CDNS Cadence Design Systems

Position

Origin

Opened by the model

Shares

2.3068

Average cost

$325.96

Opened

27 Oct 2026

Weight

3.1% of NAV

Last close

$343.08

Vs cost

+5.3%

Thesis

Third-quarter results beat expectations and management raised its full-year outlook. Open a modest position based on reported operating performance rather than sector price momentum, while retaining cash for uncertainty around AI infrastructure financing.

Exit if

Exit if management cuts its revenue outlook because chip-design customer spending or demand weakens.