Tesla, Oatly, Didi Global, PaySafe — How Blackstone Adjusted Its Portfolio In Q2

Private equity giant Blackstone Inc BX exercised some put options in Tesla Inc TSLA and revealed fresh stakes in Didi Global Inc DIDI and Oatly Group OTLY, besides significantly lowering exposure in PaySafe Ltd PSFE in the second quarter, regulatory filings revealed on Wednesday.

The Key Trades: Stephen Schwarzman-led Blackstone had 500,000 put options in Tesla - worth $339.85 million- in the quarter ended June, compared to 545,200 in the previous quarter.

Tesla shares, which have slipped 2.33% since the start of the year, closed 3.50% higher at $688.99 on Wednesday. 

See Also: Tesla, Facebook, Twitter, Howmet Aerospace, Snapchat, Pinterest: How Paul Singer's Elliott Management Adjusted Its Portfolio In Q2

The New York-based firm picked up 2.35 million shares, worth $33.3 million, in ride-hailing giant Didi Global. 

Shares of the Beijing-headquartered Didi Global, which got listed in the U.S. in late June, have been under a storm amid an increasing regulatory crackdown in the country.

Didi shares have plunged 44% since its U.S. listing on June 30 and closed 6.49% lower at $7.92 on Wednesday.

The private equity firm cut its exposure in payments platform Paysafe by 23% to 123.79 million shares - worth about $1.5 billion - in the quarter ended June.

Paysafe on Monday agreed to acquire SafetyPay for $441 million in an all-cash transaction. Shares of the company have fallen 44.5% so far this year and closed 1.53% lower at $8.38 on Wednesday. 

With over $44 billion portfolio at the quarter ended June, Blackstone also picked up 31.9 million shares, worth $780.5 million, in the Oprah Winfrey-backed Swedish plant-based milk maker Oatly.

Oatly shares, which went public in May, closed 4.83% lower at $15.16 on Wednesday.

See Also: Oatly Group Stock Gains On Solid FY21 Revenue Outlook