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Jeff Ubben, ValueAct Unload More Shares of Adobe Systems

Jeffrey Ubben‘s hedge fund, ValueAct Capital, disclosed selling around 3.4 million shares  of in the last couple of weeks. According to the filing, ValueAct reduced its exposure to Adobe Systems Incorporated (NASDAQ:ADBE) to some 25.3 million shares, which represent 5.1% of the company.


Earlier in October, ValueAct Capital reported decreasing its position in Adobe to 28.8 million shares, from 31.3 million owned at the end of the second quarter.

Disclosure: none