Toscafund Asset Management’s Intercontinental Exchange ICE Stock Holding History

Toscafund Asset 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
2015 Q1	–	Sell	-575,000	Closed	-$25.2M	–	9
2014 Q4	$25.2M	Sell	575,000 -250,000	-30%	-$10.7M	8.78%	6
2014 Q3	$32.2M	Sell	825,000 -200,000	-20%	-$7.66M	9.74%	3
2014 Q2	$38.7M	Buy	1,025,000 +150,000	+17%	+$5.85M	12.7%	2
2014 Q1	$34.6M	Buy	875,000 +150,445	+21%	+$6.35M	7.76%	6
2013 Q4	$35.5M	Buy	724,555 +166,630	+30%	+$6.86M	9.12%	2
2013 Q3	$20.2M	Buy	557,925 +54,425	+11%	+$1.97M	9.06%	5
2013 Q2	$17.9M	Buy	+503,500	New	+$16.9M	10.64%	5

Other funds holding ICE

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

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

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

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

HCM

Highfields Capital Management Boston, Massachusetts $68.3M AUM 21.64% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Carmignac Gestion Paris, France $6.51B AUM 19.13% 1-Year Est. Return

JSP

Jackson Square Partners Larkspur, California $247M AUM 20.29% 1-Year Est. Return

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

Toscafund Asset Management's ICE Position: Q1 2015 in Review

Toscafund Asset Management sold out of Intercontinental Exchange (ICE) in Q1 2015, closing a stake of 575,000 shares — an estimated $25.2M sold.

Toscafund Asset Management first reported a position in ICE in Q2 2013 and held it in 7 quarters. The position peaked at $38.7M in Q2 2014. 541 funds tracked by Wall St. Rank hold ICE as of Q1 2015.

Toscafund Asset Management reported no remaining Intercontinental Exchange position as of Q1 2015 after selling out during the quarter.
Toscafund Asset Management sold 575,000 Intercontinental Exchange shares in Q1 2015, an estimated $25.2M.
Toscafund Asset Management first reported a position in Intercontinental Exchange in Q2 2013 and held it in 7 quarters.
Toscafund Asset Management's Intercontinental Exchange position peaked at $38.7M in Q2 2014.
541 funds tracked by Wall St. Rank held Intercontinental Exchange as of Q1 2015.

Based on Toscafund Asset Management's 13F filing for Q1 2015, filed 14 May 2015.