Coatue Management Trims Stake in Cadence Design Systems

Hedge fund reduces position in software maker by 33.3% in Q3

Mar. 15, 2026 at 10:49am

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Coatue Management LLC lowered its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 33.3% during the third quarter, according to the company's recent 13F filing with the SEC. The fund owned 472,212 shares of the software maker's stock after selling 235,725 shares during the quarter.

Why it matters

Cadence Design Systems is a major player in the electronic design automation (EDA) software industry, providing tools used by semiconductor companies and system designers. Hedge fund activity in the stock can provide insights into market sentiment and future performance.

The details

Coatue Management reduced its stake in Cadence Design Systems by over one-third in Q3 2026, bringing its total holding to approximately 0.17% of the company's shares outstanding. The move comes as Cadence shares have seen volatility, trading between a 52-week high of $376.45 and low of $221.56 over the past year.

  • Coatue Management filed its Q3 2026 13F report in mid-March 2026, disclosing the reduced stake in Cadence Design Systems.

The players

Coatue Management LLC

A hedge fund that manages over $25 billion in assets and has a history of investing in technology companies.

Cadence Design Systems, Inc.

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

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The takeaway

Coatue Management's reduced stake in Cadence Design Systems reflects the volatility in the EDA software market and the cautious outlook some investors may have on the company's near-term performance. However, Cadence remains a dominant player in its industry, and its long-term growth prospects continue to attract investor interest.