Greenskeeper ****** et Management, an independent firm that specializes in disciplined value investing, recently released its Q2 2026 scorecard. A copy is available to download here. After a slow start to the year, the Fund gained 10.9% in the quarter, lifting its year-to-date return to 1.9%. The rebound came as markets showed signs of rotating away from momentum stocks and toward companies supported by reasonable valuations. Please review the Fund's top five holdings to gain insights into their key selections for 2026.
According to Greenskeeper ****** et Management's Q2 2026 investor letter, Intercontinental Exchange, Inc. (NYSE:ICE), a US-based financial services company that provides technology, data, and market infrastructure to financial institutions, corporations, and government entities, detracted from the performance. On August 03, 2026, Intercontinental Exchange, Inc. (NYSE:ICE) closed at $151.80 per share, reflecting a market capitalization of $85.22 billion. Intercontinental Exchange, Inc. (NYSE:ICE) posted a one-month return of 11.25%, and its shares lost 19.00% over the past 52 weeks.
Greenskeeper ****** et Management stated the following regarding Intercontinental Exchange, Inc. (NYSE:ICE) in its Q2 2026 investor letter:
"Our largest detractor during the quarter was Intercontinental Exchange, Inc. (NYSE:ICE), which declined 21.7%. The company's underlying performance remains strong, with revenue and earnings increasing 20% and 34%, respectively, to start the year. Nevertheless, ICE's shares declined alongside peers including Cboe Global Markets (CBOE) and CME Group (CME), amid concerns of a cyclical peak in earnings.
Investors are also concerned that a relatively new product known as "perpetual futures" could pose a competitive threat to incumbent derivatives exchanges. Trading activity is currently concentrated in cryptocurrency markets, but several recent product announcements have raised concerns that perpetual futures could expand into more traditional ****** et classes..." (Click here to read the full text)
#intercontinental #asset #greenskeeper #cboe
According to Greenskeeper ****** et Management's Q2 2026 investor letter, Intercontinental Exchange, Inc. (NYSE:ICE), a US-based financial services company that provides technology, data, and market infrastructure to financial institutions, corporations, and government entities, detracted from the performance. On August 03, 2026, Intercontinental Exchange, Inc. (NYSE:ICE) closed at $151.80 per share, reflecting a market capitalization of $85.22 billion. Intercontinental Exchange, Inc. (NYSE:ICE) posted a one-month return of 11.25%, and its shares lost 19.00% over the past 52 weeks.
Greenskeeper ****** et Management stated the following regarding Intercontinental Exchange, Inc. (NYSE:ICE) in its Q2 2026 investor letter:
"Our largest detractor during the quarter was Intercontinental Exchange, Inc. (NYSE:ICE), which declined 21.7%. The company's underlying performance remains strong, with revenue and earnings increasing 20% and 34%, respectively, to start the year. Nevertheless, ICE's shares declined alongside peers including Cboe Global Markets (CBOE) and CME Group (CME), amid concerns of a cyclical peak in earnings.
Investors are also concerned that a relatively new product known as "perpetual futures" could pose a competitive threat to incumbent derivatives exchanges. Trading activity is currently concentrated in cryptocurrency markets, but several recent product announcements have raised concerns that perpetual futures could expand into more traditional ****** et classes..." (Click here to read the full text)
#intercontinental #asset #greenskeeper #cboe
3 months ago
