Intuit (INTU) Fell on Investors’ Concerns

Core Viewpoint - The third quarter of 2025 was a strong period for US equities, driven by optimism regarding the Federal Reserve's dovish stance and the growth of artificial intelligence, with the S&P 500 and Nasdaq Composite showing significant gains [1] Group 1: Mar Vista U.S. Quality Strategy Performance - The Mar Vista U.S. Quality Strategy achieved a return of +3.29% net of fees in Q3 2025, underperforming compared to the Russell 1000 Index (+8.00%) and the S&P 500 Index (+8.12%) [1] - The investor letter highlights the top five holdings of the fund, indicating its best investment picks for 2025 [1] Group 2: Intuit Inc. (NASDAQ: INTU) Overview - Intuit Inc. reported a one-month return of -0.59% and a 52-week gain of 6.02%, with its stock closing at $657.80 on October 8, 2025, and a market capitalization of $183.398 billion [2] - The company faced pressure during the quarter due to concerns that autonomous AI agents could impact traditional software-as-a-service providers, but it is believed to be well-positioned to benefit from AI advancements [3] Group 3: Intuit Inc. AI Strategy - Intuit has invested heavily in an AI-driven expert platform over the past five years, resulting in significant growth in its "done-for-you" solutions, including TurboTax Live, which is now a $2 billion business growing over 40% in FY 2025 [3] - The company is expected to leverage agentic AI across its enterprise software, supporting above-average revenue and earnings growth in the future [3] Group 4: Hedge Fund Interest and Financial Performance - As of the end of Q2 2025, 105 hedge fund portfolios held Intuit Inc., an increase from 87 in the previous quarter [4] - In Q4 2025, Intuit reported revenue of $3.8 billion, reflecting a 20% year-over-year increase [4]