Intuit Holdings Trimmed by Assetmark Inc.

Asset management firm reduces stake in software company

Apr. 15, 2026 at 7:14am

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A highly detailed, black-and-white close-up image of gears, circuits, and other mechanical components that make up the internal workings of financial technology, conveying the idea of the complex infrastructure behind Intuit's software offerings.An extreme close-up of Intuit's financial software technology hints at the complex systems powering the company's market-leading products.Mountain View Today

Assetmark Inc. has reduced its position in Intuit Inc. (NASDAQ:INTU) by 6.7% in the fourth quarter, according to a recent 13F filing with the Securities and Exchange Commission. The fund now owns 63,782 shares of the software maker's stock, down from 68,347 shares previously.

Why it matters

Intuit is a major financial software provider, with its flagship products including QuickBooks, TurboTax, and Mint. Changes in institutional ownership of the company's stock can provide insights into broader market sentiment and investment trends around fintech and accounting software.

The details

According to the 13F filing, Assetmark Inc. sold 4,565 shares of Intuit during the fourth quarter. The fund's total holdings in Intuit were valued at $42,251,000 as of the most recent reporting period.

  • Assetmark Inc. reduced its Intuit stake in the fourth quarter of 2025.

The players

Assetmark Inc.

An asset management firm that has reduced 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

This filing indicates that at least one institutional investor has reduced its stake in Intuit, potentially signaling a shift in market sentiment around the financial software company. However, Intuit remains a widely held stock among major institutional investors.