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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2008
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: The Blackstone Group L.P.
Address: 345 Park Avenue
New York, NY 10154
Form 13F File Number: 28-13114
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: Robert L. Friedman
Title: Authorized Person
Phone: (212) 583-5000
Signature, Place, and Date of Signing:
/s/ Robert L. Friedman New York, NY August 14, 2008
---------------------- ------------ ---------------
[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 reported are 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: 3
Form 13F Information Table Entry Total: 73
Form 13F Information Table Value Total: $4,452,626 (thousands)
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.
Number Form 13F File Number Name
------ -------------------- ----
1 28-13113 Blackstone Capital Partners V L.P.
2 28-12319 Blackstone Kailix Advisors L.L.C.
3 28-12332 GSO Capital Partners LP
Explanatory Note:
The Blackstone Group L.P. is managed and operated by its general partner,
Blackstone Group Management L.L.C., which is in turn wholly-owned by
Blackstone's senior managing directors and controlled by its two founders, Mr.
Stephen A. Schwarzman and Mr. Peter G. Peterson.
FORM 13F INFORMATION TABLE
THE BLACKSTONE GROUP L.P.
FOR QUARTER ENDED JUNE 30, 2008
-----------------------------------------------------------------------------------------------------------------------------------
Name of Issuer Title of Class CUSIP Value (x Shrs or prn SH/ Put/ Investment Other Voting
$1000) amt PRN Call Discretion Managers Authority
Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
AECOM TECHNOLOGY
CORP DELAWA COM 00766T100 $16,265 500,000 SH SOLE 3 500,000
-----------------------------------------------------------------------------------------------------------------------------------
AIRMEDIA GROUP INC SPONSORED ADR 009411109 $790 54,675 SH SOLE 54,675
-----------------------------------------------------------------------------------------------------------------------------------
ALLEGHENY TECHNOLOGIES INC COM 01741R102 $71,136 1,200,000 SH SOLE 2 1,200,000
-----------------------------------------------------------------------------------------------------------------------------------
ALPHA NATURAL RESOURCES INC COM 02076X102 $271,154 2,600,000 SH SOLE 2 2,600,000
-----------------------------------------------------------------------------------------------------------------------------------
ALLIANCE DATA SYSTEMS CORP COM 018581108 $138,867 2,455,648 SH SOLE 1 2,455,648
-----------------------------------------------------------------------------------------------------------------------------------
ALLIED WASTE INDS INC COM PAR$.01NEW 019589308 $604,585 47,906,868 SH SOLE 47,906,868
-----------------------------------------------------------------------------------------------------------------------------------
APPLIED MICRO CIRCUITS CORP COM NEW 03822W406 $16,050 1,874,998 SH SOLE 2 1,874,998
-----------------------------------------------------------------------------------------------------------------------------------
BARCLAYS BK PLC IP MSCI IND 36 06739F291 $320 6,100 SH SOLE 6,100
-----------------------------------------------------------------------------------------------------------------------------------
BHP BILLITON PLC SPONSORED ADR 088606108 $140,564 1,650,000 SH SOLE 2 1,650,000
-----------------------------------------------------------------------------------------------------------------------------------
CKE RESTAURANTS INC COM 12561E105 $23,138 1,855,500 SH SOLE 3 1,855,500
-----------------------------------------------------------------------------------------------------------------------------------
CNOOC LTD SPONSORED ADR 126132109 $1,223 7,050 SH SOLE 7,050
-----------------------------------------------------------------------------------------------------------------------------------
CALPINE CORP COM NEW 131347304 $55,736 2,470,557 SH SOLE 2,470,557
-----------------------------------------------------------------------------------------------------------------------------------
CALPINE CORP COM NEW 131347304 $24,816 1,100,000 SH SOLE 3 1,100,000
-----------------------------------------------------------------------------------------------------------------------------------
CARAUSTAR INDS INC COM 140909102 $18 6,100 SH SOLE 6,100
-----------------------------------------------------------------------------------------------------------------------------------
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 $226 3,350 SH SOLE 3,350
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Name of Issuer Title of Class CUSIP Value (x Shrs or prn SH/ Put/ Investment Other Voting
$1000) amt PRN Call Discretion Managers Authority
Sole Share None
-----------------------------------------------------------------------------------------------------------------------------------
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 $411 4,429 SH SOLE 4,429
-----------------------------------------------------------------------------------------------------------------------------------
CITADEL BROADCASTING CORP COM 17285T106 $7,320 6,000,000 SH SOLE 2 6,000,000
-----------------------------------------------------------------------------------------------------------------------------------
DANA HOLDING CORP COM 235825205 $13,339 2,493,349 SH SOLE 2,493,349
-----------------------------------------------------------------------------------------------------------------------------------
DELTA AIR LINES INC DEL COM NEW 247361702 $28,500 5,000,000 SH SOLE 2 5,000,000
-----------------------------------------------------------------------------------------------------------------------------------
DIRECTV GROUP INC COM 25459L106 $25,910 1,000,000 SH SOLE 2 1,000,000
-----------------------------------------------------------------------------------------------------------------------------------
DR PEPPER SNAPPLE GROUP INC COM 26138E109 $31,470 1,500,000 SH SOLE 2 1,500,000
-----------------------------------------------------------------------------------------------------------------------------------
EXCO RESOURCES INC COM 269279402 $36,910 1,000,000 SH SOLE 2 1,000,000
-----------------------------------------------------------------------------------------------------------------------------------
EAGLE ROCK ENERGY PARTNERS L UNIT 26985R104 $15,512 948,141 SH SOLE 3 948,141
-----------------------------------------------------------------------------------------------------------------------------------
FBR CAPITAL MARKETS CORP COM 30247C301 $561 111,500 SH SOLE 3 111,500
-----------------------------------------------------------------------------------------------------------------------------------
FIFTH STREET FINANCE CORP COM 31678A103 $2,573 250,000 SH SOLE 2 250,000
-----------------------------------------------------------------------------------------------------------------------------------
FINISAR COM 31787A101 $11,900 10,000,000 SH SOLE 2 10,000,000
-----------------------------------------------------------------------------------------------------------------------------------
FORDING CDN COAL TR TR UNIT 345425102 $119,513 1,250,000 SH SOLE 2 1,250,000
-----------------------------------------------------------------------------------------------------------------------------------
FOSTER WHEELER LTD SHS NEW G36535139 $73,150 1,000,000 SH SOLE 2 1,000,000
-----------------------------------------------------------------------------------------------------------------------------------
FRIEDMAN BILLINGS RAMSEY GRO CL A 358434108 $285 190,000 SH SOLE 3 190,000
-----------------------------------------------------------------------------------------------------------------------------------
GENERAL MLS INC COM 370334104 $66,847 1,100,000 SH SOLE 2 1,100,000
-----------------------------------------------------------------------------------------------------------------------------------
GEORGIA GULF CORP COM PAR $0.01 373200203 $1,521 524,450 SH SOLE 524,450
-----------------------------------------------------------------------------------------------------------------------------------
GEORGIA GULF CORP COM PAR $0.01 373200203 $3,206 1,105,450 SH SOLE 3 1,105,450
-----------------------------------------------------------------------------------------------------------------------------------
HARMAN INTL INDS INC COM 413086109 $37,251 900,000 SH SOLE 2 900,000
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Name of Issuer Title of Class CUSIP Value (x Shrs or prn SH/ Put/ Investment Other Voting
$1000) amt PRN Call Discretion Managers Authority
Sole Share None
-----------------------------------------------------------------------------------------------------------------------------------
HOLOGIC INC COM 436440101 $21,800 1,000,000 SH SOLE 2 1,000,000
-----------------------------------------------------------------------------------------------------------------------------------
INVERNESS MED INNOVATIONS IN COM 46126P106 $33,170 1,000,000 SH SOLE 2 1,000,000
-----------------------------------------------------------------------------------------------------------------------------------
ISHARES INC MSCI TAIWAN 464286731 $338 23,800 SH SOLE 23,800
-----------------------------------------------------------------------------------------------------------------------------------
ISHARES INC MSCI SINGAPORE 464286673 $137 11,000 SH SOLE 11,000
-----------------------------------------------------------------------------------------------------------------------------------
ISHARES INC MSCI S KOREA 464286772 $134 2,600 SH SOLE 2,600
-----------------------------------------------------------------------------------------------------------------------------------
ISHARES TR FTSE XNHUA IDX 464287184 $171 1,300 SH SOLE 1,300
-----------------------------------------------------------------------------------------------------------------------------------
ISHARES TR DJ HOME CONSTN 464288752 $4,289 300,000 SH SOLE 3 300,000
-----------------------------------------------------------------------------------------------------------------------------------
LENNAR CORP CL A 526057104 $2,468 200,000 SH SOLE 3 200,000
-----------------------------------------------------------------------------------------------------------------------------------
LIBERTY MEDIA CORP NEW CAP COM SER A 53071M302 $7,776 539,994 SH SOLE 3 539,994
-----------------------------------------------------------------------------------------------------------------------------------
LIBERTY MEDIA CORP NEW ENT COM SER A 53071M500 $52,336 2,159,976 SH SOLE 3 2,159,976
-----------------------------------------------------------------------------------------------------------------------------------
LODGIAN INC COM PAR $.01 54021P403 $10,390 1,326,909 SH SOLE 1,326,909
-----------------------------------------------------------------------------------------------------------------------------------
LORILLARD INC COM 544147101 $117,572 1,700,000 SH SOLE 2 1,700,000
-----------------------------------------------------------------------------------------------------------------------------------
MGM MIRAGE COM 552953101 $50,835 1,500,000 SH SOLE 2 1,500,000
-----------------------------------------------------------------------------------------------------------------------------------
MORGAN STANLEY ASIA PAC FD I COM 61744U106 $612 34,967 SH SOLE 34,967
-----------------------------------------------------------------------------------------------------------------------------------
MOSAIC CO COM 61945A107 $137,465 950,000 SH SOLE 2 950,000
-----------------------------------------------------------------------------------------------------------------------------------
NETEASE COM INC SPONSORED ADR 64110W102 $491 22,700 SH SOLE 22,700
-----------------------------------------------------------------------------------------------------------------------------------
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 $421 7,200 SH SOLE 7,200
-----------------------------------------------------------------------------------------------------------------------------------
NRG ENERGY INC COM NEW 629377508 $40,755 950,000 SH SOLE 3 950,000
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Name of Issuer Title of Class CUSIP Value (x Shrs or prn SH/ Put/ Investment Other Voting
$1000) amt PRN Call Discretion Managers Authority
Sole Share None
-----------------------------------------------------------------------------------------------------------------------------------
OLIN CORP (a) COM PAR $1 680665205 $5,236 200,000 SH PU SOLE 200,000
-----------------------------------------------------------------------------------------------------------------------------------
ORBITZ WORLDWIDE INC COM 68557K109 $230,567 46,021,327 SH SOLE 1 46,021,327
-----------------------------------------------------------------------------------------------------------------------------------
OSG AMER L P COM UNIT LPI 671028108 $6,825 500,000 SH SOLE 2 500,000
-----------------------------------------------------------------------------------------------------------------------------------
OVERSEAS SHIPHOLDING GROUP I COM 690368105 $13,003 163,516 SH SOLE 2 163,516
-----------------------------------------------------------------------------------------------------------------------------------
PACTIV CORP COM 695257105 $21,230 1,000,000 SH SOLE 2 1,000,000
-----------------------------------------------------------------------------------------------------------------------------------
PATRIOT COAL CORP COM 70336T104 $114,968 750,000 SH SOLE 2 750,000
-----------------------------------------------------------------------------------------------------------------------------------
PETROCHINA CO LTD SPONSORED ADR 71646E100 $689 5,345 SH SOLE 5,345
-----------------------------------------------------------------------------------------------------------------------------------
POTASH CORP SASK INC COM 73755L107 $182,856 800,000 SH SOLE 2 800,000
-----------------------------------------------------------------------------------------------------------------------------------
PRECISION CASTPARTS CORP COM 740189105 $96,370 1,000,000 SH SOLE 2 1,000,000
-----------------------------------------------------------------------------------------------------------------------------------
PRICELINE COM INC COM NEW 741503403 $75,049 650,000 SH SOLE 2 650,000
-----------------------------------------------------------------------------------------------------------------------------------
ROCKWOOD HLDGS INC COM 774415103 $100,701 2,893,700 SH SOLE 2 2,893,700
-----------------------------------------------------------------------------------------------------------------------------------
SPDR TR (b) UNIT SER 1 78462F103 $217,566 1,700,000 SH PU SOLE 3 1,700,000
-----------------------------------------------------------------------------------------------------------------------------------
SANDRIDGE ENERGY INC COM 80007P307 $71,756 1,111,111 SH SOLE 3 1,111,111
-----------------------------------------------------------------------------------------------------------------------------------
TEMPLE INLAND INC COM 879868107 $22,540 2,000,000 SH SOLE 2 2,000,000
-----------------------------------------------------------------------------------------------------------------------------------
TIME WARNER INC COM 887317105 $962 65,000 SH SOLE 65,000
-----------------------------------------------------------------------------------------------------------------------------------
TIME WARNER INC COM 887317105 $14,800 1,000,000 SH SOLE 3 1,000,000
-----------------------------------------------------------------------------------------------------------------------------------
TRANS1 INC COM 89385X105 $1,884 125,000 SH SOLE 2 125,000
-----------------------------------------------------------------------------------------------------------------------------------
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 $850,733 46,060,285 SH SOLE 46,060,285
-----------------------------------------------------------------------------------------------------------------------------------
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Name of Issuer Title of Class CUSIP Value (x Shrs or prn SH/ Put/ Investment Other Voting
$1000) amt PRN Call Discretion Managers Authority
Sole Share None
-----------------------------------------------------------------------------------------------------------------------------------
VIRGIN MOBILE USA INC CL A 92769R108 $2,062 750,000 SH SOLE 2 750,000
-----------------------------------------------------------------------------------------------------------------------------------
WEYERHAEUSER CO COM 962166104 $92,052 1,800,000 SH SOLE 2 1,800,000
-----------------------------------------------------------------------------------------------------------------------------------
YRC WORLDWIDE INC COM 984249102 $8,550 575,000 SH SOLE 2 575,000
-----------------------------------------------------------------------------------------------------------------------------------
(a) In the 13F-HR for the quarter ended March 31, 2008, the market value
and share number for this position were incorrect and should have been
reported as $3,952 (in thousands) and 200,000, respectively.
(b) Includes two series of SPDR Series Trust put options.