Adobe
ADBE
622 hedge funds and large institutions have $26.3B invested in Adobe in 2013 Q4 according to their latest regulatory filings, with 97 funds opening new positions, 171 increasing their positions, 271 reducing their positions, and 36 closing their positions.
169% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 36
25% more funds holding in top 10
Funds holding in top 10: 20 → 25 (+5)
14% more capital invested
Capital invested by funds: $23.1B → $26.3B (+$3.22B)
10% more funds holding
Funds holding: 564 → 622 (+58)
35% less call options, than puts
Call options by funds: $164M | Put options by funds: $254M
37% less repeat investments, than reductions
Existing positions increased: 171 | Existing positions reduced: 271
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$488M |
| 2 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$370M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$225M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$156M |
| 5 |
MC
Maverick Capital
Dallas,
Texas
|
+$130M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dodge & Cox
San Francisco,
California
|
-$346M |
| 2 |
VH
ValueAct Holdings
San Francisco,
California
|
-$331M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$248M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$134M |
| 5 |
Capital World Investors
Los Angeles,
California
|
-$130M |
ADBE Hedge Fund Activity: Q4 2013 in Review
622 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Adobe (ADBE) for Q4 2013, worth a combined $26.3B — up 14% from $23.1B a quarter earlier.
Buyers outnumbered sellers: 97 funds opened new ADBE positions and 36 closed out — a net gain of 61 holders — while 171 added to existing stakes and 271 trimmed.
The largest buyer was Jennison Associates, adding an estimated $488M. The largest seller was Dodge & Cox, cutting an estimated $346M.
- 622 institutional investors held Adobe (ADBE) as of Q4 2013, up from 564 in Q3 2013.
- Funds reported $26.3B of Adobe stock for Q4 2013, up 14% quarter-over-quarter.
- 97 funds opened new Adobe positions in Q4 2013 and 36 closed out, a net change of +61 holders.
- The largest Adobe buyer in Q4 2013 was Jennison Associates, an estimated $488M added.
- The largest Adobe seller in Q4 2013 was Dodge & Cox, an estimated $346M sold.
Based on aggregated 13F filings for Q4 2013.