Brevan Howard Trims Intuit Stake by Nearly 70%

Institutional investor sells 9,995 shares of software maker's stock

Mar. 17, 2026 at 8:19am

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Brevan Howard Capital Management LP reduced its holdings in Intuit Inc. (NASDAQ:INTU) by 69.7% during the third quarter, according to a recent SEC filing. The institutional investor now owns 4,335 shares of the software maker's stock, valued at $2.96 million at the end of the reporting period.

Why it matters

Intuit is a major financial software provider, so changes in institutional ownership of its stock can provide insights into market sentiment around the company and its products. Brevan Howard's significant reduction in its Intuit position may signal broader concerns about the stock's performance or the company's outlook.

The details

According to the filing, Brevan Howard sold 9,995 shares of Intuit stock during the third quarter, leaving it with a remaining position of 4,335 shares. The stock sale resulted in a 69.7% reduction in Brevan Howard's holdings of the software maker's shares.

  • Brevan Howard made the stock sales during the third quarter of the year.

The players

Brevan Howard Capital Management LP

An institutional investment management firm based in the United Kingdom.

Intuit Inc.

A financial software company headquartered in Mountain View, California, known for products like QuickBooks, TurboTax, and Mint.

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The takeaway

Brevan Howard's significant reduction in its Intuit holdings could signal broader concerns about the stock's performance or the company's outlook, though the reasons behind the move are not entirely clear. Investors will likely watch for any further changes in institutional ownership of Intuit shares in the coming quarters.