Cadence Design Systems, Inc.
MX ˙ BMV ˙ US1273871087
SecurityMX:CDNS / Cadence Design Systems, Inc.
InstitutionNicolet Advisory Services, Llc
Latest Disclosed Ownership2,002 shares
Latest Disclosed Value $ 651,671
Nicolet Advisory Services, Llc reports 2.10% decrease in ownership of CDNS / Cadence Design Systems, Inc.

On February 13, 2026 - Nicolet Advisory Services, Llc filed a 13F-HR form disclosing ownership of 2,002 shares of Cadence Design Systems, Inc. (MX:CDNS) valued at $651,671 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 2,045 shares of Cadence Design Systems, Inc.. This represents a change in shares of -2.10% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-13 2025-12-31 13F CADENCE DESIGN SYSTEM COM 127387108 2,002 -43 -2.10 652 -7.79 0.0439
2025-11-13 2025-09-30 13F CADENCE DESIGN SYSTEM COM 127387108 2,045 6 0.29 707 -2.89 0.0550
2025-08-13 2025-06-30 13F CADENCE DESIGN SYSTEM COM 127387108 2,039 71 3.61 728 45.69 0.0619
2025-05-08 2025-03-31 13F CADENCE DESIGN SYSTEM COM 127387108 1,968 191 10.75 500 -6.03 0.0496
2025-02-12 2024-12-31 13F CADENCE DESIGN SYSTEM COM 127387108 1,777 319 21.88 531 37.21 0.0488
2024-11-12 2024-09-30 13F CADENCE DESIGN SYSTEM COM 127387108 1,458 98 7.21 388 -10.83 0.0366
2024-08-14 2024-06-30 13F CADENCE DESIGN SYSTEM COM 127387108 1,360 226 19.93 435 22.95 0.0417
2024-05-10 2024-03-31 13F CADENCE DESIGN SYSTEM COM 127387108 1,134 197 21.02 353 49.58 0.0359
2024-02-13 2023-12-31 13F CADENCE DESIGN SYSTEM COM 127387108 937 79 9.21 237 17.41 0.0255
2023-11-07 2023-09-30 13F CADENCE DESIGN SYSTEM COM 127387108 858 858 202 0.0223
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.