Aristotle Atlantic Partners, an investment management firm, released its “Aristotle Atlantic Growth Fund” second quarter 2023 investor letter, a copy of which can be downloaded here. For the second quarter of 2023, Aristotle Atlantic’s Focus Growth Composite posted a total return of 11.65% gross of fees (11.63% net of fees), underperforming the 12.81% total return of the Russell 1000 Growth Index. Spare some time to check the fund’s top 5 holdings to know more about their top bets for 2023.
In its Q2 2023 investor letter, Aristotle Atlantic Partners mentioned S&P Global Inc. (NYSE:SPGI) and explained its insights for the company. Founded in 1860, S&P Global Inc. (NYSE:SPGI) is a New York, New York-based capital market company with a $126.4 billion market capitalization. S&P Global Inc. (NYSE:SPGI) delivered a 17.71% return since the beginning of the year, while its 12-month returns are down by 4.33%. The stock closed at $394.25 per share on August 02, 2023.
Here is what Aristotle Atlantic Partners has to say about S&P Global Inc. (NYSE:SPGI) in its Q2 2023 investor letter:
“S&P Global provides financial information and analytics, including credit ratings, financial market benchmarks and workflow solutions. Originally McGraw-Hill Financial, the company changed its name in 2016. The company’s operations consist of five segments: ratings, commodity insights, indices, market intelligence and mobility.
We see S&P Global’s diversified business model as primarily subscription-based, which generates a sizeable recurring revenue stream and helps it navigate various market or macroeconomic environments. The company has a significant competitive advantage that provides substantial barriers to entry and sustainable competitive supremacy. We believe that technologyfocused strategic investments made over the past few years should help accelerate organic growth over the next few years, as the company continuously seeks to improve its existing offerings while striving to meet ever-evolving client needs.”
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Our calculations show that S&P Global Inc. (NYSE:SPGI) ranks 27th on our list of the 30 Most Popular Stocks Among Hedge Funds. S&P Global Inc. (NYSE:SPGI) was in 90 hedge fund portfolios at the end of the first quarter of 2023, compared to 97 funds in the previous quarter. S&P Global Inc. (NYSE:SPGI) delivered a 13.45% return in the past 3 months.
We also discussed S&P Global Inc. (NYSE:SPGI) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters Q2 2023 page.
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Disclosure: None. This article is originally published at Insider Monkey.
