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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
SFFS
126
Stonehage Fleming Financial Services
Jersey
$157M +$3.7M +6,911 +2%
Lord, Abbett & Co
127
Lord, Abbett & Co
New Jersey
$156M +$185K +346 +0.1%
Capital Research Global Investors
128
Capital Research Global Investors
California
$154M +$706K +1,318 +0.4%
LPL Financial
129
LPL Financial
California
$153M +$9.14M +17,078 +6%
HTC
130
Haverford Trust Company
Pennsylvania
$153M -$3.57M -6,660 -2%
Brown Advisory
131
Brown Advisory
Maryland
$152M +$16.5M +30,741 +11%
ACP
132
Atalan Capital Partners
New York
$150M +$4.93M +9,200 +3%
Natixis Advisors
133
Natixis Advisors
Massachusetts
$144M +$4.1M +7,658 +3%
Schroder Investment Management Group
134
Schroder Investment Management Group
United Kingdom
$144M +$3.78M +7,063 +2%
TG
135
TCW Group
California
$144M -$15.1M -28,276 -9%
Baird Financial Group
136
Baird Financial Group
Wisconsin
$142M +$6.02M +11,239 +4%
GCM
137
Gates Capital Management
New York
$140M
LWCA
138
Locust Wood Capital Advisers
New York
$139M +$34.1M +63,685 +29%
State Board of Administration of Florida Retirement System
139
State Board of Administration of Florida Retirement System
Florida
$138M -$11.4M -21,231 -7%
Adage Capital Partners
140
Adage Capital Partners
Massachusetts
$137M -$25.3M -47,300 -14%
DDC
141
DF Dent & Co
Maryland
$135M -$15.2M -28,330 -9%
FAM
142
Fred Alger Management
New York
$132M +$15.4M +28,762 +12%
Zurich Cantonal Bank
143
Zurich Cantonal Bank
Switzerland
$127M +$5.3M +9,889 +4%
Nomura Asset Management
144
Nomura Asset Management
Japan
$126M -$6.91M -12,904 -5%
US Bancorp
145
US Bancorp
Minnesota
$124M -$426K -796 -0.3%
Allspring Global Investments
146
Allspring Global Investments
North Carolina
$122M -$3.49M -6,526 -3%
DnB Asset Management
147
DnB Asset Management
Norway
$122M +$433K +809 +0.3%
Bank of Nova Scotia
148
Bank of Nova Scotia
Ontario, Canada
$120M +$43.5M +81,289 +49%
CI Investments Inc
149
CI Investments Inc
Ontario, Canada
$120M +$1.85M +3,451 +1%
DWA
150
Douglass Winthrop Advisors
New York
$119M -$772K -1,441 -0.6%

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.