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S&P Global
SPGI

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: 2,062 → 2,052 (-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: 80 → 75 (-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

Top Buyers

1
LOAME
Lombard Odier Asset Management (Europe)
United Kingdom
+$1.31B
2
DZ Bank
DZ Bank
Germany
+$553M
3
Millennium Management
Millennium Management
New York
+$334M
4
MMA
Mizuho Markets Americas
New York
+$319M
5
Squarepoint
Squarepoint
New York
+$196M

Top Sellers

1
BC
Broadwater Capital
Massachusetts
-$992M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$888M
3
BlackRock
BlackRock
New York
-$638M
4
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$494M
5
UBS AM
UBS AM
Illinois
-$358M
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
2051
Ross\Johnson & Associates
Minnesota
$487 – – –
BIM
2052
Breakwater Investment Management
Washington
$487 +$535 +1 New
WW
2053
Winnow Wealth
Texas
$487 +$535 +1 New
Norges Bank
2054
Norges Bank
Norway
– -$2.19B -4,151,311 Closed
IIP
2055
Intermede Investment Partners
United Kingdom
– -$118M -223,797 Closed
Axa
2056
Axa
France
– -$103M -194,412 Closed
WorldQuant Millennium Advisors
2057
WorldQuant Millennium Advisors
New York
– -$73.3M -139,010 Closed
A
2058
AustralianSuper
Australia
– -$57.9M -109,785 Closed
FGP
2059
Freestone Grove Partners
California
– -$50.1M -94,949 Closed
Arrowstreet Capital
2060
Arrowstreet Capital
Massachusetts
– -$44.5M -84,449 Closed
GC
2061
Gillson Capital
Illinois
– -$25M -47,384 Closed
VCP
2062
Varenne Capital Partners
France
– -$23.3M -44,098 Closed
PCM
2063
Prana Capital Management
Connecticut
– -$17.1M -32,359 Closed
LIP
2064
Lighthouse Investment Partners
Florida
– -$7.45M -14,128 Closed
SH
2065
SeaTown Holdings
Singapore
– -$7.09M -13,450 Closed
AC
2066
AMS Capital
Brazil
– -$6.88M -13,051 Closed
GP
2067
Geneva Partners
Wisconsin
– -$6.34M -12,023 Closed
BFG
2068
Bleakley Financial Group
New Jersey
– -$5.81M -11,025 Closed
AI
2069
Atom Investors
Texas
– -$5M -9,477 Closed
WCA
2070
Waratah Capital Advisors
Ontario, Canada
– -$4M -7,586 Closed
VSQM
2071
V-Square Quantitative Management
Illinois
– -$3.89M -7,369 Closed
WG
2072
Winton Group
United Kingdom
– -$3.41M -6,466 Closed
BC
2073
Bridgefront Capital
Texas
– -$2.95M -5,602 Closed
Two Sigma Advisers
2074
Two Sigma Advisers
New York
– -$2.81M -5,326 Closed
ACM
2075
Aquatic Capital Management
Illinois
– -$2.74M -5,205 Closed
81 82
83
84 85

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.