Amova Asset Management Reduces Intuit Stake

Hedge fund sells 20,964 shares of software maker in Q3

Mar. 5, 2026 at 8:34am

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Amova Asset Management Americas Inc. reduced its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 29.2% in the 3rd quarter, according to the company's recent filing with the Securities & Exchange Commission. The fund now owns 50,938 shares of the software maker's stock after selling 20,964 shares during the quarter.

Why it matters

Intuit is a major financial software company, and changes in institutional ownership of its stock can provide insights into market sentiment around the company and its products like QuickBooks, TurboTax, and Mint.

The details

Amova Asset Management sold 20,964 shares of Intuit in the third quarter, reducing its total stake in the company to 50,938 shares. The sale represented a 29.2% decrease in Amova's Intuit holdings. Intuit's stock price has fluctuated significantly over the past year, trading between a 52-week low of $349 and a high of $813.70.

  • Amova Asset Management reduced its Intuit stake in the 3rd quarter of 2026.

The players

Amova Asset Management Americas Inc.

A hedge fund that reduced its holdings in Intuit Inc. by 29.2% in the third quarter.

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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The takeaway

The reduction in Amova Asset Management's Intuit stake suggests some institutional investors may be taking a more cautious view on the financial software company's stock performance amid market volatility, though Intuit remains a major player in the personal finance and small business software space.