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Thematics Asset Management Reduces Stake in Cadence Design Systems
The institutional investor sold 17,491 shares of the software company's stock in the third quarter.
Mar. 14, 2026 at 11:09am
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Thematics Asset Management, an institutional investor, reduced its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 10.6% during the third quarter, according to a recent SEC filing. The firm now owns 146,965 shares of the software maker's stock, making it the 4th largest holding in its portfolio.
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 can signal shifts in market sentiment and future performance expectations for the company.
The details
According to the 13F filing, Thematics Asset Management sold 17,491 shares of Cadence Design Systems stock during the third quarter. The firm now owns approximately 0.05% of the company's outstanding shares, valued at $51.6 million as of the most recent reporting period.
- Thematics Asset Management reduced its stake in Cadence Design Systems during the third quarter of 2026.
The players
Thematics Asset Management
An institutional investor that owns a portfolio of shares 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.
The takeaway
The reduction in Thematics Asset Management's stake in Cadence Design Systems could signal a shift in market sentiment around the company, though the overall institutional ownership remains high at 84.85%. Investors will likely continue to monitor changes in major shareholders' positions as an indicator of the stock's future performance.
