The divergence between aggressive quant buying (D.E. Shaw, Bridgewater) and massive passive fund selling (Fidelity, UBS) suggests a battle over LITE's near-term outlook. Monitor upcoming earnings for revenue/guidance clarity — the quant buying may reflect a catalyst thesis, while passive selling could signal index rebalancing or risk reduction.
Executive Summary
A large institutional cluster in Lumentum Holdings (LITE) shows significant divergence: 144 buyers accumulated $3.07B in new positions (led by JPMorgan, Morgan Stanley, and D.E. Shaw), while 60 sellers reduced holdings by $3.47B (led by Fidelity, UBS, and Capital World Investors). The net selling pressure (-$400M) and heavy trimming by mega-passive funds like Fidelity and UBS suggest a cautious or rotating institutional view, despite aggressive doubling by quant funds like D.E. Shaw and Bridgewater.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$400.0M
▲ Buyers (144)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| JPMorgan | ADD | +38% | $3.5B | $1.5B |
| Morgan Stanley | ADD | +27.5% | $1.1B | $401.9M |
| D.E. Shaw | DOUBLED | +4669.5% | $573.2M | $563.4M |
| Bank Of Montreal /Can | DOUBLED | +169.8% | $620.4M | $432.1M |
| American Century Companies | DOUBLED | +179.3% | $150.5M | $106.3M |
▼ Sellers (60)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Fidelity | TRIM | -51% | $5.0B | -$2.0B |
| UBS | NEAR_EXIT | -75.5% | $992.7M | -$695.8M |
| Capital World Investors | TRIM | -51.4% | $923.3M | -$375.7M |
| Capital Group | TRIM | -49.4% | $373.4M | -$142.5M |
| Tiger Global | EXIT | -100% | $96.1M | -$96.1M |
Key Facts
- 144 buyers accumulated $3.07B in new positions; 60 sellers reduced by $3.47B; net change -$400M.
- JPMorgan added 38% to a $3.46B position; Morgan Stanley added 27.5% to $1.12B.
- D.E. Shaw doubled its position by 4,669% to $573.2M; Bridgewater doubled by 220% to $16.0M.
- Fidelity trimmed 51% of its position, selling $2.03B; UBS near-exited, selling $695.8M.
- Tiger Global fully exited a $96.1M position; Point72 near-exited a $64.7M position.
- Capital Group and Capital World Investors trimmed by ~50% each, selling a combined $518.2M.
Financial Impact
Net institutional selling of approximately $400M in Q2 2026, with $3.07B in buying offset by $3.47B in selling.
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end.
- Heavy selling by mega-passive funds (Fidelity, UBS) may indicate structural de-rating or index weight reduction.
- Quant buying (D.E. Shaw, Bridgewater) is often short-term and may not reflect long-term conviction.
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-LITE-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $756.17 | awaiting T+5 | — | — |
Oct 12, 2026 15d ago | Institutional Cluster | $995.41 $834.51 | ▼ −16.16% | ▼ −14.67% | — |
Oct 6, 2026 20d ago | DEFA14A | $1,111.07 $896.33 | ▼ −19.33% | ▼ −18.35% | — |
Oct 6, 2026 20d ago | DEF 14A | $1,111.07 $896.33 | ▼ −19.33% | ▼ −18.35% | — |
Oct 2, 2026 25d ago | Insider Cluster | $1,091.67 $995.41 | ▲ +8.82% | ▲ +9.24% | — |
Sep 25, 2026 4w ago | 144 | $921.32 $1,091.67 | ▲ +18.49% | ▲ +17.29% | — |
Sep 16, 2026 5w ago | 144 | $893.61 $929.04 | ▲ +3.96% | ▲ +3.36% | — |
Sep 15, 2026 5w ago | 144 | $919.40 $937.00 | ▲ +1.91% | ▼ −0.65% | — |
Sep 4, 2026 7w ago | Insider Cluster | $978.54 $838.96 | ▼ −14.26% | ▼ −13.14% | — |
Sep 4, 2026 7w ago | 144 | $978.54 $838.96 | ▼ −14.26% | ▼ −13.14% | — |
US Market Status
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