15 names are moving together; 60% are participating in the current session.
Observed member paths adjusted against SPY. Shading marks the latest observation window.
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| QTWO | Q2 Holdings, Inc. | Technology | +3.2% | Group member |
| ADSK | Autodesk, Inc. | Technology | -0.3% | Group member |
| WK | Workiva Inc. | Technology | +2.1% | Group member |
| ADBE | Adobe Inc. | Technology | +1.0% | 1/1 observed active sessions |
| PCOR | Procore Technologies, Inc. | Technology | +1.7% | Group member |
| GWRE | Guidewire Software, Inc. | Technology | -1.1% | 1/1 observed active sessions |
| PEGA | Pegasystems Inc. | Technology | +1.6% | Group member |
| WIX | Wix.com Ltd. | Technology | -2.9% | 1/1 observed active sessions |
| TTAN | ServiceTitan, Inc. | Technology | +4.1% | Group member |
| INTU | Intuit Inc. | Technology | +0.2% | 1/1 observed active sessions |
| APPN | Appian Corporation | Technology | — | Group member |
| NABL | N-able, Inc. | Technology | — | Group member |
| NCNO | nCino, Inc. | Technology | — | Group member |
| RAMP | LiveRamp Holdings, Inc. | Technology | — | 1/1 observed active sessions |
| SAP | SAP SE | Technology | — | Group member |
Cohort
15 namesParticipation
60% this sessionObserved history
3 daily buildsFiling coverage
13/15 membersproduct pipeline / R&D affecting expense
“Research and development expenses increased during the three months ended February 27, 2026 as compared to the three months ended February 28, 2025 primarily due to increases in compensation costs.”
ADBE 10-Q
restructuring affecting expense
“32 Table of Contents General and administrative expenses increased during the three and six months ended May 29, 2026 as compared to the three and six months ended May 30, 2025 due to the following: Components of % Change 2026-2025 QTD Components of % Change 2026-2025 YTD Impairment of goodwill 19 % 10 % Loss contingency 8 12 Compensation costs 9 7 Software licenses 6 5 Various individually insignificant items 3 2 Total change 45 % 36 % During the six months ended May 29, 2026, we recorded a goodwill impairment charge related to our Publishing & Advertising reporting unit.”
ADBE 10-Q
credit / rates affecting interest expense
“Interest expense increased during fiscal 2025 as compared to fiscal 2024 primarily due to the senior notes issued in January 2025.”
ADBE 10-K
This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.
NCNOsupplier · Not moving with the group now
Filing receipt · CRM / NCNO
“Cost of subscription revenues consists of fees paid to Salesforce for access to the Salesforce Platform, including Salesforce’s hosting infrastructure and data center op…”
NCNO · supplier
APPNpartner · Not moving with the group now
Filing receipt · ACN / APPN
“We also have several strategic partnerships, including with Accenture, Capgemini, Deloitte, Indra Group, KPMG, and PwC, which allow them to refer customers to us in orde…”
APPN · partner
QTWOpartner · Not moving with the group now
Filing receipt · MSFT / QTWO
“12 Table of Contents We operate our digital banking platform on third-party public cloud infrastructure, with Amazon Web Services, or AWS, and Microsoft Azure serving as…”
QTWO · partner
ADBEcompetitor · Not moving with the group now
Filing receipt · DBX / ADBE
“Certain features of our platform compete in the cloud storage market with products offered by Microsoft, Amazon, Apple, Google, and Adobe and in the content collaboratio…”
ADBE · competitor
ADBEcompetitor · Not moving with the group now
Filing receipt · KVYO / ADBE
“Our main competitors are: • Marketing solution providers, such as Mailchimp and Braze; • Large, consolidated marketing automation software providers, such as Adobe and S…”
ADBE · competitor