Valley Forge Capital Management, LP: S&P GLOBAL INC (SPGI): Quarterly 13F Position History
As of Q1 2026, Valley Forge Capital Management, LP reported 1,758,074 shares of S&P GLOBAL INC (SPGI), worth $747.8M and representing 22.2% of its 13F equity book. Quarter-over-quarter share count change: 105 (-0.0%) . The position first appeared in Q4 2016 and has been disclosed across 38 13F-HR filings in Pactolio's tracked window.
- 1,758,074Shares Held (Latest Filing)
- $747.8MReported Market Value (Latest Filing)
- 22.2%Portfolio Weight (% of 13F Equity Book)
- 105Quarter-over-Quarter Share Change
- -$171.0MQuarter-over-Quarter Value Change
- 1,758,179Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 38 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 1,758,074 | 105 | -0.0% | $747.8M | 22.2% | $425.3 |
| Q4 2025 | 1,758,179 | +3,081 | +0.2% | $918.8M | 20.8% | $522.6 |
| Q3 2025 | 1,755,098 | 0 | — | $854.2M | 20.5% | $486.7 |
| Q2 2025 | 1,755,098 | 0 | — | $925.4M | 20.4% | $527.3 |
| Q1 2025 | 1,755,098 | 0 | — | $891.8M | 20.3% | $508.1 |
| Q4 2024 | 1,755,098 | +49,200 | +2.9% | $874.1M | 19.3% | $498.0 |
| Q3 2024 | 1,705,898 | +50,337 | +3.0% | $881.3M | 19.6% | $516.6 |
| Q2 2024 | 1,655,561 | 0 | — | $738.4M | 19.1% | $446.0 |
| Q1 2024 | 1,655,561 | 0 | — | $704.4M | 19.2% | $425.4 |
| Q4 2023 | 1,655,561 | 0 | — | $729.3M | 20.7% | $440.5 |
| Q3 2023 | 1,655,561 | 0 | — | $605.0M | 20.6% | $365.4 |
| Q2 2023 | 1,655,561 | +262,908 | +18.9% | $663.7M | 22.5% | $400.9 |
| Q1 2023 | 1,392,653 | 0 | — | $480.1M | 18.2% | $344.8 |
| Q4 2022 | 1,392,653 | +97,378 | +7.5% | $466.5M | 18.9% | $334.9 |
| Q3 2022 | 1,295,275 | 0 | — | $395.5M | 18.8% | $305.3 |
| Q2 2022 | 1,295,275 | +105,914 | +8.9% | $436.6M | 19.5% | $337.1 |
| Q1 2022 | 1,189,361 | +76,448 | +6.9% | $487.9M | 18.6% | $410.2 |
| Q4 2021 | 1,112,913 | 163,631 | -12.8% | $525.2M | 19.9% | $471.9 |
| Q3 2021 | 1,276,544 | +4,000 | +0.3% | $542.4M | 21.5% | $424.9 |
| Q2 2021 | 1,272,544 | 0 | — | $522.3M | 20.3% | $410.5 |
| Q1 2021 | 1,272,544 | +627,003 | +97.1% | $449.0M | 21.2% | $352.9 |
| Q4 2020 | 645,541 | +11,543 | +1.8% | $212.2M | 19.7% | $328.7 |
| Q3 2020 | 633,998 | +86,493 | +15.8% | $228.6M | 24.8% | $360.6 |
| Q2 2020 | 547,505 | +109,545 | +25.0% | $180.4M | 21.9% | $329.5 |
| Q1 2020 | 437,960 | +16,553 | +3.9% | $107.3M | 22.7% | $245.0 |
| Q4 2019 | 421,407 | 0 | — | $115.1M | 22.4% | $273.0 |
| Q3 2019 | 421,407 | 0 | — | $103.2M | 23.0% | $245.0 |
| Q2 2019 | 421,407 | +14,000 | +3.4% | $96.0M | 22.8% | $227.8 |
| Q1 2019 | 407,407 | 0 | — | $85.8M | 22.7% | $210.6 |
| Q4 2018 | 407,407 | +37,875 | +10.2% | $69.2M | 26.2% | $169.9 |
| Q3 2018 | 369,532 | +67,300 | +22.3% | $72.2M | 24.0% | $195.4 |
| Q2 2018 | 302,232 | 0 | — | $61.6M | 24.0% | $203.9 |
| Q1 2018 | 302,232 | +10,023 | +3.4% | $57.7M | 27.0% | $191.1 |
| Q4 2017 | 292,209 | 0 | — | $49.5M | 26.1% | $169.4 |
| Q3 2017 | 292,209 | 0 | — | $45.7M | 29.0% | $156.3 |
| Q2 2017 | 292,209 | 0 | — | $42.7M | 30.3% | $146.0 |
| Q1 2017 | 292,209 | 0 | — | $38.2M | 29.7% | $130.7 |
| Q4 2016 | 292,209 | — | — | $31.4M | 28.7% | $107.5 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Valley Forge Capital Management, LP first disclose a SPGI position in 13F-HR filings?
Valley Forge Capital Management, LP first reported S&P GLOBAL INC (SPGI) on its 13F-HR filing for the period ending 2016-12-31 (Q4 2016). The position has appeared on 38 reported quarters within Pactolio's tracked window.
What was Valley Forge Capital Management, LP's most recent quarter-over-quarter share-count change in SPGI?
Between Q4 2025 and Q1 2026, Valley Forge Capital Management, LP reduced its SPGI position by 105 shares (-0.0%), leaving 1,758,074 shares at a market value of $747.8M.
Does the implied price-per-share represent Valley Forge Capital Management, LP's cost basis in SPGI?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.