A Schedule 13G (Amendment No. 2) was filed on November 6, 2026, by Blackstone-affiliated entities and Stephen A. Schwarzman disclosing beneficial ownership of 47,462,123 shares of Corebridge Financial, Inc. common stock as of September 30, 2026.

Key Highlights

  • Shares reported: 47,462,123 shares of Corebridge Financial common stock, par value $0.01 per share, beneficially owned by each of the six reporting persons.
  • Percent of class: 10.6% of Corebridge Financial common stock outstanding, based on 445,772,522 shares outstanding as of July 31, 2026.
  • Direct holder: Argon Holdco LLC directly holds all 47,462,123 shares; Blackstone Holdings II L.P. is the sole member of Argon Holdco LLC.
  • Voting and dispositive power: Each reporting person reports sole voting power and sole dispositive power over all 47,462,123 shares, with zero shared voting or dispositive power.
  • Reporting persons: Six entities and individuals are named: Argon Holdco LLC, Blackstone Holdings II L.P., Blackstone Holdings I/II GP L.L.C., Blackstone Inc., Blackstone Group Management L.L.C., and Stephen A. Schwarzman.
  • Triggering date: The event requiring this filing occurred on September 30, 2026.

Blackstone Affiliate Structure and Corebridge Ownership Chain

According to the filing, Argon Holdco LLC directly holds 47,462,123 shares of Corebridge Financial, Inc. (NYSE:CRBG) common stock as of September 30, 2026. The ownership chain, as described in the Schedule 13G, runs as follows: Blackstone Holdings II L.P. is the sole member of Argon Holdco LLC; Blackstone Holdings I/II GP L.L.C. serves as the general partner of Blackstone Holdings II L.P.; Blackstone Inc. is the sole member of Blackstone Holdings I/II GP L.L.C.; and Blackstone Group Management L.L.C. holds the Series II preferred stock of Blackstone Inc. Blackstone Group Management L.L.C. is, according to the filing, "wholly-owned by its senior managing directors and controlled by its founder, Stephen A. Schwarzman."

The filing states that each reporting person "may be deemed to beneficially own" the shares held directly by Argon Holdco LLC. However, the filing expressly notes that it should not be construed as an admission of beneficial ownership by any reporting person other than Argon Holdco LLC, and each reporting person "expressly disclaims beneficial ownership of such shares." The filing also states it "should not be construed to be an admission that any member of the Reporting Persons are members of a 'group'" under Sections 13(d) and 13(g) of the Securities Exchange Act of 1934.

The 10.6% ownership percentage is calculated using 445,772,522 shares of Corebridge Financial common stock outstanding as of July 31, 2026, as disclosed by the issuer in its Quarterly Report on Form 10-Q filed with the SEC on August 5, 2026, according to the filing. This is Amendment No. 2 to the Schedule 13G, with the principal business address of all reporting persons listed as c/o Blackstone Inc., 345 Park Avenue, New York, NY 10154.

What Was Disclosed

Six Blackstone-affiliated reporting persons, including Stephen A. Schwarzman, filed an amended Schedule 13G disclosing aggregate beneficial ownership of 47,462,123 shares of Corebridge Financial common stock, representing 10.6% of the class, as of September 30, 2026.