Three Bays Capital’s Intercontinental Exchange ICE Stock Holding History

Three Bays Capital’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
2018 Q3	–	Sell	-780,230	Closed	-$57.4M	–	21
2018 Q2	$57.4M	Sell	780,230 -33,500	-4%	-$2.44M	2.23%	12
2018 Q1	$59M	Buy	813,730 +154,000	+23%	+$11.3M	4.09%	8
2017 Q4	$46.6M	Sell	659,730 -310,000	-32%	-$21.3M	2.62%	12
2017 Q3	$66.6M	Sell	969,730 -89,100	-8%	-$5.87M	4.95%	9
2017 Q2	$69.8M	Buy	1,058,830 +114,000	+12%	+$6.99M	5.56%	7
2017 Q1	$56.6M	Sell	944,830 -272,500	-22%	-$15.9M	4.64%	10
2016 Q4	$68.7M	Sell	1,217,330 -619,400	-34%	-$34.3M	3.16%	10
2016 Q3	$98.9M	Hold	1,836,730	–	–	6.57%	7
2016 Q2	$94M	Sell	1,836,730 -1,214,500	-40%	-$61.3M	4.89%	8
2016 Q1	$143M	Buy	3,051,230 +1,136,060	+59%	+$55.3M	9.29%	3
2015 Q4	$98.2M	Sell	1,915,170 -106,330	-5%	-$5.35M	4.41%	9
2015 Q3	$95M	Hold	2,021,500	–	–	4.76%	7
2015 Q2	$90.4M	Sell	2,021,500 -952,500	-32%	-$44.2M	3.75%	9
2015 Q1	$139M	Buy	2,974,000 +115,000	+4%	+$5.18M	5.84%	6
2014 Q4	$125M	Buy	+2,859,000	New	+$123M	7.99%	3

Other funds holding ICE

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

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

Janus Henderson Group London, United Kingdom $209B AUM 37.72% 1-Year Est. Return

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Three Bays Capital's ICE Position: Q3 2018 in Review

Three Bays Capital sold out of Intercontinental Exchange (ICE) in Q3 2018, closing a stake of 780,230 shares — an estimated $57.4M sold.

Three Bays Capital first reported a position in ICE in Q4 2014 and held it in 15 quarters. The position peaked at $143M in Q1 2016. 828 funds tracked by Wall St. Rank hold ICE as of Q3 2018.

Three Bays Capital reported no remaining Intercontinental Exchange position as of Q3 2018 after selling out during the quarter.
Three Bays Capital sold 780,230 Intercontinental Exchange shares in Q3 2018, an estimated $57.4M.
Three Bays Capital first reported a position in Intercontinental Exchange in Q4 2014 and held it in 15 quarters.
Three Bays Capital's Intercontinental Exchange position peaked at $143M in Q1 2016.
828 funds tracked by Wall St. Rank held Intercontinental Exchange as of Q3 2018.

Based on Three Bays Capital's 13F filing for Q3 2018, filed 14 Nov 2018.