Spire Wealth Management Trims Cadence Design Systems Holdings

Institutional investor reduces stake in software maker by over 60%

Mar. 31, 2026 at 9:21am

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Spire Wealth Management, an institutional investor, has trimmed its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 64.5% in the fourth quarter, according to a recent SEC filing. The firm now owns 6,224 shares of the software maker's stock, down from 17,544 shares previously.

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, manufacturers, and system designers globally. Changes in institutional ownership can signal shifts in market sentiment around the company's performance and future prospects.

The details

According to the filing, Spire Wealth Management sold 11,320 shares of Cadence Design Systems stock during the fourth quarter. The firm's remaining holdings in the company are now valued at $1.95 million. Several other hedge funds have also modified their positions in Cadence Design Systems in recent quarters, with some increasing and others decreasing their stakes.

  • Spire Wealth Management filed the 13F report disclosing the changes in Q4 2025.

The players

Spire Wealth Management

An institutional investor that has reduced its position in Cadence Design Systems.

Cadence Design Systems, Inc.

A global provider of electronic design automation software, hardware, and intellectual property used in semiconductor chip, system-on-chip, printed circuit board, and packaging design.

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The takeaway

The reduction in Spire Wealth Management's Cadence Design Systems holdings could signal broader market uncertainty around the software company's near-term performance, though the stock remains a 'Moderate Buy' among Wall Street analysts. Investors will likely watch for any further changes in institutional ownership as an indicator of sentiment around Cadence's business outlook.