Intuit (INTU) Fell on Investors’ Concerns

Mar Vista Investment Partners, LLC, an investment management company, released its “Mar Vista U.S. Quality Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The third quarter was a standout period for US equities, led by optimism over the Federal Reserve’s dovish pivot and the ongoing boom in artificial intelligence (AI). The S&P 500® Index and the Nasdaq Composite surged, representing technology’s relentless momentum.  In the quarter, the strategy returned +3.29% net of fees, compared to +8.00% and +8.12% returns for the Russell 1000 Index and the S&P 500 Index, respectively. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Mar Vista U.S. Quality Strategy 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 -0.59%, and its shares gained 6.02% of their value over the last 52 weeks. On October 8, 2025, Intuit Inc. (NASDAQ:INTU) stock closed at $657.80 per share, with a market capitalization of $183.398 billion.

Mar Vista U.S. Quality Strategy stated the following regarding Intuit Inc. (NASDAQ:INTU) in its third quarter 2025 investor letter:

“Intuit Inc.’s (NASDAQ:INTU) shares came under pressure during the quarter as investors grew concerned that autonomous AI agents could weaken the competitive position of traditional software-as-a-service providers. While we acknowledge these dynamics, we believe Intuit is well positioned to benefit from the shift. Over five years ago, management invested heavily in an AI-driven expert platform that blends artificial intelligence with human expertise. This strategy has yielded “done-for-you” solutions across TurboTax, QuickBooks, and Credit Karma, including TurboTax Live, now a $2 billion business that grew over 40% in FY 2025. With agentic AI likely to become pervasive across enterprise software, we believe Intuit is well placed to harness these capabilities, supporting above-average revenue and earnings growth over our investment horizon.”

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, up 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 the list of best NASDAQ stocks to buy according to hedge funds. 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.