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LGT Group Foundation Sells Autodesk Shares
Institutional investor reduces stake in software company by 7.8%
Published on Mar. 9, 2026
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LGT Group Foundation, an institutional investor, has reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 7.8% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The foundation now owns 290,939 shares of the software company's stock, making it the 22nd largest holding in its portfolio.
Why it matters
The reduction in LGT Group Foundation's Autodesk holdings is noteworthy as it provides insight into the investment strategy of this major institutional investor. Autodesk is a leading provider of design and creation software for industries like architecture, engineering, construction, manufacturing, and media and entertainment.
The details
According to the 13F filing, LGT Group Foundation sold 24,562 shares of Autodesk stock during the third quarter. The foundation now owns 290,939 shares of the software company, valued at approximately $91.86 million as of the most recent filing. Autodesk makes up about 1.1% of LGT Group Foundation's total portfolio.
- The 13F filing covers the third quarter of the year.
The players
LGT Group Foundation
An institutional investor and major shareholder of Autodesk, Inc.
Autodesk, Inc.
A software company that develops design and creation tools for industries like architecture, engineering, construction, manufacturing, and media and entertainment.
The takeaway
The reduction in LGT Group Foundation's Autodesk holdings suggests the institutional investor may be rebalancing its portfolio or taking a more cautious stance on the software company's outlook. However, Autodesk remains a significant holding in the foundation's portfolio, indicating the investor still sees long-term value in the stock.
