Billionaire Ken Griffin’s Portfolio: Top 5 Stock Picks

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

Citadel Investment Group’s Stake Value: $427,452,000

Percentage of Citadel Investment Group’s 13F Portfolio: 0.08%

Number of Hedge Fund Holders: 78

S&P Global Inc. (NYSE:SPGI) is a financial information and data analytics organization that is also the parent company of S&P Global Ratings, S&P Global Market Intelligence, S&P Global Platts, and CRISIL, in addition to being the majority owner of the S&P Dow Jones Indices. Ken Griffin holds a $427.45 million stake in S&P Global Inc. (NYSE:SPGI) as of September this year, with the stock making up 0.08% of his total Q3 investments. 

S&P Global Inc. (NYSE:SPGI) posted its Q3 earnings on October 26. EPS in the period amounted to $3.54, exceeding estimates by $0.39. The quarterly revenue totaled $2.09 billion, up 13.06% from the prior-year quarter, beating estimates by $101.65 million. 

Of the 78 hedge funds that were bullish on S&P Global Inc. (NYSE:SPGI) in the third quarter, Chris Hohn’s TCI Fund Management is the leading stakeholder of the company, holding 4.81 million shares worth over $2 billion. 

Here is what Baron FinTech Fund has to say about S&P Global Inc. (NYSE:SPGI) in its Q1 2021 investor letter:

“S&P Global Inc. provides credit ratings, indexes, data, and analytics to the financial and commodities markets. Shares increased on strong fourth quarter results and 2021 guidance that exceeded Street expectations. Although bond issuance is expected to moderate after two years of exceptional growth, management still expects revenue to grow mid-single-digits this year. Also, shareholders overwhelmingly voted to approve the merger with IHS Markit. We continue to own the stock as we see a long runway for growth and significant competitive advantages for the company.”