Stanley Druckenmiller is Selling These 5 Stocks

3. Intuit Inc. (NASDAQ:INTU)

Number of Hedge Fund Holders: 66 

Percentage Decrease in Stake During Q3: 51%

Intuit Inc. (NASDAQ:INTU) provides financial management and compliance products. The company recently posted earnings for the first fiscal quarter, reporting earnings per share of $1.53, beating estimates by $0.56. The revenue over the period was $2 billion, up 52% year-on-year. 

The hedge fund of billionaire Stanley Druckenmiller owned over 87,149 shares of Intuit Inc. (NASDAQ:INTU) at the end of the third quarter of 2021 worth more than $47 million, representing 1.52% of the portfolio. 

Among the hedge funds being tracked by Insider Monkey, London-based investment firm Fundsmith LLP is a leading shareholder in Intuit Inc. (NASDAQ:INTU) with 4.5 million shares worth more than $2.2 billion.