Frank Sands's ICE Position Overview
Frank Sands (via Sands Capital Management, LLC) currently holds 5.5 M shares of Intercontinental Exchange, Inc. (ICE) worth $891.25 M, representing 2.71% of the portfolio. First purchased in 2017-Q1, this long-term strategic position has been held for 36 quarters.
Based on 13F filings, Frank Sands has maintained a strategic position in ICE, demonstrating sustained confidence in this investment. Largest addition occurred in Q2 2025, adding 2.62 M shares. Largest reduction occurred in Q1 2022, reducing 214,245 shares.
Analysis based on 13F filings available since 2013 Q2
Frank Sands's Intercontinental Exchange (ICE) Holding Value Over Time
Track share changes against reported price movement
Quarterly Intercontinental Exchange (ICE) Trades by Frank Sands
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -174,370 | Reduce 3.07% | 5.5 M | $161.96 |
| Q3 2025 | +364,227 | Add 6.86% | 5.68 M | $168.48 |
| Q2 2025 | +2.62 M | Add 97.31% | 5.31 M | $183.47 |
| Q1 2025 | -51,549 | Reduce 1.88% | 2.69 M | $172.50 |
| Q4 2024 | +539,883 | Add 24.49% | 2.74 M | $149.01 |
| Q3 2024 | +1.59 M | Add 260.15% | 2.2 M | $160.64 |
| Q2 2024 | +19,601 | Add 3.31% | 612,078 | $136.89 |
| Q1 2024 | +12,657 | Add 2.18% | 592,477 | $137.43 |
| Q4 2023 | +30,194 | Add 5.49% | 579,820 | $128.43 |
| Q3 2023 | -64,098 | Reduce 10.44% | 549,626 | $110.02 |
| Q2 2023 | -12,612 | Reduce 2.01% | 613,724 | $113.08 |
| Q1 2023 | +7,344 | Add 1.19% | 626,336 | $104.29 |
| Q4 2022 | +12,976 | Add 2.14% | 618,992 | $0.10 |
| Q3 2022 | +67,873 | Add 12.61% | 606,016 | $90.35 |
| Q2 2022 | -20,829 | Reduce 3.73% | 538,143 | $94.04 |
| Q1 2022 | -214,245 | Reduce 27.71% | 558,972 | $132.12 |
| Q4 2021 | -15,435 | Reduce 1.96% | 773,217 | $136.77 |
| Q3 2021 | +9,557 | Add 1.23% | 788,652 | $114.82 |
| Q2 2021 | +87,812 | Add 12.70% | 779,095 | $118.70 |
| Q1 2021 | +102,295 | Add 17.37% | 691,283 | $111.68 |
| Q4 2020 | +20,967 | Add 3.69% | 588,988 | $115.29 |
| Q3 2020 | -8,579 | Reduce 1.49% | 568,021 | $100.05 |
| Q2 2020 | +12,285 | Add 2.18% | 576,600 | $91.60 |
| Q1 2020 | +2,129 | Add 0.38% | 564,315 | $80.75 |
| Q4 2019 | +185,333 | Add 49.18% | 562,186 | $92.55 |
| Q3 2019 | +5,798 | Add 1.56% | 376,853 | $92.27 |
| Q2 2019 | +226,138 | Add 156.05% | 371,055 | $85.94 |
| Q1 2019 | -5,509 | Reduce 3.66% | 144,917 | $76.14 |
| Q4 2018 | -400 | Reduce 0.27% | 150,426 | $75.33 |
| Q3 2018 | -22,725 | Reduce 13.09% | 150,826 | $74.89 |
| Q2 2018 | +1,000 | Add 0.58% | 173,551 | $73.55 |
| Q1 2018 | +57,165 | Add 49.54% | 172,551 | $72.52 |
| Q4 2017 | +93,905 | Add 437.15% | 115,386 | $70.56 |
| Q3 2017 | +4,836 | Add 29.05% | 21,481 | $68.71 |
| Q2 2017 | -350 | Reduce 2.06% | 16,645 | $65.91 |
| Q1 2017 | +16,995 | New Buy | 16,995 | $59.84 |
Frank Sands's Intercontinental Exchange Investment FAQs
Frank Sands first purchased Intercontinental Exchange, Inc. (ICE) in Q1 2017, acquiring 16,995 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Frank Sands has held Intercontinental Exchange, Inc. (ICE) for 36 quarters since Q1 2017.
Frank Sands's largest addition to Intercontinental Exchange, Inc. (ICE) was in Q2 2025, adding 5,313,039 shares worth $974.78 M.
According to the latest 13F filing for Q4 2025, Frank Sands's firm, Sands Capital Management, LLC, owns 5,502,896 shares of Intercontinental Exchange, Inc. (ICE), valued at approximately $891.25 M.
As of the Q4 2025 filing, Intercontinental Exchange, Inc. (ICE) represents approximately 2.71% of Frank Sands's publicly disclosed stock portfolio, making it one of their key holdings.
Frank Sands's peak holding in Intercontinental Exchange, Inc. (ICE) was 5,677,266 shares, as reported at the end of Q3 2025.