Which funds own SPGI
S&P Global Inc in the Q2 2026 filings. At least 21 of the 91 current managers on file reported a position, worth $13.9bn between them. At least a fifth of the current managers on file hold it, which is a crowd without being the whole market. The quarter went one way: 14 managers opened or added against 8 cutting.
- Managers holding
- 21
- at least, of 91 current
- Combined value
- $13.9bn
- as reported
- Opened
- 3
- new this quarter
- Added to
- 11
- already held
- Trimmed or sold out
- 8
- 3 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| TCI Fund Management Ltd Long/short equity · $52.8bn book | $5.7bn | 11% | 14,081,957 | -$235m+46,647 | Added |
| Wellington Management Group LLP Long-only · $580bn book | $2.2bn | 0.4% | 5,327,461 | -$409m-735,171 | Trimmed |
| Pershing Square Capital Management LP Activist · $19.5bn book | $1.1bn | 5.4% | 2,593,155 | opened2,593,155 | New |
| Invesco Ltd Long-only · $1264bn book | $944m | 0.1% | 2,318,084 | -$39m+7,462 | Added |
| Soroban Capital Partners LP Long/short equity · $47.8bn book | $705m | 1.5% | 1,731,643 | -$13m+43,000 | Added |
| AllianceBernstein LP Long-only · $302bn book | $651m | 0.2% | 1,531,113 | -$152m-5,784 | Trimmed |
| AQR Capital Management LLC Quantitative · $287bn book | $569m | 0.2% | 1,395,878 | +$40m+148,943 | Added |
| Arrowstreet Capital LP Quantitative · $225bn book | $537m | 0.2% | 1,317,894 | +$377m+941,885 | Added |
| Neuberger Berman Group LLC Long-only · $150bn book | $438m | 0.3% | 1,097,962 | -$153m-291,785 | Trimmed |
| Millennium Management LLC Multi-strategy · $276bn book | $286m | 0.1% | 702,590 | -$133m-281,848 | Trimmed |
| D. E. Shaw & Co. Quantitative · $210bn book | $241m | 0.1% | 592,093 | +$102m+265,950 | Added |
| Two Sigma Investments LP Quantitative · $138bn book | $199m | 0.1% | 488,468 | +$144m+358,422 | Added |
| Egerton Capital UK LLP Long/short equity · $10.4bn book | $143m | 1.4% | 351,920 | opened351,920 | New |
| Renaissance Technologies LLC Quantitative · $72.6bn book | $88m | 0.1% | 215,462 | opened215,462 | New |
| Markel Group Inc Activist · $13.1bn book | $48m | 0.4% | 117,690 | -$2.1m0 | Held |
| Soros Fund Management LLC Macro · $8.1bn book | $41m | 0.5% | 100,834 | +$34m+84,302 | Added |
| Bridgewater Associates LP Macro · $24.4bn book | $39m | 0.2% | 95,012 | +$25m+62,313 | Added |
| Verition Fund Management LLC Multi-strategy · $19.7bn book | $30m | 0.2% | 74,134 | +$29m+71,640 | Added |
| ExodusPoint Capital Management LP Multi-strategy · $15.5bn book | $15m | 0.1% | 36,279 | +$3.7m+10,286 | Added |
| Dodge & Cox Value · $191bn book | $2.1m | 0.0% | 5,200 | -$200k-200 | Trimmed |
| Ruane Cunniff & Goldfarb LP Value · $6.4bn book | $200k | 0.0% | 531 | unchanged0 | Held |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Holocene Advisors LP · Long/short equity$147m held before
- Artisan Partners LP · Long-only$73m held before
- Farallon Capital Management LLC · Long/short equity$5.1m held before
Ownership through time
At least 35 of the 95 managers whose filings are on file listed SPGI in Q2 2026, against 1 in Q1 2016. 1 manager fewer than in Q1 2026: 3 started positions; 3 listed it again; 3 sold out, by their own filings; 4 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q1 2016: 1
- Q2 2016: 24
- Q3 2016: 23
- Q4 2016: 29
- Q1 2017: 36
- Q2 2017: 30
- Q3 2017: 30
- Q4 2017: 27
- Q1 2018: 33
- Q2 2018: 26
- Q3 2018: 28
- Q4 2018: 29
- Q1 2019: 31
- Q2 2019: 33
- Q3 2019: 40
- Q4 2019: 36
- Q1 2020: 34
- Q2 2020: 33
- Q3 2020: 32
- Q4 2020: 38
- Q1 2021: 35
- Q2 2021: 39
- Q3 2021: 41
- Q4 2021: 44
- Q1 2022: 42
- Q2 2022: 33
- Q3 2022: 35
- Q4 2022: 33
- Q1 2023: 35
- Q2 2023: 27
- Q3 2023: 28
- Q4 2023: 35
- Q1 2024: 44
- Q2 2024: 37
- Q3 2024: 39
- Q4 2024: 32
- Q1 2025: 37
- Q2 2025: 39
- Q3 2025: 38
- Q4 2025: 32
- Q1 2026: 36
- Q2 2026: 35
- Q1 2016: $103m
- Q2 2016: $5.2bn
- Q3 2016: $6.3bn
- Q4 2016: $4.7bn
- Q1 2017: $5.6bn
- Q2 2017: $6.0bn
- Q3 2017: $6.0bn
- Q4 2017: $6.2bn
- Q1 2018: $6.7bn
- Q2 2018: $7.1bn
- Q3 2018: $6.2bn
- Q4 2018: $5.3bn
- Q1 2019: $7.1bn
- Q2 2019: $8.6bn
- Q3 2019: $8.7bn
- Q4 2019: $8.9bn
- Q1 2020: $8.0bn
- Q2 2020: $11.1bn
- Q3 2020: $11.7bn
- Q4 2020: $11.8bn
- Q1 2021: $16.0bn
- Q2 2021: $19.8bn
- Q3 2021: $19.8bn
- Q4 2021: $21.9bn
- Q1 2022: $22.3bn
- Q2 2022: $16.2bn
- Q3 2022: $13.6bn
- Q4 2022: $14.5bn
- Q1 2023: $14.9bn
- Q2 2023: $17.0bn
- Q3 2023: $14.9bn
- Q4 2023: $18.3bn
- Q1 2024: $17.8bn
- Q2 2024: $19.2bn
- Q3 2024: $21.1bn
- Q4 2024: $19.1bn
- Q1 2025: $19.2bn
- Q2 2025: $19.7bn
- Q3 2025: $17.9bn
- Q4 2025: $17.2bn
- Q1 2026: $16.1bn
- Q2 2026: $16.6bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
Largest increases, by shares
- Pershing Square Capital Management LPnew: 2,593,155 shares+$1.1bn
- Arrowstreet Capital LP376,009 to 1,317,894 shares+$384m
- Two Sigma Investments LP130,046 to 488,468 shares+$146m
- Egerton Capital UK LLPnew: 351,920 shares+$143m
- D. E. Shaw & Co.326,143 to 592,093 shares+$108m
Largest decreases, by shares
- Wellington Management Group LLP6,062,632 to 5,327,461 shares-$299m
- Fidelity (FMR LLC)3,272,782 to 2,679,678 shares-$242m
- Neuberger Berman Group LLC1,389,747 to 1,097,962 shares-$116m
- Millennium Management LLC984,438 to 702,590 shares-$115m
- Capital Research Global Investors282,821 to 5,555 shares-$113m
Left it
- Holocene Advisors LPwas $147m
- Artisan Partners LPwas $73m
- Farallon Capital Management LLCwas $5.1m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| TCI Fund Management Ltd | Q1 2017 | $6.2bn | $5.7bn | |
| Wellington Management Group LLP | Q2 2016 | $4.6bn | $2.2bn | |
| Fidelity (FMR LLC) | Q2 2016 | $3.1bn | $1.1bn | |
| Pershing Square Capital Management LP | Q2 2026 | $1.1bn | $1.1bn | |
| Invesco Ltd | Q2 2016 | $1.9bn | $944m | |
| Soroban Capital Partners LP | Q1 2021 | $718m | $705m | |
| AllianceBernstein LP | Q2 2016 | $803m | $651m | |
| T. Rowe Price Associates Inc | Q2 2016 | $3.3bn | $585m | |
| AQR Capital Management LLC | Q2 2016 | $568m | $568m | |
| Arrowstreet Capital LP | Q1 2017 | $537m | $537m | |
| Citadel Advisors LLC | Q3 2016 | $646m | $455m | |
| Neuberger Berman Group LLC | Q4 2018 | $968m | $438m | |
| Millennium Management LLC | Q2 2016 | $514m | $286m | |
| D. E. Shaw & Co. | Q2 2016 | $503m | $241m | |
| Two Sigma Investments LP | Q2 2016 | $253m | $199m | |
| Artisan Partners LP | Q2 2016 | $1.0bn | last listed Q1 2026 | |
| Holocene Advisors LP | Q1 2019 | $812m | last listed Q1 2026 | |
| Lone Pine Capital LLC | Q1 2019 | $651m | last listed Q3 2019 | |
| Third Point LLC | Q2 2016 | $472m | last listed Q1 2024 | |
| Two Sigma Advisers LP | Q3 2016 | $466m | last listed Q1 2025 | |
| Farallon Capital Management LLC | Q1 2019 | $435m | last listed Q1 2026 | |
| Tybourne Capital Management HK Ltd | Q1 2021 | $273m | last listed Q3 2024 | |
| Harris Associates LP | Q1 2019 | $252m | last listed Q1 2025 | |
| Point72 Asset Management LP | Q1 2017 | $243m | last listed Q3 2025 | |
| Squarepoint Ops LLC | Q2 2016 | $184m | last listed Q1 2026 |
What SPGI is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around SPGI →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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