Value investor Li Lu’s firm, Himalaya Capital, sold its entire stake in S&P Global (SPGI) during the second quarter of 2026. The firm's 13F filing, made public on August 14, revealed the sale of all 121,460 shares, a position previously valued at approximately $51.7 million. It is important to remember that these filings reflect trades completed between April 1 and June 30, not same-day activity.
S&P Global is a major provider of financial intelligence, offering credit ratings, market data, and benchmarks to capital and commodity markets worldwide. The complete exit from SPGI was part of a broader move by Himalaya Capital to liquidate its positions in several traditional finance and index data service companies during the quarter. This is notable for an investor known for a concentrated, long-term approach to holding what are considered high-quality businesses.