Top 5 Tech Stock Picks of Adam Parker’s Center Lake Capital

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1. Adobe Inc. (NASDAQ:ADBE)

Center Lake Capital’s Stake Value: $76,133,000

Percentage of Center Lake Capital’s 13F Portfolio: 10.94%

Number of Hedge Fund Holders: 89

Adobe Inc. (NASDAQ:ADBE) is the top tech stock pick of Adam Parker’s Center Lake Capital. A multinational computer software company, Adobe Inc. (NASDAQ:ADBE) offers software applications for graphics, photography, illustration, animation, multimedia/video, motion pictures and print. With millions of users around the globe, the signature products by Adobe Inc. (NASDAQ:ADBE) include Adobe Photoshop, Adobe Illustrator, Adobe Creative Cloud, and Adobe Acrobat Reader. 

Parker’s Center Lake Capital owns 130,000 shares in Adobe Inc. (NASDAQ:ADBE), valued at $76.1 million, representing 10.94% of Parker’s 13F portfolio. 

At the end of Q2, 89 hedge funds were bullish on Adobe Inc. (NASDAQ:ADBE), down from 107 in the previous quarter. 

Here is what Richie Capital Group has to say about Adobe Inc. (NASDAQ:ADBE). in its Q2 2021 investor letter:

“Adobe Systems (ADBE – up 24.8%) – In the last 15 years, Adobe has transformed itself into a software behemoth, more than tripling its revenue since 2010. The company is famous for its namesake PDF-reader and photo-editing software Photoshop. However, ADBE sells a full suite of software products through a recurring subscription model. The company transitioned from selling boxed software to recurring subscriptions in 2013 and revenues have grown consistently since. The company achieved $13B in revenue in 2020 with 88% Gross Margins.”

You can also take a look at 10 Best Stocks to Buy According to Peter Lewis’ LFL Advisers and Top 10 Stock Picks of Terry Smith’s Fundsmith LLP

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