Greenskeeper Asset Management, an independent firm that specializes in disciplined value investing, recently released its Q2 2026 scorecard. A copy is available to download here. After a slow start to the year, the Fund gained 10.9% in the quarter, lifting its year-to-date return to 1.9%. The rebound came as markets showed signs of rotating away from momentum stocks and toward companies supported by reasonable valuations. Please review the Fund’s top five holdings to gain insights into their key selections for 2026.
According to Greenskeeper Asset Management’s Q2 2026 investor letter, Intercontinental Exchange, Inc. (NYSE:ICE), a US-based financial services company that provides technology, data, and market infrastructure to financial institutions, corporations, and government entities, detracted from the performance. On August 03, 2026, Intercontinental Exchange, Inc. (NYSE:ICE) closed at $151.80 per share, reflecting a market capitalization of $85.22 billion. Intercontinental Exchange, Inc. (NYSE:ICE) posted a one-month return of 11.25%, and its shares lost 19.00% over the past 52 weeks.
Greenskeeper Asset Management stated the following regarding Intercontinental Exchange, Inc. (NYSE:ICE) in its Q2 2026 investor letter:
“Our largest detractor during the quarter was Intercontinental Exchange, Inc. (NYSE:ICE), which declined 21.7%. The company’s underlying performance remains strong, with revenue and earnings increasing 20% and 34%, respectively, to start the year. Nevertheless, ICE’s shares declined alongside peers including Cboe Global Markets (CBOE) and CME Group (CME), amid concerns of a cyclical peak in earnings.
Investors are also concerned that a relatively new product known as “perpetual futures” could pose a competitive threat to incumbent derivatives exchanges. Trading activity is currently concentrated in cryptocurrency markets, but several recent product announcements have raised concerns that perpetual futures could expand into more traditional asset classes…” (Click here to read the full text)
Intercontinental Exchange, Inc. (NYSE:ICE) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 86 hedge fund portfolios held Intercontinental Exchange, Inc. (NYSE:ICE) at the end of the first quarter, up from 83 in the previous quarter. While we acknowledge the risk and potential of Intercontinental Exchange, Inc. (NYSE:ICE) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Intercontinental Exchange, Inc. (NYSE:ICE) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Intercontinental Exchange, Inc. (NYSE:ICE) and shared L1 Capitals’ insight on the company. In addition, please check out our hedge fund investor letters Q2 2026 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
