Billionaire Dan Loeb’s Top Stock Picks

Page 9 of 15

7. Intercontinental Exchange, Inc. (NYSE:ICE)

Number of Hedge Fund Holders: 84 

Third Point’s Stake: $334.9 million

Intercontinental Exchange, Inc. (NYSE:ICE) operates regulated exchanges and is based in Georgia. The following attributes highlight why this company presents a compelling case for investment. To begin with, an 11% year-over-year increase in Total Open Interest (OI) was witnessed in the report for the third quarter of 2024, indicating a growing number of active contracts, suggesting increased investor interest. In addition, the 2% rise in Average Daily Volume (ADV) showed steady trading activity. Record high 4Q24 ADV of 22% and 2024 ADV of 24% reflected strong market momentum and higher trading volumes throughout the year. Secondly, the company has announced the listing of a new futures contract for Maryland Compliance Non-Black Liquor Renewable Energy Credit Tier 1. This addition would enhance the company’s environmental future offerings, fulfilling the demands for renewable energy credits.

Page 9 of 15