Adobe Stock Position Decreased by Amiral Gestion

Hedge fund reduces stake in software giant amid broader industry selloff

Mar. 28, 2026 at 7:08am

Got story updates? Submit your updates here. ›

Amiral Gestion, a French investment management firm, reduced its position in Adobe Inc. (NASDAQ:ADBE) by 20.1% in the fourth quarter, according to a recent SEC filing. The fund now owns 99,141 shares of the software company's stock, valued at $34.7 million.

Why it matters

The reduction in Amiral Gestion's Adobe stake comes amid a broader selloff in software and AI-related stocks, as investors weigh the impact of emerging competition and pricing pressures on industry leaders like Adobe.

The details

Amiral Gestion cited the sale of 24,967 Adobe shares during the quarter as the reason for the decreased position. Adobe now makes up approximately 12.6% of Amiral Gestion's investment portfolio, making it the firm's second-largest holding.

  • Amiral Gestion reduced its Adobe position in the fourth quarter of 2025.

The players

Amiral Gestion

A French investment management firm that has reduced its stake in Adobe Inc.

Adobe Inc.

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

Got photos? Submit your photos here. ›

The takeaway

The reduction in Amiral Gestion's Adobe position reflects broader market concerns about the software industry, including the rise of AI-powered competitors and potential pricing pressures. Investors will be closely watching how Adobe navigates these challenges in the coming quarters.