Intuit (NASDAQ: INTU) is a financial software leader best known for TurboTax, QuickBooks, Credit Karma, and Mailchimp, serving both consumers and small businesses. The company helps people file taxes, manage money, run payroll, and market their businesses all within one ecosystem. Shares trade around $666, giving the company a market cap of roughly $186 billion. While the stock is up about 7% in the past year, it remains below its highs near $800, reflecting both strong long-term fundamentals and some near-term hesitation.
Fueled by steady demand for digital tax and accounting tools, Intuit has built a business with recurring revenue, high margins, and a growing platform that’s difficult for rivals to replicate. Once closely tied to founder Scott Cook’s stake, Intuit is now widely held by some of the world’s largest asset managers, sovereign wealth funds, and hedge funds. Cook still owns a meaningful position, but most shares are now spread across major institutions that continue to shape its market trajectory.
Looking at who owns Intuit and what insiders are doing gives us a clearer picture of how investors may view the stock right now.
Who Are Intuit’s Top Shareholders?
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Intuit makes financial software that helps people file taxes, run small businesses, manage personal finances, and market online through products like TurboTax, QuickBooks, Credit Karma, and Mailchimp.
Most of Intuit’s stock is held by large asset managers, with index funds providing stable ownership. That makes the shareholder base less volatile, since passive flows tend to be steady. Active managers show a more divided picture, which can affect near-term trading.
- Vanguard Group: 27.6M shares (9.9%), ~$18.4B. Added 375K (+1.4%).
- BlackRock: 15.5M shares (5.5%), ~$10.3B. Added 529K (+3.6%).
- State Street: 12.7M shares (4.6%), ~$8.5B. Added 126K (+1.0%).
- T. Rowe Price: 7.8M shares (2.8%), ~$5.2B. Cut 780K (-9.1%).
- Scott Cook (Founder): 6.6M shares (2.4%), ~$4.4B. Cut 501K (-7.0%).
- Geode Capital: 6.4M shares (2.3%), ~$4.3B. Added 116K (+1.8%).
- JP Morgan Asset Mgmt.: 6.0M shares (2.2%), ~$4.0B. Cut 184K (-3.0%).
- Wellington Mgmt.: 5.9M shares (2.1%), ~$3.9B. Added 201K (+3.6%).
- Invesco (QQQ Trust): 5.7M shares (2.1%), ~$3.8B. Cut 33K (-0.6%).
- Norges Bank: 4.2M shares (1.5%), ~$2.8B. Added 506K (+13.9%).
One highlight from last quarter is Jefferies Financial Group, led by Richard Handler, which lifted its Intuit stake by more than 1,970% to about 74K shares worth $58 million. That kind of surge looks like a strong bet on the company’s future cash flow growth.
Another notable move came from Magnetar Financial, run by Alec Litowitz, which boosted its holding by nearly 1,738% to roughly 13.6K shares valued at $11 million. For a multi-strategy fund, that increase may point to rising confidence in Intuit’s long-term model.
Meanwhile, Schonfeld Strategic Advisors, led by Steven Schonfeld, raised its position by more than 757%, now owning about 95K shares worth $75 million. That size of increase stands out as a major swing toward optimism.
Finally, Gotham Asset Management, managed by Joel Greenblatt, expanded its stake by about 505% to nearly 8K shares worth $6 million. While smaller in absolute size, the percentage jump suggests the fund sees upside potential in Intuit at these levels.
Vanguard and BlackRock’s steady additions help keep a reliable base. Norges Bank’s large increase looks like growing conviction. T. Rowe Price’s big cut may signal caution on valuation. Founder Scott Cook’s trim is worth noting, but his remaining stake is still significant, keeping him closely tied to the company’s success.
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Intuit’s Recent Insider Trades
Intuit’s leadership team has been active in recent months, but the activity has mostly come through small stock sales at prices between $665 and $706. For a company of Intuit’s size, these transactions are modest in scale, yet they can still offer a window into how executives may be managing their personal stakes.
Small sales are common for diversification or preset trading plans, but the absence of meaningful insider buying may raise questions about how management views the stock at its current valuation.
Here are some recent insider sales:
- Scott Cook (Director): Sold 529 shares at ~$665.
- Sandeep Aujla (Officer): Sold 42 and 105 shares at ~$665–706.
- Kerry Jean McLean (Officer): Sold 173 shares at ~$706.
- Lauren Dale Hotz (Officer): Sold 34 shares at ~$706.
- Anton Hanebrink (Officer): Sold 204 shares at ~$706.
These trades appear minor compared to overall ownership and may simply reflect normal portfolio management. Still, the lack of insider buying could suggest that executives are waiting for a more attractive entry point, which might make outside investors more cautious about near-term upside.
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What the Ownership & Insider Trade Data Tell Us
Intuit’s shareholder base is anchored by passive giants like Vanguard, BlackRock, and State Street, which keeps the stock firmly tied to index flows. Among active managers, Norges Bank and Wellington have been adding, which may show growing confidence in Intuit’s long-term growth story. On the other hand, cuts from T. Rowe Price and JP Morgan point to a more cautious stance from some institutions.
Insider activity also looks cautious, with recent trades tilted toward small sales by directors and officers. The lack of insider buying may suggest leadership is not eager to add at current prices.
The signals appear mixed. Institutions continue to hold Intuit as a core position, but insider trades and selective fund moves show some hesitation. Investors may be waiting to see how well Intuit balances strong fundamentals with its premium valuation before leaning in with more conviction.
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