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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
Zurich Cantonal Bank
126
Zurich Cantonal Bank
Switzerland
$155M -$22.5M -44,100 -13%
State Board of Administration of Florida Retirement System
127
State Board of Administration of Florida Retirement System
Florida
$154M +$833K +1,630 +0.5%
LPL Financial
128
LPL Financial
California
$149M +$12.5M +24,422 +9%
GCM
129
Gates Capital Management
New York
$146M
APG Asset Management
130
APG Asset Management
Netherlands
$145M +$9M +17,615 +6%
Man Group
131
Man Group
United Kingdom
$144M +$19M +37,092 +15%
A
132
AustralianSuper
Australia
$143M -$106M -206,963 -42%
Victory Capital Management
133
Victory Capital Management
Texas
$141M +$3.62M +7,088 +3%
BNP Paribas Asset Management
134
BNP Paribas Asset Management
France
$140M +$42.3M +82,689 +43%
Adage Capital Partners
135
Adage Capital Partners
Massachusetts
$140M -$920K -1,800 -0.6%
UBP
136
Union Bancaire Privee
Switzerland
$139M -$6.73M -13,177 -4%
DB
137
Danske Bank
Denmark
$138M -$7.11M -13,909 -5%
Nomura Asset Management
138
Nomura Asset Management
Japan
$137M -$896K -1,753 -0.6%
Baird Financial Group
139
Baird Financial Group
Wisconsin
$135M -$853K -1,669 -0.6%
US Bancorp
140
US Bancorp
Minnesota
$133M -$3.42M -6,699 -2%
Schroder Investment Management Group
141
Schroder Investment Management Group
United Kingdom
$131M +$1.83M +3,575 +1%
Natixis Advisors
142
Natixis Advisors
Massachusetts
$131M +$10.6M +20,778 +9%
Allspring Global Investments
143
Allspring Global Investments
North Carolina
$131M -$77.4M -151,420 -37%
MRG
144
Milestone Resources Group
British Virgin Islands
$129M
New York State Teachers Retirement System (NYSTRS)
145
New York State Teachers Retirement System (NYSTRS)
New York
$125M -$7.07M -13,827 -5%
DWA
146
Douglass Winthrop Advisors
New York
$124M -$2.68M -5,247 -2%
DnB Asset Management
147
DnB Asset Management
Norway
$123M -$8.33M -16,298 -6%
Holocene Advisors
148
Holocene Advisors
New York
$122M +$12.6M +24,686 +11%
National Bank of Canada
149
National Bank of Canada
Quebec, Canada
$121M +$16.2M +31,706 +15%
SGM
150
Skye Global Management
Florida
$120M +$27.6M +54,000 +30%

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.