Coatue Management Trims Intuit Stake by 20%

Hedge fund reduces position in software maker as part of portfolio rebalancing

Mar. 15, 2026 at 10:37am

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Coatue Management LLC, a prominent hedge fund, has reduced its stake in Intuit Inc. (NASDAQ:INTU) by 19.8% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The firm now owns 839,460 shares of the software maker's stock, down from over 1 million shares previously.

Why it matters

Coatue Management's move to trim its Intuit position is notable as the hedge fund is considered a sophisticated investor with a strong track record. The reduction could signal a shift in Coatue's view on Intuit's growth prospects or valuation, which may influence how other investors perceive the stock.

The details

According to the 13F filing, Coatue sold 206,636 shares of Intuit during the third quarter. The hedge fund now owns approximately 0.30% of Intuit, which was previously its 24th largest holding. The sale comes as Intuit's stock has faced pressure in recent months, with shares down over 40% from their 52-week high.

  • Coatue Management reduced its Intuit stake during the third quarter of 2026.

The players

Coatue Management LLC

A prominent hedge fund that has trimmed its position in Intuit Inc.

Intuit Inc.

A financial software company that offers products like QuickBooks, TurboTax, and Mint.

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The takeaway

Coatue Management's decision to reduce its Intuit stake by nearly 20% suggests the hedge fund sees potential headwinds for the software company, which could influence how other investors view the stock going forward. However, Intuit remains a significant holding for Coatue, indicating the firm still sees long-term value in the company.