[SCHEDULE 13G] Blackstone Digital Infrastructure Trust Inc. Passive Investment Disclosure (>5%)
Baron Capital reports 7.57% stake in Blackstone Digital
Baron Capital Group, Inc., BAMCO Inc., Baron Capital Management Inc., and Ronald Baron report beneficial ownership of Blackstone Digital Infrastructure Trust Inc. common stock.
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Baron Capital Group, Inc., BAMCO Inc., Baron Capital Management Inc., and Ronald Baron report beneficial ownership of Blackstone Digital Infrastructure Trust Inc. common stock. They collectively report 7,620,555 shares beneficially owned, representing 7.57% of the outstanding common stock, with no sole voting or dispositive power.
All reported authority relates to shared power to vote and dispose of these shares. BAMCO reports shared voting and dispositive power over 6,989,840 shares, and Baron Capital Management over 630,715 shares. The economic benefits from dividends and sale proceeds belong to advisory clients of BAMCO and Baron Capital Management, and to their knowledge no individual client holds more than 5% of the class.
Key Figures
Beneficial ownership:7,620,555 sharesPercent of class:7.57%BAMCO shared voting power:6,989,840 shares+3 more
6 metrics
Beneficial ownership7,620,555 sharesShares of common stock beneficially owned by Baron Capital Group, affiliates, and Ronald Baron
Percent of class7.57%Percentage of Blackstone Digital Infrastructure Trust common stock class beneficially owned
BAMCO shared voting power6,989,840 sharesShares over which BAMCO Inc. has shared voting and dispositive power
Baron Capital Management shared power630,715 sharesShares over which Baron Capital Management Inc. has shared voting and dispositive power
Sole voting power0 sharesSole power to vote or direct the vote reported by the Baron filing persons
Sole dispositive power0 sharesSole power to dispose or direct disposition reported by the Baron filing persons
Key Terms
beneficially owned, shared voting power, shared dispositive power, Investment Company Act of 1940, +1 more
5 terms
beneficially ownedfinancial
"Amount beneficially owned: 7,620,555"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared voting powerfinancial
"Shared Voting Power 7,620,555.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 7,620,555.00"
Investment Company Act of 1940regulatory
"shareholders of an investment company registered under the Investment Company Act of 1940"
A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.
percent of classfinancial
"Percent of class: 7.57 %"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Blackstone Digital Infrastructure Trust (BXDC) does Baron Capital report owning?
Baron Capital Group, its affiliates, and Ronald Baron report beneficial ownership of 7,620,555 shares of BXDC common stock, representing 7.57% of the outstanding class. This ownership is held with shared voting and dispositive power, not sole control.
How many BXDC shares does BAMCO Inc. report under this Schedule 13G?
BAMCO Inc. reports 6,989,840 BXDC shares with shared voting and shared dispositive power. It has no sole voting or dispositive power over these shares; authority is exercised on behalf of its investment advisory clients.
Who actually receives dividends and sale proceeds from the BXDC shares reported by Baron entities?
The advisory clients of BAMCO and Baron Capital Management have the right to receive, or direct the receipt of, dividends and sale proceeds from the BXDC common stock in their accounts. No such client is known to have more than 5% of the class.
Does Ronald Baron personally control more than 5% of BXDC stock?
Ronald Baron is deemed to beneficially own 7,620,555 BXDC shares, or 7.57%, through his controlling interest in Baron Capital Group. The filing reports shared, not sole, voting and dispositive power over these shares.
How are Baron Capital Group, BAMCO, and Baron Capital Management related in this BXDC filing?
BAMCO and Baron Capital Management are subsidiaries of Baron Capital Group, and Ronald Baron owns a controlling interest in Baron Capital Group. Together, these entities file jointly to report their combined beneficial ownership of BXDC common stock.
Does any single client of the Baron entities hold more than 5% of BXDC?
According to the filing, to the best of the filers’ knowledge, no advisory client of BAMCO or Baron Capital Management has an interest in more than 5% of BXDC’s outstanding common stock, even though the firms collectively report 7.57% beneficial ownership.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Blackstone Digital Infrastructure Trust Inc.
(Name of Issuer)
Common stock, par value $0.01 per share
(Title of Class of Securities)
09264B107
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
09264B107
1
Names of Reporting Persons
BAMCO INC /NY/
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NEW YORK
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
6,989,840.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
6,989,840.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
6,989,840.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.95 %
12
Type of Reporting Person (See Instructions)
IA, CO
SCHEDULE 13G
CUSIP Number(s):
09264B107
1
Names of Reporting Persons
Baron Capital Group, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NEW YORK
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
7,620,555.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,620,555.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,620,555.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.57 %
12
Type of Reporting Person (See Instructions)
CO, HC
SCHEDULE 13G
CUSIP Number(s):
09264B107
1
Names of Reporting Persons
Baron Capital Management, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NEW YORK
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
630,715.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
630,715.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
630,715.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.63 %
12
Type of Reporting Person (See Instructions)
IA, CO
SCHEDULE 13G
CUSIP Number(s):
09264B107
1
Names of Reporting Persons
Ronald Baron
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
7,620,555.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,620,555.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,620,555.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.57 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Blackstone Digital Infrastructure Trust Inc.
(b)
Address of issuer's principal executive offices:
C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK, NY, 10154
Item 2.
(a)
Name of person filing:
Baron Capital Group, Inc. ("BCG"),
BAMCO, Inc. ("BAMCO"),
Baron Capital Management, Inc. ("BCM"),
Ronald Baron
(b)
Address or principal business office or, if none, residence:
767 Fifth Avenue, 49th Floor,
New York, NY 10153
(c)
Citizenship:
BCG, BAMCO and BCM are New York corporations. Ronald Baron is a citizen of the United States.
(d)
Title of class of securities:
Common stock, par value $0.01 per share
(e)
CUSIP Number(s):
09264B107
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
7,620,555
(b)
Percent of class:
7.57 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
7,620,555
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
7,620,555
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The advisory clients of BAMCO and BCM have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Issuer's common stock in their accounts. To the best of the Filing Persons' knowledge, no such person has such interest relating to more than 5% of the outstanding class of securities.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
BAMCO and BCM are subsidiaries of BCG. Ronald Baron owns a controlling interest in BCG.
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Item 3.
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
