Baillie Gifford Trims Stake in Cadence Design Systems

Institutional investor reduces position in software maker by nearly 20%

Apr. 14, 2026 at 7:36am

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Baillie Gifford & Co., a major institutional investor, decreased its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 19.7% in the fourth quarter, according to a recent SEC filing. The firm now owns 29,025 shares of the software maker's stock, valued at $9.07 million.

Why it matters

Cadence Design Systems is a leading provider of electronic design automation (EDA) software and intellectual property used by semiconductor companies and system designers globally. Tracking institutional investor activity in the stock can provide insight into market sentiment and potential future performance.

The details

According to the 13F filing, Baillie Gifford sold 7,127 shares of Cadence Design Systems during the fourth quarter. The firm now holds a total of 29,025 shares, down from 36,152 shares at the end of the prior quarter. Cadence Design Systems' stock price has fluctuated in recent months, with shares trading between $247.70 and $376.45 over the past 52 weeks.

  • Baillie Gifford filed its 13F report for the fourth quarter of 2025 on April 14, 2026.
  • The firm reduced its Cadence Design Systems position during the three-month period ending December 31, 2025.

The players

Baillie Gifford & Co.

A major institutional investment management firm based in the United Kingdom.

Cadence Design Systems, Inc.

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

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The takeaway

Tracking institutional investor activity in Cadence Design Systems provides insight into market sentiment around the leading EDA software provider. Baillie Gifford's reduced stake may signal broader concerns about the stock's valuation or near-term growth prospects, though the company remains a major shareholder.