Martingale Asset Management Trims Intuit Stake

Investment firm sells 3,292 shares of software maker's stock in Q3

Mar. 13, 2026 at 10:52am

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Martingale Asset Management L.P., an investment management firm, reduced its holdings in Intuit Inc. (NASDAQ:INTU) by 6.5% during the third quarter, according to a recent SEC filing. The firm now owns 47,121 shares of the software maker's stock, valued at $32,179,000.

Why it matters

Intuit is a major player in the financial software industry, with popular products like QuickBooks, TurboTax, and Mint. Tracking institutional investor activity in the stock can provide insights into market sentiment and potential future performance.

The details

According to the 13F filing, Martingale Asset Management sold 3,292 shares of Intuit during the third quarter. The firm now holds a 0.8% stake in the company, making it Intuit's 23rd largest institutional investor. Intuit's stock price has fluctuated in recent months, with shares trading between $349 and $813 over the past year.

  • Martingale Asset Management reduced its Intuit holdings in the third quarter of 2026.

The players

Martingale Asset Management L.P.

An investment management firm that reduced its stake in Intuit Inc. during the third quarter.

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.

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The takeaway

This filing highlights the ongoing shifts in institutional ownership of Intuit, a leading financial software provider. While Martingale Asset Management trimmed its position, the stock remains widely held by other major investors, reflecting the company's strong market position and growth potential.