Madison Investments, an investment advisor, released its second-quarter 2026 investor letter for the “Madison Large Cap Fund”. A copy of the letter can be downloaded here. In the second quarter, U.S. stock market indices achieved their best performance since 2020, driven largely by a narrow group of Artificial Intelligence-related stocks. As in the pandemic’s early days, […]

President Donald Trump praised prediction markets Wednesday. Hours later, researchers identified 152 Polymarket wallets that made $8 million betting on military outcomes with a 97.2% win rate.“We’re ensuring that America remains the undisputed leader, not only in Bitcoin and crypto,...

The metric analysts pressed hardest on is falling because the company's capital-light marketplace is taking over its volume.

Jeffrey Sprecher, chief executive of Intercontinental Exchange, praised President Trump’s policies on trade and energy dominance, as well as his “big beautiful bill” at a White House meeting with crypto executives Wednesday.

Trump met Leaders of tech and crypto firms, including Coinbase and Ripple, on Wednesday. It’s the next move for the executives after an industry-friendly bill stalled.

Pershing Square Holdings, an investment holding company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. Pershing Square is an alternative asset manager that primarily manages capital in publicly traded investment vehicles, with 98% of its capital structure dedicated to such assets, including Howard Hughes Holdings. This capital […]

Bill Ackman just made Visa a major new bet after the stock trailed the S&P 500 for five straight years. Whether that lag signals a coiled spring or a structural problem depends on threats most investors are not watching closely enough.

Aristotle Capital Management, LLC, an investment management company, released its “Core Equity Fund” Q2 2026 investor letter. A copy of the letter can be downloaded here. The fund returned 14.69% in the second quarter of 2026, slightly trailing the 15.20% gain of the S&P 500 Index as market performance remained highly concentrated in artificial intelligence (AI)-related […]

Here's what changed.

Parnassus Investments, an investment management company, released the “Parnassus Core Equity Fund” second quarter of 2026 investor letter. A copy of the letter can be downloaded here. The fund returned 16.83% in the second quarter of 2026, outperforming the S&P 500’s 15.20% gain. Performance was supported by holdings in Information Technology and Communication Services, as […]

In August 2026, Intercontinental Exchange, Inc. completed several fixed-income offerings totaling about US$3.73 billion in callable senior unsecured and subordinated notes with fixed coupons, alongside reporting strong July trading volumes and open interest across key asset classes. The disclosure that Pershing Square has built a new position in Intercontinental Exchange, highlighting its entrenched financial infrastructure model and recurring revenues, adds an influential investor’s...

Intercontinental Exchange (NYSE: ICE) reports mortgage holder equity at an all time high in its latest ICE Mortgage Monitor. The report highlights the fastest annual home price growth in over a year, signaling shifts in US housing market dynamics. Rising equity levels point to stronger consumer balance sheets and growing interest in ICE's housing data and analytics platform. This surge in mortgage equity is a reminder that Intercontinental Exchange is not the only stock tied to housing and...

Ackman adds six new holdings across his funds, the biggest overhaul in years

Pershing Square's new position centers on an exchange operation generating nearly 70% of earnings and controlling the leading Brent contract.

Wall Street is racing to turn raw compute power into a tradable asset class, but some investors warn that even the most ambitious financing package on record may leave the AI industry dangerously short of what it needs.

Cboe Global's 22% slide contrasts with stronger growth prospects, recurring revenues and an affordable valuation, supporting the case to buy the dip.