Billionaire Chris Hohn’s Top 9 Stock Picks

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

Number of Hedge Fund Holders: 85

TCI Fund Management’s Stake: $5.3 billion   

S&P Global Inc. (NYSE:SPGI) provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. The following attributes underline the company’s potential as an investment. The first thing that makes S&P Global a great investment opportunity is its robust financial growth depicted in the report for the third quarter of 2024. For instance, reported revenue was $3.57 billion, showing an increase of 16% compared to the third quarter of 2023. Third quarter GAAP net income increased 31% to $971 million, and GAAP diluted earnings per share increased 33% to $3.11 as higher net income was driven primarily by strong growth in Ratings and Indices. Secondly, the company has announced an agreement to acquire Visible Alpha, the financial technology provider of deep industry and segment consensus data, sell-side analyst models and analytics from high-quality, exclusive sources. The acquisition will create a premium offering of fundamental investment research capabilities on S&P Global Market Intelligence’s Capital IQ Pro platform. Moreover, the company has agreed to sell its Engineering Solutions business to investment funds managed by KKR for $975 million in cash, subject to customary purchase price adjustments.