# Adobe (ADBE): value investors who own it | moatshark

8 value investors held Adobe in their Q3 2026 13F, led by Troy Asset Management, Harris Associates (Oakmark), Dodge & Cox, Jensen Investment Management…

## 13F holders

| Manager | Portfolio | Value | Change | Quarters held |
| --- | --- | --- | --- | --- |
| Troy Asset Management | 2.7% | $97.1m | Trimmed -9.7% | 18 |
| Harris Associates (Oakmark) | 0.8% | $580m | Added +23% | 2 |
| Dodge & Cox | 0.3% | $639m | Added +25% | 53 |
| Jensen Investment Management | 0.2% | $6.9m | Trimmed -0.8% | 53 |
| Davis Selected Advisers | 0.1% | $13.9m | Added +50% | 2 |
| Lindsell Train | 0.1% | $1.4m | Unchanged | 25 |
| Polen Capital Management | 0.0% | $1.6m | Trimmed -36% | 46 |
| Cantillon Capital Management | 0.0% | $0k | Sold out | 16 |
| Mairs & Power | 0.0% | $404k | Trimmed -2.0% | 43 |

## Directors buying and selling (Form 4, last 12 months)

| Date | Who | Role | Bought or sold | Shares | Value |
| --- | --- | --- | --- | --- | --- |
| 2026-09-17 | NARAYEN SHANTANU | Chair and CEO | Sold | 17595 | $4.4m |
| 2026-09-17 | NARAYEN SHANTANU | Chair and CEO | Sold | 10313 | $2.6m |
| 2026-09-17 | NARAYEN SHANTANU | Chair and CEO | Sold | 9978 | $2.5m |
| 2026-09-17 | NARAYEN SHANTANU | Chair and CEO | Sold | 7168 | $1.8m |
| 2026-09-17 | NARAYEN SHANTANU | Chair and CEO | Sold | 3430 | $848k |
| 2026-09-17 | NARAYEN SHANTANU | Chair and CEO | Sold | 1378 | $339k |
| 2026-09-17 | NARAYEN SHANTANU | Chair and CEO | Sold | 638 | $161k |
| 2026-09-16 | NARAYEN SHANTANU | Chair and CEO | Sold | 33001 | $8.3m |
| 2026-09-16 | NARAYEN SHANTANU | Chair and CEO | Sold | 20716 | $5.2m |
| 2026-09-16 | NARAYEN SHANTANU | Chair and CEO | Sold | 11495 | $2.9m |
| 2026-09-16 | NARAYEN SHANTANU | Chair and CEO | Sold | 8358 | $2.1m |
| 2026-09-16 | NARAYEN SHANTANU | Chair and CEO | Sold | 930 | $236k |
| 2026-07-29 | Forusz Jillian | SVP & CAO | Sold | 416 | $110k |

Source: SEC filings, via moatshark (https://www.moatshark.com/s/adbe). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.