What smart money is saying about Accenture
13 funds in our archive have pitched Accenture, most recently Aristotle International Equity in September 2026.
Accenture plc is a global professional services firm that delivers a wide array of strategy, consulting, interactive, technology, and operations services worldwide. Its comprehensive offerings include application services such as agile transformation, DevOps implementation, application modernization, enterprise architecture, software and quality engineering, and data management. It also specializes in intelligent automation, incorporating robotic process automation, natural language processing, and virtual agents, alongside liquid application management and various program, project, and service management solutions. The company provides strategic consulting, focusing on critical data elements, data governance, platform architecture, and enabling product-centric organizations to ensure business adoption and value realization. Accenture supports the digitization of engineering and research & development, designs and develops smart connected products, modernizes product platforms, and facilitates product-as-a-service models. It also offers solutions for production and operations, autonomous robotics systems, digital transformation of capital projects, and digital industrial workforce solutions. Further services encompass data-enabled operating models, technology consulting, and artificial intelligence expertise. Accenture assists with talent and organizational development (human potential), digital commerce, and robust infrastructure services covering hybrid cloud, networking, digital workplace and collaboration, service and experience management, infrastructure as code, and managed edge and IoT devices. Its cybersecurity portfolio includes cyber defense, applied and managed security, operational technology (OT) security, security strategy and risk management, and industry-specific security products. The company also drives technology innovation and intelligent automation initiatives. Additionally, Accenture provides cloud solutions, ecosystem development, marketing strategies, supply chain management, zero-based budgeting, customer experience enhancement, finance consulting, mergers and acquisitions support, and sustainability services. Established in 1951, Accenture plc is headquartered in Dublin, Ireland.
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Fund signal · last 12 months
43 lettersFunds are split between buying and selling
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q1 2025 and Q3 2026, 48 fund letters reported a position in Accenture, with 6 buys (opened or added) and 9 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 16 | 0 | 2 | 1 |
| Q2 2026 | 24 | 2 | 6 | 4 |
| Q1 2026 | 2 | 2 | 0 | 1 |
| Q4 2025 | 1 | 1 | 0 | 3 |
| Q3 2025 | 1 | 0 | 1 | 2 |
| Q1 2025 | 4 | 1 | 0 | 2 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 48 positions · 16 moves
- September 2026
Listed in Oakmark Equity and Income Fund’s reported holdings.
Accenture - September 2026
“Thomas Hodges: The portfolio's produced a solid absolute return in the year to date. However, that year to date return remains some way behind the index return, buoyed by an exuberant market. What's encouraging is what's happening underneath the portfolio surface. More than two-thirds of holdings have recently seen upward earnings revisions. Companies that had previously been detractors earlier in the year, like Accenture and Eden Red, they were among the strongest contributors this quarter.”
Accenture - September 2026
Listed in Ave Maria Funds Multi-Fund’s reported holdings.
Accenture - September 2026
“Thomas Hodges: The portfolio outperformed in the third quarter, and it's produced a solid absolute return in the year to date. However, that year to date return remains some way behind the index return, buoyed by an exuberant market. What's encouraging is what's happening underneath the portfolio surface. More than two-thirds of holdings have recently seen upward earnings revisions. Companies that had previously been detractors earlier in the year, like Accenture and Eden Red, they were among the strongest contributors this quarter.”
Accenture - September 2026
“Accenture, a leading technology consulting and managed services company, was a primary contributor during the quarter after being the strategy's largest detractor during the first half of the year.”
Accenture - September 2026
“Accenture was eliminated after a period of strong outperformance despite weakening fundamentals.”
Accenture - September 2026
“We also eliminated eight positions during the third quarter. Genuine Parts was eliminated after a period of outperformance given the quality of its automotive business and the impending business separation. Charles Schwab was eliminated after a period of outperformance as fears of AI disintermediation dissipated. Mobility Global was spun out of S&P Global, and we received a small position (1bp) as a result of our ownership in SPGI. After reviewing the company, we decided not to establish a full position and eliminated the small position. Automatic Data Processing was eliminated given its uncertain long-term competitive position after a period of outperformance. ConocoPhillips was eliminated following a period of outperformance as oil prices rose during the Iran conflict. Honeywell Aerospace was eliminated following disappointing earnings results due to supply chain issues. This position was received as a spin-off from Honeywell International. Boston Scientific was eliminated following a decline in fundamentals and a cybersecurity incident that impacted its ability to process and ship customer orders. Accenture was eliminated after a period of strong outperformance despite weakening fundamentals.”
Accenture - September 2026
“Portfolio Attribution by Sector IT was the primary source of outperformance in the quarter, due to a rebound in software and services stocks and well-timed new investments in AI-related hardware. Performance and Attribution The Global Developed Markets Equity composite rose 4.2% gross of fees in the third quarter, compared with a 2% increase in the MSCI World Index. Year to date, the composite gained 7.1%, compared with the index’s 12.1% return. Source: Harding Loevner Global Developed Markets Equity composite, FactSet, MSCI Inc. Data as of September 30, 2026. The total effect shown here may differ from the variance of the composite performance and benchmark performance shown on the first page of this report due to the way in which FactSet calculates performance attribution. This information is supplemental to the composite GIPS Presentation. Top contributors to relative performance: In IT, new holding Lenovo reported quarterly results that significantly exceeded expectations. Revenue in its infrastructure business nearly doubled as large customers, including cloud-computing providers, increased spending on AI servers and related equipment. Software and services holdings Accenture, Adobe, and SAP outperformed as investors’ fears over AI-related disruption eased.”
Accenture - September 2026
“Accenture, a leading technology consulting and managed services company, was a primary contributor during the quarter after being the strategy's largest detractor during the first half of the year.”
Accenture - September 2026
“we elected to manage our position sizes and took profits in ACI Worldwide, Alphabet and Perimeter Solutions, offset by harvesting losses in CoStar Group and Accenture.”
Accenture - September 2026
“Microsoft’s stock soared as Azure growth accelerated, and Accenture’s stock rebounded from oversold levels as the company’s results and outlook were “good enough” versus muted expectations.”
Accenture - August 2026
“Portfolio We have maintained a small exposure to software and services companies over the past year, believing that the sharp sell-off in the industry over concerns about AI-related disruption was likely underestimating the competitive advantages and growth potential of our holdings. These AI-disruption concerns now seem to be abating; software and services was the strongest industry in August, rising over 13%. Portfolio holdings Adobe and Accenture both outperformed; AI-related annual recurring revenue for Adobe surpassed $500 million, while Accenture gained as investors reassessed the potential for AI-related consulting and services to support growth.”
Accenture - August 2026
“Portfolio holdings Adobe and Accenture both outperformed; AI- related annual recurring revenue for Adobe surpassed $500 million, while Accenture gained as investors reassessed the potential for AI- related consulting and services to support growth.”
Accenture - July 2026
“Our holdings of Adobe and Accenture, which had been weighted down by fears of AI-related disruption earlier this year, were up more than 20% and 30%, in July (gross of fees).”
Accenture - July 2026
“Our holdings of Adobe and Accenture, which had been weighted down by fears of AI-related disruption earlier this year, were up more than 20% and 30%, in July (gross of fees).”
Accenture - July 2026
“Having said that, we have reduced the position size following the recent strong share price performance. Other positive contributors included LPL Financial (Financials) and Accenture (Information Technology), as well as non- exposures to Micron Technology (Information Technology), Tesla (Consumer Discretionary) and Intel (Information Technology).”
Accenture - AddedDistillate CapitalJune 2026
“Accenture is a current example of a high-quality company that is trading at a compelling valuation that offers potential significant upside with notable margin of safety characteristics proving downside protection.”
Accenture - June 2026
“Top detractors from relative performance: The semiconductor boom greatly benefited chipmakers the portfolio doesn’t hold, including AMD, Intel, and Micron. all of which posted triple-digit gains. Beyond chips, IT services holding Accenture reported a disappointing 3% drop in new bookings year over year, a leading indicator of future revenue, lending credence to concern that AI is hurting its consulting business.”
Accenture - June 2026
“Beyond chips, IT services holding Accenture reported a disappointing 3% drop in new bookings year over year, a leading indicator of future revenue, lending credence to concern that AI is hurting its consulting business.”
Accenture - June 2026
“Companies are wrestling with heavy regulation, deep process re-engineering and data governance requirements. This could be a long process and companies will need help, which is why we are sticking by holdings like Accenture and Wolters Kluwer, even as the market writes them off as AI losers.”
Accenture - June 2026
“For taxable accounts, we realized a loss in Accenture, a name we expect to repurchase after 31 days.”
Accenture - ExitedAve Maria FundsJune 2026
“In the second quarter, the fund exited investments in Accenture, Alcon, Copart, TIC Solutions, and Zoetis.”
Accenture - ExitedFindlay Park American FundJune 2026
“Accenture was another knowledge-economy detractor, though the position had already been materially reduced over the previous eight months and the residual holding was exited late in the quarter.”
Accenture - June 2026
“Let's be clear, our portfolio is not anti-AI. We are believers in this transformative technology. But we have some caution on the speed and smoothness of its rollout. In sectors beyond technology, where return on investment remains elusive, adoption rates are likely to be slower. Companies are wrestling with heavy regulation, deep process re-engineering and data governance requirements. This could be a long process and companies will need help, which is why we are sticking by holdings like Accenture and Wolters Kluwer, even as the market writes them off as AI losers.”
Accenture - June 2026
“Top detractor Accenture was the top detractor during the quar- ter.”
Accenture - ExitedAoris International FundJune 2026
“Our sale of Accenture We sold our position in Accenture late in the quarter.”
Accenture - June 2026
“While opportunities will exist across every company we own, there are some notable examples that include Accenture (featured in our March shareholder letter), Booking Holdings (March letter), Schwab, Capital One (featured below), PNC, Huron Consulting (March letter), FTI Consulting (featured below), Lloyds, and Houlihan Lokey.”
Accenture - June 2026
“While opportunities will exist across every company we own, there are some notable examples that include Accenture (featured in our March shareholder letter), Booking Holdings (March letter), Schwab, Capital One (featured below), PNC, Huron Consulting (March letter), FTI Consulting (featured below), Lloyds, and Houlihan Lokey.”
Accenture - June 2026
“Accenture, the global provider of IT consulting and technology services, was a primary detractor during the quarter.”
Accenture - June 2026
“Accenture, the global provider of IT consulting and technology services, was a primary detractor during the quarter.”
Accenture - June 2026
“Accenture, the global provider of IT consulting and technology services, was a primary detractor during the quarter.”
Accenture - June 2026
“Accenture, the global provider of IT consulting and technology services, was a primary detractor during the quarter.”
Accenture - June 2026
“IT services and management consultant Accenture reported results in mid-June that did little to quell investor fears of AI-disintermediation.”
Accenture - June 2026
“We also decreased the Fund’s exposure to several top detractors (Accenture, Salesforce, CoStar Group) to help manage risk.”
Accenture - June 2026
“Notable 2Q Detractors Information services companies remained squarely in the AI penalty box, as investors grappled with the potential impact of AI on a wide array of business models. In that vein, Accenture, Equifax, and S&P Global were among the Fund’s top detractors for the quarter.”
Accenture - June 2026
“Focusing on fundamentals, we are finding opportunities to invest in high quality stocks at unusually attractive valuations across a variety of sectors, and as a result the free cash flow to enterprise value yield for our U.S. FSV strategy has increased significantly in the last several rebalances (See Figure 14) The current valuation advantage over the S&P 500 is by far the widest since inception in 2018, and very similar to the valuation gap that occurred between valuation quintiles in 2000. Accenture is a current example of a high-quality company that is trading at a compelling valuation that offers potential significant upside with notable margin of safety characteristics proving downside protection.”
Accenture - New positionNuance Investments Concentrated Value StrategyJune 2026
“Stocks We Added to Your Portfolio (Second Quarter 2026): Accenture Plc (ACN):”
Accenture “Similarly, we acquired Accenture Plc (ACN) in the wake of the dot-com collapse and held it successfully for more than a decade.”
Accenture- June 2026
“Sales We exited five positions during the quarter, adhering strictly to our disciplined valuation and dividend-growth frameworks. Accenture (ACN) & Intuit (INTU) We liquidated our stakes in Accenture and Intuit due to overlapping thematic headwinds.”
Accenture - April 2026
“Other detractors included the likes of Abott Laboratories (Health Care), Accenture (Information Technology) & Aon (Financials).”
Accenture - New positionHarris Associates U.S. Large Value StrategyMarch 2026
“We initiated the following position(s) during the pe- riod: • Accenture is a global leader in consulting and outsourced IT services.”
Accenture - AddedThe Davenport FundsMarch 2026
“We also engaged in a range of investment weighting changes as we adjusted position sizing to reflect emerging valuation opportunities and concerns during a volatile quarter. We added to positions in several technology companies including Accenture PLC (ACN), Apple, Inc. (AAPL), Microsoft Corp (MSFT), and ServiceNow, Inc. (NOW).”
Accenture - AddedDavenportDecember 2025
“During the quarter we also lightened our weighting in several technology stocks with the position sizing changes reflecting emerging valuation concerns as well as a desire to emphasize other ideas with more compelling risk/reward profiles. As such, we have decreased Fund weightings in Adobe Inc. (ADBE), Alphabet, Meta Platforms Inc. (META), and Nvidia Corp (NVDA) while adding to names such as Microsoft Corp (MSFT), Union Pacific Corp (UNP), Accenture Plc (ACN) and EOG Resources Inc. (EOG).”
Accenture - ExitedBaron FinTech FundSeptember 2025
“We eliminated our small remaining Digital IT Services positions (Accenture plc, Globant S.A., and CI&T, Inc.) due to slow growth and longer-term concerns about the impact of generative AI on the consulting and outsourced software development industry.”
Accenture - March 2025
“IT services companies such as Strategy holding Accenture help companies implement technology upgrades.”
Accenture - March 2025
“Most technology related companies suffered, with Accenture, Adobe, Alphabet, ASML, Gartner, and Microsoft all falling in the teens.”
Accenture - March 2025
“Top detractors from return included Nvidia Corporation, Taiwan Semiconductor Mfg., BlackLine, Inc., XPEL, Inc. and Accenture PLC.”
Accenture - March 2025
“Additionally, Accenture was re-purchased for the portfolio after previously exiting our position for valuation reasons in February this year. Accenture is the world's leading managed services and consulting business, which it has distilled into high- 5ell Global Sustainable Fund ;eWZeW Class 9unW Fummarl PerioW 8nWinZ &$ @arc[ %#%( 5ell :lobal Fustainable 9unW 4 single digit compounded top line growth and gently accreting, low volatility operating margins for many years. The stock sold off in March, reflecting concerns around government-related income streams as the new US administration, under the auspices of the Department of Government Efficiency (DOGE), tackle waste and excessive expenditure at the Federal level. While these concerns do have some foundation (recognised by Accenture management itself), our analysis suggests that the company's direct exposure to US Federal service business amounts to less than 9% of global revenues. With this quantification in mind, the recent 30%+ share price fall appears to capture both these concerns as well as those beginning to surface about the wide macro-economic backdrop, and we have thus used the very recent market weakness to re-establish a position in this high quality, long-term outperformer.”
Accenture
Also mentioned · 9
These funds discuss Accenture as a competitor, benchmark or comparable, without disclosing a position in it.
- June 2026
“Our bottom five contributors to return in Q2 were Accenture, EOG Resources, Permian Resources, Comcast and Salesforce.”
Accenture - MentionedArtisan Partners Global Value FundJune 2026
“Plenty of companies in the roadkill category are just too hard for us to figure out. We have spent a decent amount of time on information technology services companies such as Accenture and Capgemini.”
Accenture - June 2026
“Accenture was a detractor during the quarter.”
Accenture - MentionedBaron SMID Cap StrategyJune 2026
“The rotation into perceived “AI winners” from the first quarter continued. These include companies that supply chips, power generation equipment, electrical and air conditioning equipment, engineering services and infrastructure, and financing geared toward AI data center construction. The PHLX Semiconductor Sector Index (known as the “SOX”) had its best quarter ever! While there is no doubt that AI is revolutionary, we believe that the indiscriminate momentum driving the price performance in the AI Annualized performance (%) for period ended June 30, 2026 (figures in USD)1 Strategy (net)2 Strategy (gross)2 Russell 2500 Growth Index2 Russell 3000 Index2 QTD3 15.62 15.84 24.02 15.44 YTD3 3.41 3.80 19.66 10.88 1 Year 6.11 6.51 32.94 22.82 Since Inception (12/31/2024)4 7.70 7.96 20.33 19.04 For Strategy reporting purposes, the Firm is defined as all accounts managed by Baron Capital Management, Inc. ("BCM") and BAMCO, Inc. ("BAMCO"), registered investment advisers wholly owned by Baron Capital Group, Inc. As of 6/30/2026, total Firm assets under management were approximately $69.7 billion.* The Strategy is a time-weighted, total return composite of all small- and mid-cap accounts managed on a fully discretionary basis using our standard investment process. Since 2010, accounts in the Strategy are market-value weighted and are included on the first day of the month following one full month under management. Prior to 2010, accounts were included on the first day of the quarter after one full quarter under management. Gross performance figures do not reflect the deduction of investment advisory fees and any other expenses incurred in the management of the investment advisory account. Actual client returns will be reduced by the advisory fees and any other expenses incurred in the management of the investment advisory account. A full description of investment advisory fees is supplied in the Firm's Form ADV Part 2A. Valuations and returns are computed and stated in U.S. dollars. Performance figures reflect the reinvestment of dividends and other earnings. Baron SMID Cap Strategy is currently composed of one ETF managed by BAMCO. * Includes client and proprietary accounts. BAMCO and BCM claim compliance with the Global Investment Performance Standards (GIPS®). To receive a complete list and description of the Firm’s strategies or a GIPS Report please contact us at 1-800-99-BARON. GIPS® is a registered trademark owned by CFA Institute. CFA Institute does not endorse, promote or warrant the accuracy or quality of the report. The performance data quoted represents past performance. Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. QUARTERLY LETTER | JUNE 30, 2026 Baron SMID Cap Strategy Calendar year performance (%) (figures in USD) Strategy (net)2 Strategy (gross)2 Russell 2500 Growth Index2 Russell 3000 Index2 2025 8.08 8.08 10.31 17.15 Randy Gwirtzman Laird Bieger Portfolio Manager Portfolio Manager 2 FOR FINANCIAL PROFESSIONAL USE ONLY. NOT FOR USE WITH THE PUBLIC.SMALL/MID CAP winners bucket has a number of headwinds that by the end of the second quarter were beginning to show. These include: 1. Concerns regarding the pushback on unbridled usage of AI tokens (which measure the amount of work and thereby cost of usage) by customers of large language models (LLMs) including OpenAI and Anthropic. There are numerous reports of so-called “tokenmaxxing” being curtailed by companies such as Tesla, Meta, Accenture, and Walmart.”
Accenture - June 2026
“Our bottom five contributors to return in Q2 were Accenture, CME Group, Salesforce, Boston Scientific and EOG Resources.”
Accenture - June 2026
“Below is an example of some of the most common names we have seen circulating on these lists:”
Accenture - MentionedBaron SMID Cap ETFJune 2026
“There are numerous reports of so-called “tokenmaxxing” being curtailed by companies such as Tesla, Meta, Accenture, and Walmart.”
Accenture - MentionedDiamond Hill Large Cap FundJune 2026
“• Shares of global information technology services company Accenture underperformed after the company reported weaker-than-expected results, noting that near-term demand for its services remained subdued.”
Accenture - MentionedHL Global Developed Markets EquityMay 2026
Named in a table in HL Global Developed Markets Equity’s letter.
Accenture
Fund coverage · 13 theses
- Aristotle International EquitySeptember 2026
Accenture is a technology consulting leader whose deep expertise and client relationships become more valuable as technological change accelerates.
Read the full thesis Accenture is seen as temporarily pressured but well positioned to benefit from AI-driven transformation, with deep client relationships and a low valuation.
Read the full thesisAccenture is a scaled enterprise transformation partner with broad AI, cybersecurity, and mid-market growth opportunities.
Read the full thesis- Oakmark Equity and Income FundJune 2026
Accenture is viewed as undervalued, with AI-related transformation projects and long-standing client relationships expected to support renewed growth.
Read the full thesis - Distillate CapitalJune 2026
Accenture is viewed as a high-quality, cash-generative company trading at a deeply discounted valuation with buyback-driven upside and downside protection.
Read the full thesis Accenture combines unmatched scale, embedded enterprise relationships, and cloud-transition tailwinds with a discounted valuation.
Read the full thesis- AorisDecember 2025
Accenture plc is a leading IT services firm positioned to benefit from enterprise-scale AI transformation, evidenced by strong bookings and a long history of EPS growth.
Read the full thesis - Sequoia FundDecember 2025
Accenture is the leading IT services firm with deep client moats and adaptability to AI transitions, acquired at an attractive mid-teens earnings multiple.
Read the full thesis - Fiduciary ManagementDecember 2025
Accenture is the leading global IT consultant poised to benefit from enterprise AI adoption despite cyclical headwinds and a significantly reduced valuation.
Read the full thesis - AorisSeptember 2025
Accenture is the world's largest consulting and outsourcing company, essential to the operations of major businesses and public sector entities, with robust revenue from both consulting and managed services, and a strong focus on leveraging technology and AI for efficiency and growth.
Read the full thesis - Harding Loevner Global Developed Markets EquitySeptember 2025
Accenture is focusing on modernizing its business to capitalize on AI opportunities, backed by strong partnerships and a skilled workforce.
Read the full thesis - Bell Global Sustainable FundMarch 2025
Accenture is a leading managed services and consulting firm that presents a strong long-term investment opportunity despite recent market concerns impacting its share price.
Read the full thesis - AorisMarch 2025
Accenture is likely to navigate current pressures from the US federal government and cautious corporate clients effectively, leveraging its diversification to sustain growth in earnings.
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