S&P GLOBAL INC SPGI
COM · Common Stock · CUSIP 78409V104 · ISIN US78409V1044
American publicly traded corporation, formerly McGraw Hill Financial, Inc
- SectorIndustrials
- IndustryServices-Consumer Credit Reporting, Collection Agencies
- HeadquartersNew York, NY
- Websitespglobal.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($517.8m this quarter). Holder counts are more reliable. Shares outstanding: 305.3m as of 2025-07-25, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $523.29. Options: 40 managers hold calls ($994.9m notional), 40 hold puts ($668.6m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,500 |
| Q4 2022 | 1,569 |
| Q1 2023 | 1,598 |
| Q2 2023 | 1,623 |
| Q3 2023 | 1,626 |
| Q4 2023 | 1,774 |
| Q1 2024 | 1,834 |
| Q2 2024 | 1,842 |
| Q3 2024 | 1,936 |
| Q4 2024 | 2,044 |
| Q1 2025 | 2,083 |
| Q2 2025 | 2,068 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 741 | 706 |
| Q4 2023 | 791 | 730 |
| Q1 2024 | 856 | 784 |
| Q2 2024 | 869 | 775 |
| Q3 2024 | 872 | 837 |
| Q4 2024 | 833 | 864 |
| Q1 2025 | 985 | 886 |
| Q2 2025 | 918 | 913 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $852.5m | $824.9m | 0.97 |
| Q4 2024 | $683.4m | $564.9m | 0.83 |
| Q1 2025 | $787.4m | $622.0m | 0.79 |
| Q2 2025 | $994.9m | $668.6m | 0.67 |
Biggest buyers
| BROADWATER CAPITAL MANAGEMENT LLC | Added | +1.9m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +1.5m |
| ROYAL BANK OF CANADA | Added | +1.3m |
| TCI FUND MANAGEMENT LTD | Added | +730.4k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +454.8k |
| Point72 Asset Management, L.P. | New | +419.3k |
| 1832 Asset Management L.P. | Added | +337.5k |
| VANGUARD GROUP INC | Added | +315.9k |
| ALLIANCEBERNSTEIN L.P. | Added | +315.0k |
| Balyasny Asset Management L.P. | Added | +270.3k |
Biggest sellers
| Capital Research Global Investors | Reduced | -928.6k |
| BlackRock, Inc. | Reduced | -800.1k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -538.7k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -489.4k |
| Capital International Investors | Reduced | -416.4k |
| Invesco Ltd. | Reduced | -337.9k |
| JPMORGAN CHASE & CO | Reduced | -314.8k |
| BROWN ADVISORY INC | Reduced | -285.6k |
| Clearbridge Investments, LLC | Reduced | -218.8k |
| Assenagon Asset Management S.A. | Reduced | -214.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $235.4m446.4k shares |
| ROYAL BANK OF CANADA | New | $166.5m315.8k shares |
| BANK OF AMERICA CORP /DE/ | Added | $92.6m175.6k shares |
| CITADEL ADVISORS LLC | Added | $84.5m160.3k shares |
| IMC-Chicago, LLC | Added | $53.3m101.0k shares |
| JANE STREET GROUP, LLC | Added | $52.6m99.8k shares |
| TORONTO DOMINION BANK | New | $47.5m90.0k shares |
| GROUP ONE TRADING LLC | Reduced | $44.5m84.3k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $25.0m47.5k shares |
| Twin Tree Management, LP | New | $21.2m40.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $192.4m364.9k shares |
| HSBC HOLDINGS PLC | Added | $101.0m193.1k shares |
| Marex Group Ltd | New | $52.7m100.0k shares |
| Twin Tree Management, LP | New | $52.3m99.2k shares |
| CITADEL ADVISORS LLC | Reduced | $32.4m61.5k shares |
| IMC-Chicago, LLC | Reduced | $18.3m34.8k shares |
| Qube Research & Technologies Ltd | Reduced | $16.8m31.8k shares |
| Allianz Asset Management GmbH | Reduced | $16.0m30.4k shares |
| Walleye Trading LLC | Reduced | $15.0m28.5k shares |
| CITIGROUP INC | New | $14.5m27.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.4% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 4 | $17.8m | $10.2m |
| Q4 2023 | 0 | — | 1 | $2.4m | $2.4m |
| Q1 2024 | 0 | — | 1 | $2.5m | — |
| Q2 2024 | 0 | — | 1 | $2.6m | $2.6m |
| Q3 2024 | 0 | — | 10 | $28.6m | — |
| Q4 2024 | 0 | — | 1 | $1.0m | $1.0m |
| Q1 2025 | 0 | — | 1 | $3.0m | — |
| Q2 2025 | 0 | — | 3 | $10.9m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-05-05 | Kemps Steven J EVP, Chief Legal Officer | Sold | $1.0m2.0k shares |
| 2025-05-05 | Moore Sally EVP, Chief Client Officer | Sold | $255.1k500 shares |
| 2025-05-01 | Peterson Douglas L. Director | Sold | $9.6m19.2k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.26% of their portfolio | 30.1m $15.9bn | Added +315.9k |
| BlackRock, Inc. 0.27% of their portfolio | 26.5m $14.0bn | Reduced -800.1k |
| STATE STREET CORP 0.28% of their portfolio | 14.1m $7.4bn | Reduced -160.8k |
| TCI FUND MANAGEMENT LTD 11.53% of their portfolio | 11.1m $5.8bn | Added +730.4k |
| MORGAN STANLEY 0.27% of their portfolio | 8.0m $4.2bn | Added +133.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.25% of their portfolio | 6.8m $3.6bn | Added +42.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.57% of their portfolio | 6.0m $3.1bn | Reduced -489.4k |
| FMR LLC 0.17% of their portfolio | 5.8m $3.1bn | Reduced -169.1k |
| BANK OF AMERICA CORP /DE/ 0.23% of their portfolio | 5.5m $2.9bn | Added +182.3k |
| NORGES BANK 0.27% of their portfolio | 4.2m $2.2bn | Added +137.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.37% of their portfolio | 3.4m $1.8bn | Added +254.3k |
| NORTHERN TRUST CORP 0.23% of their portfolio | 3.2m $1.7bn | Reduced -81.4k |
| ROYAL BANK OF CANADA 0.16% of their portfolio | 3.2m $1.7bn | Added +1.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.18% of their portfolio | 3.1m $1.6bn | Added +146.6k |
| WELLS FARGO & COMPANY/MN 0.32% of their portfolio | 2.8m $1.5bn | Added +5.7k |
| Capital International Investors 0.24% of their portfolio | 2.6m $1.4bn | Reduced -416.4k |
| GOLDMAN SACHS GROUP INC 0.22% of their portfolio | 2.6m $1.4bn | Reduced -135.3k |
| EDGEWOOD MANAGEMENT LLC 4.19% of their portfolio | 2.5m $1.3bn | Reduced -191.8k |
| Invesco Ltd. 0.22% of their portfolio | 2.5m $1.3bn | Reduced -337.9k |
| Legal & General Group Plc 0.28% of their portfolio | 2.1m $1.1bn | Added +26.9k |
| Amundi 0.39% of their portfolio | 2.1m $1.1bn | Reduced -75.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.19% of their portfolio | 2.1m $1.1bn | Added +35.6k |
| PARNASSUS INVESTMENTS, LLC 2.48% of their portfolio | 2.0m $1.1bn | Reduced -68.4k |
| Nuveen, LLC 0.29% of their portfolio | 2.0m $1.1bn | Reduced -170.3k |
| Bank of New York Mellon Corp 0.19% of their portfolio | 1.9m $996.7m | Reduced -144.0k |
| BROADWATER CAPITAL MANAGEMENT LLC 1.44% of their portfolio | 1.9m $1.9m | Added +1.9m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.77% of their portfolio | 1.8m $967.5m | Added +207.6k |
| Unisphere Establishment 7.64% of their portfolio | 1.8m $949.1m | Added +100.0k |
| Cantillon Capital Management LLC 5.37% of their portfolio | 1.8m $928.9m | Reduced -51.2k |
| Valley Forge Capital Management, LP 20.44% of their portfolio | 1.8m $925.4m | Unchanged |
| NEUBERGER BERMAN GROUP LLC 0.69% of their portfolio | 1.7m $893.5m | Added +88.5k |
| JPMORGAN CHASE & CO 0.06% of their portfolio | 1.6m $861.9m | Reduced -314.8k |
| AMERIPRISE FINANCIAL INC 0.21% of their portfolio | 1.6m $838.6m | Added +118.0k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.85% of their portfolio | 1.6m $819.7m | Added +1.5m |
| Sustainable Growth Advisers, LP 4.11% of their portfolio | 1.5m $796.1m | Reduced -26.1k |
| Fayez Sarofim & Co 1.90% of their portfolio | 1.5m $792.6m | Reduced -43.9k |
| UBS Group AG 0.16% of their portfolio | 1.4m $744.1m | Reduced -204.9k |
| DEUTSCHE BANK AG\ 0.23% of their portfolio | 1.2m $626.5m | Added +62.7k |
| MACKENZIE FINANCIAL CORP 0.80% of their portfolio | 1.2m $617.4m | Added +16.5k |
| FRANKLIN RESOURCES INC 0.16% of their portfolio | 1.1m $605.3m | Added +6.5k |
| Clearbridge Investments, LLC 0.47% of their portfolio | 1.1m $579.4m | Reduced -218.8k |
| Newport Trust Company, LLC 1.37% of their portfolio | 1.1m $571.7m | Reduced -10.3k |
| ALLIANCEBERNSTEIN L.P. 0.19% of their portfolio | 1.1m $570.1m | Added +315.0k |
| Longview Partners (Guernsey) LTD 4.81% of their portfolio | 1.1m $558.8m | Reduced -63.9k |
| Rothschild & Co Wealth Management UK Ltd 8.11% of their portfolio | 1.0m $545.9m | Added +18.9k |
| RAYMOND JAMES FINANCIAL INC 0.19% of their portfolio | 1.0m $544.6m | Reduced -8.5k |
| BARCLAYS PLC 0.21% of their portfolio | 1.0m $535.0m | Added +38.1k |
| HSBC HOLDINGS PLC 0.33% of their portfolio | 983.1k $516.9m | Reduced -7.9k |
| Swedbank AB 0.56% of their portfolio | 942.0k $496.7m | First filing |
| Ninety One UK Ltd 1.15% of their portfolio | 928.6k $489.6m | Added +7.6k |
| CIBC Private Wealth Group LLC 0.86% of their portfolio | 913.8k $481.8m | Reduced -2.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.37% of their portfolio | 913.2k $481.5m | Added +454.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.14% of their portfolio | 908.2k $478.9m | Reduced -18.6k |
| Allen Investment Management, LLC 4.91% of their portfolio | 854.8k $450.8m | Reduced -54.2k |
| Temasek Holdings (Private) Ltd 1.72% of their portfolio | 839.4k $442.6m | Added +52.3k |
| Capital World Investors 0.06% of their portfolio | 831.5k $438.4m | Added +79.4k |
| BAILLIE GIFFORD & CO 0.30% of their portfolio | 773.7k $407.9m | Reduced -22.5k |
| Bank Julius Baer & Co. Ltd, Zurich 1.19% of their portfolio | 761.9k $401.4m | Reduced -5.8k |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 745.2k $392.9m | Reduced -13.8k |
| BANK OF MONTREAL /CAN/ 0.20% of their portfolio | 735.9k $388.0m | Reduced -17.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.24% of their portfolio | 732.3k $386.1m | Reduced -1.4k |
| AMERICAN CENTURY COMPANIES INC 0.21% of their portfolio | 730.5k $385.2m | Reduced -26.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.35% of their portfolio | 730.3k $379.4m | Added +19.0k |
| Fiera Capital Corp 1.29% of their portfolio | 721.9k $380.6m | Reduced -15.8k |
| FLOSSBACH VON STORCH SE 1.55% of their portfolio | 720.5k $379.9m | Reduced -3.5k |
| LOOMIS SAYLES & CO L P 0.45% of their portfolio | 679.1k $358.1m | Added +2.4k |
| PNC Financial Services Group, Inc. 0.23% of their portfolio | 669.5k $353.0m | Reduced -3.9k |
| California Public Employees Retirement System 0.21% of their portfolio | 632.4k $333.5m | Added +15.6k |
| Corient Private Wealth LP 0.44% of their portfolio | 627.5k $330.9m | Reduced -16.4k |
| PineStone Asset Management Inc. 2.11% of their portfolio | 618.4k $326.1m | Reduced -4.7k |
| Qube Research & Technologies Ltd 0.45% of their portfolio | 617.1k $325.4m | Added +266.6k |
| Rathbones Group PLC 1.39% of their portfolio | 612.9k $323.2m | Added +23.1k |
| LAZARD ASSET MANAGEMENT LLC 0.44% of their portfolio | 609.4k $321.3m | Added +79.2k |
| Artisan Partners Limited Partnership 0.48% of their portfolio | 606.1k $319.6m | Reduced -91.4k |
| BESSEMER GROUP INC 0.51% of their portfolio | 600.8k $316.8m | Added +11.5k |
| RHUMBLINE ADVISERS 0.27% of their portfolio | 592.5k $312.4m | Reduced -5.0k |
| National Pension Service 0.27% of their portfolio | 589.0k $310.6m | Reduced -69.3k |
| ABN AMRO Bank N.V. 4.04% of their portfolio | 585.3k $310.3m | Added +7.3k |
| Findlay Park Partners LLP 3.18% of their portfolio | 584.5k $308.2m | Reduced -21.1k |
| Allianz Asset Management GmbH 0.41% of their portfolio | 583.6k $307.7m | Reduced -63.7k |
| C WorldWide Group Holding A/S 4.15% of their portfolio | 580.8k $306.2m | Reduced -102.7k |
| FIRST MANHATTAN CO. LLC. 0.86% of their portfolio | 578.8k $305.2m | Reduced -29.3k |
| Alecta Tjanstepension Omsesidigt 1.42% of their portfolio | 575.0k $303.0m | Unchanged |
| CANADA LIFE ASSURANCE Co 0.48% of their portfolio | 571.7k $301.8m | Reduced -41.9k |
| BlueSpruce Investments, LP 6.95% of their portfolio | 566.0k $298.5m | Reduced -212.4k |
| CITADEL ADVISORS LLC 0.26% of their portfolio | 559.2k $294.9m | Added +207.3k |
| CITIGROUP INC 0.20% of their portfolio | 546.5k $288.2m | Reduced -27.4k |
| BROWN BROTHERS HARRIMAN & CO 1.84% of their portfolio | 542.3k $285.9m | Reduced -5.6k |
| Robeco Institutional Asset Management B.V. 0.46% of their portfolio | 533.9k $281.5m | Reduced -149.9k |
| STIFEL FINANCIAL CORP 0.27% of their portfolio | 532.5k $280.8m | Reduced -3.3k |
| FIL Ltd 0.23% of their portfolio | 510.7k $269.3m | Added +55.4k |
| 1832 Asset Management L.P. 0.46% of their portfolio | 503.9k $265.7m | Added +337.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.46% of their portfolio | 495.2k $261.1m | Added +33.5k |
| Russell Investments Group, Ltd. 0.33% of their portfolio | 493.8k $259.9m | Reduced -55.8k |
| USS Investment Management Ltd 1.62% of their portfolio | 490.9k $258.8m | Added +1.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.29% of their portfolio | 490.9k $258.8m | Reduced -4.1k |
| Carmignac Gestion 3.79% of their portfolio | 467.1k $246.2m | Added +130.8k |
| COMGEST GLOBAL INVESTORS S.A.S. 4.03% of their portfolio | 447.8k $236.1m | Reduced -50.2k |
| Milestone Resources Group Ltd 12.07% of their portfolio | 438.7k $231.3m | Added +184.4k |
| PRUDENTIAL FINANCIAL INC 0.30% of their portfolio | 435.5k $229.6m | Reduced -18.8k |