William Von Mueffling's Cantillon Capital Management fully exited its position in Adobe Inc. during the second quarter of 2026, selling all 1.02 million of its shares. The sale, valued at approximately $247.87 million, was disclosed in a quarterly 13F filing with the SEC, which reflects trades made between April 1 and June 30, 2026.
The divestment was part of a broader trend for the fund during the quarter, as it made no new investments and reduced its holdings across its entire book. This move came during a period where Adobe reported record Q2 revenue and raised its full-year guidance, citing strong demand for its AI-powered products. However, the company also announced the departure of its CFO and a strategic shift toward user acquisition that deferred planned price increases.