What Makes S&P Global (SPGI) an Investment Bet?

Montaka Global Investments, an investment management company, released its third quarter 2024 investor letter. A copy of the letter can be downloaded here. The competitive advantages of the biggest investee companies in Montaka kept getting better, and their businesses were doing incredibly well. The companies in Montaka’s portfolio are far more valuable than what their stock prices suggest. This strengthens the emphasis of and lends greater credibility to Montaka’s investing strategy, which was updated and refined over four years ago. In addition, please check the fund’s top five holdings to know its best picks in 2024.

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Montaka Global Investments highlighted stocks like S&P Global Inc. (NYSE:SPGI) in the Q3 2024 investor letter. S&P Global Inc. (NYSE:SPGI) offers credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. The one-month return of S&P Global Inc. (NYSE:SPGI) was -3.29%, and its shares gained 14.92% of their value over the last 52 weeks. On December 24, 2024, S&P Global Inc. (NYSE:SPGI) stock closed at $504.75 per share with a market capitalization of $156.849 billion.

Montaka Global Investments stated the following regarding S&P Global Inc. (NYSE:SPGI) in its Q3 2024 investor letter:

“Montaka owns several duopolists in the financial services industry, including Visa and Mastercard in payments; and S&P Global Inc. (NYSE:SPGI) in credit ratings and financial data services. These businesses have competitively protected and reliably growing core businesses. But they also have newer, high-probability adjacent opportunities. The market, however, is underappreciating this powerful combination, in our view.

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S&P Global Inc. (NYSE:SPGI) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 85 hedge fund portfolios held S&P Global Inc. (NYSE:SPGI) at the end of the third quarter which was 90 in the previous quarter. In the third quarter, S&P Global Inc. (NYSE: SPGI) reported a 16% year-over-year increase in total revenue, marking the third consecutive quarter of accelerating revenue growth. While we acknowledge the potential of S&P Global Inc. (NYSE:SPGI) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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