S&P Global Inc. (NYSE: SPGI) is one of the world’s most influential financial information providers, known for its credit ratings, benchmark indices, and Market Intelligence platforms. Shares recently traded near $491, giving the company a market value of about $148.8B.
Founded by Henry Varnum Poor, S&P Global has become a core holding for institutions that depend on steady recurring revenue, strong pricing power, and reliable long term margins. Understanding who owns S&P Global today provides insight into how both passive giants and active managers view its earnings trajectory.
Recent insider filings add another layer of context, offering a closer look at how company leadership may be managing their exposure to the stock.
Who Are S&P Global’s Top Shareholders?

S&P Global’s shareholder base is dominated by passive funds that tend to hold through market cycles, supporting long term ownership stability. Active managers made selective changes, indicating varied views on valuation and near term credit market conditions.
S&P Global’s Largest Shareholders
- The Vanguard Group: 30,112,492 shares (9.94%), ~$14.79B value. Added 156,599 shares (+0.52%).
- BlackRock Institutional Trust: 14,536,235 shares (4.80%), ~$7.14B value. Cut 6,460 shares (0.04%).
- State Street Investment Management: 14,102,389 shares (4.66%), ~$6.93B value. Added 5,418 shares (+0.04%).
- TCI Fund Management: 11,189,870 shares (3.70%), ~$5.50B value. Added 98,247 shares (+0.89%).
- Geode Capital Management: 6,864,149 shares (2.27%), ~$3.37B value. Added 70,867 shares (+1.04%).
- Wellington Management: 6,231,644 shares (2.06%), ~$3.06B value. Added 274,285 shares (+4.60%).
- Norges Bank Investment Management: 4,151,311 shares (1.37%), ~$2.04B value. Added 687,496 shares (+19.85%).
- Managed Account Advisors: 3,886,723 shares (1.28%), ~$1.91B value. Cut 214,094 shares (5.22%).
- Fidelity Management & Research: 3,693,163 shares (1.22%), ~$1.81B value. Cut 1,233,139 shares (25.03%).
- BlackRock Asset Management Ireland: 3,064,542 shares (1.01%), ~$1.51B value. Cut 239,574 shares (7.25%).
These holdings show S&P Global remains anchored by long term institutional investors, while selective trimming and accumulation among active managers appears to reflect different approaches to credit market uncertainty, which for investors signals a stable but dynamic ownership structure.
Hedge Fund Highlights
One highlight from last quarter is Squarepoint Ops, which lifted its S&P Global position by roughly 3523%, adding about 366.7k shares. The firm now holds around 377.13k shares valued near $183.55M, which may reflect growing confidence in SPGI’s vital role across global financial markets.
Another notable move comes from Capula Management, which increased its SPGI stake by about 2269%, adding roughly 2.70k shares to reach 2.82k shares worth about $1.37M. This shift appears to show interest in SPGI’s steady margin profile during credit market volatility.
Jane Street Group also materially expanded its position, raising its holdings by around 1375% through the addition of nearly 339.6k shares. Jane Street now owns about 364.32k shares valued near $177.32M, suggesting it sees opportunity tied to SPGI’s index driven trading ecosystem.
Millennium Management likewise added aggressively, increasing its stake by about 1333% with the purchase of roughly 623.5k shares. The firm now holds 670.29k shares worth about $326.24M, indicating some multi strategy investors may be leaning more positively on SPGI’s recurring revenue and long term earnings durability.
Together these moves show that several hedge funds appear to be positioning more constructively around S&P Global’s long term growth outlook, which for investors reinforces confidence in the company’s competitive advantages and steady cash generation.
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S&P Global’s Recent Insider Trades

Insider activity offers small signals about how leaders may be thinking about valuation, though the motivations behind these trades are not confirmed. Recent filings show mostly small and scattered transactions.
Recent Insider Activity
- Christina Twomey (Director): Sold 188 shares on 10/31/25 at ~$487.21 and sold 65 shares at ~$487.21.
- Girish Ganesan (Officer): Sold 181 shares on 9/30/25 at ~$481.67 and sold 73 shares at ~$481.67.
- William Eager (Officer): Recorded 1,190 shares on 8/14/25.
- Saugata Saha (Officer): Sold 2,000 shares on 8/7/25 at ~$561.12.
- Edouard Tavernier (Officer): Sold 1,799 shares on 8/5/25 at ~$555.
- Yann Le Pallec (Officer): Sold 407 shares on 7/31/25 and sold 217 shares at ~$545.66.
- Robert Kelly (Director): Recorded 0 shares on 6/17/25.
These transactions are small relative to S&P Global’s size and appear like they may be connected to compensation timing or personal financial planning rather than a broad shift in sentiment, which for investors suggests insider activity remains neutral.
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What the Ownership & Insider Trade Data Tell Us
S&P Global’s ownership mix reflects sustained institutional conviction, supported by meaningful hedge fund accumulation in recent quarters. Insider activity remains modest and does not point to any clear sentiment shift. For investors this combination reinforces the view that S&P Global continues to be treated as a long duration compounder with resilient margins, predictable recurring revenue, and strategic relevance across global financial markets.
The broader implication is that the shareholder base appears well aligned with the nature of the business itself: asset light, cash generative, and structurally positioned at the center of capital formation and index driven investing.
Large passive holders provide stability, while hedge fund additions suggest that more opportunistic managers may see improving risk reward as credit issuance normalizes and data demand remains firm. Together, these signals indicate an ownership structure that supports steady long term value creation.
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