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Sustainable Growth Advisers (SGA) sold its position in Intuit (INTU) during Q2 2026, citing deepening weakness in TurboTax's DIY segment and Mailchimp, along with reduced growth visibility.
Sustainable Growth Advisers (SGA) stated in its Q2 2026 investor letter that it liquidated its Intuit (INTU) holdings due to concerns over DIY Tax weakness, continued deterioration in Mailchimp, and reduced visibility on the timing of any growth reacceleration. The firm also questioned management's ability to execute in a challenging environment, reallocating the capital to a new position in Arista Networks.
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