Nordea Investment Trims Cadence Design Systems Stake

Nordea Investment Management AB reduces its holdings in the software maker by 46%

Mar. 23, 2026 at 9:48am

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Nordea Investment Management AB has decreased its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 46.0% during the fourth quarter, according to a recent SEC filing. The fund now owns 373,501 shares of the software maker's stock after selling 318,632 shares.

Why it matters

Cadence Design Systems is a major provider of electronic design automation software and services, serving semiconductor companies, OEMs, and system designers globally. Changes in institutional ownership can signal shifts in market sentiment around the company.

The details

Nordea Investment Management, a large European asset manager, reduced its position in Cadence Design Systems by selling 318,632 shares during the fourth quarter. This brought its total holdings down to 373,501 shares, or 0.14% of the company's outstanding stock. The move comes as Cadence shares have seen volatility in recent months amid broader market swings.

  • Nordea's stake reduction occurred during the fourth quarter of 2025.

The players

Nordea Investment Management AB

A major European asset management firm that has reduced its stake in Cadence Design Systems.

Cadence Design Systems, Inc.

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

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The takeaway

Nordea's decision to trim its Cadence Design Systems position reflects broader market uncertainty, but the software maker remains a key player in the electronic design automation space serving major semiconductor and technology companies.