5 Best Stocks to Buy in 2022 According to Billionaire Richard Chilton

4. S&P Global Inc. (NYSE:SPGI)

Chilton Investment Company’s Stake Value: $35.9M

Percentage of Chilton Investment Company’s 13F Portfolio: 0.86%

Number of Hedge Fund Holdings: 97

S&P Global Inc. (NYSE:SPGI) is based in Manhattan, New York City and is a publicly traded corporation which specializes in financial information and analytics. It parents S&P Global Ratings, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions among other ventures. S&P Global Inc. (NYSE:SPGI) has a dividend yield of 3.40% as of June 28 and its second quarter dividend payout of $0.85 per share was due on June 10, in line with its consistent quarterly payout history. S&P Global Inc. (NYSE:SPGI) has been punctually paying dividends since 1937 and has been raising its dividend per share consecutively for 48 years.

As of Q1 2022, 97 hedge funds have reported bullish bets on the company, with Chris Hohn’s TCI Fund Management  being the top stakeholder, owning shares worth nearly $2.8 billion. S&P Global Inc. (NYSE:SPGI) is the majority owner of S&P Dow Jones Indices which maintains the famously followed S&P 500 Index that tracks the 500 largest companies. Some prominent ones include the likes of Microsoft Corporation (NASDAQ:MSFT), Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA).

Richard Chilton’s Chilton Investment Group owns 87,519 shares that have been valued at around $35.9 million, a result of Chilton increasing his hold over the stock by 3117% with S&P Global Inc. (NYSE:SPGI) making up 0.86% of Chilton’s 13F portfolio. 

Cooper Investors, an investment management firm, mentioned S&P Global Inc. (NYSE:SPGI) in their Q1 2022 investor letter, a copy of which can be obtained here. This is what they had to say:

“This quarter, S&P Global announced the successful completion of its acquisition of IHS Markit. The deal makes S&P a global leader across the information services industry. The Fund has been long term shareholders of S&P, building a position back in 2015 when the organization was still named McGraw-Hill Financial. We saw the initial opportunity as it refocused the business from a publishing and financial conglomerate towards its core data and financial assets. S&P’s credit ratings, benchmarks and analytics businesses in global capital and commodity markets carry leading positions, defensible offerings, consistent growth and high margins – as true today as it was seven years ago. With the increased focus management have applied over a lengthy period we see improved revenue growth, margins and cash flows…”