Fisher Asset Management Trims Adobe Stake

Institutional investor reduces holdings in software giant by 7.3% in Q3

Mar. 2, 2026 at 4:47pm

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Fisher Asset Management LLC, a major institutional investor, trimmed its stake in Adobe Inc. (NASDAQ:ADBE) by 7.3% in the third quarter of 2026, according to a recent SEC filing. The firm now owns 4,234,478 shares of the software company's stock, representing a 1.01% ownership stake.

Why it matters

Adobe is a leading provider of creative and digital experience software, and its stock performance is closely watched by investors. This filing indicates that a prominent institutional investor has reduced its position in the company, which could signal a shift in sentiment or portfolio strategy.

The details

According to the SEC filing, Fisher Asset Management sold 333,339 shares of Adobe stock during the third quarter. The firm now owns a total of 4,234,478 shares, valued at approximately $1.49 billion based on Adobe's current stock price.

  • The filing covers the third quarter of 2026.

The players

Fisher Asset Management LLC

A major institutional investor and asset management firm.

Adobe Inc.

A global software company that develops tools and services for creative professionals, marketers, and enterprises.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

This filing highlights the ongoing shifts in institutional investor sentiment towards Adobe, a bellwether in the software and technology industry. As the company navigates market conditions and competitive dynamics, its stock performance will likely continue to be closely monitored by analysts and investors alike.