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NASDAQ · Technology

ADOBE INC ADBE

Adobe is the world's leading creative and digital experience software company. Its main businesses include creative tools (such as Photoshop, Illustrator), document cloud (Acrobat) and digital marketing platforms. The company is expanding its user base and driving revenue growth through deep integration of AI (such as Firefly generative models). The focus of investment analysis is on AI-driven user growth, profit model transformation and the synergies brought about by the Semrush acquisition.

Sources Company earnings and call materials quartr.com
Software

Company profile

Business mix

  • Core creative software and digital experience cloud platform, serving professional creators, enterprises and marketers.
  • Products such as AI-based generative tools Firefly and Express have more than 850 million monthly active users and a year-on-year increase of 17%.
  • Plans to acquire Semrush to strengthen search engine optimization and generation engine optimization capabilities and expand digital marketing territory.

Current key questions

  • The potential impact on margins from transitioning from traditional subscriptions to a hybrid pricing model of consumption, tokens, freemium and outcome-based pricing.
  • While promoting the popularization of AI functions, we can also alleviate customers' anxiety about AI to accelerate adoption.
  • How to establish differentiation in the highly competitive customer experience orchestration (CX orchestration) market.
Holders 2 Current sample portfolio
Public mentions 0 Videos / interviews / letters
Valuation snapshot
PE 14.66 FCF 10.15% Buyback 5.57%
2026-06-07

Current firm holders

Firm Weight Value Filing period
Oakmark / Harris Associates Bill Nygren 0.7% $557.6M 2026-03-31
Gotham Asset Management Joel Greenblatt 0.1% $41.6M 2026-03-31

Recent trading changes over the last 2 quarters

Last 1 quarters Last 2 quarters Last 3 quarters Last 4 quarters
Net buyers 3 Last 2 13F filing periods
Net reducers 4 Last 2 13F filing periods
Unchanged holders 1 Share count unchanged
Increase amount $576.8M Estimated from net added shares
Reduction amount $1.1B Estimated from net reduced shares
Net share change / base shares -36.4% -1,417,402 / 3,897,761
Coatue Management Philippe Laffont 2 filing periods
13F 2025-12-31 Filed 2026-02-17
Major increase Shares 43.2% 13F value change +$90.5M
13F 2026-03-31 Filed 2026-05-15
Sold out Shares -100.0% 13F value change -$305.9M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 610,621 Last 2 periods -610,621 (-100.0%) Total shares 0 Value $0
Bridgewater Associates Ray Dalio 2 filing periods
13F 2025-12-31 Filed 2026-02-13
Minor increase Shares 1.0% 13F value change +$840,485
13F 2026-03-31 Filed 2026-05-15
Major reduction Shares -99.9% 13F value change -$445.9M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 1,262,696 Last 2 periods -1,261,384 (-99.9%) Total shares 1,312 Value $318,921
Gotham Asset Management Joel Greenblatt 2 filing periods
13F 2025-12-31 Filed 2026-02-17
Minor increase Shares 8.9% 13F value change +$2.7M
13F 2026-03-31 Filed 2026-05-15
Major increase Shares 64.3% 13F value change +$5.1M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 95,627 Last 2 periods +75,440 (+78.9%) Total shares 171,067 Value $41.6M
Oakmark / Harris Associates Bill Nygren 1 filing periods
13F 2026-03-31 Filed 2026-05-15
New Shares - 13F value change +$557.6M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 0 Last 2 periods +2,293,821 (New) Total shares 2,293,821 Value $557.6M
Polen Capital Management 2 filing periods
13F 2025-12-31 Filed 2026-02-12
Major reduction Shares -27.5% 13F value change -$184.2M
13F 2026-03-31 Filed 2026-05-14
Major reduction Shares -99.1% 13F value change -$468.1M
Settlement As of 13F 2026-03-31 · Filed 2026-05-14
Base shares 1,857,198 Last 2 periods -1,845,330 (-99.4%) Total shares 11,868 Value $2.9M
Mar Vista Investment Partners 2 filing periods
13F 2025-06-30 Filed 2025-08-11
Minor reduction Shares -12.8% 13F value change -$3.3M
13F 2025-09-30 Filed 2025-11-12
Sold out Shares -100.0% 13F value change -$24.2M
Settlement As of 13F 2025-09-30 · Filed 2025-11-12
Base shares 71,619 Last 2 periods -71,619 (-100.0%) Total shares 0 Value $0
Edgewood Management 2 filing periods
13F 2025-03-31 Filed 2025-05-14
New Shares - 13F value change +$1.1B
13F 2025-06-30 Filed 2025-08-13
Major reduction Shares -99.9% 13F value change -$1.1B
Settlement As of 13F 2025-06-30 · Filed 2025-08-13
Base shares 0 Last 2 periods +2,291 (New) Total shares 2,291 Value $886,342
Weitz Investment Management Wallace Weitz 2 filing periods
13F 2025-03-31 Filed 2025-05-09
New Shares - 13F value change +$31.6M
13F 2025-06-30 Filed 2025-08-12
Sold out Shares -100.0% 13F value change -$31.6M
Settlement As of 13F 2025-06-30 · Filed 2025-08-12
Base shares 0 Last 2 periods +0 (New) Total shares 0 Value $0

Recent mentions

No public mentions.