Does Intercontinental Exchange (ICE) Have Long Runway for Growth?

1 hour ago 1

Soumya Eswaran

Tue, July 14, 2026 astatine 8:37 AM CDT 3 min read

Harris Oakmark precocious released its second-quarter 2026 capitalist missive for the "Oakmark Select Fund". A transcript of the missive tin beryllium downloaded here. Oakmark Select Fund is simply a non-diversified money that aims to present superior appreciation by investing successful mid- and large-cap US companies. In the quarter, the Fund (investor class) trailed the S&P 500 Index, returning 9.39% vs. 15.20 % for the index. At the assemblage level, wellness attraction and user staples contributed to performance, portion accusation exertion and vigor detracted. Investors continued to favour companies perceived to beryllium nonstop beneficiaries of AI spending successful a constrictive enactment environment. In this landscape, the steadfast remains focused connected owning undervalued companies alternatively than chasing the market's astir fashionable themes. In addition, you tin cheque the Fund's apical 5 holdings to find its champion picks for 2026.

According to Oakmark Select Fund's Q2 2026 capitalist letter, Intercontinental Exchange, Inc. (NYSE:ICE), a US-based fiscal services institution that provides technology, data, and marketplace infrastructure to fiscal institutions, corporations, and authorities entities, detracted from the show owed to investors' concerns and competitory pressure. On July 13, 2026, Intercontinental Exchange, Inc. (NYSE:ICE) closed astatine $137.67 per share, reflecting a marketplace capitalization of $77.85 billion. Intercontinental Exchange, Inc. (NYSE:ICE) posted a one-month instrumentality of -2.56%, and its shares mislaid 23.43% implicit the past 52 weeks.

Oakmark Select Fund stated the pursuing regarding Intercontinental Exchange, Inc. (NYSE:ICE) successful its Q2 2026 capitalist update:

"Intercontinental Exchange, Inc. (NYSE:ICE) was the apical detractor during the quarter. The fiscal speech and information company's banal terms declined owed to marketplace concerns astir AI disruption and imaginable contention from caller exchanges launching perpetual futures. We bash not presumption either of these developments arsenic credible threats to ICE's business, which benefits from beardown web effects. The institution continues to turn its net per stock astatine a double-digit clip and instrumentality the bulk of escaped currency travel to shareholders. We judge ICE is simply a durable concern with a agelong runway for growth."

Why Mesa Royalty Trust's (MTR) 2025 Distribution Rose Despite Lower Royalty Income

Intercontinental Exchange, Inc. (NYSE:ICE) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 86 hedge money portfolios held Intercontinental Exchange, Inc. (NYSE:ICE) astatine the extremity of the archetypal quarter, up from 83 successful the erstwhile quarter. In Q1 2026, Intercontinental Exchange, Inc.'s (NYSE:ICE) net revenues reached a grounds $3 billion, up 18% year-over-year. While we admit the imaginable of Intercontinental Exchange, Inc. (NYSE:ICE) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

Read Entire Article