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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
Vanguard Group
1
Vanguard Group
Pennsylvania
$14.7B +$86.6M +161,719 +0.5%
BlackRock
2
BlackRock
New York
$12.3B -$638M -1,192,360 -5%
State Street
3
State Street
Massachusetts
$6.86B +$2.9M +5,418 +0%
TCI Fund Management
4
TCI Fund Management
United Kingdom
$5.45B +$52.6M +98,247 +0.9%
Morgan Stanley
5
Morgan Stanley
New York
$3.93B +$40.1M +74,970 +0.9%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$3.33B +$37.9M +70,867 +1%
Wellington Management Group
7
Wellington Management Group
Massachusetts
$3.03B +$147M +274,285 +5%
Bank of America
8
Bank of America
North Carolina
$2.58B -$121M -225,424 -4%
Fidelity Investments
9
Fidelity Investments
Massachusetts
$2.01B -$888M -1,657,943 -29%
Northern Trust
10
Northern Trust
Illinois
$1.54B +$584K +1,090 +0%
UBS AM
11
UBS AM
Illinois
$1.35B -$358M -667,751 -19%
Wells Fargo
12
Wells Fargo
California
$1.35B -$6.69M -12,489 -0.4%
DZ Bank
13
DZ Bank
Germany
$1.26B +$553M +1,031,954 +66%
Invesco
14
Invesco
Georgia
$1.16B -$36.2M -67,532 -3%
Goldman Sachs
15
Goldman Sachs
New York
$1.15B -$115M -215,673 -8%
Edgewood Management
16
Edgewood Management
Connecticut
$1.11B -$114M -212,494 -9%
Legal & General Group
17
Legal & General Group
United Kingdom
$1.07B +$36.3M +67,868 +3%
Charles Schwab
18
Charles Schwab
California
$1.06B +$41.4M +77,294 +4%
T. Rowe Price Associates
19
T. Rowe Price Associates
Maryland
$1.06B -$494M -923,032 -30%
Capital International Investors
20
Capital International Investors
California
$1.03B -$264M -493,955 -19%
Parnassus Investments
21
Parnassus Investments
California
$989M -$2.37M -4,423 -0.2%
Mitsubishi UFJ Asset Management
22
Mitsubishi UFJ Asset Management
Japan
$956M +$69.7M +130,177 +7%
N
23
Nuveen
North Carolina
$949M -$28.2M -52,711 -3%
JP Morgan Chase
24
JP Morgan Chase
New York
$947M +$167M +311,994 +19%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$907M -$13.9M -26,033 -1%

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.