Sumitomo Mitsui Trust Group Reduces Cadence Design Systems Stake

Hedge fund decreases position in software maker by 1.5% in Q4

Apr. 12, 2026 at 11:05am

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Sumitomo Mitsui Trust Group Inc. decreased its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 1.5% during the fourth quarter, according to a recent SEC filing. The firm owned 1,041,602 shares of the software maker's stock at the end of the quarter, worth approximately $325.6 million.

Why it matters

Cadence Design Systems is a leading provider of electronic design automation software and a key player in the semiconductor industry. Institutional investors' trading activity in the stock can signal broader market trends and investor sentiment around the company.

The details

According to the filing, Sumitomo Mitsui Trust Group sold 16,300 shares of Cadence Design Systems during the fourth quarter. The firm now owns approximately 0.38% of the company’s outstanding shares. Other major institutional investors in Cadence Design Systems include Massachusetts Financial Services Co. MA, Voya Investment Management LLC, and Invesco Ltd.

  • Sumitomo Mitsui Trust Group decreased its Cadence Design Systems position during Q4 2025.

The players

Sumitomo Mitsui Trust Group Inc.

A major Japanese financial services group that manages over $1 trillion in assets.

Cadence Design Systems, Inc.

A global provider of electronic design automation software, hardware, and intellectual property used to design advanced semiconductor chips and systems.

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The takeaway

Cadence Design Systems remains a key holding for many institutional investors given its dominant position in the electronic design automation software market. However, this decrease in Sumitomo Mitsui Trust Group’s stake could signal broader concerns about the stock’s valuation or growth prospects.