Who owns S&P Dow Jones Indices LLC

The disclosed stakes

One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.

Where each figure comes from

A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.

• CME Group Inc., as of 31 Dec 2025. S&P Dow Jones Indices LLC is a joint venture, not a share-issuing corporation, so the 27% interest is an LLC membership interest, not a share count; shares stays null by design. FY2025 10-K: 'The company owns a 27% interest in S&P Dow Jones Indices LLC and accounts for its investment in S&P Dow Jones Indices LLC using the equity method of accounting. The carrying amount of the company's investment in S&P Dow Jones Indices LLC was $1.4 billion at December 31, 2025.' This carrying amount is disclosed individually for this investee (not a combined multi-investee balance), so it is used directly as value_usd. CME also holds a long-term, ownership-linked exclusive license from S&P/DJI to list S&P 500 and related index futures and options; the S&P License Agreement runs until one year after CME ceases to own at least 5% of S&P/DJI (accounting for dilution). CME's Q2 2026 10-Q (filed 24 Jul 2026) does not repeat the long-term investments footnote or update this carrying amount or percentage, so the most current sourced figures remain the FY2025 year-end values. source
• S&P Global Inc.. S&P Global fully consolidates S&P Dow Jones Indices LLC in its financial statements; this is a majority-owned but not wholly owned joint venture, recorded here per the research brief rather than excluded as a subsidiary. CME Group's 27 percent minority share is carried as a redeemable noncontrolling interest of 5,024,000,000 dollars at 30 June 2026 (4,914,000,000 dollars at 31 December 2025). That figure is CME's stake, not S&P Global's, and is deliberately excluded from value_usd here. Applying the same implied per-unit value to S&P Global's 73 percent would suggest an enterprise value near 18.2 billion dollars for the whole venture and roughly 13.3 billion dollars for S&P Global's share (4,914,000,000 / 0.27 x 0.73), but that arithmetic is not itself filed, so it is not entered as value_usd. Correction, 17 August 2026: pct_of_target read 0.73 here, a fraction written into a field that every other holding in this database states as a percentage, so the page showed S&P Global holding 0.73 percent of a venture it majority owns and consolidates. Restated to 73. Nothing about the underlying stake changed. Three statements in this same row already said 73 or 27 in words, and cme-group.json, researched independently, puts CME's side of the same joint venture at 27 percent. sourcesource 2