Blackstone (BX)

Hold Recap: Q2 2026

AI Carries a 26% Quarter and Credit Stops Falling, But BCRED Hits Its Redemption Cap

Hold Recap: Q1 2026

BCRED Turns to Net Outflows: The Trigger We Set Fires, and We Step Back to Hold

Outperform Recap: Q4 2025

The Best Year in Forty, Sold for a Third Straight Quarter: Record DE, Cheaper Stock

Outperform Recap: Q3 2025

DE Surges 48% as the Deal Dam Breaks, and a Private-Credit Panic Hands Us a Better Entry

Hold Recap: Q2 2025

Record $1.2 Trillion AUM and a 31% FRE Surge, But the Realization Spring Is Still Coiled