Loading investment pitches...
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.
Explore professional investment ideas sourced from institutional letters, short theses, and premium research channels, distilled into concise summaries.
| Pitch Type | Author | Industry | Pitch Thesis & Key Summary | Bull/Bear | Action | ||
|---|---|---|---|---|---|---|---|
| Sep 2, 2026 | Fund Letter | David G. Herro, Tony Coniaris, Eric Liu, M. Colin Hudson, John A. SitarzOakmark Global Select Fund | Investment Banking & BrokerageCapital Markets | Oakmark Global Select Fund - ICE Intercontinental Exchange (ICE) was the top detractor during the quarter. The financial exchange... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | William C. NygrenOakmark Select Fund | Investment Banking & BrokerageCapital Markets | Oakmark Select Fund - ICE Intercontinental Exchange (ICE) was the top detractor during the quarter. The financial exchange... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Joe Maginot, Haruki Toyama, Rich EisingerMadison Large Cap Fund | Investment Banking & BrokerageCapital Markets | Madison Large Cap Fund - ICE Intercontinental Exchange, an operator of leading financial exchanges and ancillary data products, reported strong results in the quarter, but its stock has been caught up in the broad sell-off in asset-light companies that are perceived as 'AI losers'. Intercontinental Exchange (ICE)... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | David SteinthalL1 Capital International Fund | Investment Banking & BrokerageCapital Markets | L1 Capital International Fund - ICE Intercontinental Exchange and Intuit each detracted from the Fund's performance by more than 1.0%. Intercontinental Exchange (ICE)... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | David SteinthalPlatinum International Fund | Investment Banking & BrokerageCapital Markets | Platinum International Fund - ICE Intercontinental Exchange detracted from Fund performance. Intercontinental Exchange (ICE)... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Tony ConiarisHarris Associates Concentrated Strategy | Investment Banking & BrokerageCapital Markets | Harris Associates Concentrated Strategy - ICE Intercontinental Exchange (ICE) was a detractor during the quarter. The financial exchange... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Michael P. McCloskeyGreensKeeper Value Fund | Investment Banking & BrokerageCapital Markets | GreensKeeper Value Fund - ICE Our largest detractor during the quarter was Intercontinental Exchange (ICE), which declined 21.7%. The company's underlying... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Brian A. Christiansen, David E. Levanson, Daniel PillingSands Capital Global Growth Fund | Investment Banking & BrokerageCapital Markets | Sands Capital Global Growth Fund - ICE Intercontinental Exchange is a leading provider of financial market infrastructure, spanning global exchanges, clearinghouses, fixed income data, and mortgage technology. The business detracted... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Wesley A. Johnston, Thomas H. Trentman, Benjamin H. BetcherSands Capital Select Growth Fund | Investment Banking & BrokerageCapital Markets | Sands Capital Select Growth Fund - ICE Intercontinental Exchange (ICE) is one of the world's largest operators of financial exchanges and clearinghouses. Shares declined as... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Murray StahlHorizon Kinetics | Investment Banking & BrokerageCapital Markets | Horizon Kinetics - ICE 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. The same rising... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | William A. AckmanPershing Square Holdings | Investment Banking & BrokerageCapital Markets | Pershing Square Holdings - ICE We recently established an investment in Intercontinental Exchange, a business we have followed for nearly a decade. Founded in 2000... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Emerald Wealth Partners Focused Equity Strategy | Investment Banking & BrokerageCapital Markets | Emerald Wealth Partners Focused Equity Strategy - ICE Intercontinental Exchange's 21.4% share decline knocked 58 bps from the portfolio's performance. ICE is emblematic... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | ArrowMark Colorado Holdings LLCMeridian Hedged Equity Fund | Investment Banking & BrokerageCapital Markets | Meridian Hedged Equity Fund - ICE Intercontinental Exchange, Inc. is a leading global provider of financial market technology and data, operating a diversified portfolio that includes regulated exchanges, clearing houses, and comprehensive mortgage technology solutions. The company facilitates... | NEUTRAL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | ArrowMark Colorado Holdings LLCMeridian Hedged Equity Fund | Investment Banking & BrokerageCapital Markets | Long ICE (Intercontinental Exchange, Inc.) Intercontinental Exchange benefits from a highly diversified business model and secular tailwinds in energy markets driven by the global energy transition. Recent market volatility... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Brandes Investment Partners, L.P.Brandes Small Cap Value Fund | Application SoftwareSoftware | Long NICE (NICE Ltd.) NICE Ltd. is a Contact Center-as-a-Service (CCaaS) provider, maintaining dual headquarters in Israel and the United States, with a customer base that is predominantly in the U.S. NICE has evolved alon | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Stephen E. GrantValue Line Asset Allocation Fund | Investment Banking & BrokerageCapital Markets | Long ICE (Intercontinental Exchange Inc.) Intercontinental Exchange detracted from quarterly returns as financials faced generalized headwinds. The manager maintains... | BULL | View Pitch → | |
| Aug 11, 2026 | Fund Letter | Mr. FitzpatrickAristotle Core Equity Fund | Investment Banking & BrokerageCapital Markets | Aristotle Core Equity Fund – ICE Intercontinental Exchange detracted from performance in the second quarter following the Commodity Futures Trading Commission's (CFTC) approval of Bitcoin perp... | NEUTRAL | View Pitch → | |
| Feb 25, 2026 | Fund Letter | Dr. Hendrik LeberACATIS Investment | Investment Banking & BrokerageCapital Markets | ACATIS Investment 2025 Q3 (ICE) Most of the large global stock exchanges do not make their money with share trading but with the sale of data. But does the... | BULL | View Pitch → | |
| Feb 20, 2026 | Fund Letter | Freddie LaitLatitude Global Fund | Investment Banking & BrokerageCapital Markets | Latitude Global Fund 2025 Q4 (ICE) During the summer, the market began to value all information services companies as losers due to AI. 25% from peak.... | BULL | View Pitch → | |
| Jan 28, 2026 | Fund Letter | Murray StahlHorizon Kinetics | Investment Banking & BrokerageCapital Markets | Horizon Kinetics 2025 Q4 (ICE) Intercontinental Exchange (ICE) is another holding in most client portfolios that derived from a private securities exchange. Just about 20... | BULL | View Pitch → | |
| Jan 20, 2026 | Fund Letter | David SteinthalL1 Capital International Fund | Investment Banking & BrokerageCapital Markets | L1 Capital International Fund 2025 Q4 (ICE) Intercontinental Exchange (ICE) is a long-term holding and remains a top 10 position in the Fund. ICE's share price... | BULL | View Pitch → | |
| Nov 28, 2025 | Fund Letter | ArrowMark Colorado Holdings LLCMeridian Hedged Equity Fund | Investment Banking & BrokerageCapital Markets | Meridian Hedged Equity Fund 2025 Q3 (ICE) Intercontinental Exchange, Inc. operates a global network of exchanges, clearing houses, and data services spanning major asset classes, including energy, equities, fixed income, and U.S. residential mortgages. We like the... | BULL | View Pitch → | |
| Nov 28, 2025 | Fund Letter | Delaware Management Company (now part of Nomura Asset Management)Macquarie Large Cap Growth Fund | Investment Banking & BrokerageCapital Markets | Macquarie Large Cap Growth Fund 2025 Q3 (ICE) ICE, which operates wide moat commodity exchanges, mainly futures and options for energy, as well as a mortgage technology business, fell out of favor during the quarter. Trading volumes slowed... | BULL | View Pitch → |
Join institutional and professional investors receiving our weekly analysis of hedge fund letters, market trends, and high-conviction ideas.
Zero Spam • High Alpha • Unsubscribe Anytime
Investment pitches and theses displayed on Buyside Digest are summaries of opinions expressed in publicly available investor letters, research reports, or other commentary. These summaries are generated for informational and research purposes only and do not constitute investment recommendations, financial advice, or an endorsement of any particular security or strategy by Buyside Digest. Users should conduct their own independent due diligence and consult with professional advisors before making any investment decisions.