Brown Brothers Harriman & Co. Reduces Stake in Cadence Design Systems

The investment firm lowered its position in the software maker's stock by 0.8% in the third quarter.

Mar. 14, 2026 at 7:35am

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According to a recent SEC filing, Brown Brothers Harriman & Co. lowered its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 0.8% in the third quarter. The firm owned 486,453 shares of the software maker's stock, making it Cadence Design Systems' 28th largest institutional investor.

Why it matters

Cadence Design Systems is a major player in the electronic design automation (EDA) software industry, providing tools and solutions used by semiconductor companies, OEMs, and system designers globally. Changes in institutional ownership of the stock can signal shifts in market sentiment and influence the company's stock price performance.

The details

Brown Brothers Harriman & Co. sold 3,823 shares of Cadence Design Systems stock during the third quarter, reducing its overall position to 486,453 shares. This represented approximately 1.0% of the firm's portfolio at the end of the quarter. Cadence Design Systems is a leading provider of software, hardware, and intellectual property used in the design and verification of advanced semiconductor chips, systems-on-chip, printed circuit boards, and packaging.

  • The filing covers the third quarter of 2026.

The players

Brown Brothers Harriman & Co.

A private investment and advisory firm that manages assets for high-net-worth individuals, families, and institutions.

Cadence Design Systems, Inc.

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

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The takeaway

This filing highlights the ongoing shifts in institutional ownership of Cadence Design Systems, a key player in the critical EDA software market. While Brown Brothers Harriman reduced its stake slightly, the company remains an important institutional investor in Cadence, reflecting the stock's continued appeal among major financial firms.