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 ($339.9m this quarter). Holder counts are more reliable. Shares outstanding: 302.8m as of 2025-10-24, 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 ≈ $482.04. Options: 39 managers hold calls ($937.1m notional), 38 hold puts ($753.0m).
Trends to Q3 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 |
| Q3 2025 | 2,058 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q3 2025 | 919 | 895 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $683.4m | $564.9m | 0.83 |
| Q1 2025 | $787.4m | $622.0m | 0.79 |
| Q2 2025 | $994.9m | $668.6m | 0.67 |
| Q3 2025 | $937.1m | $753.0m | 0.80 |
Biggest buyers
| Lombard Odier Asset Management (Europe) Ltd | Added | +2.4m |
| JPMORGAN CHASE & CO | Added | +2.3m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +1.0m |
| Ninety One UK Ltd | Added | +952.8k |
| MILLENNIUM MANAGEMENT LLC | Added | +623.5k |
| MIZUHO MARKETS AMERICAS LLC | Added | +595.1k |
| Squarepoint Ops LLC | Added | +366.7k |
| Holocene Advisors, LP | Added | +339.9k |
| JANE STREET GROUP, LLC | Added | +339.6k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +274.3k |
Biggest sellers
| BROADWATER CAPITAL MANAGEMENT LLC | Reduced | -1.9m |
| ROYAL BANK OF CANADA | Reduced | -1.8m |
| FMR LLC | Reduced | -1.7m |
| BlackRock, Inc. | Reduced | -1.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -923.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -667.8k |
| Amundi | Reduced | -575.6k |
| Capital International Investors | Reduced | -494.0k |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -398.4k |
| Capital World Investors | Reduced | -254.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $224.6m461.5k shares |
| Balyasny Asset Management L.P. | Added | $149.4m307.0k shares |
| CITADEL ADVISORS LLC | Reduced | $70.0m143.9k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $66.0m135.6k shares |
| JANE STREET GROUP, LLC | Added | $53.3m109.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $44.4m91.2k shares |
| IMC-Chicago, LLC | Reduced | $44.4m91.2k shares |
| GROUP ONE TRADING LLC | Reduced | $38.1m78.2k shares |
| Bowie Capital Management, LLC | New | $34.1m70.0k shares |
| WOLVERINE TRADING, LLC | Added | $32.5m66.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $207.9m427.1k shares |
| UBS Group AG | Added | $80.4m165.1k shares |
| CITADEL ADVISORS LLC | Added | $68.9m141.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $52.5m107.9k shares |
| JPMORGAN CHASE & CO | Added | $50.9m104.6k shares |
| Marex Group Ltd | Unchanged | $48.7m100.0k shares |
| IMC-Chicago, LLC | Added | $32.8m67.4k shares |
| PEAK6 LLC | Added | $22.9m47.0k shares |
| JANE STREET GROUP, LLC | Added | $21.5m44.1k shares |
| CITIGROUP INC | Added | $20.0m41.0k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2025 | 1 | $6.0k | 2 | $2.1m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-10 | Eager William W President, S&P Global Mobility | Bought | $6.0k11 shares |
| 2025-08-08 | Saha Saugata President, Market Intelligence | Sold | $1.1m2.0k shares |
| 2025-08-06 | Tavernier Edouard President, S&P Global Mobility | Sold | $998.5k1.8k 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, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.22% of their portfolio | 30.3m $14.7bn | Added +161.7k |
| BlackRock, Inc. 0.22% of their portfolio | 25.3m $12.3bn | Reduced -1.2m |
| STATE STREET CORP 0.24% of their portfolio | 14.1m $6.9bn | Added +5.4k |
| TCI FUND MANAGEMENT LTD 10.33% of their portfolio | 11.2m $5.4bn | Added +98.2k |
| MORGAN STANLEY 0.24% of their portfolio | 8.1m $3.9bn | Added +75.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.21% of their portfolio | 6.9m $3.3bn | Added +70.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.53% of their portfolio | 6.2m $3.0bn | Added +274.3k |
| BANK OF AMERICA CORP /DE/ 0.19% of their portfolio | 5.3m $2.6bn | Reduced -225.4k |
| FMR LLC 0.10% of their portfolio | 4.1m $2.0bn | Reduced -1.7m |
| JPMORGAN CHASE & CO 0.06% of their portfolio | 3.9m $1.9bn | Added +2.3m |
| NORTHERN TRUST CORP 0.20% of their portfolio | 3.2m $1.5bn | Added +1.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.29% of their portfolio | 2.8m $1.3bn | Reduced -667.8k |
| WELLS FARGO & COMPANY/MN 0.28% of their portfolio | 2.8m $1.3bn | Reduced -12.5k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 1.13% of their portfolio | 2.6m $1.3bn | Added +1.0m |
| Lombard Odier Asset Management (Europe) Ltd 2.10% of their portfolio | 2.5m $41.0m | Added +2.4m |
| Invesco Ltd. 0.18% of their portfolio | 2.4m $1.2bn | Reduced -67.5k |
| GOLDMAN SACHS GROUP INC 0.17% of their portfolio | 2.4m $1.2bn | Reduced -215.7k |
| EDGEWOOD MANAGEMENT LLC 3.94% of their portfolio | 2.3m $1.1bn | Reduced -212.5k |
| Legal & General Group Plc 0.24% of their portfolio | 2.2m $1.1bn | Added +67.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.17% of their portfolio | 2.2m $1.1bn | Added +77.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.11% of their portfolio | 2.2m $1.1bn | Reduced -923.0k |
| Capital International Investors 0.17% of their portfolio | 2.1m $1.0bn | Reduced -494.0k |
| PARNASSUS INVESTMENTS, LLC 2.29% of their portfolio | 2.0m $989.1m | Reduced -4.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.69% of their portfolio | 2.0m $956.4m | Added +130.2k |
| Nuveen, LLC 0.25% of their portfolio | 1.9m $948.7m | Reduced -52.7k |
| Ninety One UK Ltd 1.00% of their portfolio | 1.9m $915.7m | Added +952.8k |
| Bank of New York Mellon Corp 0.16% of their portfolio | 1.9m $907.3m | Reduced -26.0k |
| Unisphere Establishment 6.87% of their portfolio | 1.8m $876.1m | Unchanged |
| Valley Forge Capital Management, LP 20.55% of their portfolio | 1.8m $854.2m | Unchanged |
| Cantillon Capital Management LLC 4.67% of their portfolio | 1.7m $848.1m | Reduced -19.2k |
| NEUBERGER BERMAN GROUP LLC 0.61% of their portfolio | 1.7m $837.4m | Added +25.6k |
| UBS Group AG 0.16% of their portfolio | 1.6m $800.1m | Added +232.7k |
| Amundi 0.24% of their portfolio | 1.6m $745.8m | Reduced -575.6k |
| Fayez Sarofim & Co 1.71% of their portfolio | 1.5m $735.3m | Added +6.9k |
| AMERIPRISE FINANCIAL INC 0.16% of their portfolio | 1.4m $697.6m | Reduced -148.3k |
| ROYAL BANK OF CANADA 0.12% of their portfolio | 1.3m $652.5m | Reduced -1.8m |
| Sustainable Growth Advisers, LP 3.69% of their portfolio | 1.3m $629.6m | Reduced -216.2k |
| DEUTSCHE BANK AG\ 0.19% of their portfolio | 1.2m $563.2m | Reduced -30.9k |
| FRANKLIN RESOURCES INC 0.14% of their portfolio | 1.1m $553.4m | Reduced -11.0k |
| MACKENZIE FINANCIAL CORP 0.67% of their portfolio | 1.1m $553.2m | Reduced -34.2k |
| ALLIANCEBERNSTEIN L.P. 0.17% of their portfolio | 1.1m $533.9m | Added +15.9k |
| Clearbridge Investments, LLC 0.40% of their portfolio | 1.1m $528.5m | Reduced -13.1k |
| Newport Trust Company, LLC 1.20% of their portfolio | 1.1m $526.1m | Reduced -3.3k |
| Rothschild & Co Wealth Management UK Ltd 8.23% of their portfolio | 1.1m $511.6m | Added +15.8k |
| HSBC HOLDINGS PLC 0.30% of their portfolio | 1.0m $502.3m | Added +50.4k |
| RAYMOND JAMES FINANCIAL INC 0.16% of their portfolio | 1.0m $498.0m | Reduced -9.7k |
| Temasek Holdings (Private) Ltd 1.63% of their portfolio | 958.2k $466.4m | Added +118.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.13% of their portfolio | 938.3k $456.7m | Added +30.1k |
| Swedbank AB 0.45% of their portfolio | 921.6k $448.6m | Reduced -20.4k |
| CIBC Private Wealth Group LLC 0.75% of their portfolio | 905.5k $440.7m | Reduced -8.3k |
| Longview Partners (Guernsey) LTD 4.39% of their portfolio | 862.6k $419.9m | Reduced -197.2k |
| BARCLAYS PLC 0.15% of their portfolio | 812.5k $395.4m | Reduced -202.1k |
| Artisan Partners Limited Partnership 0.56% of their portfolio | 800.4k $389.6m | Added +194.3k |
| CITADEL ADVISORS LLC 0.31% of their portfolio | 792.8k $385.9m | Added +233.6k |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 769.7k $374.7m | Added +24.5k |
| Bank Julius Baer & Co. Ltd, Zurich 1.05% of their portfolio | 766.3k $372.9m | Added +4.4k |
| Holocene Advisors, LP 0.86% of their portfolio | 766.0k $372.8m | Added +339.9k |
| BAILLIE GIFFORD & CO 0.27% of their portfolio | 760.2k $370.0m | Reduced -13.4k |
| AMERICAN CENTURY COMPANIES INC 0.19% of their portfolio | 748.7k $364.4m | Added +18.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.21% of their portfolio | 746.8k $363.5m | Added +14.6k |
| Fiera Capital Corp 1.17% of their portfolio | 745.7k $363.0m | Added +23.9k |
| Allen Investment Management, LLC 3.99% of their portfolio | 738.3k $359.3m | Reduced -116.6k |
| FLOSSBACH VON STORCH SE 1.40% of their portfolio | 731.3k $355.9m | Added +10.8k |
| Carmignac Gestion 5.23% of their portfolio | 720.4k $350.7m | Added +253.3k |
| BANK OF MONTREAL /CAN/ 0.15% of their portfolio | 712.2k $346.6m | Reduced -23.7k |
| LOOMIS SAYLES & CO L P 0.39% of their portfolio | 671.6k $326.9m | Reduced -7.5k |
| PNC Financial Services Group, Inc. 0.20% of their portfolio | 670.8k $326.5m | Added +1.3k |
| ABN AMRO Bank N.V. 3.20% of their portfolio | 670.6k $325.5m | Added +85.3k |
| MILLENNIUM MANAGEMENT LLC 0.26% of their portfolio | 670.3k $326.2m | Added +623.5k |
| LAZARD ASSET MANAGEMENT LLC 0.42% of their portfolio | 646.3k $314.6m | Added +36.9k |
| California Public Employees Retirement System 0.19% of their portfolio | 641.1k $312.0m | Added +8.6k |
| BlueSpruce Investments, LP 7.09% of their portfolio | 634.7k $308.9m | Added +68.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.27% of their portfolio | 626.4k $304.2m | Reduced -103.9k |
| Rathbones Group PLC 1.23% of their portfolio | 624.7k $304.1m | Added +11.8k |
| FIRST MANHATTAN CO. LLC. 0.80% of their portfolio | 618.5k $301.0m | Added +39.7k |
| National Pension Service 0.23% of their portfolio | 607.4k $295.6m | Added +18.4k |
| PineStone Asset Management Inc. 1.83% of their portfolio | 602.9k $293.4m | Reduced -15.6k |
| BESSEMER GROUP INC 0.45% of their portfolio | 598.7k $291.4m | Reduced -2.1k |
| MIZUHO MARKETS AMERICAS LLC 6.11% of their portfolio | 595.6k $289.9m | Added +595.1k |
| Robeco Institutional Asset Management B.V. 0.41% of their portfolio | 583.5k $284.0m | Added +49.6k |
| RHUMBLINE ADVISERS 0.23% of their portfolio | 580.2k $282.4m | Reduced -12.3k |
| CANADA LIFE ASSURANCE Co 0.41% of their portfolio | 580.1k $284.9m | Added +8.4k |
| Capital World Investors 0.04% of their portfolio | 577.1k $280.9m | Reduced -254.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.20% of their portfolio | 575.3k $280.0m | Added +145.3k |
| Findlay Park Partners LLP 2.94% of their portfolio | 574.1k $279.4m | Reduced -10.4k |
| Allianz Asset Management GmbH 0.34% of their portfolio | 561.9k $273.5m | Reduced -21.8k |
| FIL Ltd 0.21% of their portfolio | 560.5k $272.8m | Added +49.8k |
| Corient Private Wealth LP 0.42% of their portfolio | 552.7k $269.0m | Reduced -74.8k |
| Assenagon Asset Management S.A. 0.39% of their portfolio | 541.8k $263.7m | Added +264.5k |
| STIFEL FINANCIAL CORP 0.24% of their portfolio | 535.0k $260.4m | Added +2.5k |
| BROWN BROTHERS HARRIMAN & CO 1.57% of their portfolio | 530.8k $258.3m | Reduced -11.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.20% of their portfolio | 514.8k $250.5m | Reduced -398.4k |
| Alecta Tjanstepension Omsesidigt 1.10% of their portfolio | 508.0k $247.1m | Reduced -67.0k |
| Point72 Asset Management, L.P. 0.53% of their portfolio | 498.9k $242.8m | Added +79.7k |
| Milestone Resources Group Ltd 12.18% of their portfolio | 498.3k $242.5m | Added +59.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.25% of their portfolio | 497.1k $242.0m | Added +6.2k |
| MACQUARIE GROUP LTD 0.28% of their portfolio | 492.9k $239.9m | Added +91.7k |
| USS Investment Management Ltd 1.15% of their portfolio | 490.9k $238.9m | Unchanged |
| C WorldWide Group Holding A/S 3.66% of their portfolio | 488.0k $237.5m | Reduced -92.8k |
| 1832 Asset Management L.P. 0.40% of their portfolio | 487.5k $237.3m | Reduced -16.4k |