Macquarie Asset Management released its investor letter for the third quarter of 2025, noting record equity index gains led by AI-themed stocks. The Macquarie Large Cap Growth Fund delivered positive returns but lagged behind the Russell 1000 Growth Index benchmark due to an unfavorable market environment and missteps. Check out the fund’s top five holdings for more information.

Intuit Inc. (NASDAQ:INTU) was highlighted in the third-quarter 2025 investor letter by Macquarie Large Cap Growth Fund. The financial management company had a one-month return of -0.83% and shares that gained 7.84% over the last 52 weeks, closing at $657.16 per share on October 14, 2025, with a market cap of $183.219 billion.

Macquarie Large Cap Growth Fund addressed Intuit Inc. (NASDAQ:INTU) in its investor letter, pointing out that not owning Tesla and holding positions in Intercontinental Exchange Inc. (ICE) and Intuit Inc. (INTU) were detractors. Despite headwinds, Intuit’s business fundamentals remain solid, with growth drivers in the assisted tax preparation and mid-market accounting markets showing positive trends.

Intuit Inc. (NASDAQ:INTU) was not among the 30 Most Popular Stocks Among Hedge Funds in 2024. However, 105 hedge fund portfolios held INTU at the end of the second quarter, up from 87 in the previous quarter. In the fiscal fourth quarter of 2025, Intuit reported $3.8 billion in revenue, a 20% year-over-year increase. While INTU has potential as an investment, some AI stocks may offer greater upside potential and lower downside risk.

Read more at Yahoo Finance: Intuit (INTU) Declined on Investors’ Concerns