Anchor Investment Triples Stake in Blackstone Inc. (BX)

Blackstone Inc. (NYSE:BX) is among the high growth mega cap stocks you can buy and hold for the next 3 years. Anchor Investment Management LLC increased its holdings in Blackstone Inc. (NYSE:BX) by 275.4% in the first quarter, according to the latest 13F filing with the SEC. Following the purchase of 6,500 shares, the investment advisor now owns 8,860 shares of the company’s stock worth $1,238,000.

With a solid track record and a stellar management team, Blackstone Inc. (NYSE:BX) offers what very few do. In the last five years, the company has delivered 318.99%, a return that is nearly 3.3 times the market’s. While today many associate risk with the stock rather than reward, the company’s classic products, including BREIT and BXPE, are well-positioned to capitalize on the surge in retail and pension demand for private assets, thus driving its long-term growth.

Earlier last week, Blackstone Inc. (NYSE:BX) presented at the Barclays 23rd Annual Global Financial Services Conference, where management highlighted its confidence in the insurance space, which it called “a winning model”. Under the lowest risk, the open architecture multi-client model sets the company up to capture a $40 trillion global insurance market.

Blackstone Inc. (NYSE:BX) is a New York-based alternative asset management firm focusing on private equity, hedge fund solutions, and credit, among others. Founded in 1985, the company is committed to building sustainable businesses for long-term value.

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Disclosure: None.