The selling is concentrated among larger, likely more sophisticated managers (Vontobel, Assenagon, Assetmark) while buying comes from very small advisors. This asymmetry suggests informed capital is exiting. Monitor upcoming 10-Q for revenue growth deceleration or margin pressure that may have driven the exits.
Executive Summary
A mixed institutional cluster for Intuit Inc. shows 3 small asset managers modestly accumulating ($3.2M net buying) while 4 larger managers aggressively reduced holdings (-$188.6M net selling), led by Vontobel's near-exit of a $154M position. The selling overwhelmingly dominates in dollar terms, suggesting a bearish institutional view on Intuit's near-term prospects.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$185.4M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Hb Wealth Management | DOUBLED | +146.7% | $3.9M | $2.4M |
| Mather Group | DOUBLED | +115.5% | $872.0K | $489.0K |
| Prime Capital Investment Advisors | ADD | +59% | $671.0K | $271.0K |
▼ Sellers (4)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Vontobel Holding | NEAR_EXIT | -88.9% | $174.5M | -$154.0M |
| Assenagon Asset Management | TRIM | -69.6% | $30.8M | -$20.9M |
| Assetmark | NEAR_EXIT | -90% | $13.9M | -$12.5M |
| Davenport & Co | TRIM | -70% | $1.8M | -$1.3M |
Key Facts
- 4 sellers reduced positions by a net -$188.6M, led by Vontobel Holding cutting 88.9% of its stake (-$154M)
- 3 buyers added only $3.2M in new positions, all small asset managers with holdings under $4M
- Assenagon Asset Management trimmed 69.6% (-$20.9M) and Assetmark cut 90% (-$12.5M)
- Net dollar flow is heavily skewed toward selling: -$185.4M aggregate net change
Financial Impact
Institutional selling of $188.6M overwhelmed buying of $3.2M, a net outflow of approximately $185.4M from tracked managers in Q3 2026.
Risk Factors
- 13F data is 45+ days stale; the selling cluster may have already been fully unwound or reversed
- Small buyer sample size ($3.2M) provides negligible counterweight to the selling signal
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-INTU-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | Institutional Cluster | $343.39 $339.89 | ▲ +1.02% | ▲ +1.73% | No price |
Sep 9, 2026 6w ago | S-3ASR | $312.77 $321.57 | ▲ +2.81% | ▲ +1.96% | No price |
Aug 26, 2026 8w ago | ANALYST-DOWNGRADE | $345.88 $348.00 | ▼ −0.61% | ▲ +0.04% | No price |
Aug 3, 2026 12w ago | ANALYST-DOWNGRADE | No price | awaiting T+1 | awaiting T+1 | No price |
Jul 28, 2026 13w ago | ANALYST-DOWNGRADE | No price | awaiting T+1 | awaiting T+1 | No price |
Jul 21, 2026 14w ago | ANALYST-DOWNGRADE | $289.92 $284.47 | ▲ +1.88% | ▲ +1.76% | No price |
Jul 16, 2026 14w ago | Institutional Cluster | $294.79 $291.09 | ▲ +1.26% | ▲ +0.27% | No price |
Jun 18, 2026 18w ago | ANALYST-DOWNGRADE | No price | awaiting T+1 | awaiting T+1 | No price |
Jun 11, 2026 19w ago | 8-K | $276.73 $281.77 | ▲ +1.82% | ▲ +0.06% | No price |
Jun 8, 2026 20w ago | 424B5 | $305.51 $293.78 | ▼ −3.84% | ▼ −3.55% | No price |
US Market Status
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