Top 5 Stock Picks of Leon Lowenstein’s Lionstone Capital Management

Page 1 of 5

In this article, we discuss the top 5 stock picks of Leon Lowenstein’s Lionstone Capital Management. If you want our detailed analysis of these stocks, go directly to the Top 10 Stock Picks of Leon Lowenstein’s Lionstone Capital Management.

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

Lionstone Capital Management’s Stake Value: $29,402,000

Percentage of Lionstone Capital Management’s 13F Portfolio: 7.69%

Number of Hedge Fund Holders: 71

S&P Global Inc. (NYSE:SPGI) is a New York-based financial services mega corporation that is the parent company to S&P Global Ratings, S&P Global Market Intelligence, S&P Global Platts, and CRISIL. In addition to that, S&P Global Inc. (NYSE:SPGI) also holds a majority stake in S&P Dow Jones Indices. 

Lionstone Capital Management as of September this year maintains a steady position in S&P Global Inc. (NYSE:SPGI), with stakes valued at $29.4 million. Chris Hohn’s TCI Fund Management is the largest stakeholder of S&P Global Inc. (NYSE:SPGI), holding a $2.04 stake in the company. Overall, 71 hedge funds were bullish on S&P Global Inc. (NYSE:SPGI) at the end of June. 

S&P Global Inc. (NYSE:SPGI) reported solid Q3 results on October 26, posting an EPS of $3.54, beating estimates by $0.39. The $2.09 billion Q3 revenue also exceeded analysts’ consensus estimates by $101.65 million. 

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.”

Page 1 of 5