Wealth Firm Reduces Stake in Cadence Design Systems

Wealth Enhancement Advisory Services sells over 8,500 shares of the software maker

Mar. 28, 2026 at 11:14am

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Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 20.9% in the fourth quarter, according to the company's recent 13F filing with the Securities and Exchange Commission (SEC). The firm now owns 32,272 shares of the software maker's stock, valued at $10.2 million.

Why it matters

This filing provides insight into the investment decisions of Wealth Enhancement Advisory Services, a prominent wealth management firm. The reduction in Cadence Design Systems shares suggests the firm may have shifted its portfolio allocation or investment thesis around the software company.

The details

According to the 13F filing, Wealth Enhancement Advisory Services sold 8,529 shares of Cadence Design Systems during the fourth quarter. The firm now holds 32,272 shares of the software maker's stock, valued at $10.2 million. Cadence Design Systems is a global provider of electronic design automation software, hardware, and intellectual property used in semiconductor and system design.

  • Wealth Enhancement Advisory Services filed the 13F report for the fourth quarter of 2025.

The players

Wealth Enhancement Advisory Services LLC

A wealth management firm that decreased its holdings in Cadence Design Systems by 20.9% in the fourth quarter of 2025.

Cadence Design Systems, Inc.

A global provider of electronic design automation software, hardware, and intellectual property used in semiconductor and system design.

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The takeaway

This filing highlights the investment decisions of a prominent wealth management firm and provides insight into the market's sentiment around Cadence Design Systems, a leading provider of electronic design automation tools.