Intuit (INTU) Declined on Investors’ Concerns

Core Insights - Macquarie Asset Management's "Macquarie Large Cap Growth Fund" reported positive returns in Q3 2025 but underperformed the Russell 1000 Growth Index due to an unfavorable market environment and missteps [1] - AI-themed stocks were significant contributors to market gains, accounting for approximately 75% of market returns in the quarter [1] Company Performance - Intuit Inc. (NASDAQ:INTU) experienced a one-month return of -0.83% and a 52-week gain of 7.84%, with a closing stock price of $657.16 and a market capitalization of $183.219 billion as of October 14, 2025 [2] - In Q4 2025, Intuit reported revenue of $3.8 billion, marking a 20% year-over-year increase [4] Investment Analysis - The fund's underperformance was attributed to not holding Tesla and positions in Intercontinental Exchange Inc. and Intuit, which faced headwinds despite solid business fundamentals [3] - Concerns arose when OpenAI announced a new large language model, perceived as a threat to application software, but the fund believes this may present new opportunities for Intuit [3] - Intuit is not among the top 30 most popular stocks among hedge funds, with 105 hedge fund portfolios holding its stock at the end of Q2 2025, up from 87 in the previous quarter [4]