L1 Capital released its “L1 Capital International Fund” fourth-quarter 2025 investor letter, focusing on high-quality companies with favorable valuations. The fund returned 2.2% in Q4 and 9.8% in 2025, compared to the benchmark MSCI World Net Total Return Index in AUD. Check out the top five holdings for 2025.

Intercontinental Exchange, Inc. (NYSE:ICE) was highlighted in L1 Capital’s Q4 2025 letter, offering market infrastructure and technology solutions. ICE stock had an 8.04% one-month return and closed at $172.94 on Jan 14, 2026, with a market cap of $98.995 billion.

ICE remains a top 10 position in L1 Capital’s Fund, despite recent share price pressure due to AI concerns. The stock has recovered 15% from recent lows and is a long-term holding for the firm. Software and Information Services sectors also reflect AI concerns in their share prices.

Intercontinental Exchange, Inc. (NYSE:ICE) is not among the 30 most popular stocks among hedge funds, with 82 hedge fund portfolios holding it at the end of Q3. While acknowledging ICE’s potential, L1 Capital believes certain AI stocks offer greater upside potential with less downside risk. Check out their free report on the best short-term AI stock.

Read more at Yahoo Finance: Intercontinental Exchange (ICE) Fell Due to AI-Related Concerns