Adobe

ADBE • NASDAQ

Adobe is a software - infrastructure company in the technology sector on NASDAQ, led by Shantanu Narayen, with a market cap of $127.29B. As of Q3 2025, 80% of shares are held by 2,409 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.88%.

CEOShantanu Narayen

Market Cap$127.29B

Software - Infrastructure

Technology

Employees29.9K

Websiteadobe.com

Country

United States of America

Overview

Overview of institutional ownership in ADBE as of Q3 2025 with a market cap of $147.66B

All Institutions

Institutions: 2,409
Value Held: $117.46B
Shares Held: 333.0M
Avg Position: $48.8M
Median Position: $1.3M

Hedge Funds

Hedge Funds: 117
Value Held: $6.9B
Shares Held: 19.7M
Avg Position: $59.4M
Median Position: $2.2M

Ownership Breakdown

Institutional (non-HF)

74.84%

$110.51B

Hedge Funds

4.7%

$6.9B

Retail & Other

20.46%

$30.2B

Based on market cap of $147.66B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ADBE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$14.6B 0.22% of portfolio	9.88% 41.4M shares	≤ Q2 2013 Held for 12y 6m+	$6.69T
BlackRock, Inc. Institution	Laurence D. Fink CEO	$14.3B 0.25% of portfolio	9.68% 40.5M shares	≤ Q2 2013 Held for 12y 6m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$7.3B 0.25% of portfolio	4.93% 20.6M shares	≤ Q2 2013 Held for 12y 6m+	$2.88T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$3.9B 0.25% of portfolio	2.66% 11.1M shares	≤ Q2 2013 Held for 12y 6m+	$1.57T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$2.4B 0.15% of portfolio	1.65% 6.9M shares	≤ Q2 2013 Held for 12y 6m+	$1.65T
Bank of New York Mellon Corp Institution	Robin Vince CEO	$2.1B 0.37% of portfolio	1.41% 5.9M shares	≤ Q2 2013 Held for 12y 6m+	$556.34B
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	Anthony Ryan CEO	$2.0B 1.25% of portfolio	1.34% 5.6M shares	Q1 2017 Held for 8y 9m	$158.94B
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	James Poucher CEO	$1.8B 0.40% of portfolio	1.24% 5.2M shares	≤ Q2 2013 Held for 12y 6m+	$460.61B
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$1.8B 0.23% of portfolio	1.19% 5.0M shares	≤ Q2 2013 Held for 12y 6m+	$782.03B
A Amundi Institution	-	$1.7B 0.55% of portfolio	1.17% 4.9M shares	Q2 2021 Held for 4y 6m	$311.18B

Net Capital Flow

Institutional buying and selling activity for ADBE in Q3 2025

Traded: −$2.2B
Buyers: 1,057
Sellers: 1,381
Total Bought: +$7.8B
Total Sold: −$9.9B
Avg Position: $43.5M

Biggest Buyers

Institution	Net Bought	Current Position
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$688.9M +2.0M shares	$2.0B 5.6M shares
D D. E. Shaw & Co., Inc. Institution	+$629.3M +1.8M shares	$800.6M 2.3M shares
DODGE & COX Long Only Manager	+$555.2M +1.6M shares	$562.1M 1.6M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$324.7M +920.4K shares	$912.7M 2.6M shares
A Amundi Institution	+$260.0M +742.6K shares	$1.7B 4.9M shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	+$248.6M +710.4K shares	$469.5M 1.3M shares
FEDERATED INVESTORS INC /PA/ Long Only Manager	+$205.8M +583.3K shares	$316.9M 898.4K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	+$188.1M +533.2K shares	$445.4M 1.3M shares
Invesco Ltd. ETF Provider	+$146.2M +414.5K shares	$1.7B 4.8M shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$144.6M +410.0K shares	$337.5M 956.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
C Capital World Investors Institution	−$642.4M −1.8M shares	$1.0B 3.0M shares
POLEN CAPITAL MANAGEMENT LLC Long Only Manager	−$529.0M −1.5M shares	$655.1M 1.9M shares
A Assenagon Asset Management S.A. Institution	−$408.0M −1.2M shares	$688.8M 2.0M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$359.6M −1.0M shares	$1.8B 5.2M shares
GOLDMAN SACHS GROUP INC Institution	−$339.9M −963.5K shares	$1.0B 3.0M shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	−$318.2M −822.5K shares	Sold Off 0 shares
FMR LLC Institution	−$307.3M −871.1K shares	$1.3B 3.7M shares
C CAM Group Holding A/S Institution	−$211.4M −546.5K shares	Sold Off 0 shares
BARCLAYS PLC Institution	−$185.4M −525.7K shares	$851.3M 2.4M shares
40 North Management LLC Hedge Fund•Multi-Strategy	−$182.6M −472.0K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ADBE in Q3 2025

New Positions: 45
New Value: $161.4M
Exited Positions: 291
Exited Value: $1.7B

New Positions

Institution	Position Value
RE ADVISERS CORP RIA/Wealth	$30.9M 87.7K shares
G Generali Powszechne Towarzystwo Emerytalne Institution	$24.8M 70.4K shares
THORNBURG INVESTMENT MANAGEMENT INC Long Only Manager	$20.6M 58.3K shares
A Act Two Investors LLC RIA/Wealth	$15.2M 43.2K shares
P PROFESSIONAL ADVISORY SERVICES INC RIA/Wealth	$14.0M 39.7K shares
Advocacy Wealth Management Services, LLC RIA/Wealth	$8.9M 25.3K shares
M Mubadala Investment Co PJSC Institution	$8.0M 22.7K shares
Heron Bay Capital Management RIA/Wealth	$5.9M 16.9K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$5.5M 10.8K shares
Levin Easterly Partners LLC Long Only Manager	$4.1M 11.6K shares

Exited Positions

Institution	Previous Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	$318.2M 822.5K shares
C CAM Group Holding A/S Institution	$211.4M 546.5K shares
40 North Management LLC Hedge Fund•Multi-Strategy	$182.6M 472.0K shares
C Cubist Systematic Strategies, LLC Institution	$119.8M 309.6K shares
Epoch Investment Partners, Inc. Long Only Manager	$102.1M 263.9K shares
T TCW GROUP INC Institution	$64.6M 167.0K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$59.5M 153.9K shares
J JOHO CAPITAL LLC Institution	$50.5M 130.6K shares
Marathon Asset Mgmt Ltd Long Only Manager	$33.3M 86.2K shares
H HRT FINANCIAL LLC Institution	$29.5M 76.2K shares

Options Activity

Institutions with the largest Call and Put options positions in ADBE as of Q3 2025

Call Positions: 65
Call Value: $4.5B
Put Positions: 68
Put Value: $5.3B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.5B 41.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$856.9M 24.3K contracts
J JANE STREET GROUP, LLC Institution	$401.5M 11.4K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$228.2M 6.5K contracts
W WOLVERINE TRADING, LLC Institution	$218.6M 6.1K contracts
Q Qube Research & Technologies Ltd Institution	$150.0M 4.3K contracts
BANK OF AMERICA CORP /DE/ Institution	$134.5M 3.8K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$108.7M 3.1K contracts
D D. E. Shaw & Co., Inc. Institution	$103.4M 2.9K contracts
Walleye Trading LLC RIA/Wealth	$101.9M 2.9K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.6B 43.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$819.7M 23.2K contracts
J JANE STREET GROUP, LLC Institution	$348.0M 9.9K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$293.8M 8.3K contracts
D D. E. Shaw & Co., Inc. Institution	$215.7M 6.1K contracts
Q Qube Research & Technologies Ltd Institution	$209.3M 5.9K contracts
Marshall Wace LLP Institution	$161.1M 4.6K contracts
W WOLVERINE TRADING, LLC Institution	$145.7M 4.1K contracts
Walleye Trading LLC RIA/Wealth	$143.9M 4.1K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$123.6M 3.5K contracts

Most Committed Institutions

Institutions with ADBE as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Family Capital Trust Co RIA/Wealth	John Jackson Goldberg Managing Partner	23.84% $71.2M	0.05% 202.0K shares	≤ Q2 2013 Held for 12y 6m+	$298.8M
A AMIRAL GESTION Institution	-	15.91% $43.8M	0.03% 124.1K shares	Q2 2025 Held for 6 months	$275.2M
S Svenska Handelsbanken AB Institution	-	12.23% $34.9M	0.02% 99.0K shares	Q3 2025 Held for 3 months	$285.6M
A Alapocas Investment Partners, Inc. RIA/Wealth	Nancy C Littlehale President	7.37% $10.7M	0.01% 30.4K shares	Q1 2022 Held for 3y 9m	$145.8M
Geo Capital Gestora de Recursos Ltd Hedge Fund•Value	Andre Won Suk Kim Partner	7.25% $3.6M	0.00% 10.2K shares	Q4 2020 Held for 5 years	$49.5M
N Nutshell Asset Management Ltd Institution	-	6.69% $14.0M	0.01% 39.8K shares	Q4 2024 Held for 1 year	$209.6M
S Seilern Investment Management Ltd Institution	-	6.04% $83.6M	0.06% 237.0K shares	Q4 2024 Held for 1 year	$1.4B
Advanced Portfolio Management, LLC Hedge Fund•Multi-Strategy	Robert Edward Kiernan CEO	5.75% $2.3M	0.00% 6.4K shares	Q1 2025 Held for 9 months	$39.6M
R.H. Dinel Investment Counsel, Inc. RIA/Wealth	Joyce Korsmeyer Dinel President	5.62% $8.7M	0.01% 24.7K shares	Q4 2018 Held for 7 years	$155.0M
Heard Capital LLC Hedge Fund•Long/Short	William Ellak Heard CEO	5.07% $104.5M	0.07% 296.4K shares	Q4 2019 Held for 6 years	$2.1B

Hedge Fund Spotlight

Discover hedge funds investing in ADBE

OCCUDO QUANTITATIVE STRATEGIES LP

Hedge Fund • Market Neutral

Portfolio ManagerRicky Xiaoxiao Shi

Portfolio Value: $821.7M
Positions: 644
Last Reported: Q3 2025

Sector Allocation

Position in Adobe

Market Value: $6.3M
Shares Held: 17.9K
Portfolio Weight: 0.77%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Lam Research LRCX	Semiconductors Technology	$9.4M	1.15%
2 Intuitive Surgical ISRG	Medical - Instruments & Supplies Healthcare	$9.4M	1.15%
3 Costco Wholesale COST	Discount Stores Consumer Defensive	$9.3M	1.14%