Vanguard Trims S&P Global Stake to 9.6% as of Dec 29, 2023

TL;DR

**Vanguard slightly reduced its S&P Global stake to 9.6%, a minor portfolio rebalance.**

AI Summary

The Vanguard Group, a major investment management company, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in S&P Global Inc. As of December 29, 2023, Vanguard reported beneficial ownership of 30,733,526 shares of S&P Global's Common Stock, representing 9.6% of the company. This filing indicates a slight decrease in Vanguard's stake from previous disclosures, which could signal a minor rebalancing of their portfolio, potentially impacting investor sentiment for S&P Global stock.

Why It Matters

This matters because Vanguard is a massive institutional investor, and changes in their holdings can influence market perception and potentially stock price due to their sheer size and investment philosophy.

Risk Assessment

Risk Level: low — The change in ownership is a minor adjustment by a large institutional investor and does not indicate a significant shift in the company's fundamentals or a major divestment.

Analyst Insight

Investors should note that while Vanguard's stake is large, this minor adjustment is likely part of routine portfolio rebalancing for index funds and doesn't signal a strong bullish or bearish conviction on S&P Global's future performance.

Key Numbers

• 30,733,526 — Shares Beneficially Owned (Represents the total number of S&P Global Common Stock shares Vanguard holds.)
• 9.6% — Percentage of Class (Indicates Vanguard's significant, but slightly reduced, ownership stake in S&P Global.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• S&P Global Inc. (company) — subject company whose securities are being reported
• 30,733,526 (dollar_amount) — number of shares beneficially owned by Vanguard
• 9.6% (dollar_amount) — percentage of S&P Global's class of securities beneficially owned by Vanguard
• December 29, 2023 (person) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, but potentially fluctuating, stake in S&P Global Inc. as part of its broad index-tracking strategies. (The Vanguard Group) — high confidence, target: Next 12 months

FAQ

From the Filing

0001104659-24-021877.txt : 20240213 0001104659-24-021877.hdr.sgml : 20240213 20240213171353 ACCESSION NUMBER: 0001104659-24-021877 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: S&P Global Inc. CENTRAL INDEX KEY: 0000064040 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES [7320] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 131026995 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-18904 FILM NUMBER: 24629423 BUSINESS ADDRESS: STREET 1: 55 WATER STREET CITY: NEW YORK STATE: NY ZIP: 10041 BUSINESS PHONE: 212-438-1000 MAIL ADDRESS: STREET 1: 55 WATER STREET CITY: NEW YORK STATE: NY ZIP: 10041 FORMER COMPANY: FORMER CONFORMED NAME: MCGRAW HILL FINANCIAL INC DATE OF NAME CHANGE: 20130502 FORMER COMPANY: FORMER CONFORMED NAME: MCGRAW-HILL COMPANIES INC DATE OF NAME CHANGE: 19950502 FORMER COMPANY: FORMER CONFORMED NAME: MCGRAW HILL INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv01860-spglobalinc.htm SCHEDULE 13G/A spglobalinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 10)* Name of issuer:  S&P Global Inc Title of Class of Securities:  Common Stock CUSIP Number:  78409V104 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  78409V104 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 407,386 7.  SOLE DISPOSITIVE POWER 27,429,389 8.  SHARED DISPOSITIVE POWER 1,366,254 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 28,795,643 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.09% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: S&P Global Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 55 Water Street New York, NY 10041 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Add