CBOE · Cboe Global Markets, Inc.

Back to holdings

Cboe Global Markets, Inc., through its subsidiaries, operates as a derivatives and securities exchange network that delivers cutting-edge trading, clearing, and investment solutions in the United States and internationally. It operates through five segments: Options, North American Equities, Europe and Asia Pacific, Futures, and Global FX. The Options segment includes options on market indices, as well as on the stocks of individual corporations and on trading solutions and products in multiple asset classes, including equities, derivatives, and FX, across North America, Europe, and Asia Pacific (ETPs), such as exchange-traded funds (ETFs) and exchange-traded notes (ETNs); and trading in listed options through a single system.

Close · 3M

+1.25%

Held by 1 AI ETF

AIEQ0.740%

as of Sep 4

Signal performance

Each tracked ETF's moves on this stock, grouped by fund. Returns are measured from the signal date to the latest close — hypothetical, no commissions or slippage.

Buy signals11

Win rate55% (6/11)

Avg buy return+2.87%

AIEQnow 0.740% of fund23 signals

AIEQ · Weight decrease · 2d

weight 1.080% → 0.730% (-0.350 pp)·stock up 4.8% in the 30 days before

Sep 3·entry $298.50·now $298.50

0.00%

since Sep 3

AIEQ · Sudden change · 1d

weight 1.080% → 0.750% (-0.330 pp)·stock up 3.3% in the 30 days before

Sep 1·entry $307.62·now $298.50

-2.96%

since Sep 1

AIEQ · Weight increase · 2d

weight 0.980% → 1.050% (+0.070 pp)·stock up 5.6% in the 30 days before

Aug 23·entry $308.09·now $298.50Fresh

-3.11%

since Aug 23

AIEQ · Weight decrease · 2d

weight 1.000% → 0.980% (-0.020 pp)·stock up 5.8% in the 30 days before

Aug 12·entry $290.98·now $298.50

+2.58%

since Aug 12

AIEQ · Weight decrease · 3d

weight 1.090% → 1.000% (-0.090 pp)·stock up 7.0% in the 30 days before

Aug 8·entry $285.02·now $298.50

+4.73%

since Aug 8

AIEQ · Weight decrease · 2d

weight 1.090% → 1.010% (-0.080 pp)·stock up 7.0% in the 30 days before

Aug 7·entry $286.58·now $298.50

+4.16%

since Aug 7

AIEQ · Weight decrease · 2d

weight 1.270% → 1.090% (-0.180 pp)·stock up 25.2% in the 30 days before

Aug 2·entry $297.83·now $298.50

+0.22%

since Aug 2

AIEQ · Accumulation · 5d

weight 1.100% → 1.210% (+0.110 pp)·stock up 25.2% in the 30 days before

Jul 31·entry $310.23·now $298.50Fresh

-3.78%

since Jul 31

AIEQ · Accumulation · 5d

weight 1.120% → 1.270% (+0.150 pp)·stock up 22.2% in the 30 days before

Jul 30·entry $296.52·now $298.50Fresh

+0.67%

since Jul 30

AIEQ · Accumulation · 5d

weight 1.100% → 1.210% (+0.110 pp)·stock up 33.0% in the 30 days before

Jul 29·entry $307.81·now $298.50Fresh

-3.02%

since Jul 29

AIEQ · Weight increase · 3d

weight 1.100% → 1.170% (+0.070 pp)·stock up 14.2% in the 30 days before

Jul 26·entry $288.87·now $298.50Drifting

+3.33%

since Jul 26

AIEQ · Weight increase · 2d

weight 1.100% → 1.160% (+0.060 pp)·stock up 14.2% in the 30 days before

Jul 24·entry $285.07·now $298.50Drifting

+4.71%

since Jul 24

AIEQ · Weight increase · 2d

weight 0.990% → 1.070% (+0.080 pp)·stock down 4.4% in the 30 days before

Jul 9·entry $267.85·now $298.50Chased

+11.44%

since Jul 9

AIEQ · Weight increase · 2d

weight 0.320% → 1.010% (+0.690 pp)·stock down 9.7% in the 30 days before

Jul 3·entry $245.08·now $298.50Chased

+21.80%

since Jul 3

AIEQ · Sudden change · 1d

weight 0.320% → 0.990% (+0.670 pp)·stock down 17.7% in the 30 days before

Jul 1·entry $247.72·now $298.50

+20.50%

since Jul 1

AIEQ · Weight decrease · 4d

weight 0.410% → 0.350% (-0.060 pp)·stock down 26.5% in the 30 days before

Jun 21·entry $255.98·now $298.50

+16.61%

since Jun 21

AIEQ · Weight decrease · 3d

weight 0.410% → 0.360% (-0.050 pp)·stock down 26.5% in the 30 days before

Jun 18·entry $249.10·now $298.50

+19.83%

since Jun 18

AIEQ · Weight decrease · 2d

weight 0.410% → 0.370% (-0.040 pp)·stock down 22.1% in the 30 days before

Jun 17·entry $254.69·now $298.50

+17.20%

since Jun 17

AIEQ · Weight decrease · 2d

weight 0.430% → 0.410% (-0.020 pp)·stock down 2.9% in the 30 days before

Jun 14·entry $292.91·now $298.50

+1.91%

since Jun 14

AIEQ · Weight increase · 2d

weight 0.390% → 0.430% (+0.040 pp)·stock down 0.9% in the 30 days before

Jun 11·entry $295.90·now $298.50Fresh

+0.88%

since Jun 11

AIEQ · New entry · 1d

stock up 10.9% in the 30 days before

May 30·entry $300.99·now $298.50Fresh

-0.83%

since May 30

AIEQ · Exit · 1d

stock up 16.7% in the 30 days before

May 3·entry $338.91·now $298.50

-11.92%

since May 3

AIEQ · Weight increase · 2d

stock up 6.8% in the 30 days before

Apr 30·entry $300.09·now $298.50Fresh

-0.53%

since Apr 30

Sell signals show what the stock did after the AI exited. A negative number means the AI's exit was well-timed.

Buffett-style framework

Fails the frameworkas of Aug 23

AI ETFs are currently holding Cboe Global Markets and have shown a recent trend of increasing their weight, suggesting a positive outlook or perceived value. This action contrasts with the framework's 'Fail' verdict, which is reached due to the inability to fully assess crucial aspects like management quality, comprehensive financial health, and a margin of safety with the available data.

Circle of CompetenceThe business model of a financial exchange, earning stable fees from transactions and data, provides sufficiently predictable unit economics for a reasonable projection of ten-year cash flows.
Economic MoatCboe benefits from strong network effects, high switching costs for market participants, and significant regulatory barriers to entry, which collectively establish a durable competitive advantage.
ManagementThe provided data is insufficient to assess management's candor, capital allocation discipline, or personal alignment through ownership, preventing a clear judgment.
Financial HealthWhile the current ROE is strong, the absence of historical ROE trends, operating margin details, comprehensive debt analysis, and owner earnings data makes a full assessment of financial health impossible.
Margin of SafetyWithout a basis for a conservative estimate of intrinsic value, it is not possible to determine if the current market price offers a defensible margin of safety.

Cboe Global Markets operates within the circle of competence, demonstrating predictable unit economics, and possesses a strong economic moat. However, a complete assessment under this framework is hindered by insufficient data regarding management's capital allocation, a full historical view of financial health metrics, and the presence of a clear margin of safety. Consequently, the company receives a 'Fail' verdict due to these unassessable but critical stages of the investment framework.

Educational interpretation generated by AI applying frameworks Warren Buffett documented in his shareholder letters and other public writings. Not a statement by Mr. Buffett or Berkshire Hathaway, and not investment advice.