AMF Tjanstepension 13F: New $2.6M Stake in Blackstone (BX)
Key Points
- AMF Tjanstepension disclosed a new stake in Blackstone Inc. holding 23,489 shares valued at roughly $2.63 million in its October 22, 2026 SEC filing.
- Blackstone Inc. recently traded around $113.33, sitting below its 50-day moving average of $126.22 as of October 22, 2026.
- Several company insiders sold shares earlier in the year, including officer John G Finley who disposed of 45,000 shares in August 2026.
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AMF Tjanstepension opened a new position in Blackstone Inc. (NYSE:BX), buying 23,489 shares valued at approximately $2.63 million. The institutional investor revealed the new holding in a Form 13F filing with the SEC on October 22, 2026. Blackstone closed at $118.74 on the day of the filing.
BX
Blackstone Inc.
What Changed in AMF Tjanstepension's Blackstone Position
The fund started from scratch with zero prior shares, making this a brand-new holding in its portfolio. The reported value of the stake reached $2,632,882 based on the filing details.
Other Institutional Activity in Blackstone
Other big investors adjusted their holdings in Blackstone around the same reporting period. Generate Investment Management picked up 135,000 shares, ending with 135,000 shares valued at about $15.13 million. Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings by 37,669 shares, finishing with 614,323 shares worth roughly $75.72 million. Van Eck Associates grew its position dramatically, adding 1,608,868 shares for a total of 1,765,375 shares valued at about $218.54 million. Vanguard Portfolio Management opened a new position of 16,037,998 shares worth roughly $1.99 billion. Waverly Advisors increased its stake by 10,778 shares, ending with 138,051 shares valued at about $16.24 million.
Blackstone Inc. Stock Up 2.7%
Blackstone shares recently traded around $113.33 as of October 22, 2026, down about 4.6% from the filing date close of $118.74. The stock trades below its 50-day moving average of $126.22 and sits 31.4% below its 52-week high of $165.14. It holds a market capitalization of roughly $82.25 billion.
Recent Earnings
Blackstone generated $15.48 billion in trailing twelve month revenue. The firm posted earnings of $4.47 per share over the same period, alongside a net profit margin of 22.7% and a return on equity of 31.4%.
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 rate of $5.23 per share, yielding 4.77%. The company's dividend payout ratio stands at 111.2%.
Insider Buying and Selling at Blackstone Inc.
Company insiders completed several transactions prior to the filing. Director Ruth M Porat bought 438 shares on May 11, 2026, for a total value of $53,974. Officer Vikrant Sawhney sold 30,000 shares on August 4, 2026, totaling $4.07 million. Officer John G Finley disposed of 45,000 shares on August 11, 2026, valued at $6.62 million. Officer David Payne sold 9,500 shares on August 11, 2026, at an average price of $145.23 for a total of $1.38 million.
Analysts Set New Price Targets
Wall Street firms updated their views on Blackstone leading up to the filing. Wells Fargo initiated coverage on October 2, 2026, with an Equal-Weight rating and a $122.00 price target. Barclays maintained an Equal-Weight rating on October 8, 2026, while lowering its target from $128.00 to $124.00. TD Cowen maintained a Buy rating on October 12, 2026, dropping its target from $154.00 to $144.00. UBS kept a Neutral rating on October 13, 2026, trimming its target from $122.00 to $116.00. Piper Sandler maintained a Neutral rating on October 19, 2026, lowering its target from $130.00 to $125.00. Overall, the stock carries a consensus buy rating and a mean target price of $138.45 across 22 analyst opinions.
About Blackstone
Blackstone Inc. is a New York-based alternative asset management firm focusing on private equity, real estate, hedge fund solutions, credit, and multi-asset strategies. The company manages investments for institutional and individual clients worldwide.
Bottom Line
AMF Tjanstepension's new investment brings fresh attention to Blackstone as the asset manager navigates changing market conditions. Investors will look to upcoming earnings reports and future 13F filings to see if other major institutions follow suit.
Related Filing Alerts
Source: AMF Tjanstepension's 13F filing on $BX (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts