | 1909195 | 53765 | SH |  | OTR | 9 | 0 | 53765 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 1752591 | 23247 | SH |  | OTR | 9 | 0 | 23247 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 1042649 | 5259 | SH |  | OTR | 9 | 0 | 5259 | 0 |
| DAVE INC | CLASS A COM NEW | 23834J201 |  | 513725 | 2577 | SH |  | OTR | 9 | 0 | 2577 | 0 |
| DELEK LOGISTICS PARTNERS LP | COM UNT RP INT | 24664T103 |  | 5916967 | 129929 | SH |  | OTR | 6 | 0 | 129929 | 0 |
| DOORDASH INC | CL A | 25809K105 |  | 265734 | 977 | SH |  | OTR | 9 | 0 | 977 | 0 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 248723860 | 2199928 | SH |  | OTR | 6 | 0 | 2199928 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 936045 | 7564 | SH |  | OTR | 9 | 0 | 7564 | 0 |
| D-WAVE QUANTUM INC | COM | 26740W109 |  | 869570 | 35191 | SH |  | OTR | 9 | 0 | 35191 | 0 |
| ELDORADO GOLD CORP NEW | COM | 284902509 |  | 2815591 | 97459 | SH |  | OTR | 9 | 0 | 97459 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 1509977 | 1979 | SH |  | OTR | 9 | 0 | 1979 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 788975706 | 15635666 | SH |  | OTR | 6 | 0 | 15635666 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 661351720 | 38540310 | SH |  | OTR | 6 | 0 | 38540310 | 0 |
| ENLIVEN THERAPEUTICS INC | COM | 29337E102 |  | 27032518 | 1320592 | SH |  | OTR | 9 | 0 | 1320592 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 988466 | 10607 | SH |  | OTR | 9 | 0 | 10607 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 642571326 | 20549131 | SH |  | OTR | 6 | 0 | 20549131 | 0 |
| EQT CORP | COM | 26884L109 |  | 994524766 | 18271629 | SH |  | OTR | 2 | 0 | 18271629 | 0 |
| EQT CORP | COM | 26884L109 |  | 591436 | 10866 | SH |  | OTR | 6 | 0 | 10866 | 0 |
| EQUINOX GOLD CORP | COM | 29446Y502 |  | 2400856 | 213980 | SH |  | OTR | 9 | 0 | 213980 | 0 |
| EVE HLDG INC | COM | 29970N104 |  | 951357 | 249700 | SH |  | OTR | 4 | 0 | 249700 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 293435 | 2762 | SH |  | OTR | 6 | 0 | 2762 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 983885 | 4381 | SH |  | OTR | 9 | 0 | 4381 | 0 |
| FIGMA INC | CLASS A COM STK | 316841105 |  | 7780500 | 150000 | SH |  | OTR | 4 | 0 | 150000 | 0 |
| FIGURE TECHNOLOGY SOLUTIO | COM CL A | 349381103 |  | 4364400 | 120000 | SH |  | OTR | 4 | 0 | 120000 | 0 |
| FINANCE OF AMERICA COMPAN | CL A NEW | 31738L206 |  | 71602930 | 3192284 | SH |  | OTR | 7 | 0 | 3192284 | 0 |
| FIREFLY AEROSPACE INC | COM | 31816X106 |  | 1172800 | 40000 | SH |  | OTR | 4 | 0 | 40000 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 775383 | 3516 | SH |  | OTR | 9 | 0 | 3516 | 0 |
| FIRSTENERGY CORP | COM | 337932107 |  | 1321086776 | 28832099 | SH |  | OTR | 8 | 0 | 28832099 | 0 |
| FLUTTER ENTMT PLC | SHS | G3643J108 |  | 54610000 | 215000 | SH |  | OTR | 4 | 0 | 215000 | 0 |
| FORD MTR CO | COM | 345370860 |  | 1103155 | 92237 | SH |  | OTR | 9 | 0 | 92237 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 73485000 | 1500000 | SH |  | OTR | 4 | 0 | 1500000 | 0 |
| FS CREDIT OPPORTUNITIES CORP | COMMON STOCK | 30290Y101 |  | 11490950 | 1662945 | SH |  | SOLE |  | 1662945 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 1214110 | 4036 | SH |  | OTR | 9 | 0 | 4036 | 0 |
| GEMINI SPACE STA INC | CL A COM | 36866J105 |  | 1198000 | 50000 | SH |  | OTR | 4 | 0 | 50000 | 0 |
| GENESIS ENERGY L P | UNIT LTD PARTN | 371927104 |  | 9620532 | 575735 | SH |  | OTR | 6 | 0 | 575735 | 0 |
| GFL ENVIRONMENTAL INC | SUB VTG SHS | 36168Q104 |  | 920120 | 19420 | SH |  | OTR | 9 | 0 | 19420 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 1502052 | 13532 | SH |  | OTR | 9 | 0 | 13532 | 0 |
| GLOBAL BUSINESS TRAVEL GROUP | COM CL A | 37890B100 |  | 2875155 | 355836 | SH |  | OTR | 1 | 0 | 355836 | 0 |
| GLOBAL PARTNERS LP | COM UNITS | 37946R109 |  | 10900992 | 227104 | SH |  | OTR | 6 | 0 | 227104 | 0 |
| GOLAR LNG LTD | SHS | G9456A100 |  | 945513 | 23398 | SH |  | OTR | 9 | 0 | 23398 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 765292 | 961 | SH |  | OTR | 9 | 0 | 961 | 0 |
| HESS MIDSTREAM LP | CL A SHS | 428103105 |  | 125925180 | 3644723 | SH |  | OTR | 6 | 0 | 3644723 | 0 |
| HUDBAY MINERALS INC | COM | 443628102 |  | 1541848 | 101705 | SH |  | OTR | 9 | 0 | 101705 | 0 |
| HUDSON PAC PPTYS INC | COM | 444097109 |  | 10479996 | 3797100 | SH |  | OTR | 5 | 0 | 3797100 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 1095099 | 11531 | SH |  | OTR | 9 | 0 | 11531 | 0 |
| IMMUNITYBIO INC | COM | 45256X103 |  | 29382 | 11944 | SH |  | OTR | 9 | 0 | 11944 | 0 |
| INHIBIKASE THERAPEUTICS INC | COM NEW | 45719W205 |  | 4274007 | 2638276 | SH |  | OTR | 9 | 0 | 2638276 | 0 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 18266396 | 350872 | SH |  | OTR | 9 | 0 | 350872 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 40552738 | 167601 | SH |  | OTR | 9 | 0 | 167601 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1114560 | 6011 | SH |  | OTR | 9 | 0 | 6011 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 722019 | 2289 | SH |  | OTR | 9 | 0 | 2289 | 0 |
| KARMAN HLDGS INC | COMMON STOCK | 485924104 |  | 11913000 | 165000 | SH |  | OTR | 4 | 0 | 165000 | 0 |
| KENVUE INC | COM | 49177J102 |  | 1698031 | 104623 | SH |  | OTR | 9 | 0 | 104623 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 614483413 | 21705525 | SH |  | OTR | 6 | 0 | 21705525 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 1135826 | 40121 | SH |  | OTR | 9 | 0 | 40121 | 0 |
| KINETIK HOLDINGS INC | COM NEW CL A | 02215L209 |  | 509215985 | 11914272 | SH |  | OTR | 2 | 0 | 11914272 | 0 |
| KLARNA GROUP PLC | SHS | G5279N105 |  | 19272183 | 525844 | SH |  | OTR | 2 | 0 | 525844 | 0 |
| KLARNA GROUP PLC | SHS | G5279N105 |  | 2932000 | 80000 | SH |  | OTR | 4 | 0 | 80000 | 0 |
| LANDBRIDGE COMPANY LLC | CL A | 514952100 |  | 5335000 | 100000 | SH |  | OTR | 4 | 0 | 100000 | 0 |
| LATAM AIRLINES GROUP SA | SPONSORED ADR | 51817R205 |  | 2262500 | 50000 | SH |  | OTR | 4 | 0 | 50000 | 0 |
| LEGENCE CORP | CL A | 52476L109 |  | 894196781 | 29022940 | SH |  | OTR | 2 | 0 | 29022940 | 0 |
| LEXEO THERAPEUTICS INC | COM | 52886X107 |  | 7469482 | 1124922 | SH |  | OTR | 9 | 0 | 1124922 | 0 |
| LOAR HOLDINGS INC | COM SHS | 53947R105 |  | 547223920 | 6840299 | SH |  | OTR | 1 | 0 | 6840299 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 576706 | 915 | SH |  | OTR | 9 | 0 | 915 | 0 |
| MARTIN MIDSTREAM PRTNRS L P | UNIT L P INT | 573331105 |  | 3006367 | 982473 | SH |  | OTR | 6 | 0 | 982473 | 0 |
| MASTEC INC | COM | 576323109 |  | 68099200 | 320000 | SH |  | OTR | 4 | 0 | 320000 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 959014 | 1686 | SH |  | OTR | 9 | 0 | 1686 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 1293232 | 1674 | SH |  | OTR | 9 | 0 | 1674 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 1139014 | 13571 | SH |  | OTR | 9 | 0 | 13571 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 4519375 | 6154 | SH |  | OTR | 9 | 0 | 6154 | 0 |
| METHANEX CORP | COM | 59151K108 |  | 1432831 | 36037 | SH |  | OTR | 9 | 0 | 36037 | 0 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 2360797 | 68113 | SH |  | OTR | 9 | 0 | 68113 | 0 |
| MIAMI INTL HLDGS INC | COM | 59356Q108 |  | 2013000 | 50000 | SH |  | OTR | 4 | 0 | 50000 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 4539832 | 8765 | SH |  | OTR | 9 | 0 | 8765 | 0 |
| MILLICOM INTL CELLULAR S A | COM STK | L6388F110 |  | 1822386 | 37544 | SH |  | OTR | 9 | 0 | 37544 | 0 |
| MIND MEDICINE MINDMED INC | COM NEW | 60255C885 |  | 32735654 | 2776561 | SH |  | OTR | 9 | 0 | 2776561 | 0 |
| MINISO GROUP HLDG LTD | SPONSORED ADS | 66981J102 |  | 1619055 | 71958 | SH |  | OTR | 9 | 0 | 71958 | 0 |
| MODERNA INC | COM | 60770K107 |  | 325794 | 12613 | SH |  | OTR | 1 | 0 | 12613 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 21797750 | 325000 | SH |  | OTR | 4 | 0 | 325000 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 700184964 | 14017717 | SH |  | OTR | 6 | 0 | 14017717 | 0 |
| NEBIUS GROUP N.V. | SHS CLASS A | N97284108 |  | 14033750 | 125000 | SH |  | OTR | 4 | 0 | 125000 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 2625635 | 2190 | SH |  | OTR | 9 | 0 | 2190 | 0 |
| NETSKOPE INC | CL A | 64119N608 |  | 7955500 | 350000 | SH |  | OTR | 4 | 0 | 350000 | 0 |
| NEUEHEALTH INC | COM NEW | 10920V404 |  | 306260 | 45916 | SH |  | OTR | 7 | 0 | 45916 | 0 |
| NEXTDECADE CORP | COM | 65342K105 |  | 378957 | 55811 | SH |  | OTR | 6 | 0 | 55811 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 214467 | 2841 | SH |  | OTR | 6 | 0 | 2841 | 0 |
| NIQ GLOBAL INTELLIGENCE PLC | ORDINARY SHARES | G63755105 |  | 3925000 | 250000 | SH |  | OTR | 4 | 0 | 250000 | 0 |
| NKARTA INC | COM | 65487U108 |  | 1546381 | 747044 | SH |  | OTR | 9 | 0 | 747044 | 0 |
| NUTRIEN LTD | COM | 67077M108 |  | 857812 | 14611 | SH |  | OTR | 9 | 0 | 14611 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 6911856 | 37045 | SH |  | OTR | 9 | 0 | 37045 | 0 |
| OATLY GROUP AB | SPONSORED ADS | 67421J207 |  | 32220326 | 1988909 | SH |  | OTR | 2 | 0 | 1988909 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 257389854 | 3527338 | SH |  | OTR | 6 | 0 | 3527338 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 1101993 | 15102 | SH |  | OTR | 9 | 0 | 15102 | 0 |
| ORUKA THERAPEUTICS INC | COM | 687604108 |  | 16353192 | 850400 | SH |  | OTR | 9 | 0 | 850400 | 0 |
| OVINTIV INC | COM | 69047Q102 |  | 251487 | 6228 | SH |  | OTR | 6 | 0 | 6228 | 0 |
| PATTERN GROUP INC | COM SER A | 70339W104 |  | 1644000 | 120000 | SH |  | OTR | 4 | 0 | 120000 | 0 |
| PATTERSON-UTI ENERGY INC | COM | 703481101 |  | 145358705 | 28061526 | SH |  | OTR | 2 | 0 | 28061526 | 0 |
| PAYSAFE LIMITED | SHS | G6964L206 |  | 136234242 | 10544446 | SH |  | OTR | 2 | 0 | 10544446 | 0 |
| PAYSAFE LIMITED | SHS | G6964L206 |  | 5383351 | 416668 | SH |  | OTR |  | 0 | 416668 | 0 |
| PEMBINA PIPELINE CORP | COM | 706327103 |  | 38652328 | 955322 | SH |  | OTR | 6 | 0 | 955322 | 0 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 162099 | 12664 | SH |  | OTR | 6 | 0 | 12664 | 0 |
| PG CORP | COM | 69331C108 |  | 1121937 | 74399 | SH |  | OTR | 9 | 0 | 74399 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 1898064 | 11702 | SH |  | OTR | 9 | 0 | 11702 | 0 |
| PINTEREST INC | CL A | 72352L106 |  | 49059250 | 1525000 | SH |  | OTR | 4 | 0 | 1525000 | 0 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 |  | 234817644 | 13764223 | SH |  | OTR | 6 | 0 | 13764223 | 0 |
| PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 |  | 37406391 | 2050789 | SH |  | OTR | 6 | 0 | 2050789 | 0 |
| PLANET FITNESS INC | CL A | 72703H101 |  | 699820 | 6742 | SH |  | OTR | 9 | 0 | 6742 | 0 |
| PLIANT THERAPEUTICS INC | COM | 729139105 |  | 32865 | 22206 | SH |  | OTR | 5 | 0 | 22206 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1463977 | 9528 | SH |  | OTR | 9 | 0 | 9528 | 0 |
| PROTARA THERAPEUTICS INC | COM STK | 74365U107 |  | 8307030 | 1909662 | SH |  | OTR | 9 | 0 | 1909662 | 0 |
| QFIN HOLDINGS INC | AMERICAN DEP | 88557W101 |  | 909333 | 31596 | SH |  | OTR | 9 | 0 | 31596 | 0 |
| QUANTUM COMPUTING INC | COM | 74766W108 |  | 24731331 | 1343364 | SH |  | OTR | 4 | 0 | 1343364 | 0 |
| RB GLOBAL INC | COM | 74935Q107 |  | 1078182 | 9950 | SH |  | OTR | 9 | 0 | 9950 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 1229295 | 20222 | SH |  | OTR | 9 | 0 | 20222 | 0 |
| RELAY THERAPEUTICS INC | COM | 75943R102 |  | 185926 | 35618 | SH |  | OTR | 5 | 0 | 35618 | 0 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 |  | 43168100 | 170000 | SH |  | OTR | 4 | 0 | 170000 | 0 |
| REPARE THERAPEUTICS INC | COM | 760273102 |  | 45684 | 25957 | SH |  | OTR | 5 | 0 | 25957 | 0 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 |  | 854088 | 13316 | SH |  | OTR | 9 | 0 | 13316 | 0 |
| REZOLUTE INC | COM NEW | 76200L309 |  | 28424651 | 3023899 | SH |  | OTR | 9 | 0 | 3023899 | 0 |
| RIVIAN AUTOMOTIVE INC | NOTE  3.625%10/1 | 76954AAD5 |  | 18447143 | 20000000 | PRN |  | OTR | 4 | 0 | 20000000 | 0 |
| ROIVANT SCIENCES LTD | SHS | G76279101 |  | 2039796 | 134818 | SH |  | OTR | 9 | 0 | 134818 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 1434150 | 15022 | SH |  | OTR | 9 | 0 | 15022 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 1621796 | 9074 | SH |  | OTR | 9 | 0 | 9074 | 0 |
| SEMPRA | COM | 816851109 |  | 87995131 | 977941 | SH |  | OTR | 6 | 0 | 977941 | 0 |
| SEZZLE INC | COM | 78435P105 |  | 1902676 | 23924 | SH |  | OTR | 9 | 0 | 23924 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 1340258 | 18737 | SH |  | OTR | 9 | 0 | 18737 | 0 |
| SLIDE INS HLDGS INC | COM | 831349105 |  | 1184250 | 75000 | SH |  | OTR | 4 | 0 | 75000 | 0 |
| SOUTH BOW CORP | COM | 83671M105 |  | 61400871 | 2170409 | SH |  | OTR | 6 | 0 | 2170409 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 1422024 | 15005 | SH |  | OTR | 9 | 0 | 15005 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 60104758 | 90223 | SH |  | OTR | 9 | 0 | 90223 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1532214000 | 2300000 | SH | Put | OTR | 4 | 0 | 2300000 | 0 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 |  | 255310 | 2548 | SH |  | OTR | 9 | 0 | 2548 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 885064 | 1268 | SH |  | OTR | 9 | 0 | 1268 | 0 |
| SPYRE THERAPEUTICS INC | COM NEW | 00773J202 |  | 8396726 | 500998 | SH |  | OTR | 9 | 0 | 500998 | 0 |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 78467V608 |  | 23101474 | 555591 | SH |  | OTR | 1 | 0 | 555591 | 0 |
| STANDARDAERO INC | COM | 85423L103 |  | 10916000 | 400000 | SH |  | OTR | 4 | 0 | 400000 | 0 |
| STAR GROUP L P | UNIT LTD PARTNR | 85512C105 |  | 1929355 | 163090 | SH |  | OTR | 6 | 0 | 163090 | 0 |
| SUBURBAN PROPANE PARTNERS L | UNIT LTD PARTN | 864482104 |  | 7724289 | 414171 | SH |  | OTR | 6 | 0 | 414171 | 0 |
| SUNOCO LP/SUNOCO FIN CORP | COM UT REP LTD | 86765K109 |  | 94217640 | 1883976 | SH |  | OTR | 6 | 0 | 1883976 | 0 |
| SUNSTONE HOTEL INVS INC NEW | COM | 867892101 |  | 81003650 | 8645000 | SH |  | OTR | 5 | 0 | 8645000 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 481549 | 976 | SH |  | OTR | 9 | 0 | 976 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 2382344 | 8530 | SH |  | OTR | 9 | 0 | 8530 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 205335180 | 482710 | SH |  | OTR | 9 | 0 | 482710 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 6380700 | 15000 | SH |  | OTR | 4 | 0 | 15000 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 639667050 | 3817996 | SH |  | OTR | 6 | 0 | 3817996 | 0 |
| TASKUS INC | CLASS A COM | 87652V109 |  | 180189931 | 10094674 | SH |  | OTR | 2 | 0 | 10094674 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 91423545 | 1680271 | SH |  | OTR | 6 | 0 | 1680271 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 971066 | 22125 | SH |  | OTR | 9 | 0 | 22125 | 0 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 |  | 1378084 | 68222 | SH |  | OTR | 9 | 0 | 68222 | 0 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 1005489 | 20516 | SH |  | OTR | 9 | 0 | 20516 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1264447 | 2607 | SH |  | OTR | 9 | 0 | 2607 | 0 |
| TRANSALTA CORP | COM | 89346D107 |  | 2218176 | 162266 | SH |  | OTR | 9 | 0 | 162266 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 801356 | 608 | SH |  | OTR | 9 | 0 | 608 | 0 |
| TRANSOCEAN LTD | REGISTERED SHS | H8817H100 |  | 2340000 | 750000 | SH |  | OTR | 4 | 0 | 750000 | 0 |
| TRIP COM GROUP LTD | ADS | 89677Q107 |  | 908190 | 12077 | SH |  | OTR | 9 | 0 | 12077 | 0 |
| TXNM ENERGY INC | COM | 69349H107 |  | 452400000 | 8000000 | SH |  | OTR | 8 | 0 | 8000000 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 1762284 | 17988 | SH |  | OTR | 9 | 0 | 17988 | 0 |
| UNDER ARMOUR INC | CL A | 904311107 |  | 60504 | 12125 | SH |  | OTR | 9 | 0 | 12125 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 1050192 | 4443 | SH |  | OTR | 9 | 0 | 4443 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 3023447 | 8756 | SH |  | OTR | 9 | 0 | 8756 | 0 |
| USA COMPRESSION PARTNERS LP | COMUNIT LTDPAR | 90290N109 |  | 15706056 | 654419 | SH |  | OTR | 6 | 0 | 654419 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 26740000 | 350000 | SH |  | OTR | 4 | 0 | 350000 | 0 |
| VIKING HOLDINGS LTD | ORD SHS | G93A5A101 |  | 17094000 | 275000 | SH |  | OTR | 4 | 0 | 275000 | 0 |
| VIPER ENERGY INC | CL A | 64361Q101 |  | 76440000 | 2000000 | SH |  | OTR | 2 | 0 | 2000000 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 1166837 | 3418 | SH |  | OTR | 9 | 0 | 3418 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 40965600 | 120000 | SH |  | OTR | 4 | 0 | 120000 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 25469600 | 130000 | SH |  | OTR | 4 | 0 | 130000 | 0 |
| VNET GROUP INC | SPONSORED ADS A | 90138A103 |  | 107454003 | 10402130 | SH |  | OTR | 7 | 0 | 10402130 | 0 |
| VOYAGER TECHNOLOGIES INC | COM CL A | 92892B103 |  | 2084600 | 70000 | SH |  | OTR | 4 | 0 | 70000 | 0 |
| WALMART INC | COM | 931142103 |  | 2552384 | 24766 | SH |  | OTR | 9 | 0 | 24766 | 0 |
| WATERBRIDGE INFRASTRUCTURE L | CL A SHS REPSTG | 940923105 |  | 11349000 | 450000 | SH |  | OTR | 6 | 0 | 450000 | 0 |
| WATERBRIDGE INFRASTRUCTURE L | CL A SHS REPSTG | 940923105 |  | 5674500 | 225000 | SH |  | OTR | 4 | 0 | 225000 | 0 |
| WEBULL CORP | ORD SHS | G9572D103 |  | 16269000 | 1100000 | SH | Put | OTR | 4 | 0 | 1100000 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1291079 | 15403 | SH |  | OTR | 9 | 0 | 15403 | 0 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 |  | 355488101 | 9047801 | SH |  | OTR | 6 | 0 | 9047801 | 0 |
| WHITEFIBER INC | SHS | G96115103 |  | 5434000 | 200000 | SH |  | OTR | 4 | 0 | 200000 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 1241334128 | 19594856 | SH |  | OTR | 6 | 0 | 19594856 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 968305 | 15285 | SH |  | OTR | 9 | 0 | 15285 | 0 |
| ZYMEWORKS INC | COM | 98985Y108 |  | 27606233 | 1616290 | SH |  | OTR | 9 | 0 | 1616290 | 0 |

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