Broyhill Asset Management, a Charlotte-based firm, reported in its Q3 2026 investor letter that the Broyhill Equity Composite fell 0.3% in the quarter, while the MSCI All Country World Index gained 1.7%. Over the first nine months, the Composite returned 1.9% versus 13.4% for the Index. The firm cites rising oil prices, higher interest rates and competition for capital as reasons for caution, and says it remains focused on fundamental drivers and valuations. The letter says a small position in Intuit Inc. (NASDAQ:INTU), held within a software basket, was rotated into Microsoft, and that the firm believes AI-related concerns about software economics are overblown for many companies. As of October 22, 2026, Intuit closed at $354.90 with a $94.84 billion market capitalization, down 46.42% year-to-date and trading within a 52-week range of $252.84 to $689.17.
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softwareartificial intelligenceMSFT
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Related tickers and likely impact
MSFT
▲ Likely positiveMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/22/2026 | 521.08 |
| Change that session | -2.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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