Intercontinental Exchange
1,745 hedge funds and large institutions have $139B invested in Intercontinental Exchange in 2025 Q4 according to their latest regulatory filings, with 212 funds opening new positions, 642 increasing their positions, 680 reducing their positions, and 127 closing their positions.
67% more first-time investments, than exits
New positions opened: 212 | Existing positions closed: 127
60% more capital invested
Capital invested by funds: $86.8B → $139B (+$52.1B)
58% more call options, than puts
Call options by funds: $374M | Put options by funds: $237M
11.38% more ownership
Funds ownership: 89.94% → 101.32% (+11%)
3% more funds holding
Funds holding: 1,694 → 1,745 (+51)
6% less repeat investments, than reductions
Existing positions increased: 642 | Existing positions reduced: 680
12% less funds holding in top 10
Funds holding in top 10: 41 → 36 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JSC
J. Stern & Co
London,
United Kingdom
|
+$8.42B |
| 2 |
Harris Associates
Chicago,
Illinois
|
+$844M |
| 3 |
Viking Global Investors
Stamford,
Connecticut
|
+$752M |
| 4 |
BlackRock
New York
|
+$336M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
+$300M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$935M |
| 2 |
Lazard Asset Management
New York
|
-$490M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$367M |
| 4 |
Bank of New York Mellon
New York
|
-$362M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$349M |
ICE Hedge Fund Activity: Q4 2025 in Review
1,745 institutional investors reported a position in Intercontinental Exchange (ICE) for Q4 2025, worth a combined $139B — up 60% from $86.8B a quarter earlier.
Buyers outnumbered sellers: 212 funds opened new ICE positions and 127 closed out — a net gain of 85 holders — while 642 added to existing stakes and 680 trimmed.
The largest buyer was J. Stern & Co, adding an estimated $8.42B. The largest seller was Bank of America, cutting an estimated $935M.
- 1,745 institutional investors held Intercontinental Exchange (ICE) as of Q4 2025, up from 1,694 in Q3 2025.
- Funds reported $139B of Intercontinental Exchange stock for Q4 2025, up 60% quarter-over-quarter.
- 212 funds opened new Intercontinental Exchange positions in Q4 2025 and 127 closed out, a net change of +85 holders.
- The largest Intercontinental Exchange buyer in Q4 2025 was J. Stern & Co, an estimated $8.42B added.
- The largest Intercontinental Exchange seller in Q4 2025 was Bank of America, an estimated $935M sold.
Based on aggregated 13F filings for Q4 2025.