Fisher Asset Management Trims Intuit Stake

Institutional investor reduces holding in software maker by 8.9% in Q3

Published on Mar. 2, 2026

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Fisher Asset Management LLC, an institutional investor, decreased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 8.9% in the third quarter, according to a recent SEC filing. The firm now owns approximately 2.5 million shares of the software maker's stock, valued at $1.73 billion.

Why it matters

Intuit is a major player in the financial software and services industry, with popular products like QuickBooks, TurboTax, and Mint. Changes in ownership by large institutional investors can signal shifts in market sentiment around the company's performance and future prospects.

The details

According to the 13F filing, Fisher Asset Management sold 245,547 shares of Intuit stock during the third quarter. The firm now owns about 0.91% of Intuit's outstanding shares. The move comes as Intuit's stock price has seen significant volatility, dropping from a 52-week high of $813.70 to around $409 as of the latest trading session.

  • The 13F filing covers the third quarter of 2026.
  • Intuit's stock price has ranged from $349.00 to $813.70 over the past 52 weeks.

The players

Fisher Asset Management LLC

An institutional investment management firm that decreased its stake in Intuit by 8.9% in Q3 2026.

Intuit Inc.

A financial software company that develops and sells cloud-based products for individuals, small businesses, and accounting professionals, including QuickBooks, TurboTax, and Mint.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

The reduction in Fisher Asset Management's Intuit holdings reflects the broader market volatility and uncertainty surrounding the financial software company's performance. Investors will be closely watching Intuit's upcoming earnings reports and guidance to gauge the company's resilience in the face of macroeconomic headwinds.