13FPulse
SP

SPGI S&P GLOBAL INC

2026Q2 · CUSIP 78409V104 · Sector: Other

Normal

Fund flows are within the usual range

Funds that own it
1,955
Institutions that reported holding it to the SEC
Net decrease in holders
144
Last quarter 2,099 → now 1,955
How unusual is that
Bottom 20%
Among the weakest buying in the market
What the filings say, in one paragraph

1,955 funds held SPGI at the end of 2026Q2, down 144 from the quarter before. Fund flows are within the usual range — nothing unusual. On the business itself, revenue over the last 12 months was $15.7B(YoY +8.5%), the P/E is 27.3x, return on equity is 15.3%. SPGI has had 30 buying rushes in its history, and the price moved +5.2% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Other sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2014Q3: holders=1 2014Q4: holders=1 2015Q1: holders=1 2015Q2: holders=1 2015Q3: holders=1 2015Q4: holders=2 2016Q1: holders=22 2016Q2: holders=545 2016Q3: holders=599 2016Q4: holders=647 2017Q1: holders=681 2017Q2: holders=727 2017Q3: holders=724 2017Q4: holders=811 2018Q1: holders=859 2018Q2: holders=868 2018Q3: holders=882 2018Q4: holders=867 2019Q1: holders=904 2019Q2: holders=933 2019Q3: holders=976 2019Q4: holders=1075 2020Q1: holders=1088 2020Q2: holders=1145 2020Q3: holders=1181 2020Q4: holders=1249 2021Q1: holders=1271 2021Q2: holders=1321 2021Q3: holders=1380 2021Q4: holders=1514 2022Q1: holders=1621 2022Q2: holders=1537 2022Q3: holders=1473 2022Q4: holders=1540 2023Q1: holders=1567 2023Q2: holders=1590 2023Q3: holders=1596 2023Q4: holders=1742 2024Q1: holders=1804 2024Q2: holders=1809 2024Q3: holders=1903 2024Q4: holders=2014 2025Q1: holders=2052 2025Q2: holders=2044 2025Q3: holders=2034 2025Q4: holders=2177 2026Q1: holders=2099 2026Q2: holders=1955 -523 -261.5 +0 +261.5 +523 011432286 14Q316Q117Q319Q120Q322Q123Q325Q126Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 30 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2025Q4 Top 5% +3.5% +0.3%
2025Q1 Top 5% +1.3% +5.9%
2024Q4 Top 5% -4.6% -3.0%
2024Q3 Top 1% in the market -1.6% +6.2%
2024Q1 Top 5% +2.8% +12.4%
2023Q4 Top 5% +1.4% +4.5%
2023Q2 Top 10% -5.0% +4.7%
2023Q1 Top 10% +11.0% +6.8%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
382
Change in large funds
+24
Total value they hold
$104.0B
Funds buying for the first time
176
Funds that sold out entirely
320
Price change that quarter
+9.6%
Funds holding puts (bearish)
19
Funds holding calls (bullish)
23

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
27.3
EPS (TTM)
$15.81
EPS YoY
+24.2%
Revenue (TTM)
$15.7B
Revenue YoY
+8.5%
Net margin
30.4%
ROE
15.3%
Debt ratio
40.4%
FCF (TTM)
$5.6B
Dividend (TTM)
$3.85
Quarterly Revenue & EPS
2022-06-30: EPS 2.86 2022-09-30: EPS 1.84 2022-12-31: EPS 1.03 2023-03-31: EPS 2.47 2023-06-30: EPS 1.60 2023-09-30: EPS 2.33 2023-12-31: EPS 1.83 2024-03-31: EPS 3.16 2024-06-30: EPS 3.23 2024-09-30: EPS 3.11 2024-12-31: EPS 2.85 2025-03-31: EPS 3.54 2025-06-30: EPS 3.50 2025-09-30: EPS 3.86 2025-12-31: EPS 3.76 2026-03-31: EPS 4.69 0B 2.1B 4.2B $B 0.00 2.58 5.16 20162017201820192020202120222023202420252026 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 41 22 38 54 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
0K854M1.7B 20162017201820192020202120222023202420252026
Latest quarter $1.0B (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-03-31 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.