Adobe Trims Stake in Q3 as Aquatic Capital Management Sells 76,584 Shares

Aquatic Capital Management reduced its Adobe holdings by 70.5% in the third quarter, according to a recent SEC filing.

Mar. 16, 2026 at 7:23am

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Aquatic Capital Management LLC, an investment firm, reduced its stake in Adobe Inc. (NASDAQ:ADBE) by 70.5% in the third quarter, selling 76,584 shares of the software company's stock. The firm now owns 32,033 shares of Adobe, valued at $11.3 million at the end of the quarter.

Why it matters

The reduction in Aquatic Capital Management's Adobe holdings reflects broader trends in the software sector, as some investors have become more cautious amid macroeconomic uncertainty. However, Adobe remains a dominant player in the creative software space and continues to see strong demand for its cloud-based products and services.

The details

According to the 13F filing, Aquatic Capital Management sold 76,584 shares of Adobe during the third quarter, trimming its position by 70.5%. The firm now holds 32,033 shares of the software company, worth $11.3 million at the end of the quarter. The sale comes as Adobe has faced some headwinds, including analyst downgrades and lower price targets amid concerns over CEO succession and mixed trends in the company's annualized recurring revenue (ARR).

  • Aquatic Capital Management sold the 76,584 Adobe shares in the third quarter of 2026.

The players

Aquatic Capital Management LLC

An investment firm that reduced its stake in Adobe Inc. by 70.5% in the third quarter of 2026.

Adobe Inc.

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

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The takeaway

The reduction in Aquatic Capital Management's Adobe holdings reflects broader caution in the software sector, but Adobe remains a dominant player in the creative software space and continues to see strong demand for its cloud-based products and services.