What smart money is saying about PTC
PTC
No fund has written a full thesis on PTC in our archive, but 14 fund letters report a position in it — most recently Tributary Capital Management All Cap Plus Equity Strategy in September 2026.
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14
Reported positions
0
Bought
9
Sold
15
Letters
Position history
Between Q4 2025 and Q3 2026, 14 fund letters reported a position in PTC — 9 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 0 | 0 |
| Q2 2026 | 11 | 0 | 8 | 0 |
| Q4 2025 | 1 | 0 | 1 | 0 |
Fund activity · 14 positions · 9 moves
- September 2026
“While portfolio holdings Microsoft, Apple, NVIDIA, and PTC all had strong quarters, they were partially offset by weaker returns from MKS Instruments and Littelfuse.”
PTC - September 2026
“While portfolio holdings Microsoft, Apple, and PTC all had strong quarters, they were partially offset by weaker returns from MKS Instruments and Littelfuse.”
PTC “PTC, a product development software company, is navigating a challenging sentiment environment as investor concerns over AI disruption continue to weigh on valuations across the broader software sector.”
PTC- June 2026
“The detractors were led by two positions that we exited during the period: Intuit (-40%) and PTC (-21%).”
PTC - June 2026
“The detractors were led by two positions that we exited during the period: Intuit (-40%) and PTC (-21%).”
PTC - June 2026
“The detractors were led by two positions that we exited during the period: Intuit and PTC.”
PTC - June 2026
“The detractors were led by two positions that we exited during the period: Intuit (-40%) and PTC (-21%).”
PTC - June 2026
“PTC, a maker of product development software, underperformed following management’s commentary around ongoing AI investment. We sold PTC and reallocated the assets into higher-conviction ideas.”
PTC - June 2026
“The detractors were led by two positions that we exited during the period: Intuit and PTC.”
16 more words on why — unlock Liontrust GF Sustainable Future Multi-Asset Global Fund’s full commentPTC - June 2026
“The detractors were led by two positions that we exited during the period: Intuit (-40%) and PTC (-21%).”
PTC - June 2026
“Returns from MKS Instruments (+94%), Littelfuse (+34%) and Apple (+14%) contributed to a +21% sector return for the portfolio. Partially offsetting these gains was portfolio holding PTC, which fell -20% as investor concerns over AI disruption indiscriminately weighed on the majority of software companies.”
PTC “With a favorable backdrop for technology stocks, it’s not surprising that the portfolio’s strongest absolute return was delivered by the technology sector this quarter. Returns from MKS Instruments (+94%), Littelfuse (+34%), NVIDIA (+15%) and Apple (+14%) contributed to a +19% sector return for the portfolio. Partially offsetting these gains was portfolio holding PTC, which fell -20% as investor concerns over AI disruption indiscriminately weighed on the majority of software companies.”
PTC- June 2026
“We exited the position as we became more concerned that AI could increase competition, reduce customer 3 stickiness and put pressure on pricing in TurboTax. QuickBooks remains an attractive asset, but we see better opportunities in SME digitisation through holdings such as ServiceTitan and Shopify. PTC’s fiscal second-quarter results were solid, with constant-currency ARR growth of 8.5% excluding divested businesses, but the shares remained weak as investors continued to question the pace of growth and the strength of its AI opportunity. We sold the position as growth has slowed in recent years and we are concerned that PTC may be less well placed to unlock AI-driven value because much of its customer software is deployed on-site, limiting access to the data needed to train and power AI tools at scale.”
PTC - December 2025
“We exited positions in PTC in the IT sector, Pinterest in the communication services sector, BJ’s Wholesale Club in the consumer staples sector and Everest in the financials sector.”
PTC
Also mentioned · 1
These funds discuss PTC — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedO'Keefe Stevens NVIDIA StrategyJuly 2026
“The Vera Rubin DSX AI Factory reference design and NVIDIA Omniverse DSX Blueprint bring together compute, networking, storage, power, cooling, and operations into an open, modular architecture supported by partners including Vertiv, Schneider Electric, Eaton, Jacobs, Phaidra, Procore, PTC, Siemens, Switch, Trane Technologies, Cadence, and Dassault Systèmes.”
PTC
Read the letters behind these PTC positions
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