Sands Capital released its Q3 2025 investor letter, reporting a 6.3% return for its Select Growth Strategy. U.S. large-cap growth equities recovered from a sell-off in early April, driven by strong corporate earnings, AI enthusiasm, and Federal Reserve policy easing expectations, though underperforming the benchmark’s 10.5% gain.

Intercontinental Exchange, Inc. (NYSE:ICE) was highlighted in Sands Capital’s Q3 2025 letter, with a one-month return of 3.76% and a 52-week loss of 3.04%. On November 26, 2025, ICE stock closed at $156.29 per share, with a market capitalization of $89.464 billion, providing market infrastructure, data services, and technology solutions.

In its Q3 2025 investor letter, Sands Capital discussed Intercontinental Exchange, Inc. (NYSE:ICE) as a leading derivatives exchange and clearinghouse, noting strong sales and earnings growth. The company’s Mortgage Technology division showed improved profitability, contributing to its long-term growth potential. ICE stock is not in the top 30 holdings among hedge funds, with 84 portfolios holding it in the second quarter.

Intercontinental Exchange, Inc. (NYSE:ICE) was not among the top 30 stocks held by hedge funds in Q2, with 84 portfolios investing in it. While recognizing its potential, Sands Capital believes certain AI stocks offer greater upside with less downside risk. Investors seeking undervalued AI stocks can explore a free report on the best short-term AI stock.

Read more at Yahoo Finance: Intercontinental Exchange (ICE) Fell Due to Investors’ Bias Toward AI Stocks