ADOBE INC ADBE
COM · Common Stock · CUSIP 00724F101 · ISIN US00724F1012
American multinational computer software company
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($301.4m this quarter). Holder counts are more reliable. Shares outstanding: 397.5m as of 2026-06-11, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $205.24. Options: 85 managers hold calls ($5.6bn notional), 61 hold puts ($5.2bn).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,169 |
| Q4 2022 | 2,311 |
| Q1 2023 | 2,335 |
| Q2 2023 | 2,527 |
| Q3 2023 | 2,621 |
| Q4 2023 | 2,834 |
| Q1 2024 | 2,778 |
| Q2 2024 | 2,764 |
| Q3 2024 | 2,800 |
| Q4 2024 | 2,866 |
| Q1 2025 | 2,709 |
| Q2 2025 | 2,693 |
| Q3 2025 | 2,496 |
| Q4 2025 | 2,530 |
| Q1 2026 | 2,194 |
| Q2 2026 | 1,987 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 1,381 | 1,162 |
| Q4 2024 | 1,228 | 1,363 |
| Q1 2025 | 1,304 | 1,391 |
| Q2 2025 | 1,217 | 1,359 |
| Q3 2025 | 1,052 | 1,435 |
| Q4 2025 | 946 | 1,411 |
| Q1 2026 | 947 | 1,494 |
| Q2 2026 | 800 | 1,282 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $5.7bn | $6.7bn | 1.19 |
| Q4 2025 | $5.5bn | $6.4bn | 1.17 |
| Q1 2026 | $4.7bn | $4.8bn | 1.02 |
| Q2 2026 | $5.6bn | $5.2bn | 0.93 |
Biggest buyers
| FIL Ltd | Added | +1.9m |
| Assenagon Asset Management S.A. | Added | +1.4m |
| VICTORY CAPITAL MANAGEMENT INC | Added | +903.8k |
| LSV ASSET MANAGEMENT | Added | +770.0k |
| JANE STREET GROUP, LLC | Added | +762.2k |
| Dodge & Cox | Added | +619.3k |
| CITADEL ADVISORS LLC | Added | +619.3k |
| Allianz Asset Management GmbH | Added | +609.8k |
| STATE STREET CORP | Added | +602.3k |
| HARRIS ASSOCIATES L P | Added | +535.2k |
Biggest sellers
| TWO SIGMA INVESTMENTS, LP | Reduced | -2.0m |
| FRANKLIN RESOURCES INC | Reduced | -1.5m |
| Capital World Investors | Reduced | -1.1m |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -1.0m |
| Cantillon Capital Management LLC | Sold out | -1.0m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -882.2k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -670.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -653.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Reduced | -608.8k |
| Bank of New York Mellon Corp | Reduced | -551.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.6bn7.8m shares |
| CITADEL ADVISORS LLC | Added | $907.8m4.4m shares |
| JANE STREET GROUP, LLC | Added | $742.6m3.6m shares |
| IMC-Chicago, LLC | Added | $657.2m3.2m shares |
| CMT Capital Markets Trading GmbH | Added | $280.7m1.4m shares |
| GROUP ONE TRADING LLC | Added | $164.1m800.5k shares |
| Walleye Trading LLC | Reduced | $162.6m792.9k shares |
| UBS Group AG | Added | $141.9m692.0k shares |
| ADAPT Investment Managers SA | Added | $135.5m660.9k shares |
| Optiver Holding B.V. | Added | $120.7m588.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.1bn5.5m shares |
| JANE STREET GROUP, LLC | Added | $1.1bn5.2m shares |
| CITADEL ADVISORS LLC | Added | $656.5m3.2m shares |
| IMC-Chicago, LLC | Added | $319.5m1.6m shares |
| CMT Capital Markets Trading GmbH | Reduced | $272.6m1.3m shares |
| Walleye Trading LLC | Added | $166.7m812.9k shares |
| GOLDMAN SACHS GROUP INC | Added | $155.5m758.5k shares |
| Hudson Bay Capital Management LP | Added | $135.9m662.9k shares |
| PEAK6 LLC | Added | $130.6m637.2k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $113.1m551.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-07-27 | 9.4% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.6% |
| STATE STREET CORP 13G · institution new · filed 2026-08-07 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 3 | $2.0m | $1.7m |
| Q1 2025 | 2 | $1.5m | 2 | $2.2m | $2.0m |
| Q2 2025 | 0 | — | 1 | $175.8k | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 1 | $50.3k | — |
| Q1 2026 | 0 | — | 1 | $485.3k | — |
| Q2 2026 | 1 | $1.9m | 3 | $18.8m | — |
| Q3 2026 | 0 | — | 2 | $31.5m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-17 | NARAYEN SHANTANU Chair and CEO, director · by trust | Sold | $12.6m50.5k shares |
| 2026-09-16 | NARAYEN SHANTANU Chair and CEO, director · by trust | Sold | $18.7m74.5k shares |
| 2026-07-29 | Forusz Jillian SVP & CAO | Sold | $110.0k416 shares |
| 2026-06-25 | Ricks David A Director | Bought | $1.9m10.0k shares |
| 2026-04-30 | Forusz Jillian SVP & CAO | Sold | $185.9k755 shares |
| 2026-04-28 | NARAYEN SHANTANU Chair and CEO, director · by trust | Sold | $18.3m75.0k shares |
| 2026-04-20 | Durn Daniel EVP & CFO | Sold | $331.4k1.3k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.13% of their portfolio | 41.2m $8.4bn | Added +346.1k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 26.4m $5.4bn | Reduced -274.8k |
| STATE STREET CORP 0.12% of their portfolio | 20.5m $4.2bn | Added +602.3k |
| Invesco Ltd. 0.24% of their portfolio | 14.7m $3.0bn | Added +528.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.13% of their portfolio | 11.6m $2.4bn | Reduced -111.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.09% of their portfolio | 9.4m $1.9bn | Reduced -608.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.62% of their portfolio | 6.8m $1.4bn | Reduced -5.3k |
| MORGAN STANLEY 0.06% of their portfolio | 5.4m $1.1bn | Reduced -286.4k |
| Amundi 0.26% of their portfolio | 5.2m $1.1bn | Added +518.4k |
| PRIMECAP MANAGEMENT CO/CA/ 0.63% of their portfolio | 5.2m $1.1bn | Added +496.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.19% of their portfolio | 5.0m $1.0bn | Added +19.0k |
| NORGES BANK 0.10% of their portfolio | 5.0m $1.0bn | Not comparable |
| FIL Ltd 0.71% of their portfolio | 4.8m $986.9m | Added +1.9m |
| Bank of New York Mellon Corp 0.16% of their portfolio | 4.7m $954.5m | Reduced -551.3k |
| NORTHERN TRUST CORP 0.11% of their portfolio | 4.5m $928.3m | Reduced -223.6k |
| AQR CAPITAL MANAGEMENT LLC 0.28% of their portfolio | 3.9m $805.0m | Reduced -304.0k |
| DEUTSCHE BANK AG\ 0.22% of their portfolio | 3.7m $750.2m | Added +258.4k |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 3.5m $723.5m | Reduced -246.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.40% of their portfolio | 3.5m $715.6m | Added +903.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.09% of their portfolio | 3.4m $697.4m | Added +215.8k |
| Legal & General Group Plc 0.14% of their portfolio | 3.2m $653.3m | Added +36.1k |
| Dodge & Cox 0.33% of their portfolio | 3.1m $638.6m | Added +619.3k |
| HARRIS ASSOCIATES L P 0.77% of their portfolio | 2.8m $580.0m | Added +535.2k |
| FMR LLC 0.02% of their portfolio | 2.8m $573.2m | Reduced -40.0k |
| Assenagon Asset Management S.A. 0.35% of their portfolio | 2.6m $535.6m | Added +1.4m |
| UBS Group AG 0.08% of their portfolio | 2.6m $534.5m | Added +444.4k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 2.4m $499.1m | Reduced -141.4k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 2.4m $493.8m | Reduced -186.0k |
| VANGUARD FIDUCIARY TRUST CO 0.10% of their portfolio | 2.3m $472.9m | Reduced -62.0k |
| AMERIPRISE FINANCIAL INC 0.09% of their portfolio | 2.1m $438.5m | Reduced -201.4k |
| ROYAL BANK OF CANADA 0.07% of their portfolio | 2.1m $420.4m | Reduced -80.6k |
| Aristotle Capital Management, LLC 0.87% of their portfolio | 2.0m $417.0m | Reduced -135.9k |
| BARCLAYS PLC 0.12% of their portfolio | 1.8m $373.9m | Reduced -394.0k |
| LSV ASSET MANAGEMENT 0.66% of their portfolio | 1.8m $362.8m | Added +770.0k |
| HSBC HOLDINGS PLC 0.17% of their portfolio | 1.7m $354.5m | Added +9.5k |
| Nuveen, LLC 0.08% of their portfolio | 1.7m $351.7m | Added +305.0k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 1.6m $335.3m | Reduced -224.0k |
| Allianz Asset Management GmbH 0.36% of their portfolio | 1.6m $353.9m | Added +609.8k |
| Pacer Advisors, Inc. 0.82% of their portfolio | 1.5m $316.6m | Added +126.6k |
| Man Group plc 0.58% of their portfolio | 1.5m $315.0m | Added +279.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.16% of their portfolio | 1.5m $313.0m | Reduced -55.9k |
| STATE OF MICHIGAN RETIREMENT SYSTEM 1.22% of their portfolio | 1.3m $276.6m | Added +528.4k |
| FRANKLIN RESOURCES INC 0.06% of their portfolio | 1.3m $268.5m | Reduced -1.5m |
| AustralianSuper Pty Ltd 1.11% of their portfolio | 1.3m $256.6m | Added +520.5k |
| CITIGROUP INC 0.12% of their portfolio | 1.2m $250.6m | Added +297.5k |
| National Pension Service 0.16% of their portfolio | 1.2m $245.9m | Added +39.9k |
| Russell Investments Group, Ltd. 0.21% of their portfolio | 1.2m $242.7m | Added +98.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.13% of their portfolio | 1.2m $236.4m | Reduced -466.8k |
| Swiss National Bank 0.12% of their portfolio | 1.1m $233.7m | Reduced -88.5k |
| NORDEA INVESTMENT MANAGEMENT AB 0.19% of their portfolio | 1.1m $230.8m | Added +13.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.21% of their portfolio | 1.1m $232.4m | Reduced -653.0k |
| TWO SIGMA INVESTMENTS, LP 0.17% of their portfolio | 1.1m $224.1m | Reduced -2.0m |
| Robeco Institutional Asset Management B.V. 0.27% of their portfolio | 1.1m $220.5m | Added +261.2k |
| FEDERATED HERMES, INC. 0.31% of their portfolio | 1.1m $218.8m | Added +262.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.12% of their portfolio | 1.0m $214.2m | Reduced -25.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.12% of their portfolio | 1.0m $211.2m | Added +52.8k |
| STIFEL FINANCIAL CORP 0.16% of their portfolio | 936.0k $191.9m | Added +41.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.14% of their portfolio | 929.8k $190.6m | Added +76.4k |
| BANK OF MONTREAL /CAN/ 0.07% of their portfolio | 917.0k $188.0m | Added +59.9k |
| Vanguard Global Advisers, LLC 0.09% of their portfolio | 902.9k $185.1m | Reduced -19.7k |
| California Public Employees Retirement System 0.10% of their portfolio | 899.5k $184.4m | Reduced -198.2k |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 868.4k $178.0m | Added +619.3k |
| JANE STREET GROUP, LLC 0.11% of their portfolio | 867.8k $177.9m | Added +762.2k |
| Caisse de depot et placement du Quebec 0.25% of their portfolio | 867.6k $177.9m | Added +133.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.27% of their portfolio | 847.9k $175.1m | Added +11.4k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 1.39% of their portfolio | 846.9k $173.6m | Reduced -225.0k |
| FIRST TRUST ADVISORS LP 0.10% of their portfolio | 840.2k $172.3m | Added +76.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.17% of their portfolio | 815.2k $167.1m | Reduced -240.6k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.11% of their portfolio | 791.1k $162.2m | Added +73.2k |
| DekaBank Deutsche Girozentrale 0.32% of their portfolio | 778.6k $187.1m | Unchanged |
| RHUMBLINE ADVISERS 0.12% of their portfolio | 763.0k $156.4m | Reduced -38.9k |
| ACADIAN ASSET MANAGEMENT LLC 0.18% of their portfolio | 746.7k $153.1m | Reduced -422.4k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.29% of their portfolio | 745.4k $152.8m | Added +23.7k |
| SG Americas Securities, LLC 0.09% of their portfolio | 745.0k $152.8m | Added +378.3k |
| Walleye Trading LLC 2.11% of their portfolio | 740.5k $151.8m | Added +488.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.12% of their portfolio | 731.7k $150.0m | Reduced -882.2k |
| Swedbank AB 0.13% of their portfolio | 715.7k $146.7m | Reduced -21.2k |
| LAZARD ASSET MANAGEMENT LLC 0.21% of their portfolio | 692.2k $141.9m | Added +39.6k |
| AMF Tjanstepension AB 0.84% of their portfolio | 689.0k $141.3m | Unchanged |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.50% of their portfolio | 683.9k $140.2m | Reduced -123.7k |
| SEI INVESTMENTS CO 0.12% of their portfolio | 672.6k $137.9m | Reduced -12.4k |
| Hudson Bay Capital Management LP 0.64% of their portfolio | 665.6k $136.5m | Added +237.1k |
| Nykredit A/S 0.43% of their portfolio | 662.5k $135.8m | First filing |
| MARSHALL WACE, LLP 0.11% of their portfolio | 649.4k $133.1m | Added +286.3k |
| JUPITER ASSET MANAGEMENT LTD 0.66% of their portfolio | 648.9k $133.0m | Added +418.4k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 646.4k $132.5m | Reduced -81.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.12% of their portfolio | 612.9k $125.7m | Reduced -16.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 600.5k $123.1m | Reduced -497.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.14% of their portfolio | 569.9k $116.8m | Reduced -39.3k |
| PRUDENTIAL FINANCIAL INC 0.12% of their portfolio | 559.4k $114.7m | Reduced -41.2k |
| CANADA LIFE ASSURANCE Co 0.18% of their portfolio | 553.3k $113.2m | Added +47.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 522.9k $107.2m | Reduced -19.2k |
| Mitsubishi UFJ Trust & Banking Corp 0.23% of their portfolio | 503.8k $103.3m | Added +88.8k |
| Marex Group Ltd 0.76% of their portfolio | 500.2k $102.6m | Added +442.4k |
| LPL Financial LLC 0.02% of their portfolio | 499.5k $102.4m | Added +68.4k |
| SEB Asset Management AB 0.38% of their portfolio | 487.6k $100.0m | Reduced -54.3k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 484.2k $117.7m | Reduced -43.3k |
| Aberdeen Group plc 0.14% of their portfolio | 481.5k $98.7m | Reduced -35.4k |
| Capital World Investors 0.01% of their portfolio | 477.8k $98.0m | Reduced -1.1m |
| Troy Asset Management Ltd 2.71% of their portfolio | 473.7k $97.1m | Reduced -51.2k |