Kingdon Capital Management’s Intercontinental Exchange ICE Stock Holding History

Kingdon Capital Management’s Portfolio ICE Stock Details ICE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-50,000	Closed	-$8.42M	–	82
2025 Q3	$8.42M	Buy	+50,000	New	+$8.93M	1.05%	43
2024 Q2	–	Sell	-85,000	Closed	-$11.7M	–	95
2024 Q1	$11.7M	Buy	+85,000	New	+$11.3M	1.28%	31
2023 Q1	–	Sell	-100,000	Closed	-$10.3M	–	64
2022 Q4	$10.3M	Sell	100,000 -10,000	-9%	-$996K	2.04%	23
2022 Q3	$9.94M	Buy	110,000 +40,000	+57%	+$4.01M	1.27%	21
2022 Q2	$6.58M	Buy	+70,000	New	+$7.48M	1.12%	28
2017 Q2	–	Sell	-260,313	Closed	-$15.6M	–	119
2017 Q1	$15.6M	Buy	260,313 +86,813	+50%	+$5.08M	0.86%	35
2016 Q4	$9.79M	Buy	+173,500	New	+$9.61M	0.47%	63
2014 Q3	–	Sell	-500,000	Closed	-$18.9M	–	173
2014 Q2	$18.9M	Sell	500,000 -375,000	-43%	-$14.6M	0.72%	38
2014 Q1	$34.6M	Buy	875,000 +200,000	+30%	+$8.44M	1.77%	8
2013 Q4	$30.4M	Sell	675,000 -237,500	-26%	-$9.78M	1.39%	11
2013 Q3	$33.1M	Buy	912,500 +161,250	+21%	+$5.84M	1.63%	9
2013 Q2	$26.7M	Buy	+751,250	New	+$25.2M	1.58%	9

Other funds holding ICE

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Harris Associates Chicago, Illinois $75.4B AUM 14.46% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

Norges Bank Oslo, Norway $1T AUM

T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $580B AUM 38.23% 1-Year Est. Return

Kingdon Capital Management's ICE Position: Q4 2025 in Review

Kingdon Capital Management sold out of Intercontinental Exchange (ICE) in Q4 2025, closing a stake of 50,000 shares — an estimated $8.42M sold.

Kingdon Capital Management first reported a position in ICE in Q2 2013 and held it in 12 quarters. The position peaked at $34.6M in Q1 2014. 1,745 funds tracked by Wall St. Rank hold ICE as of Q4 2025.

Kingdon Capital Management reported no remaining Intercontinental Exchange position as of Q4 2025 after selling out during the quarter.
Kingdon Capital Management sold 50,000 Intercontinental Exchange shares in Q4 2025, an estimated $8.42M.
Kingdon Capital Management first reported a position in Intercontinental Exchange in Q2 2013 and held it in 12 quarters.
Kingdon Capital Management's Intercontinental Exchange position peaked at $34.6M in Q1 2014.
1,745 funds tracked by Wall St. Rank held Intercontinental Exchange as of Q4 2025.

Based on Kingdon Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.