Adobe
ADBE
627 hedge funds and large institutions have $29.3B invested in Adobe in 2014 Q1 according to their latest regulatory filings, with 67 funds opening new positions, 208 increasing their positions, 259 reducing their positions, and 55 closing their positions.
22% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 55
10% more capital invested
Capital invested by funds: $26.5B → $29.3B (+$2.78B)
8% more funds holding in top 10
Funds holding in top 10: 25 → 27 (+2)
1% more funds holding
Funds holding: 623 → 627 (+4)
20% less repeat investments, than reductions
Existing positions increased: 208 | Existing positions reduced: 259
35% less call options, than puts
Call options by funds: $164M | Put options by funds: $251M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
+$423M |
| 2 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$300M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$275M |
| 4 |
PC
PointState Capital
New York
|
+$200M |
| 5 |
Coatue Management
New York
|
+$85.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$430M |
| 2 |
Dodge & Cox
San Francisco,
California
|
-$228M |
| 3 |
PHS
PFM Health Sciences
San Francisco,
California
|
-$111M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$72.9M |
| 5 |
SG Americas Securities
New York
|
-$66M |
ADBE Hedge Fund Activity: Q1 2014 in Review
627 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Adobe (ADBE) for Q1 2014, worth a combined $29.3B — up 10% from $26.5B a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new ADBE positions and 55 closed out — a net gain of 12 holders — while 208 added to existing stakes and 259 trimmed.
The largest buyer was Lone Pine Capital, opening a new position worth an estimated $423M. The largest seller was Bank of New York Mellon, cutting an estimated $430M.
- 627 institutional investors held Adobe (ADBE) as of Q1 2014, up from 623 in Q4 2013.
- Funds reported $29.3B of Adobe stock for Q1 2014, up 10% quarter-over-quarter.
- 67 funds opened new Adobe positions in Q1 2014 and 55 closed out, a net change of +12 holders.
- The largest Adobe buyer in Q1 2014 was Lone Pine Capital, an estimated $423M added.
- The largest Adobe seller in Q1 2014 was Bank of New York Mellon, an estimated $430M sold.
Based on aggregated 13F filings for Q1 2014.