Heard Capital LLC: ADOBE INC (ADBE): Quarterly 13F Position History
As of Q1 2026, Heard Capital LLC reported 444,325 shares of ADOBE INC (ADBE), worth $108.0M and representing 5.6% of its 13F equity book. Quarter-over-quarter share count change: + 136,323 (+44.3%) . The position first appeared in Q4 2019 and has been disclosed across 26 13F-HR filings in Pactolio's tracked window.
- 444,325Shares Held (Latest Filing)
- $108.0MReported Market Value (Latest Filing)
- 5.6%Portfolio Weight (% of 13F Equity Book)
- +136,323Quarter-over-Quarter Share Change
- +$208.9KQuarter-over-Quarter Value Change
- 457,332Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 26 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 444,325 | +136,323 | +44.3% | $108.0M | 5.6% | $243.1 |
| Q4 2025 | 308,002 | +11,637 | +3.9% | $107.8M | 5.1% | $350.0 |
| Q3 2025 | 296,365 | 160,967 | -35.2% | $104.5M | 5.7% | $352.8 |
| Q2 2025 | 457,332 | +65,942 | +16.8% | $176.9M | 9.2% | $386.9 |
| Q1 2025 | 391,390 | +176 | +0.0% | $150.1M | 8.9% | $383.5 |
| Q4 2024 | 391,214 | +15,299 | +4.1% | $174.0M | 10.3% | $444.7 |
| Q3 2024 | 375,915 | +22,260 | +6.3% | $194.6M | 10.9% | $517.8 |
| Q2 2024 | 353,655 | +30,036 | +9.3% | $196.5M | 12.0% | $555.5 |
| Q1 2024 | 323,619 | +84,805 | +35.5% | $163.3M | 10.3% | $504.6 |
| Q4 2023 | 238,814 | 23,241 | -8.9% | $142.5M | 9.5% | $596.6 |
| Q3 2023 | 262,055 | 14,261 | -5.2% | $133.6M | 10.0% | $509.9 |
| Q2 2023 | 276,316 | 82,277 | -22.9% | $135.1M | 10.4% | $489.0 |
| Q1 2023 | 358,593 | +48,961 | +15.8% | $138.2M | 11.5% | $385.4 |
| Q4 2022 | 309,632 | +10,909 | +3.7% | $104.2M | 11.3% | $336.5 |
| Q3 2022 | 298,723 | +17,226 | +6.1% | $82.2M | 9.9% | $275.2 |
| Q2 2022 | 281,497 | 4,385 | -1.5% | $103.0M | 11.4% | $366.1 |
| Q1 2022 | 285,882 | +189,847 | +197.7% | $130.3M | 11.9% | $455.6 |
| Q4 2021 | 96,035 | +32,890 | +52.1% | $54.5M | 8.5% | $567.1 |
| Q3 2021 | 63,145 | 4,587 | -6.8% | $36.4M | 7.1% | $575.7 |
| Q2 2021 | 67,732 | +7,805 | +13.0% | $39.7M | 9.0% | $585.6 |
| Q1 2021 | 59,927 | +9,271 | +18.3% | $28.5M | 8.0% | $475.4 |
| Q4 2020 | 50,656 | +9,800 | +24.0% | $25.3M | 8.5% | $500.1 |
| Q3 2020 | 40,856 | 1,025 | -2.4% | $20.0M | 8.3% | $490.4 |
| Q2 2020 | 41,881 | 6,438 | -13.3% | $18.2M | 9.0% | $435.3 |
| Q1 2020 | 48,319 | +11,405 | +30.9% | $15.4M | 9.2% | $318.2 |
| Q4 2019 | 36,914 | — | — | $12.2M | 8.3% | $329.8 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Heard Capital LLC first disclose a ADBE position in 13F-HR filings?
Heard Capital LLC first reported ADOBE INC (ADBE) on its 13F-HR filing for the period ending 2019-12-31 (Q4 2019). The position has appeared on 26 reported quarters within Pactolio's tracked window.
What was Heard Capital LLC's most recent quarter-over-quarter share-count change in ADBE?
Between Q4 2025 and Q1 2026, Heard Capital LLC added 136,323 shares of ADBE (+44.3%), bringing the total reported position to 444,325 shares at a market value of $108.0M.
Does the implied price-per-share represent Heard Capital LLC's cost basis in ADBE?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.