Intuit
INTU
1,740 hedge funds and large institutions have $118B invested in Intuit in 2023 Q3 according to their latest regulatory filings, with 178 funds opening new positions, 629 increasing their positions, 663 reducing their positions, and 88 closing their positions.
102% more first-time investments, than exits
New positions opened: 178 | Existing positions closed: 88
41% more funds holding in top 10
Funds holding in top 10: 69 → 97 (+28)
10% more capital invested
Capital invested by funds: $108B → $118B (+$10.6B)
4% more funds holding
Funds holding: 1,667 → 1,740 (+73)
5% less repeat investments, than reductions
Existing positions increased: 629 | Existing positions reduced: 663
8% less call options, than puts
Call options by funds: $1.38B | Put options by funds: $1.5B
1.42% less ownership
Funds ownership: 84.01% → 82.58% (-1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Coatue Management
New York
|
+$474M |
| 2 |
Goldman Sachs
New York
|
+$309M |
| 3 |
Parnassus Investments
San Francisco,
California
|
+$308M |
| 4 |
Amundi
Paris,
France
|
+$304M |
| 5 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$275M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NHC
Nicholas Hoffman & Company
Atlanta,
Georgia
|
-$1.27B |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$1.13B |
| 3 |
Viking Global Investors
Stamford,
Connecticut
|
-$483M |
| 4 |
Tiger Global Management
New York
|
-$280M |
| 5 |
VanEck Associates
New York
|
-$147M |
INTU Hedge Fund Activity: Q3 2023 in Review
1,740 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Intuit (INTU) for Q3 2023, worth a combined $118B — up 9.8% from $108B a quarter earlier.
Buyers outnumbered sellers: 178 funds opened new INTU positions and 88 closed out — a net gain of 90 holders — while 629 added to existing stakes and 663 trimmed.
The largest buyer was Coatue Management, adding an estimated $474M. The largest seller was Nicholas Hoffman & Company, exiting entirely with an estimated $1.27B sold.
- 1,740 institutional investors held Intuit (INTU) as of Q3 2023, up from 1,667 in Q2 2023.
- Funds reported $118B of Intuit stock for Q3 2023, up 9.8% quarter-over-quarter.
- 178 funds opened new Intuit positions in Q3 2023 and 88 closed out, a net change of +90 holders.
- The largest Intuit buyer in Q3 2023 was Coatue Management, an estimated $474M added.
- The largest Intuit seller in Q3 2023 was Nicholas Hoffman & Company, an estimated $1.27B sold.
Based on aggregated 13F filings for Q3 2023.