ADOBE INC

CUSIP: 00724f101 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (1)

Aurora Investment Counsel
Value ($000) $2,479 Shares 7,083

Increased Positions (7)

JOHN G ULLMAN & ASSOCIATES INC
Value ($000) $4,146 (+80.5%) Shares 11,845 (+82.0%)
BARR E S & CO
Value ($000) $21,373 (+9.8%) Shares 61,067 (+10.7%)
Legato Capital Management LLC
Value ($000) $2,844 (+59.5%) Shares 8,127 (+60.7%)
Ancora Advisors LLC
Value ($000) $6,288 (+34.5%) Shares 17,966 (+35.6%)
Ramsay, Stattman, Vela & Price, Inc.
Value ($000) $4,314 (+0.6%) Shares 12,325 (+1.4%)
DUMONT & BLAKE INVESTMENT ADVISORS LLC
Value ($000) $1 (-99.9%) Shares 1,910 (+2.7%)
Douglass Winthrop Advisors, LLC
Value ($000) $570 (+3.0%) Shares 1,630 (+3.8%)

Decreased Positions (13)

BOSTON RESEARCH & MANAGEMENT INC
Value ($000) $4 (-19.4%) Shares 10,289 (-18.8%)
M. Kraus & Co
Value ($000) $2,121 (-16.9%) Shares 6,061 (-16.2%)
EADS & HEALD WEALTH MANAGEMENT
Value ($000) $652 (+72267.5%) Shares 1,863 (-27.0%)
Long Road Investment Counsel, LLC
Value ($000) $571 (-30.6%) Shares 1,632 (-30.0%)
GLOBALT Investments LLC / GA
Value ($000) $384 (-78.1%) Shares 1,097 (-77.9%)
Calydon Capital
Value ($000) $220 (-45.0%) Shares 629 (-44.6%)
HANTZ FINANCIAL SERVICES, INC.
Value ($000) $16 (-12.7%) Shares 46,206 (-12.0%)
SlateStone Wealth, LLC
Value ($000) $3 (-15.0%) Shares 7,519 (-14.3%)
SVB WEALTH LLC
Value ($000) $2,197 (-10.5%) Shares 6,278 (-9.8%)
FORBES J M & CO LLP
Value ($000) $2,353 (-6.6%) Shares 6,724 (-5.8%)
Sandhill Capital Partners LLC
Value ($000) $267 (-22.3%) Shares 762 (-21.7%)
EVERETT HARRIS & CO /CA/
Value ($000) $205 (-19.4%) Shares 587 (-18.8%)
BBR PARTNERS, LLC
Value ($000) $212 (-3.0%) Shares 606 (-2.3%)

Exited Positions (4)

NORTH POINT PORTFOLIO MANAGERS CORP/OH
Value ($000) $6,367 Shares 18,051
NICHOLS & PRATT ADVISERS LLP /MA
Value ($000) $530 Shares 1,503
Sageworth Trust Co
Value ($000) $217 Shares 615
DF DENT & CO INC
Value ($000) $214 Shares 606