Intuit (INTU) Fell as Guidance Fell Short of Expectations

Core Insights - Magellan Global Fund's third-quarter 2025 investor letter indicates that the fund focuses on outstanding companies at attractive prices while managing risk through macroeconomic understanding [1] - The global equities rose 7.3% in the September quarter as measured by the MSCI World Index in USD, but the portfolio underperformed due to strong performance from more speculative companies [1] Company Performance - Intuit Inc. (NASDAQ:INTU) was highlighted in the investor letter, with a one-month return of 3.86% and a 52-week loss of 0.09%, closing at $670.92 per share on December 12, 2025, with a market capitalization of $186.786 billion [2] - Intuit was one of the largest detractors to the portfolio's performance, underperforming due to conservative forward guidance for its Small and Medium Business (SMB) segment, which was below consensus expectations [3] Hedge Fund Interest - Intuit Inc. was held by 96 hedge fund portfolios at the end of the third quarter, a decrease from 105 in the previous quarter [4] - Despite acknowledging Intuit's potential, some analysts believe that certain AI stocks present greater upside potential and less downside risk [4]