LongSPGIJune 30, 2026

Eagle Capital Management, LLC on S&P Global Inc.

Thesis

S&P Global is included in Eagle's high-quality, low-volatility bucket because of its powerful financial-data and market-infrastructure franchises. Ratings, indexes, Platts and Capital IQ provide a collection of businesses with significant competitive moats. Eagle believes the group has de-rated to attractive valuations despite continued business growth and can deliver approximately mid-teens EPS growth over the next several years.

S&P Global owns the S&P ratings franchise, S&P Indexes, Platts, and Capital IQ.
Eagle Capital Management, LLC — Eagle Quarterly Letter Q2 2026: One Theme, Many Futures