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S&P Global

2,075 hedge funds and large institutions have $136B invested in S&P Global in 2025 Q1 according to their latest regulatory filings, with 188 funds opening new positions, 819 increasing their positions, 765 reducing their positions, and 122 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more first-time investments, than exits

New positions opened: 188 | Existing positions closed: 122

27% more call options, than puts

Call options by funds: $787M | Put options by funds: $622M

4% more funds holding in top 10

Funds holding in top 10: 7073 (+3)

2% more funds holding

Funds holding: 2,0382,075 (+37)

7% more repeat investments, than reductions

Existing positions increased: 819 | Existing positions reduced: 765

1% more capital invested

Capital invested by funds: $134B → $136B (+$1.45B)

1.55% less ownership

Funds ownership: 86.86%85.3% (-1.6%)

Holders
2,075
Holders Change
+37
Holders Change %
+1.82%
% of All Funds
27.83%
Holding in Top 10
73
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+4.29%
% of All Funds
0.98%
New
188
Increased
819
Reduced
765
Closed
122
Calls
$787M
Puts
$622M
Net Calls
+$165M
Net Calls Change
+$47M
Name Holding Trade Value Shares
Change
Change in
Stake
VDI
226
Vaughan David Investments
Illinois
$59.6M +$46K +90 +0.1%
OCBV
227
Ownership Capital B.V.
Netherlands
$59.4M -$11.1M -21,763 -16%
JIC
228
Johnson Investment Counsel
Ohio
$58.2M -$6.48M -12,680 -10%
SFG
229
Sather Financial Group
Texas
$57.3M -$5.62M -11,006 -9%
Fifth Third Bancorp
230
Fifth Third Bancorp
Ohio
$56.3M -$2.89M -5,655 -5%
DADC
231
D.A. Davidson & Co
Montana
$56.2M -$373K -730 -0.7%
VF
232
Vest Financial
Virginia
$55.8M -$3.59M -7,024 -6%
EWA
233
EP Wealth Advisors
California
$55.8M +$510K +998 +0.9%
State of New Jersey Common Pension Fund D
234
State of New Jersey Common Pension Fund D
New Jersey
$54.4M -$5.69M -11,143 -9%
RAM
235
Resona Asset Management
Japan
$53.9M +$3.7M +7,248 +7%
CF
236
Cypress Funds
California
$53.7M
NB
237
Norinchukin Bank
Japan
$53.5M +$1.43M +2,807 +3%
LF
238
Lansforsakringar Fondforvaltning
Sweden
$52.8M -$1.45M -2,831 -3%
BHIA
239
Birch Hill Investment Advisors
Massachusetts
$52.8M +$603K +1,181 +1%
HCM
240
Howland Capital Management
Massachusetts
$52.7M -$703K -1,375 -1%
Rafferty Asset Management
241
Rafferty Asset Management
New York
$52.5M -$4.47M -8,752 -8%
FDCDDQ
242
Federation des caisses Desjardins du Quebec
Quebec, Canada
$51.1M +$12.2M +23,903 +31%
Two Sigma Advisers
243
Two Sigma Advisers
New York
$50.6M +$50.6M +99,058 +22,111%
CGPCS
244
Capital Group Private Client Services
California
$50.4M -$427K -836 -0.8%
ASRS
245
Arizona State Retirement System
Arizona
$50.1M +$2.97M +5,816 +6%
RFC
246
Regions Financial Corp
Alabama
$49.7M +$362K +708 +0.7%
CP
247
Cumberland Partners
Ontario, Canada
$49.3M -$727K -1,423 -1%
ICP
248
Ironvine Capital Partners
Nebraska
$48.8M -$626K -1,225 -1%
BEI
249
Benjamin Edwards Inc
Missouri
$48.8M +$6.36M +12,442 +15%
UCFA
250
United Capital Financial Advisors
Texas
$48.3M -$4M -7,819 -8%

SPGI Hedge Fund Activity: Q1 2025 in Review

2,075 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in S&P Global (SPGI) for Q1 2025, worth a combined $136B — up 1.1% from $134B a quarter earlier.

Buyers outnumbered sellers: 188 funds opened new SPGI positions and 122 closed out — a net gain of 66 holders — while 819 added to existing stakes and 765 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $832M. The largest seller was Capital International Investors, cutting an estimated $1.53B.

  • 2,075 institutional investors held S&P Global (SPGI) as of Q1 2025, up from 2,038 in Q4 2024.
  • Funds reported $136B of S&P Global stock for Q1 2025, up 1.1% quarter-over-quarter.
  • 188 funds opened new S&P Global positions in Q1 2025 and 122 closed out, a net change of +66 holders.
  • The largest S&P Global buyer in Q1 2025 was Morgan Stanley, an estimated $832M added.
  • The largest S&P Global seller in Q1 2025 was Capital International Investors, an estimated $1.53B sold.

Based on aggregated 13F filings for Q1 2025.