Intercontinental Exchange underperformed in Q2 2026 despite 20% revenue growth and 34% earnings increase, per fund letter.
Intercontinental Exchange (NYSE:ICE) shares fell 21.7% in Q2 2026, detracting from Greenskeeper Asset Management’s 10.9% quarterly gain. The stock closed at $151.80 on August 03, 2026, down 19% over the past year, with a market capitalization of $85.22 billion.
Despite the decline, ICE reported strong fundamentals, with revenue and earnings rising 20% and 34%, respectively, in early 2026. The drop aligns with a broader market shift away from momentum stocks toward value-oriented names, according to the fund’s Q2 2026 investor letter.
The fund’s year-to-date return stands at 1.9%, recovering from a slow start to the year. ICE’s one-month return was 11.25%, though its 52-week performance remains negative.