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Ruane, Cunniff & Goldfarb

Sequoia Fund

Sequoia Fund Intercontinental Exchange Inc stake

total: 59

Sequoia Fund ICE trades

Total transactions:
6
New positions:
1
Added:
1
Reduced:
4
Held since:
2020 Q3
Held for:
23 quarters
Latest activity:
2025 Q4
According to 2026 Q1 report, Sequoia Fund holds 1,015,750 Intercontinental Exchange Inc (ICE) shares with a market value of roughly $159.76M accounting for 4.92% of the overall portfolio. To date, the estimated cost basis is nearly $98.16 for "buy" trades and estimated average "sell" price is $168.58. Sequoia Fund first purchased ICE in 2020 Q3, initially acquiring about 1.24M shares. Since the initial investment in Intercontinental Exchange Inc (ICE), Sequoia Fund has made 5 more transactions.

How many ICE shares does Sequoia Fund currently hold?

According to 2026 Q1 report, Sequoia Fund holds 1,015,750 shares of Intercontinental Exchange Inc (ICE), valued at around $159.76M.

When did Sequoia Fund buy Intercontinental Exchange Inc (ICE)?

Sequoia Fund first invested in Intercontinental Exchange Inc (ICE) in 2020 Q3 at the reported quarter-end price of $100.05 per share.

What's the cost basis of Sequoia Fund's ICE stake?

The estimated cost basis for Intercontinental Exchange Inc (ICE) stake is around $98.16 per share. This represents their average reported price* across all buy transactions

Estimated cost basis*

Weighted AVG buy price:
$98.16
Weighted AVG sell price:
$168.58

Sequoia Fund's historical trades in Intercontinental Exchange Inc

6 results
Period % of
portfolio
Shares
held after*
Reported
price*
Value* % (shares)
of activity
% change
to portfolio
2025 Q4
4.52%
1,015,750
$161.96
$164,510,870
-0.16% (-1,623)
-0.01%
2025 Q1
5.31%
1,017,373
$172.50
$175,496,842
-42.10% (-739,736)
-3.94%
2024 Q4
8.08%
1,757,109
$149.01
$261,826,812
-0.09% (-1,557)
-0.01%
2023 Q3
6.80%
1,758,666
$110.02
$193,488,433
-2.70% (-48,870)
-0.18%
2022 Q2
5.29%
1,807,536
$94.04
$169,980,685
+46.02% (+569,693)
+1.67%
2020 Q3
3.18%
$100.05
new
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
* Estimated cost basis: based on "Reported price*" (not earlier than 2013 Q2). Calculation starts from the latest "new buy" activity to the latest "close out" activity (if any).
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* New buy or own: this means there is no earlier reporting (for us or in general). So we can't know if the actual purchase of the security happened at the reported period or earlier.