Strong results in Q1 boosted Intercontinental Exchange (ICE) stock price for Oakmark Select Fund

From Yahoo Finance: 2025-04-17 08:18:00

Oakmark Funds, advised by Harris Associates, released its “Oakmark Select Fund” first quarter 2025 investor letter, showing a -1.15% return compared to the S&P 500 Index’s -4.27%. Top contributing sectors were industrials and financials. The fund’s top 5 holdings for 2025 can be checked for insights.

In its first-quarter 2025 investor letter, Oakmark Select Fund highlighted Intercontinental Exchange, Inc. (NYSE:ICE), a company offering market infrastructure and technology solutions. ICE’s one-month return was -8.78%, with shares gaining 21.19% over the last 52 weeks, closing at $158.44 per share on April 16, 2025.

Intercontinental Exchange, Inc. (NYSE:ICE) was the top contributor for Oakmark Select Fund in Q1 2025, with its stock price rising due to solid fourth-quarter 2024 results. Management resumed share repurchases in Q1, reflecting confidence in the company’s future. ICE is seen as a well-managed, high-quality business.

Intercontinental Exchange, Inc. (NYSE:ICE) is not among the 30 Most Popular Stocks Among Hedge Funds, but 91 hedge fund portfolios held it at the end of the fourth quarter. While ICE shows potential as an investment, focus remains on AI stocks for higher returns. Check out the report on the cheapest AI stock for promising investments.

Read more: Solid Results Lifted Intercontinental Exchange (ICE) in Q1