Loading investment pitches...
Equity Research Database
Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Adobe returned -2.5% in USD over Q2 and was sold during the quarter. We initially bought...
— Dr Ian Mortimer, CFA
Full equity research memos, financial breakdowns, and hedge fund thesis write-ups are reserved for BSD Research ($50/mo) and Pro subscribers.
Already a Research or Pro subscriber? Sign In
Other investors who've written on Adobe Inc.
Adobe provides creative, marketing, and document management software applications, anchored by creative suites such as Photoshop and Acrobat. The investment manager...
LVS exited Adobe due to significant capital allocation concerns surrounding its highly dilutive, expensive acquisition of Figma. The stock's AI-driven...
Adobe was purchased because its double-digit growth and 90% gross margins represent premium software fundamentals. The stock's 33%...
More institutional theses from Guinness Global Innovators
The Fund's three semiconductor equipment holdings were the bottom performers over the quarter: KLA (-35.3% USD), Applied Materials (-29.2%), and Lam Research (-24.1%). This followed exceptionally...
Salesforce, the enterprise software giant, ended the quarter as the Fund's top performer. This follows a...
Microsoft was the Fund’s second best-performing stock over the third quarter, with the majority of the outperformance coming in July following an exceptionally strong earnings release. Microsoft has one...