LITE
LONGINSIDER SELLCONGRESS BUYLumentum Hldgs Inc
Research: Finviz ↗·Perplexity ↗
🗄 Viewing archived Q1 2026 data — frozen, no longer refreshed.
News Summary
PositiveLumentum delivered exceptional Q3 FY2026 results with record $808.4M revenue (+90% YoY) and significant margin expansion (non-GAAP operating margin 32.2%), coupled with a $2B NVIDIA partnership and S&P 500 inclusion. Q4 guidance projects continued strong growth to $960M-$1.01B revenue with 35-36% operating margins, though the company is sold out through end of 2027 and faces supply chain constraints that could limit upside.
Red flags
- •Supply constraints and tariff/export uncertainties creating near-term execution risk
- •Sold out through end of 2027 limits visibility beyond current backlog and creates concentration risk on delivery timelines
- •Executive departures (CAO Matthew Sepe retired Feb 2026, EVP Vincent Retort retiring Oct 2026) during hyper-growth phase may signal talent/retention challenges
- •Heavy dependence on AI/cloud/data center demand concentration—any slowdown in this sector would severely impact growth trajectory
Funds Buying (5)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Point72 | Steve Cohen | 23.7M | +23.7M | $167M | 0.4% | — | NEW |
| Soros Fund Management | Soros Family Office | 21.4M | +16.4M | $114M | 1.6% | +328% | Existing |
| Tiger Global | Chase Coleman | 137K | +137K | $96M | 0.4% | — | NEW |
| Duquesne Family Office | Stanley Druckenmiller | 7K | +7K | $5M | 0.2% | — | NEW |
| Maverick Capital | Lee Ainslie | 2K | +2K | $2M | <0.1% | — | NEW |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter. % of Fund is the position's share of the fund's reported equity portfolio — it drives the size weighting in the conviction score.
Portfolio Context
Where LITE ranks in each buying fund's book, and the positions immediately around it. What a holding sits next to often says more about the thesis than the position size does.
position #16 of this fund's book
- 13APPLE INC$127M
- 14TKO GROUP HOLDINGS INC$122M
- 15SEALED AIR CORP NEW$116M
- 16LUMENTUM HLDGS INC$114M
- 17SMURFIT WESTROCK PLC$100M
- 18DROPBOX INC$98M
- 19CHART INDS INC$97M
position #30 of this fund's book
- 27SERVICENOW INC$157M
- 28WEALTHFRONT CORP$140M
- 29PROCORE TECHNOLOGIES INC$133M
- 30LUMENTUM HLDGS INC$96M
- 31UNITEDHEALTH GROUP INC$95M
- 32EQUIPMENTSHARE COM INC$93M
- 33SHERWIN WILLIAMS CO$82M
Values are quarter-end position sizes. Shown only for funds where LITE ranks inside their 40 largest equity positions — below that, neighbouring names carry no signal. Adjacency is an inference about a fund's reasoning, not a disclosure of it.
Signal History
| Quarter | Direction | Funds | Score | vs SPY |
|---|---|---|---|---|
| Q2 2026 | SHORT | 3 | 1.70 | +0.3% |
| Q1 2026 | LONG | 5 | 4.78 | +12.1% |
Same issuer appearing in consecutive quarters — persistent institutional conviction. Returns are frozen at each archived quarter's last refresh.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| Harris Isaac Hosojiro | — | SELL | 1K | $1000.08 | $1.42M | 2026-06-02 | ↗ |
| Harris Isaac Hosojiro | — | SELL | 4K | $860.00 | $3.44M | 2026-05-29 | ↗ |
| Small Ian | — | SELL | 5K | $868.07 | $4.30M | 2026-05-21 | ↗ |
| Ali Wajid | EVP & CHIEF FINANCIAL OFFICER | SELL | 2K | $953.95 | $2.37M | 2026-05-18 | ↗ |
| Retort Vincent | SEE REMARKS | SELL | 3K | $953.95 | $3.04M | 2026-05-18 | ↗ |
| Wupen Yuen | PRESIDENT, GLOBAL BUS. UNITS | SELL | 3K | $953.95 | $3.06M | 2026-05-18 | ↗ |
| Kim Jae | SVP, GENERAL COUNSEL | SELL | 1K | $953.95 | $1.36M | 2026-05-18 | ↗ |
| Fletcher Pamela | — | SELL | 2K | $940.82 | $1.48M | 2026-05-15 | ↗ |
| Fletcher Pamela | — | SELL | 2K | $1003.38 | $1.58M | 2026-05-14 | ↗ |
| Kim Jae | SVP, GENERAL COUNSEL | SELL | 2K | $950.99 | $1.84M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 120 | $998.68 | $0.12M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 2K | $1000.16 | $1.85M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 2K | $1003.62 | $1.96M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 49 | $1004.34 | $0.05M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 1K | $950.99 | $1.40M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 80 | $953.54 | $0.08M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 1K | $955.01 | $0.96M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 120 | $957.84 | $0.11M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 40 | $962.88 | $0.04M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 239 | $964.30 | $0.23M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 122 | $965.63 | $0.12M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 101 | $967.23 | $0.10M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 170 | $968.80 | $0.16M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 40 | $970.00 | $0.04M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 200 | $971.85 | $0.19M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 68 | $972.77 | $0.07M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 80 | $974.23 | $0.08M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 200 | $975.48 | $0.20M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 120 | $978.10 | $0.12M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 1K | $979.49 | $1.14M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 208 | $980.25 | $0.20M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 176 | $982.73 | $0.17M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 2K | $985.29 | $1.55M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 40 | $986.28 | $0.04M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 120 | $989.04 | $0.12M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 80 | $990.00 | $0.08M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 67 | $991.59 | $0.07M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 40 | $993.48 | $0.04M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 322 | $995.06 | $0.32M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 120 | $996.40 | $0.12M | 2026-05-11 | ↗ |
| Lillie Brian | — | SELL | 80 | $997.00 | $0.08M | 2026-05-11 | ↗ |
| Small Ian | — | SELL | 892 | $911.52 | $0.81M | 2026-05-08 | ↗ |
| Small Ian | — | SELL | 571 | $912.26 | $0.52M | 2026-05-08 | ↗ |
| Small Ian | — | SELL | 2K | $910.72 | $1.86M | 2026-05-08 | ↗ |
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| FMR LLC | SC 13G/A | 9.6M | 13.5% | 2026-02-05 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.
Congressional Trading
| Member | Chamber | State | Type | Amount Range | Transaction Date | Filed | Src |
|---|---|---|---|---|---|---|---|
| Alan Armstrong | senate | — | BUY | $1,001 - $15,000 | 2026-03-27 | 2026-07-21 | ↗ |
Periodic Transaction Reports filed under the STOCK Act. Amounts are disclosed as ranges, not exact dollar figures.