Middle Coast Investing disclosed its investment in S&P Global Inc. in its second-quarter 2026 investor letter, released on July 6, 2026. The firm wrote: "S&P Global Inc. (NYSE:SPGI) is the company behind the S&P 500 and the Dow Jones Industrial Indices. It is also a major ratings agency, responsible for rating the debt of corporations around the world. Together, those are two sterling businesses."

Regarding the company's other segments, Middle Coast Investing stated: "S&P Global also owns three data businesses, and it's here that the market has started doubting the company, leading it to trading for a 'normal' multiple at the price we bought." The letter added: "One of those data businesses is centered on energy, and is based on proprietary data and viewed as fairly safe from AI.."

S&P Global Inc. closed at $416.71 per share on July 2, 2026, and held a market capitalization of approximately $124.22 billion as of July 6, 2026. Its shares showed a one-month return of 9.77% as of July 6, 2026, despite a 12.02% decrease over the 52 weeks preceding that date.

In the first quarter of 2026, S&P Global reported 10% revenue growth and 9% organic constant currency revenue growth. The company also saw a 14% increase in adjusted diluted earnings per share during the same period. The number of hedge fund portfolios holding S&P Global Inc. increased from 108 at the end of the fourth quarter of 2025 to 122 at the end of the first quarter of 2026.

During the second quarter of 2026, the S&P 500 recorded its best quarterly performance since the second quarter of 2020, with a return of 14.9%. Mega-cap technology companies performed poorly in the second quarter of 2026, while semiconductor stocks and those related to data center buildouts rallied. The Middle Coast Investing portfolio returned 12.5% in the second quarter of 2026 and 7.7% year-to-date, compared to the S&P 500 Index's year-to-date return of 9.6%.