Teachers Retirement System of Kentucky Reduces Cadence Design Systems Stake

Institutional investor sells 13,900 shares of software maker in Q3 2025

Published on Mar. 4, 2026

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Teachers Retirement System of The State of Kentucky reduced its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 20.1% in the 3rd quarter of 2025, according to a recent SEC filing. The firm sold 13,900 shares, leaving it with 55,271 shares of the software maker's stock worth $19.4 million at the end of the reporting period.

Why it matters

Cadence Design Systems is a major player in the electronic design automation (EDA) software market, providing tools used by semiconductor companies, equipment manufacturers, and system designers around the world. Institutional investors like Teachers Retirement System closely monitor and trade shares of leading tech companies like Cadence.

The details

In the 3rd quarter of 2025, Teachers Retirement System of The State of Kentucky sold 13,900 shares of Cadence Design Systems, reducing its total position to 55,271 shares worth $19.4 million. The firm cited portfolio rebalancing as the reason for the sale. Cadence Design Systems' stock price has fluctuated in 2025 amid broader volatility in the tech sector.

  • The share sale occurred in the 3rd quarter of 2025.

The players

Teachers Retirement System of The State of Kentucky

A large institutional investor that manages retirement assets for teachers in the state of Kentucky.

Cadence Design Systems, Inc.

A global provider of electronic design automation (EDA) software, hardware, and intellectual property used to design and verify advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs), and packaging.

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The takeaway

This transaction highlights the ongoing portfolio adjustments and trading activity by major institutional investors in leading technology companies like Cadence Design Systems. While the sale represents a 20% reduction in Teachers Retirement System's Cadence position, the firm still maintains a sizable stake in the EDA software provider.