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S&P Global

2,052 hedge funds and large institutions have $127B invested in S&P Global in 2025 Q3 according to their latest regulatory filings, with 154 funds opening new positions, 786 increasing their positions, 765 reducing their positions, and 130 closing their positions.

New
Increased
Maintained
Reduced
Closed

28% more call options, than puts

Call options by funds: $919M | Put options by funds: $716M

18% more first-time investments, than exits

New positions opened: 154 | Existing positions closed: 130

3% more repeat investments, than reductions

Existing positions increased: 786 | Existing positions reduced: 765

0% less funds holding

Funds holding: 2,0622,052 (-10)

1.4% less ownership

Funds ownership: 87.52%86.13% (-1.4%)

6% less funds holding in top 10

Funds holding in top 10: 8075 (-5)

11% less capital invested

Capital invested by funds: $142B → $127B (-$15.4B)

Holders
2,052
Holders Change
-10
Holders Change %
-0.48%
% of All Funds
26.93%
Holding in Top 10
75
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-6.25%
% of All Funds
0.98%
New
154
Increased
786
Reduced
765
Closed
130
Calls
$919M
Puts
$716M
Net Calls
+$202M
Net Calls Change
-$40.5M
Name Holding Trade Value Shares
Change
Change in
Stake
RAM
226
Resona Asset Management
Japan
$59M +$5.14M +9,595 +9%
AV
227
ASR Vermogensbeheer
Netherlands
$58.6M +$1.97M +3,681 +3%
MSV
228
MN Services Vermogensbeheer
Netherlands
$58M +$1.07M +2,000 +2%
CA
229
Cullinan Associates
Kentucky
$57.5M -$2.78M -5,200 -4%
BCWM
230
Bartlett & Co Wealth Management
Ohio
$57.4M -$506K -945 -0.8%
NAM
231
Nissay Asset Management
Japan
$56M -$16.2M -30,337 -21%
VDI
232
Vaughan David Investments
Illinois
$55.8M -$1.32M -2,462 -2%
GF
233
Gabelli Funds
New York
$55.6M -$1.94M -3,630 -3%
SO
234
STRS Ohio
Ohio
$55.1M -$6.39M -11,935 -10%
NB
235
Norinchukin Bank
Japan
$54.2M -$900K -1,681 -1%
State of New Jersey Common Pension Fund D
236
State of New Jersey Common Pension Fund D
New Jersey
$53.8M +$2.17M +4,059 +4%
Fifth Third Bancorp
237
Fifth Third Bancorp
Ohio
$53.1M -$138K -257 -0.2%
VF
238
Vest Financial
Virginia
$52.9M -$4.95M -9,252 -8%
Northwestern Mutual Wealth Management
239
Northwestern Mutual Wealth Management
Wisconsin
$52.4M -$13.4M -25,002 -19%
Teacher Retirement System of Texas
240
Teacher Retirement System of Texas
Texas
$52.2M -$9.06M -16,928 -14%
Calamos Advisors
241
Calamos Advisors
Illinois
$51.6M -$7.69M -14,368 -12%
CF
242
Cypress Funds
California
$51.4M
BHIA
243
Birch Hill Investment Advisors
Massachusetts
$51.4M +$228K +426 +0.4%
Rafferty Asset Management
244
Rafferty Asset Management
New York
$50.6M -$197K -368 -0.4%
BCIM
245
British Columbia Investment Management
British Columbia, Canada
$50.6M -$21M -39,279 -27%
JIC
246
Johnson Investment Counsel
Ohio
$49.4M -$1.29M -2,417 -2%
HCM
247
Howland Capital Management
Massachusetts
$49.2M -$698K -1,304 -1%
Marshall Wace
248
Marshall Wace
United Kingdom
$49.2M -$31.7M -59,124 -37%
MG
249
Marex Group
$48.8M +$94.8K +177 +0.2%
RFC
250
Regions Financial Corp
Alabama
$48.3M +$801K +1,495 +2%

SPGI Hedge Fund Activity: Q3 2025 in Review

2,052 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in S&P Global (SPGI) for Q3 2025, worth a combined $127B — down 11% from $142B a quarter earlier.

Buyers outnumbered sellers: 154 funds opened new SPGI positions and 130 closed out — a net gain of 24 holders — while 786 added to existing stakes and 765 trimmed.

The largest buyer was Lombard Odier Asset Management (Europe), adding an estimated $1.31B. The largest seller was Broadwater Capital, cutting an estimated $992M.

  • 2,052 institutional investors held S&P Global (SPGI) as of Q3 2025, down from 2,062 in Q2 2025.
  • Funds reported $127B of S&P Global stock for Q3 2025, down 11% quarter-over-quarter.
  • 154 funds opened new S&P Global positions in Q3 2025 and 130 closed out, a net change of +24 holders.
  • The largest S&P Global buyer in Q3 2025 was Lombard Odier Asset Management (Europe), an estimated $1.31B added.
  • The largest S&P Global seller in Q3 2025 was Broadwater Capital, an estimated $992M sold.

Based on aggregated 13F filings for Q3 2025.