LongIBKRJuly 1, 2026

Ayalon Trust Fund (4D) Global Stocks on Interactive Brokers Group, Inc.

Thesis

Interactive Brokers is viewed as one of the largest and most efficient brokerage businesses in the United States, with a highly automated platform and unusually high profitability. The company serves more than four million clients, holds approximately $700 billion of client capital and provides access to more than 170 global exchanges with only about 3,000 employees. The fund highlights superior execution, low customer costs and a business model where much of the profit comes from net interest income. Although the stock trades at an elevated valuation, account growth of more than 30% in 2025 and profit growth near 25% support the manager's expectation for continued expansion. The fund continues to own the shares despite the higher multiple.

I am confident that this company will continue to grow and increase its profits in the future.
Ayalon Trust Fund (4D) Global Stocks — Information Letter for Fiscal Year 2025, Updated for End of Q2 2026

Key risks

  • The shares trade at an elevated P/E multiple

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