Sands Capital acquired 2.69 Million Intercontinental Exchange shares worth $489 Million. That's 1.37% of their equity portfolio (23rd largest holding). The first Intercontinental Exchange trade was made in Q1 2017. Since then Sands Capital bought shares twenty more times and sold shares on twelve occasions. The stake costed the investor $353 Million, netting the investor a gain of 39% so far.
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