ClearBridge Large Cap Growth Strategy Sold Intercontinental Exchange (ICE) as The Stock Re-Rated

2 months ago 22

Soumya Eswaran

Tue, Apr 8, 2025, 7:48 AM 3 min read

ClearBridge Investments, an concern absorption company, released its “ClearBridge Large Cap Growth Strategy” archetypal 4th 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. The bulk of maturation indexes entered correction territory during the quarter, owed to unit from the chaotic tariff implementation, concerns astir a weakening U.S. economy, and accrued inflation. Against this backdrop, the strategy outperformed the benchmark, driven by diversified banal enactment and an underweight vulnerability to the Magnificent Seven. The S&P 500 Index declined 4.27% successful the 4th and the benchmark Russell 1000 Growth Index (RLG) fell 9.97%. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its archetypal 4th 2025 capitalist letter, ClearBridge Large Cap Growth Strategy emphasized stocks specified arsenic Intercontinental Exchange, Inc. (NYSE:ICE). Intercontinental Exchange, Inc. (NYSE:ICE) offers marketplace infrastructure, information services, and exertion solutions for fiscal institutions, corporations, and authorities entities. The one-month instrumentality of Intercontinental Exchange, Inc. (NYSE:ICE) was -8.14%, and its shares gained 14.50% of their worth implicit the past 52 weeks. On April 7, 2025, Intercontinental Exchange, Inc. (NYSE:ICE) banal closed astatine $154.65 per stock with a marketplace capitalization of $88.86 billion.

ClearBridge Large Cap Growth Strategy stated the pursuing regarding Intercontinental Exchange, Inc. (NYSE:ICE) successful its Q1 2025 capitalist letter:

"To assistance money these additions, we exited our presumption successful Alcon, a aesculapian instrumentality institution focused connected oculus attraction products and solutions for surgical procedures and user use, and Intercontinental Exchange, Inc. (NYSE:ICE), an relation of securities exchanges and supplier of fixed income, information services and owe exertion solutions. We purchased Alcon successful 2020 aft surgical disruptions owed to COVID-19 created a unsocial buying opportunity. At the time, Alcon had large affirmative cycles successful some of its halfway businesses arsenic good arsenic the accidental to grow margins by investing successful caller manufacturing and leveraging its commercialized investment. We sold down the presumption gradually arsenic the banal approached what we viewed arsenic just value. Similarly, we sold ICE arsenic the banal has re-rated higher owed to expectations for affirmative alteration successful lodging fundamentals supporting its owe business."

An capitalist intently focused connected the banal speech monitor.

Intercontinental Exchange, Inc. (NYSE:ICE) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 91 hedge money portfolios held Intercontinental Exchange, Inc. (NYSE:ICE) astatine the extremity of the 4th fourth compared to 84 successful the 3rd quarter. While we admit the imaginable of Intercontinental Exchange, Inc. (NYSE:ICE) arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns, and doing truthful wrong a shorter timeframe. If you are looking for an AI banal that is arsenic promising arsenic NVIDIA but that trades astatine little than 5 times its earnings, cheque retired our study astir the cheapest AI stock.