Intuit (INTU) Declined on Investors’ Concerns

Macquarie Asset Management, an investment management company, released its “Macquarie Large Cap Growth Fund” investor letter for the third quarter of 2025. A copy of the letter can be downloaded here. Equity indexes again posted record gains in the third quarter of 2025, with AI-themed stocks leading the market. AI Stocks led around 75% of the market returns in the quarter. In this environment, the fund delivered positive returns in the quarter but lagged behind the Russell 1000 Growth Index benchmark. The fund’s underperformance was driven by an unfavorable market environment and several missteps. For more information on the fund’s best picks in 2025, please check its top five holdings.

In its third-quarter 2025 investor letter, Macquarie Large Cap Growth Fund highlighted stocks such as Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) offers financial management and compliance products and services. The one-month return of Intuit Inc. (NASDAQ:INTU) was -0.83%, and its shares gained 7.84% of their value over the last 52 weeks. On October 14, 2025, Intuit Inc. (NASDAQ:INTU) stock closed at $657.16 per share, with a market capitalization of $183.219 billion.

Macquarie Large Cap Growth Fund stated the following regarding Intuit Inc. (NASDAQ:INTU) in its third quarter 2025 investor letter:

“At the stock level, the largest relative detractors were not owning Tesla and the Fund’s positions in Intercontinental Exchange Inc. (ICE) and Intuit Inc. (NASDAQ:INTU). Intuit, operator of TurboTax and QuickBooks, faced several headwinds in 2025, though its business fundamentals remain solid. During the quarter, the stock declined when OpenAI announced a new, more advanced large language model, which the market perceived as a threat to application software broadly. We have not seen evidence that this poses a near- or medium-term threat to Intuit’s business; in fact, it may present new opportunities. Key growth drivers, such as the shift to take market share from the assisted tax preparation category and also penetration into the mid-market accounting market, are going extremely well despite downbeat market sentiment due to unfounded AI threats.”

Intuit Inc. (INTU): "I Really Love" It, Says Jim Cramer

Intuit Inc. (NASDAQ:INTU) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 105 hedge fund portfolios held Intuit Inc. (NASDAQ:INTU) at the end of the second quarter, which was 87 in the previous quarter. In the fiscal fourth quarter of 2025, Intuit Inc. (NASDAQ:INTU) reported revenue of $3.8 billion, representing an increase of 20% year-over-year. While we acknowledge the risk and potential of Intuit Inc. (NASDAQ:INTU) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Intuit Inc. (NASDAQ:INTU) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Intuit Inc. (NASDAQ:INTU) and shared Polen Focus Growth Strategy’s views on the company. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.