Adobe Inc. (ADBE) shareholders
ADBENasdaqServices-Prepackaged SoftwareFiscal year ends November 27
Financials through Q3 FY2026, quarter ended Aug 28, 2026Last filing: 10-Q on Sep 22, 2026Score 20/3057% below fair value
$243.08+4.54 (+1.90%)
Close on Nov 13, 2026Market cap $94.61BP/E 13.6Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
85.7%
334M of 389M shares
Institutional holders
1,988
172 new, 338 sold out
Net institutional buying
3M
In Q2 2026
Insider trades, 12 months
1 buys · 19 sales
Net sold $48.78M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 37,230,155 | 9.40% | 13G (passive) amendment | Jun 30, 2026 |
| Vanguard Capital Management | 30,765,197 | 7.61% | 13G (passive) | Mar 31, 2026 |
| State Street Corporation | 20,538,520 | 5.20% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of ADBE | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 41,156,085 | 10.57% | $8.44B | +346,145 | 0.13% |
| Vanguard Capital Management LLC | 26,405,210 | 6.78% | $5.41B | −274,761 | 0.12% |
| State Street Corp | 20,515,508 | 5.27% | $4.21B | +602,321 | 0.12% |
| Invesco Ltd. | 14,654,959 | 3.77% | $3.00B | +528,125 | 0.24% |
| Geode Capital Management, LLC | 11,615,763 | 2.98% | $2.38B | −111,125 | 0.13% |
| Vanguard Portfolio Management LLC | 9,363,848 | 2.41% | $1.92B | −608,784 | 0.09% |
| Arrowstreet Capital, Limited Partnership | 6,787,022 | 1.74% | $1.39B | −5,253 | 0.62% |
| Morgan Stanley | 5,390,521 | 1.39% | $1.11B | −286,412 | 0.06% |
| Amundi | 5,242,464 | 1.35% | $1.07B | +518,362 | 0.26% |
| Primecap Management Co/Ca/ | 5,227,139 | 1.34% | $1.07B | +496,293 | 0.63% |
| UBS Asset Management Americas Inc | 5,045,547 | 1.30% | $1.03B | +18,995 | 0.19% |
| Norges Bank | 4,972,088 | 1.28% | $1.02B | New | 0.10% |
| FIL Ltd | 4,813,688 | 1.24% | $986.90M | +1,864,348 | 0.71% |
| Bank of New York Mellon Corp | 4,655,489 | 1.20% | $954.47M | −551,302 | 0.16% |
| Northern Trust Corp | 4,527,997 | 1.16% | $928.33M | −223,648 | 0.11% |
| Aqr Capital Management LLC | 3,928,010 | 1.01% | $805.01M | −304,030 | 0.28% |
| Deutsche Bank AG\ | 3,659,169 | 0.94% | $750.20M | +258,424 | 0.22% |
| Goldman Sachs Group Inc | 3,529,096 | 0.91% | $723.54M | −246,804 | 0.06% |
| Victory Capital Management Inc | 3,490,203 | 0.90% | $715.56M | +903,821 | 0.40% |
| Charles Schwab Investment Management Inc | 3,401,534 | 0.87% | $697.38M | +215,780 | 0.09% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 1,988 | 334M | 85.7% | 172 / 658 | 947 / 338 | 32M | 28M |
| Q1 2026 | 2,195 | 330M | 84.9% | 197 / 789 | 1007 / 491 | 70M | 47M |
| Q4 2025 | 2,531 | 350M | 90.0% | 298 / 805 | 1204 / 207 | 35M | 23M |
| Q3 2025 | 2,497 | 340M | 87.3% | 148 / 931 | 1145 / 297 | 26M | 37M |
| Q2 2025 | 2,693 | 351M | 90.3% | 217 / 1033 | 1165 / 195 | 29M | 25M |
| Q1 2025 | 2,707 | 348M | 89.4% | 183 / 1154 | 1095 / 297 | 27M | 30M |
| Q4 2024 | 2,866 | 354M | 90.9% | 361 / 1105 | 1125 / 239 | 26M | 33M |
| Q3 2024 | 2,799 | 361M | 92.8% | 208 / 1212 | 1025 / 137 | 53M | 22M |
| Q2 2024 | 2,761 | 369M | 94.7% | 208 / 1192 | 1048 / 193 | 24M | 46M |
| Q1 2024 | 2,778 | 393M | 100.0% | 204 / 1226 | 1063 / 216 | 33M | 31M |
| Q4 2023 | 2,833 | 393M | 100.0% | 376 / 1065 | 1083 / 128 | 41M | 18M |
| Q3 2023 | 2,619 | 371M | 95.4% | 223 / 1042 | 1002 / 99 | 20M | 21M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
1,055 funds held ADBE in Q2 2026, 57% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of ADBE | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 12,831,836 | 3.30% | $2.63B | 0.11% | Jun 30, 2026 |
| Vanguard 500 Index Fund | 10,471,777 | 2.69% | $2.15B | 0.13% | Jun 30, 2026 |
| Invesco QQQ Trust, Series 1 | 8,580,026 | 2.20% | $1.76B | 0.36% | Jun 30, 2026 |
| iShares Core S&P 500 ETF | 5,559,974 | 1.43% | $1.14B | 0.13% | Jun 30, 2026 |
| Fidelity 500 Index Fund | 5,253,175 | 1.35% | $1.36B | 0.16% | May 31, 2026 |
| Vanguard Primecap Fund | 3,409,557 | 0.88% | $699.03M | 0.73% | Jun 30, 2026 |
| Vanguard Information Technology Index Fund | 2,983,490 | 0.77% | $773.35M | 0.45% | May 31, 2026 |
| State Street(R) Technology Select Sector SPDR(R) ETF | 2,790,404 | 0.72% | $572.09M | 0.46% | Jun 30, 2026 |
| Vanguard Growth Index Fund | 2,440,890 | 0.63% | $500.43M | 0.13% | Jun 30, 2026 |
| Dodge & Cox Stock Fund | 2,344,200 | 0.60% | $480.61M | 0.41% | Jun 30, 2026 |
| Vanguard Institutional Index Fund | 2,194,340 | 0.56% | $449.88M | 0.13% | Jun 30, 2026 |
| iShares Expanded Tech-Software Sector ETF | 2,069,608 | 0.53% | $424.31M | 3.13% | Jun 30, 2026 |
| Vanguard Value Index Fund | 1,925,954 | 0.49% | $394.86M | 0.16% | Jun 30, 2026 |
| iShares MSCI USA Quality Factor ETF | 1,814,611 | 0.47% | $454.40M | 0.98% | Jul 31, 2026 |
| Invesco NASDAQ 100 ETF | 1,731,761 | 0.44% | $448.89M | 0.46% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Shantanu Narayen | Chair and CEO, Director | 243,310 | 0.06% | Oct 19, 2026 |
| Jillian Forusz | SVP & CAO | 6,303 | 0.00% | Oct 19, 2026 |
| Gloria Chen | EVP, Chief People Officer | 52,739 | 0.01% | Oct 19, 2026 |
| Lara Balazs | Chief Marketing Officer & EVP | 6,927 | 0.00% | Oct 19, 2026 |
| Adele Louise Pentland | Chief Legal Officer & EVP | 7,702 | 0.00% | Oct 19, 2026 |
| Steven Day | Interim CFO and SVP | 7,291 | 0.00% | Oct 19, 2026 |
| Anil Chakravarthy | President, CXO | 63,420 | 0.02% | Oct 19, 2026 |
| David Wadhwani | President, C&P | 43,216 | 0.01% | Jul 17, 2026 |
| Daniel Durn | EVP & CFO | 42,833 | 0.01% | Apr 22, 2026 |
| Scott Belsky | Chief Strategy Officer & EVP | 18,334 | 0.00% | Jan 28, 2025 |
| David A. Ricks | Director | 20,430 | 0.01% | Jun 26, 2026 |
| Daniel Rosensweig | Director | 19,934 | 0.01% | Apr 17, 2026 |
| Spencer Adam Neumann | Director | 3,288 | 0.00% | Apr 17, 2026 |
| Frank Calderoni | Director | 32,717 | 0.01% | Apr 17, 2026 |
| Laura Desmond | Director | 32,633 | 0.01% | Apr 17, 2026 |
| Kathleen K. Oberg | Director | 5,250 | 0.00% | Apr 17, 2026 |
| Dheeraj Pandey | Director | 5,920 | 0.00% | Apr 17, 2026 |
| Melanie Boulden | Director | 3,965 | 0.00% | Apr 17, 2026 |
| Cristiano R. Amon | Director | 1,822 | 0.00% | Apr 17, 2026 |
| Amy Banse | Director | 34,517 | 0.01% | Apr 17, 2026 |
| M. Brett Biggs | Director | 2,478 | 0.00% | Apr 23, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Lara Balazs Chief Marketing Officer & EVP | Oct 15, 2026 | Tax withholding | −648 | $251.67 | $163.08K | 6,918 |
| Lara Balazs Chief Marketing Officer & EVP | Oct 15, 2026 | Option exercise | +1,308 | – | – | 7,566 |
| Lara Balazs Chief Marketing Officer & EVP | Oct 15, 2026 | Tax withholding | −609 | $251.67 | $153.27K | 6,258 |
| Lara Balazs Chief Marketing Officer & EVP | Oct 15, 2026 | Option exercise | +1,229 | – | – | 6,867 |
| Anil Chakravarthy President, CXO | Oct 15, 2026 | Tax withholding | −560 | $251.67 | $140.94K | 63,420 |
| Anil Chakravarthy President, CXO | Oct 15, 2026 | Option exercise | +1,131 | – | – | 63,980 |
| Anil Chakravarthy President, CXO | Oct 15, 2026 | Tax withholding | −344 | $251.67 | $86.57K | 62,849 |
| Anil Chakravarthy President, CXO | Oct 15, 2026 | Option exercise | +695 | – | – | 63,193 |
| Anil Chakravarthy President, CXO | Oct 15, 2026 | Tax withholding | −216 | $251.67 | $54.36K | 62,498 |
| Anil Chakravarthy President, CXO | Oct 15, 2026 | Option exercise | +437 | – | – | 62,714 |
| Anil Chakravarthy President, CXO | Oct 15, 2026 | Tax withholding | −376 | $251.67 | $94.63K | 62,277 |
| Anil Chakravarthy President, CXO | Oct 15, 2026 | Option exercise | +760 | – | – | 62,653 |
| Gloria Chen EVP, Chief People Officer | Oct 15, 2026 | Tax withholding | −648 | $251.67 | $163.08K | 52,072 |
| Gloria Chen EVP, Chief People Officer | Oct 15, 2026 | Option exercise | +1,308 | – | – | 52,720 |
| Gloria Chen EVP, Chief People Officer | Oct 15, 2026 | Tax withholding | −358 | $251.67 | $90.10K | 51,412 |
| Gloria Chen EVP, Chief People Officer | Oct 15, 2026 | Option exercise | +724 | – | – | 51,770 |
| Gloria Chen EVP, Chief People Officer | Oct 15, 2026 | Tax withholding | −219 | $251.67 | $55.12K | 51,046 |
| Gloria Chen EVP, Chief People Officer | Oct 15, 2026 | Option exercise | +443 | – | – | 51,265 |
| Gloria Chen EVP, Chief People Officer | Oct 15, 2026 | Tax withholding | −381 | $251.67 | $95.89K | 50,822 |
| Gloria Chen EVP, Chief People Officer | Oct 15, 2026 | Option exercise | +769 | – | – | 51,203 |
| Jillian Forusz SVP & CAO | Oct 15, 2026 | Tax withholding | −560 | $251.67 | $140.94K | 6,303 |
| Jillian Forusz SVP & CAO | Oct 15, 2026 | Option exercise | +1,130 | – | – | 6,863 |
| Jillian Forusz SVP & CAO | Oct 15, 2026 | Tax withholding | −285 | $251.67 | $71.73K | 5,733 |
| Jillian Forusz SVP & CAO | Oct 15, 2026 | Option exercise | +576 | – | – | 6,018 |
| Jillian Forusz SVP & CAO | Oct 15, 2026 | Tax withholding | −10 | $251.67 | $2.52K | 5,442 |
| Jillian Forusz SVP & CAO | Oct 15, 2026 | Option exercise | +22 | – | – | 5,452 |
| Jillian Forusz SVP & CAO | Oct 15, 2026 | Tax withholding | −17 | $251.67 | $4.28K | 5,430 |
| Jillian Forusz SVP & CAO | Oct 15, 2026 | Option exercise | +35 | – | – | 5,447 |
| Jillian Forusz SVP & CAO | Oct 15, 2026 | Tax withholding | −29 | $251.67 | $7.30K | 5,412 |
| Jillian Forusz SVP & CAO | Oct 15, 2026 | Option exercise | +60 | – | – | 5,441 |
| Shantanu Narayen Chair and CEO, Director | Oct 15, 2026 | Tax withholding | −1,416 | $251.67 | $356.36K | 242,911 |
| Shantanu Narayen Chair and CEO, Director | Oct 15, 2026 | Option exercise | +2,857 | – | – | 244,327 |
| Shantanu Narayen Chair and CEO, Director | Oct 15, 2026 | Tax withholding | −980 | $251.67 | $246.64K | 241,470 |
| Shantanu Narayen Chair and CEO, Director | Oct 15, 2026 | Option exercise | +1,978 | – | – | 242,450 |
| Shantanu Narayen Chair and CEO, Director | Oct 15, 2026 | Tax withholding | −627 | $251.67 | $157.80K | 240,472 |
| Shantanu Narayen Chair and CEO, Director | Oct 15, 2026 | Option exercise | +1,265 | – | – | 241,099 |
| Shantanu Narayen Chair and CEO, Director | Oct 15, 2026 | Tax withholding | −1,090 | $251.67 | $274.32K | 239,834 |
| Shantanu Narayen Chair and CEO, Director | Oct 15, 2026 | Option exercise | +2,200 | – | – | 240,924 |
| Adele Louise Pentland Chief Legal Officer & EVP | Oct 15, 2026 | Tax withholding | −648 | $251.67 | $163.08K | 7,702 |
| Adele Louise Pentland Chief Legal Officer & EVP | Oct 15, 2026 | Option exercise | +1,308 | – | – | 8,350 |
| Steven Day Interim CFO and SVP | Oct 15, 2026 | Tax withholding | −700 | $251.67 | $176.17K | 7,291 |
| Steven Day Interim CFO and SVP | Oct 15, 2026 | Option exercise | +1,413 | – | – | 7,991 |
| Steven Day Interim CFO and SVP | Oct 15, 2026 | Tax withholding | −207 | $251.67 | $52.10K | 6,578 |
| Steven Day Interim CFO and SVP | Oct 15, 2026 | Option exercise | +419 | – | – | 6,785 |
| Steven Day Interim CFO and SVP | Oct 15, 2026 | Tax withholding | −75 | $251.67 | $18.88K | 6,366 |
| Steven Day Interim CFO and SVP | Oct 15, 2026 | Option exercise | +152 | – | – | 6,441 |
| Steven Day Interim CFO and SVP | Oct 15, 2026 | Tax withholding | −30 | $251.67 | $7.55K | 6,289 |
| Steven Day Interim CFO and SVP | Oct 15, 2026 | Option exercise | +62 | – | – | 6,319 |
| Steven Day Interim CFO and SVP | Oct 15, 2026 | Tax withholding | −26 | $251.67 | $6.54K | 6,257 |
| Steven Day Interim CFO and SVP | Oct 15, 2026 | Option exercise | +54 | – | – | 6,283 |
| Shantanu Narayen Chair and CEO, Director | Sep 17, 2026 | Sale | −10,313 | $249.17 | $2.57M | 266,935 |
| Shantanu Narayen Chair and CEO, Director | Sep 17, 2026 | Sale | −638 | $251.76 | $160.62K | 238,724 |
| Shantanu Narayen Chair and CEO, Director | Sep 17, 2026 | Sale | −9,978 | $251.02 | $2.50M | 239,362 |
| Shantanu Narayen Chair and CEO, Director | Sep 17, 2026 | Sale | −17,595 | $250.19 | $4.40M | 249,340 |
| Shantanu Narayen Chair and CEO, Director | Sep 17, 2026 | Sale | −7,168 | $248.14 | $1.78M | 277,248 |
| Shantanu Narayen Chair and CEO, Director | Sep 17, 2026 | Sale | −3,430 | $247.36 | $848.44K | 284,416 |
| Shantanu Narayen Chair and CEO, Director | Sep 17, 2026 | Sale | −1,378 | $246.09 | $339.11K | 287,846 |
| Shantanu Narayen Chair and CEO, Director | Sep 16, 2026 | Sale | −33,001 | $251.03 | $8.28M | 322,365 |
| Shantanu Narayen Chair and CEO, Director | Sep 16, 2026 | Sale | −8,358 | $250.22 | $2.09M | 355,366 |
| Shantanu Narayen Chair and CEO, Director | Sep 16, 2026 | Sale | −20,716 | $252.03 | $5.22M | 301,649 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
4.31%
17M shares short
Days to cover
4.2
At 4M shares a day
Change since last report
-6.5%
From 18M shares
Short volume, 20 days
47.8%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Adobe's stock actually held short. Settlement fails (shares not delivered on time) peaked at 24,557 shares on Sep 23, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Narayen Family Trust Officer | Sep 16, 2026 | 125,000 | $31.44M | Sep 16, 2026 | RSU |
| Daniel Durn Officer | Sep 8, 2026 | 33 | $8.48K | Sep 8, 2026 | Stock Award |
| Jillian Forusz Officer | Jul 29, 2026 | 416 | $109.96K | Jul 29, 2026 | Restricted Stock |
| Daniel Durn Officer | Jun 16, 2026 | 42,700 | $9.57M | Jun 16, 2026 | Compensation - Stock Award |
| Jillian Forusz Officer | Apr 30, 2026 | 755 | $185.91K | Apr 30, 2026 | Restricted Stock |
| The Narayen Family Trust Officer | Apr 28, 2026 | 75,000 | $18.30M | Apr 28, 2026 | RSU |
| Daniel Durn Officer | Apr 20, 2026 | 1,336 | $331.35K | Apr 20, 2026 | Stock Award |
| Daniel Durn Officer | Jan 27, 2026 | 1,646 | $485.32K | Jan 27, 2026 | Stock Award |
| Jillian Forusz Officer | Oct 31, 2025 | 149 | $50.34K | Oct 31, 2025 | Restricted Stock |
| Jillian Forusz Officer | May 2, 2025 | 462 | $175.83K | May 2, 2025 | RESTRICTED STOCK |
| Scott Belsky Officer | Apr 1, 2025 | 5,012 | $1.92M | Apr 1, 2025 | PERFORMANCE SHARES |
| Jillian Forusz Officer | Jan 28, 2025 | 334 | $145.57K | Jan 28, 2025 | PERFORMANCE SHARES |
| Scott Belsky Officer | Jan 27, 2025 | 3,819 | $1.64M | Jan 27, 2025 | Restricted Stock |
| Scott Belsky Officer | Jan 24, 2025 | 922 | $403.17K | Jan 24, 2025 | Restricted Stock |
| Amy Banse Director | Dec 6, 2024 | 606 | $326.16K | Dec 6, 2024 | Restricted Stock Units |
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