Who owns S&P Dow Jones Indices LLC

S&P Dow Jones Indices LLC - Profile

S&P Dow Jones Indices LLC creates, calculates, maintains and licenses financial market indices, including the S&P 500, the Dow Jones Industrial Average and the Dow Jones Transportation Average, along with fixed income, commodity, volatility, thematic and digital asset benchmarks. Its indices are used to measure market performance and are licensed to asset managers and exchanges as the basis for index funds, exchange traded funds, futures, options and structured products, so its revenue comes from data subscriptions, asset based licence fees on tracking funds and fees on exchange traded derivatives. The company was formed in 2012 and is based at 55 Water Street in New York. It combined the S&P Indices business contributed by McGraw Hill, now S&P Global, with the Dow Jones Indexes business contributed through the CME Group and Dow Jones venture, and the arrangement also gave CME Group extended exclusive rights to list futures and options on S&P indices.

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