Parnassus Investments released their third-quarter 2025 investor letter, reporting a 2.57% return for their Core Equity Fund, trailing the S&P 500 Index’s 8.12% return. YTD, the fund returned 9.89% compared to the index’s 14.83%. The letter highlighted top holdings like Intercontinental Exchange, Inc. (NYSE: ICE), which saw a 3.52% one-month return and closed at $161.45 per share on December 22, 2025.

In the third quarter 2025 investor letter, Parnassus Core Equity Fund discussed Intercontinental Exchange, Inc. (NYSE: ICE), noting its stable fundamentals despite a decline in share value due to investor rotation. The company operates the NYSE and maintains a market capitalization of $92.06 billion.

Intercontinental Exchange, Inc. (NYSE: ICE) was not among the 30 most popular stocks among hedge funds in Q3 2024, with 82 hedge fund portfolios holding it compared to 84 in the previous quarter. While acknowledging the potential of ICE as an investment, certain AI stocks are seen as offering greater upside potential with less downside risk.

Intercontinental Exchange, Inc. (NYSE: ICE) was also cited in another article as falling due to investor bias towards AI stocks in Q3 2025. Sands Capital Select Growth Strategy echoed this sentiment in their investor letter. For more investor insights, check out the hedge fund investor letters Q3 2025 page for additional perspectives from leading investors.

Read more at Yahoo Finance: Intercontinental Exchange (ICE) Fell Due to Investors’ Rotation