Dodge & Cox Reduces Stake in Cadence Design Systems

Investment firm sells nearly 6,000 shares of software company

Mar. 14, 2026 at 8:09am

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Dodge & Cox, a major investment management firm, reduced its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 2.4% during the third quarter, according to a recent 13F filing. The firm sold 5,947 shares, leaving it with 240,525 shares worth approximately $84.5 million as of the filing.

Why it matters

Cadence Design Systems is a leading provider of electronic design automation (EDA) software and services, used by semiconductor companies and other technology firms to design and verify advanced chips and systems. Changes in major institutional investors' holdings can signal shifts in market sentiment around the company.

The details

According to the 13F filing, Dodge & Cox sold 5,947 shares of Cadence Design Systems during the third quarter, reducing its total position to 240,525 shares. The firm owned approximately 0.09% of Cadence Design Systems' outstanding stock as of the filing. Other major institutional investors in Cadence include Vanguard Group, State Street Corp, and Massachusetts Financial Services Co.

  • Dodge & Cox reduced its stake in Cadence Design Systems during the 3rd quarter of 2026.

The players

Dodge & Cox

A major investment management firm that reduced its stake in Cadence Design Systems.

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 filing indicates that one of Cadence Design Systems' largest institutional investors has reduced its position in the company, which could signal a shift in market sentiment around the stock. However, Cadence remains a dominant player in the EDA software market, and its long-term growth prospects appear intact.