Why These 15 Big-Cap Stocks Are Plunging So Far in 2025

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10. Blackstone Inc (NYSE:BX)

Number of Hedge Fund Holders In Q4 2024: 67

Blackstone Inc (NYSE:BX) is the largest alternative asset manager.

The stock is down significantly so far in 2025 as its real estate segment has faced challenges due to rising borrowing costs and declining property valuations. The general market sentiment is bearish and it is dragging down most equities and alternative assets Blackstone is invested in.

The Fed is now holding higher for longer due to inflation not slowing as fast as expected.

Moreover, Blackstone withdrew from a high-profile deal to acquire a minority stake in India’s Haldiram’s snacks business due to disagreements over valuation and IPO timelines.

The consensus price target of $172.38 implies 14.46% upside.

BX stock is down 11.83% year-to-date.

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