Local Pensions Partnership Investment Ltd Reduces Stake in Cadence Design Systems

The investment firm sold nearly 20,000 shares of the software maker in the fourth quarter.

Apr. 19, 2026 at 10:56am

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A polished, geometric metal sculpture representing the Cadence Design Systems logo, arranged elegantly on a clean, monochromatic seamless background with dramatic studio lighting and deep shadows, conceptually illustrating the company's role in the complex world of electronic design automation.A minimalist, high-end studio photograph captures the sleek, abstract essence of Cadence Design Systems, a leading provider of electronic design automation software.San Jose Today

Local Pensions Partnership Investment Ltd, an institutional investor, reduced its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 2.6% in the fourth quarter, according to a recent SEC filing. The firm now owns approximately 752,800 shares of the software maker's stock, valued at $235 million.

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, equipment manufacturers, and system designers globally. Changes in institutional ownership can signal shifts in market sentiment and influence the stock's performance.

The details

According to the 13F filing, Local Pensions Partnership Investment Ltd sold 19,800 shares of Cadence Design Systems during the fourth quarter. The firm now owns approximately 0.28% of the company's outstanding shares. Several other institutional investors and hedge funds have also modified their holdings of Cadence Design Systems in recent quarters.

  • Local Pensions Partnership Investment Ltd filed the 13F report for the fourth quarter of 2025.

The players

Local Pensions Partnership Investment Ltd

An institutional investment firm that reduced its stake in Cadence Design Systems by 2.6% in the fourth quarter of 2025.

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

The reduction in ownership by Local Pensions Partnership Investment Ltd suggests a potential shift in market sentiment around Cadence Design Systems, though the overall institutional ownership remains high at over 84%. Investors will likely continue to monitor changes in major shareholders as an indicator of the stock's performance and future prospects.