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DE Burlo Group Inc. Increases Stake in Intuit Inc.
Institutional investor boosts position in software company by over 770%
Mar. 11, 2026 at 8:52am
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DE Burlo Group Inc., an institutional investor, has significantly increased its stake in Intuit Inc. (NASDAQ:INTU) by 771.2% in the third quarter, according to a recent SEC filing. The investor now owns 26,485 shares of the software maker's stock, valued at $18,087,000.
Why it matters
Intuit's financial software products, including QuickBooks, TurboTax, and Mint, are widely used by individuals and small businesses. The increase in DE Burlo Group's position suggests the investor sees long-term growth potential in Intuit's business, even as the company faces near-term challenges like rising marketing and support costs.
The details
According to the 13F filing, DE Burlo Group added 23,445 shares of Intuit to its portfolio in the third quarter, bringing its total position to 26,485 shares. Intuit now makes up 2.2% of DE Burlo Group's investment portfolio, making it the 24th largest holding.
- DE Burlo Group Inc. increased its Intuit position in the third quarter of 2026.
The players
DE Burlo Group Inc.
An institutional investor that has significantly increased its stake in Intuit Inc.
Intuit Inc.
A financial software company that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals.
The takeaway
The substantial increase in DE Burlo Group's position in Intuit suggests the investor sees long-term growth potential in the company, despite near-term challenges like rising costs. This could signal broader confidence in Intuit's ability to navigate the competitive financial software market.
