Magellan Asset Management released their third quarter 2025 investor letter for “Magellan Global Fund”, focusing on outstanding companies and macroeconomic risk management. Global equities rose 7.3% in September, with the portfolio underperforming due to strong performance of speculative companies. Check the fund’s top five holdings for 2025 picks.

In the investor letter, Magellan Global Fund highlighted Intuit Inc. (NASDAQ:INTU), offering financial management products. Intuit Inc. (INTU) had a one-month return of 3.86% and closed at $670.92 per share on December 12, 2025, with a market cap of $186.786 billion.

Magellan Global Fund noted that Intuit Inc. (INTU) underperformed due to conservative forward guidance for its SMB segment. Chipotle Mexican Grill, Intuit Inc. (INTU), and SAP were detractors from the portfolio’s performance in the quarter. The conservatism was attributed to pricing strategy rather than demand deterioration.

Intuit Inc (INTU) was held by 96 hedge fund portfolios at the end of the third quarter. In the first quarter of fiscal 2026, Intuit reported revenue of $3.9 billion, a 18% YoY increase. While Intuit shows potential, certain AI stocks may offer greater upside with less risk. Explore our report on the best short-term AI stock for more information.

Read more at Yahoo Finance: Intuit (INTU) Fell as Guidance Fell Short of Expectations