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Equity Research Database
Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Intercontinental Exchange’s (ICE) first quarter revenues were much higher than in 2025, its operating margin was higher still, and per-share net income even higher. Quarterly earnings are...
— Murray Stahl
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Other investors who've written on Intercontinental Exchange Inc.
Intercontinental Exchange operates leading global financial exchanges, clearing houses, and market data infrastructure networks, notably including the New York Stock Exchange and dominant mortgage technology networks. The manager views...
The manager cites Intercontinental Exchange as a vital market infrastructure leader benefiting from recurring revenues in data, analytics, clearing, and mortgage technology solutions.
Intercontinental Exchange benefits from a highly diversified business model and secular tailwinds in energy markets driven by the global energy transition. Recent market volatility...
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