Exited position

Terry Smith’s Adobe (ADBE) position

Reported position history, portfolio importance and verified filing changes from public SEC disclosures.

Fundsmith LLPVerified through Q2 2026
Relationship snapshot

At a glance

The full verified relationship, including prior ownership episodes and exits where supported.

First reportedQ1 2022Earliest verified positive filing snapshot
Latest statusExited positionBased on the latest supported relationship state
Peak shares2.11MHighest verified quarter-end share count
Quarters reported4Verified quarters with shares above zero
What happened?

Fundsmith LLP first reported Adobe in Q1 2022. The reported position was increased and reduced across later filings. The latest verified relationship event shows that Fundsmith LLP sold the entire position in Q1 2023, and the stock is no longer reported in the latest verified portfolio.

Verified SEC history

Position over time

See the same verified relationship through reported shares, portfolio weight or reported value.

Metric

Gaps indicate periods that cannot be safely connected or where a verified corporate action changes the raw share scale. Stock price, when available, is market context and not a transaction price.

Key filing events

What changed

Latest filing plus the most meaningful reported changes. Unchanged quarters are collapsed by default.

Q1 2023
Sold the entire position−2.11M shares · No shares reported at quarter-end
Q4 2022
Sold 0.09% of the position−1.97K shares · 2.11M shares remained
Filing context

Quarter-end price $336.53 · Estimated holding basis $447.54

Q3 2022
Bought 0.1% more+2.45K shares · 2.11M shares reported after the change
Filing context

Quarter-end price $275.20 · Estimated holding basis $447.54

Q2 2022
Bought 9.7% more+185.65K shares · 2.11M shares reported after the change
Filing context

Quarter-end price $366.06 · Estimated holding basis $447.74

Q1 2022
New position+1.92M shares · 1.92M shares reported
Filing context

Quarter-end price $455.62 · Estimated holding basis $455.62

Portfolio importance

How important was Adobe in Fundsmith LLP’s reported portfolio?

Relative importance is measured only within the verified primary non-option reported portfolio for each quarter.

Last reported portfolio weight3.2%Q4 2022
Last reported rank#14of 38 reported positions
Peak portfolio weight3.4%Q2 2022
Best historical rank#14Q4 2022
At peak importanceQ2 2022
ADBE
3.4%
Largest holding
11.4%
Cross-investor discovery

Who else owns Adobe?

Also reported by 3 other tracked investors in their latest verified filings.

Ray DalioBridgewater Associates, LP
ADBE0.1% of reported portfolio
George SorosSoros Fund Management
ADBE0.1% of reported portfolio
Joel GreenblattGotham Asset Management
ADBE0.0% of reported portfolio
Explore Adobe across all tracked investors →
SEC evidence & methodology

SEC filing evidence

Market context and filing-derived values are kept separate from actual transaction prices, which 13F filings do not disclose.

Latest verified stock price$252.232026-09-11

Market context only; not an investor transaction price.

Latest verified investor filingQ2 2026 · filed 2026-08-14
Open SEC filing ↗

View Adobe stock page →

This tracker follows Fundsmith LLP’s reported positions. Form 13F reports quarter-end positions and is filed later; it does not disclose exact trade dates or execution prices.