What smart money is saying about CBOE Global Markets
No fund has written a full thesis on CBOE Global Markets in our archive, but 5 fund letters report a position in it — most recently Manole Capital Management FINTECH Strategy in September 2026.
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Position history
Between Q1 2025 and Q3 2026, 5 fund letters reported a position in CBOE Global Markets, with 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 0 | 0 |
| Q2 2026 | 2 | 0 | 1 | 0 |
| Q1 2025 | 1 | 0 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 5 positions · 1 move
- HoldsManole Capital Management FINTECH StrategySeptember 2026
“Today's exchange landscape extends far beyond the trading pits depicted in Trading Places. Organizations such as CME Group, Intercontinental Exchange, Nasdaq, and CBOE Global Markets facilitate enormous amounts of trading activity.”
CBOE Global Markets - September 2026
“Staying with Financials, Cambiar’s holdings in the sector held up well vs. the index, resulting in a positive contribution to relative performance for the quarter. Although the portfolio incurred drawdowns in Prosperity Bancshares and Lazard, strong gains from non-bank holdings such as WEX, Reinsurance Group of America, and CBOE Global Markets provided a good offset.”
CBOE Global Markets - June 2026
“Cboe is a securities and derivatives exchange; their resilient business model offers a heightened levelCambiar SMID Fund Commentary | 2Q 2026 3 of revenue/earnings visibility and serves as a good complement to the portfolio’s more credit-sensitive bank holdings. The recent weakness is due to a combination of AI disruption fears (Cboe has a software segment) and the more recent approval of perpetual futures (‘perps’) trading in prediction markets. We view these risks to be overstated, and continue to maintain our investment in this quality franchise.”
CBOE Global Markets - June 2026
“Despite the generally strong trend of ‘bring your own power’ and the spectacular success of its closest competitor, Bloom Energy, Ceres’ price declined as no major announcement on its various partnerships were released over the quarter. CBOE shares de-rated sharply as investors feared that the rapid rise of prediction-market and event-contract platforms could erode the moat around its core index-options franchise, despite the company continuing to report strong volumes and earnings. We have exited or managed the sizes of detractors consistent with our risk management practices.”
CBOE Global Markets - March 2025
Listed in RS Mid Cap Value Strategy’s reported holdings.
CBOE Global Markets
Also mentioned · 2
These funds discuss CBOE Global Markets — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedGreensKeeper Value FundJune 2026
“Nevertheless, ICE’s shares declined alongside peers including Cboe Global Markets (CBOE) and CME Group (CME), amid concerns of a cyclical peak in earnings.”
CBOE Global Markets - MentionedHorizon Kinetics Market CommentaryJune 2026
“Two of them—MIAX and CBOE—are substantially higher than they were 12 months ago and more than the S&P 500.”
CBOE Global Markets
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