The cluster is dominated by active asset managers (Robeco, Wealth Enhancement, Artemis) with no passive/index fund participation, strengthening the signal. Monitor ADBE's next 10-Q for revenue and subscription growth to validate the thesis that drove these Q3 accumulations.
Executive Summary
Six institutional investors accumulated $223.9M in ADBE during Q3 2026, led by Robeco (+$108.1M) and Wealth Enhancement (+$83.4M), while two sellers reduced by $118.2M. The net $105.7M inflow signals conviction in Adobe's fundamentals ahead of its next earnings report, though the 45-day reporting lag means the cluster may have been partially unwound.
Key Financial Metrics
Institutional Positions
Net institutional flow: $105.7M
▲ Buyers (6)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Robeco Institutional Asset Management B.v. | ADD | +27.3% | $328.6M | $108.1M |
| Wealth Enhancement Advisory Services | DOUBLED | +350.3% | $98.9M | $83.4M |
| Artemis Investment Management | NEW | +0% | $13.2M | $13.2M |
| Atwood & Palmer | DOUBLED | +590266.7% | $12.7M | $12.7M |
| Concurrent Investment Advisors | DOUBLED | +540.2% | $6.1M | $5.3M |
| Hb Wealth Management | ADD | +35.6% | $3.1M | $1.1M |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | TRIM | -47.1% | $267.8M | -$101.9M |
| Vontobel Holding | TRIM | -44% | $47.2M | -$16.3M |
Key Facts
- 6 buyers added $223.9M in net new positions; 2 sellers trimmed $118.2M
- Robeco Institutional Asset Management added $108.1M (27.3% increase to $328.6M)
- Wealth Enhancement Advisory Services doubled its position (+$83.4M to $98.9M)
- Artemis Investment Management opened a new $13.2M position
- Assenagon Asset Management trimmed $101.9M (47.1% reduction to $166.0M)
- Net aggregate institutional inflow of $105.7M
Financial Impact
Net institutional inflow of $105.7M across 8 funds; buyers added $223.9M, sellers reduced $118.2M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- No insider insider buying corroboration — this is an institutions-only signal only
- Two large sellers trimmed $118.2M — Assenagon's 47% trim is a notable counterweight
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-ADBE-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $263.82 | awaiting T+5 | — | — |
Oct 13, 2026 14d ago | ANALYST-DOWNGRADE | $236.28 $256.73 | ▼ −8.65% | ▼ −9.81% | — |
Oct 12, 2026 14d ago | ANALYST-DOWNGRADE | $238.14 $247.09 | ▼ −3.76% | ▼ −5.67% | — |
Jul 22, 2026 13w ago | Institutional Cluster | $218.36 $263.43 | ▲ +20.64% | ▲ +23.04% | — |
Jul 21, 2026 14w ago | ANALYST-DOWNGRADE | $227.16 $237.75 | ▼ −4.66% | ▼ −5.89% | — |
Jul 20, 2026 14w ago | ANALYST-UPGRADE | — | awaiting T+5 | — | — |
Jul 2, 2026 16w ago | ANALYST-UPGRADE | $219.72 $222.65 | ▲ +1.33% | ▲ +0.40% | — |
Jun 26, 2026 17w ago | Insider Buy | $206.43 $218.07 | ▲ +5.64% | ▲ +4.25% | — |
Jun 12, 2026 19w ago | ANALYST-DOWNGRADE | $204.02 $195.16 | ▲ +4.34% | ▲ +5.02% | — |
Jun 12, 2026 19w ago | ANALYST-DOWNGRADE | $204.02 $195.16 | ▲ +4.34% | ▲ +5.02% | — |
US Market Status
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