What smart money is saying about S&P Global Inc.
9 funds in our archive have pitched S&P Global Inc., most recently Bretton Fund in September 2026.
S&P Global Inc., together with its subsidiaries, provides benchmarks, data, analytics, and workflow solutions in the global capital, energy and commodity, and automotive markets. It operates through five segments: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Energy, S&P Global Mobility, and S&P Dow Jones Indices. The S&P Global Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions. This segment offers Data, Analytics & Insights, a desktop product suite that provides data, analytics, and third-party research for global finance and corporate professionals; research, reference data, market data, derived analytics, and valuation services; enterprise solutions, such as software and workflow solutions; and credit and risk solutions for selling Ratings' credit ratings and related data and research, analytics, and financial risk solutions. The S&P Global Ratings segment operates as an independent provider of credit ratings, research, and analytics offering investors information and independent benchmarks for their investment and financial decisions as well as access to the capital markets. The S&P Global Energy segment provides information and benchmark prices for the energy and commodity markets. The S&P Global Mobility segment offers solutions for the full automotive value chain, including vehicle manufacturers, automotive suppliers, mobility service providers, retailers, consumers, and finance and insurance companies. The S&P Dow Jones Indices segment operates as an index provider that maintains various valuation and index benchmarks for investment advisors, wealth managers, and institutional investors. It has operations in the United States, European region, Asia, and internationally. S&P Global Inc. was founded in 1860 and is headquartered in New York, New York.
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Fund signal · last 12 months
30 lettersFunds are split between buying and selling
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q1 2025 and Q4 2026, 36 fund letters reported a position in S&P Global Inc., with 5 buys (opened or added) and 6 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q4 2026 | 1 | 0 | 1 | 0 |
| Q3 2026 | 11 | 2 | 3 | 4 |
| Q2 2026 | 14 | 2 | 2 | 3 |
| Q1 2026 | 3 | 1 | 0 | 1 |
| Q4 2025 | 1 | 0 | 0 | 1 |
| Q3 2025 | 3 | 0 | 0 | 0 |
| Q2 2025 | 1 | 0 | 0 | 0 |
| Q1 2025 | 2 | 0 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 36 positions · 11 moves
- ExitedAcatisOctober 2026
“S&P Global was sold mainly for valuation-related reasons.”
S&P Global Inc. - September 2026
“• De-rated structural growers, where high-quality businesses such as S&P Global and CVS Group trade on historically attractive valuations.”
S&P Global Inc. - New positionBrown Advisory U.S. Flexible Equity FundSeptember 2026
“In addition to Tyler Technologies, we initiated new positions in Boston Scientific and S&P Global, both of which we believe became available at attractive valuations because of shorter-term investor concerns.”
S&P Global Inc. - September 2026
Listed in WS Lindsell Train North American Equity Fund’s reported holdings.
S&P Global Inc. - September 2026
“SPGI remains a core Value Fund holding, and we support management’s decision to separate this non-core automotive data unit from the business.”
S&P Global Inc. - HoldsBretton FundSeptember 2026
“Mobility Global At the beginning of July, S&P Global spun off its automotive business into a separate company, Mobility Global. As a reminder, S&P Global is a data and analytics company.”
S&P Global Inc. - TrimmedAve Maria Funds Multi-FundSeptember 2026
“During the quarter, the Fund exited its investment in Rambus and reduced existing positions in Entegris, Inc., BE Semiconductor Industries N.V., Lowe’s Companies, Inc., Mastercard, Inc., O’Reilly Automotive, Inc., S&P Global, Inc., Texas Instruments, Inc., Shift4 Payments, Inc. and APi Group Corporation.”
S&P Global Inc. - ExitedFairtree Asset Management Global Equity FundSeptember 2026
“On the sell side, the largest reduction was to Microsoft, alongside trims to Fortinet, Evolution and Salesforce, while the Fund fully exited Thermo Fisher, S&P Global, Capgemini, Bid Corp and Zoetis, where the risk-reward or portfolio fit had become less compelling.”
S&P Global Inc. - September 2026
“S&P Global (SPGI) SPGI’s share price increased 3% during the third quarter and is down 1% year-to-date from our average cost as strong performance in S&P Global’s high-quality benchmark businesses has been overshadowed by concerns around the impact of AI on Market Intelligence and higher interest rates on Ratings growth.”
S&P Global Inc. - AddedTesys Value FISeptember 2026
“Lastly, weight has been increased in S&P Global, a company that holds a series of high-quality businesses, which when trading as a whole the market penalizes.”
S&P Global Inc. - September 2026
“A large majority of the portfolio is also invested in companies whose stocks have derated as investors rotated into AI stocks. We expect these investments (think S&P Global, CME Group, MSCI, LPL, TransDigm, Hermes, etc.), to serve as a ballast for the portfolio if the reverse were to happen.”
S&P Global Inc. - July 2026
Listed in WS Lindsell Train North American Equity Fund’s reported holdings.
S&P Global Inc. - June 2026
Listed in Montaka Global (Montaka Global Fund’s reported holdings.
S&P Global Inc. - June 2026
“we initiated a position in Boston Scientific in the health care sector and closed out of Parker- Hannifin in the industrials sector and S&P Global in the financials sector.”
S&P Global Inc. - June 2026
“S&P Global is the company behind the S&P 500 and the Dow Jones Industrial Indices. It is also a major ratings agency, responsible for rating the debt of corporations around the world. Together, those are two sterling businesses. S&P Global also owns three data businesses, and it’s here that the market has started doubting the company, leading it to trading for a ‘normal’ multiple at the price we bought. One of those data businesses is centered on energy, and is based on proprietary data and viewed as fairly safe from AI. Another is based on cars, including primarily CarFax. S&P Global is spinning this off as Mobility Global, and depending on how this trades after its July 1 st spin-off, we may buy more of those shares. The last is market intelligence, which is viewed as the Achilles’ heel. I’m cautious of continuing to bet against AI with the AI losers basket trade. I have a fondness if not a weakness for that basket. S&P’s good businesses are so good, though, and the threat from AI is at this stage still theoretical, and so I think it’s worth investing in.”
S&P Global Inc. - HoldsAve Maria FundsJune 2026
Listed in Ave Maria Funds’s reported holdings.
S&P Global Inc. - June 2026
“It was an unusual quarter from a performance attribution perspective. Information Technology (IT) was the only sector in the Index to outperform the Index, accounting for two-thirds of its total gain. The Fund’s entire 156bps shortfall relative to the Index could be attributed either to weak stock selection in IT, which detracted 279bps, or to weak stock selection in Financials, which cost an additional 227bps. Somehow, all 11 of our holdings classified as Financials, including Visa and Mastercard , which we view as digital railroads, and MSCI , Moody’s , and S&P Global , which we view as business services, detracted from our relative returns during the quarter.”
S&P Global Inc. - June 2026
“Our largest additions included the following names: CME Group, TSMC, Amazon, NVIDIA, Alphabet, Visa, ASML, S&P Global, Stevanato Group, and Brookfield.”
S&P Global Inc. - June 2026
“As at June 30, 2026, S&P Global Inc. securities were held in EdgePoint Global Portfolio, EdgePoint Canadian Portfolio, EdgePoint Global Growth & Income Portfolio and EdgePoint Canadian Growth & Income Portfolio.”
S&P Global Inc. - New positionPershing SquareJune 2026
“Earlier this year, we initiated a position in S&P Global, a business we have admired for decades and previously owned in 2017.”
S&P Global Inc. - TrimmedBaron Financials ETFJune 2026
“Top net sales for the quarter Quarter End Market Cap ($B) Net Amount Sold ($M) Intuit Inc. 71.4 1.0 S&P Global Inc. 123.5 0.6 Fair Isaac Corporation 27.7 0.5 Guidewire Software, Inc. 10.2 0.4 Alkami Technology Inc. 1.8 0.2 We trimmed Intuit Inc. due to concerns about market share loss in the consumer tax market. We trimmed S&P Global Inc. to manage the position size and fund purchases elsewhere.”
S&P Global Inc. - June 2026
“An example of divergence between narrative and fundamentals was in rating agencies such as S&P Global, where investors were concerned that it would be disrupted by AI, even though fundamentals have been robust with no negative impact from AI.”
S&P Global Inc. - HoldsMontaka Global FundJune 2026
Listed in Montaka Global Fund’s reported holdings.
S&P Global Inc. - June 2026
“Notable 2Q Detractors Information services companies remained squarely in the AI penalty box, as investors grappled with the potential impact of AI on a wide array of business models. In that vein, Accenture, Equifax, and S&P Global were among the Fund’s top detractors for the quarter.”
S&P Global Inc. - HoldsRIT Capital PartnersJune 2026
“Quoted Equities - direct: Stocks: Space Exploration Technologies Corp United States AI & advanced technologies 189.5 4.4% Legrand SA France Commercial services & supplies 35.0 0.8% Booking Holdings, Inc. United States E-commerce 29.3 0.7% Galderma Group AG Switzerland Healthcare 27.5 0.6% Mastercard, Inc. United States Software & services 26.4 0.6% The Travelers Companies, Inc. United States Insurance 25.0 0.6% S&P Global, Inc. United States Financial exchanges & data 23.3 0.5%”
S&P Global Inc. - HoldsHIX Capital Geo FlagshipJune 2026
Listed in HIX Capital Geo Flagship’s reported holdings.
S&P Global Inc. - March 2026
“London Stock Exchange Group (“LSEG”) and S&P Global operate critical financial market infrastructure.”
S&P Global Inc. - March 2026
“S&P Global S&P Global detracted from performance in the first quarter following weaker-than-expected guidance and the fourth quarter 2025 earnings miss.”
S&P Global Inc. - New positionWhite Brook CapitalMarch 2026
“S&P Global ($SPGI) is one of the financial market’s greatest toll businesses. White Brook bought a position during the first quarter when one of the quarter’s AI driven market 3 sell-offs drove the price from >$550 to ~$380 on the speculation that artificial intelligence will destroy its moat.”
S&P Global Inc. - December 2025
“Positioning for uncertainty and leaning into technology adopters While equities finished out 2025 with gains, the quarter and full year were marked by considerable periods of volatility. With continued risk of turbulence in the market, we have been tilting the portfolio toward a more defensive positioning while taking offensive positions in areas where our convictions are highest. Within our offensive positioning, we have taken advantage of market volatility to lean into secular trends through investing in AI beneficiaries including hyperscalers, semiconductors and attractive areas of software, which we view as an “anti-bubble” strategy. The portfolio’s largest absolute sector weight continues to be Information Technology, although we reduced our overweight to the Tech sector given the stocks’ outperformance. We added one new position during the quarter, the home- goods retailer Home Depot in Consumer Discretionary. While the company has long been the dominant player in its space, the stock experienced a bout of underperformance in recent periods in a weak housing market. However, we viewed the entry price as fairly attractive in relation to what we consider durable secular trends around aging in place and an eventual housing recovery in the next year and a half. We exited Financials holding Fiserv after the company underwent a change in management and reset its earnings algorithm. We continue to view AI as a generational demand driver, creating a durable need for faster, more powerful and energy-efficient computing. We are also leaning into “adopters” of technology that are poised for U.S. exceptionalism, such as Eli Lilly and Boston Scientific, that continue to innovate to improve patient outcomes. We favor life science tools companies such as Danaher and Thermo Fisher, which provide valuable equipment and services for clinical research. We have high conviction in Deere & Co., which is using precision agriculture to drive better outcomes for farmers. We also favor nonbank financials, such as information exchanges like S&P Global and Intercontinental Exchange, which are using AI to increase the value of their proprietary data.”
S&P Global Inc. - September 2025
“RELX Plc (REL) and S&P Global Inc. (SPGI) are prime examples of information moats: high-margin, recurring analytics revenue with embedded pricing power.”
S&P Global Inc. - September 2025
“S&P Global S&P Global detracted from performance in the third quarter as mixed trends highlighted in the company’s second quarter earnings report tempered an otherwise solid outlook.”
S&P Global Inc. - August 2025
Listed in Lindsell Train North American Equity Fund ’s reported holdings.
S&P Global Inc. - June 2025
“S&P Global (SPGI), a leading provider of financial information, analytics, and credit ratings, reported strong quarterly results in April, with revenue exceeding expectations due to robust performance in the Ratings and Indices businesses.”
S&P Global Inc. - March 2025
“An important but often overlooked component of our diversified approach is the balance provided by more defensive, durable compounder holdings that tend to hold up well in downturns. This was illustrated by longtime health care holdings Vertex Pharmaceuticals and UnitedHealth Group as well as Visa and exchange and financial data provider S&P Global.”
S&P Global Inc. - HoldsCovesto Patient CapitalMarch 2025
Listed in Covesto Patient Capital’s reported holdings.
S&P Global Inc.
Also mentioned · 8
These funds discuss S&P Global Inc. as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedWilkins Investment CounselSeptember 2026
“High frequency data comprising the Dallas Fed Weekly Economic Index shows an acceleration in activity over the past two months while the latest so- called “flash” purchasing manager data from S&P Global giving an early read on September climbed to the highest levels since July 2021.”
S&P Global Inc. - September 2026
“Mobility Global (MBGL) I mentioned Mobility Global last quarter, briefly, as a spin-off from S&P Global.”
S&P Global Inc. - September 2026
“We sold Mobility Global. We received a small position in the stock from the spinoff from S&P Global.”
S&P Global Inc. - MentionedLoomis Sayles Municipal SectorAugust 2026
“Utilities with stronger balance sheets and more competitive rates have also expanded rate stabilization funds to mitigate future affordability pressure. According to S&P Global, there is currently no observable correlation between five-year growth in data center power demand and residential rates, although that could become more challenging as wholesale power market/grid operators move closer to capacity limits.”
S&P Global Inc. - July 2026
“The letter has since been picked up by 2 several news outlets including S&P Global and American Banker.”
S&P Global Inc. - June 2026
“Why Quality Businesses Matter Now | YCG Wealth Management Skip to main content About Us Wealth Management Asset Management Insights Log In Let's Talk Home / Insights / Investment Letters Q2: Why owning quality businesses matters more than ever. June 30, 2026 By: Elliott Savage Our Q2 2026 Investment Letter examines why the market is more expensive and concentrated than ever, and explains why quality businesses trading at a discount represent a compelling opportunity. The S&P 500 Index returned 15.20% and the S&P Global Broad Market Index returned 14.93% in the quarter ended June 30, 2026. 1”
S&P Global Inc. - MentionedSteward AMJune 2025
“What We're Reading 12/09/2025 09:41 Steward Quarterly Highlights - 2nd Quarter 2025-1 https://7726540.hs-sites.com/steward-quarterly-highlights-2nd-quarter-2025-1 3/5 Milken Institute Global Conference 2025. Middle Market Private Equity: The Smart Money’s Next Move. Moderated by CAIA’s John L. Bowman and featuring R. David Andrews, Founder and Co-CEO, Gryphon Investors, Dean Mihas, Co-CEO and Managing Director, GTCR, Molly Murphy, Chief Investment Officer, OCERS, Scott Spielvogel, Managing Partner, One Rock Capital Partners and Andrew Weinberg, CEO, Brightstar Capital Partners. The Middle market continues to be a key area of focus for private equity firms looking to generate sustainable growth through strategic investments and operational enhancements. S&P Global. Malav Parekh. SME IT spending strategies for 2025 driven by AI adoption.”
S&P Global Inc. - MentionedRothshild&Co LongRun EquityMarch 2025
“The index industry itself is essentially a parallel monopoly with MSCI having an iron grip on international markets, S&P Global dominating in the U.S. and FTSE Russell leading in the U.K. and in U.S. small cap markets.”
S&P Global Inc.
Fund coverage · 9 theses
- Bretton FundSeptember 2026
S&P Global Inc. is a data-and-analytics business with sticky, moat-building products and a potentially attractive spinoff valuation in Mobility Global.
Read the full thesis - Pershing Square Holdings, Ltd.September 2026
S&P Global is held for its benchmark business quality, limited AI risk, Ratings growth from capex and M&A pipelines, mid-teens earnings compounding, and a 20 times earnings multiple for a portfolio of the world's best benchmark businesses.
Read the full thesis - Tesys Value FISeptember 2026
S&P Global combines credit ratings in a consolidated oligopoly, index ownership including the S&P 500, energy and financial data, all with recurring revenues and good competitive positions.
Read the full thesis - Brown Advisory U.S. Flexible Equity FundSeptember 2026
S&P Global is a durable financial data and ratings franchise whose valuation has compressed despite strong long-term growth prospects.
Read the full thesis - Pershing SquareJune 2026
S&P Global has dominant benchmark franchises, strong moat characteristics, and long-term earnings compounding potential despite AI concerns.
Read the full thesis - EdgePoint Global PortfolioJune 2026
S&P Global is viewed as a high-quality business that could see AI-driven growth acceleration, while trading at a discount to its historical valuation.
Read the full thesis S&P Global benefits from resilient fundamentals, potential AI-driven tailwinds, and an unusually depressed valuation relative to its historical premium.
Read the full thesis- Eagle Capital ManagementMarch 2026
S&P Global is a critical financial infrastructure company with dominant franchises, high margins, and AI-driven upside.
Read the full thesis - Baron Financials ETFDecember 2025
S&P Global Inc. is a leading ratings and data provider with strong tailwinds from issuance and data demand, supporting sustained organic growth, margin expansion, and double-digit EPS growth.
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