Which funds own LITE
Lumentum HLDGS Inc in the Q2 2026 filings. At least 21 of the 91 current managers on file reported a position, worth $11.8bn between them. At least a fifth of the current managers on file hold it, which is a crowd without being the whole market. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 21
- at least, of 91 current
- Combined value
- $11.8bn
- as reported
- Opened
- 1
- new this quarter
- Added to
- 10
- already held
- Trimmed or sold out
- 12
- 2 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Fidelity (FMR LLC) Long-only · $2304bn book | $3.0bn | 0.1% | 3,519,154 | -$2.0bn-3,665,886 | Trimmed |
| Invesco Ltd Long-only · $1264bn book | $2.7bn | 0.2% | 3,176,260 | +$1.9bn+1,999,867 | Added |
| Janus Henderson Group Ltd Long-only · $245bn book | $1.6bn | 0.7% | 1,889,608 | +$1.2bn+1,322,426 | Added |
| Arrowstreet Capital LP Quantitative · $225bn book | $1.2bn | 0.5% | 1,370,571 | +$892m+965,704 | Added |
| T. Rowe Price Associates Inc Long-only · $999bn book | $807m | 0.1% | 940,170 | -$114m-369,739 | Trimmed |
| D. E. Shaw & Co. Quantitative · $210bn book | $573m | 0.3% | 668,011 | +$563m+654,005 | Added |
| Marshall Wace LLP Quantitative · $127bn book | $290m | 0.2% | 338,491 | +$80m+38,822 | Added |
| Squarepoint Ops LLC Multi-strategy · $90.5bn book | $285m | 0.3% | 331,988 | +$141m+126,740 | Added |
| Neuberger Berman Group LLC Long-only · $150bn book | $241m | 0.2% | 280,339 | +$96m+73,334 | Added |
| Two Sigma Investments LP Quantitative · $138bn book | $206m | 0.1% | 240,226 | -$73m-156,551 | Trimmed |
| Woodline Partners LP Long/short equity · $32.4bn book | $189m | 0.6% | 220,615 | +$180m+206,650 | Added |
| Renaissance Technologies LLC Quantitative · $72.6bn book | $171m | 0.2% | 199,640 | +$29m-3,198 | Trimmed |
| Balyasny Asset Management LLC Multi-strategy · $80.2bn book | $132m | 0.2% | 154,180 | +$66m+59,625 | Added |
| Artisan Partners LP Long-only · $63.1bn book | $120m | 0.2% | 139,760 | opened139,760 | New |
| Rokos Capital Management LLP Macro · $26.8bn book | $61m | 0.2% | 71,577 | -$20m-44,016 | Trimmed |
| Holocene Advisors LP Long/short equity · $44.4bn book | $57m | 0.1% | 65,997 | -$12m-31,458 | Trimmed |
| Schonfeld Strategic Advisors LLC Multi-strategy · $27.9bn book | $44m | 0.2% | 50,882 | -$5.9m-19,578 | Trimmed |
| Walleye Capital LLC Multi-strategy · $28.0bn book | $38m | 0.1% | 44,026 | -$10m-24,339 | Trimmed |
| Freestone Grove Partners LP Multi-strategy · $15.6bn book | $35m | 0.2% | 40,426 | -$3.3m-13,650 | Trimmed |
| Steadfast Capital Management LP Long/short equity · $3.3bn book | $19m | 0.6% | 22,434 | +$14m+14,334 | Added |
| Maverick Capital Ltd Long/short equity · $11.3bn book | $900k | 0.0% | 1,032 | -$600k-1,140 | Trimmed |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Tiger Global Management LLC · Long/short equity$96m held before
- Light Street Capital Management LLC · Long/short equity$2.0m held before
Ownership through time
At least 33 of the 95 managers whose filings are on file listed LITE in Q2 2026, against 3 in Q3 2015. 1 manager fewer than in Q1 2026: 3 started positions; 3 listed it again; 2 sold out, by their own filings; 5 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q3 2015: 3
- Q4 2015: 4
- Q1 2016: 8
- Q2 2016: 5
- Q3 2016: 7
- Q4 2016: 7
- Q1 2017: 7
- Q2 2017: 7
- Q3 2017: 4
- Q4 2017: 6
- Q1 2018: 3
- Q2 2018: 7
- Q3 2018: 4
- Q4 2018: 6
- Q1 2019: 9
- Q2 2019: 8
- Q3 2019: 5
- Q4 2019: 11
- Q1 2020: 10
- Q2 2020: 15
- Q3 2020: 12
- Q4 2020: 13
- Q1 2021: 8
- Q2 2021: 10
- Q3 2021: 9
- Q4 2021: 9
- Q1 2022: 8
- Q2 2022: 7
- Q3 2022: 9
- Q4 2022: 10
- Q1 2023: 11
- Q2 2023: 13
- Q3 2023: 9
- Q4 2023: 9
- Q1 2024: 9
- Q2 2024: 13
- Q3 2024: 13
- Q4 2024: 21
- Q1 2025: 14
- Q2 2025: 16
- Q3 2025: 21
- Q4 2025: 27
- Q1 2026: 34
- Q2 2026: 33
- Q3 2015: $117m
- Q4 2015: $152m
- Q1 2016: $218m
- Q2 2016: $207m
- Q3 2016: $318m
- Q4 2016: $325m
- Q1 2017: $509m
- Q2 2017: $673m
- Q3 2017: $637m
- Q4 2017: $865m
- Q1 2018: $973m
- Q2 2018: $926m
- Q3 2018: $754m
- Q4 2018: $306m
- Q1 2019: $844m
- Q2 2019: $785m
- Q3 2019: $739m
- Q4 2019: $1.1bn
- Q1 2020: $1.1bn
- Q2 2020: $1.6bn
- Q3 2020: $1.4bn
- Q4 2020: $1.5bn
- Q1 2021: $1.3bn
- Q2 2021: $1.3bn
- Q3 2021: $1.4bn
- Q4 2021: $1.8bn
- Q1 2022: $1.5bn
- Q2 2022: $1.3bn
- Q3 2022: $1,000m
- Q4 2022: $603m
- Q1 2023: $611m
- Q2 2023: $1.0bn
- Q3 2023: $716m
- Q4 2023: $931m
- Q1 2024: $1.0bn
- Q2 2024: $1.2bn
- Q3 2024: $1.7bn
- Q4 2024: $2.2bn
- Q1 2025: $1.4bn
- Q2 2025: $2.1bn
- Q3 2025: $3.7bn
- Q4 2025: $8.4bn
- Q1 2026: $11.5bn
- Q2 2026: $13.3bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
Largest increases, by shares
- Invesco Ltd1,176,393 to 3,176,260 shares+$1.7bn
- Janus Henderson Group Ltd567,182 to 1,889,608 shares+$1.1bn
- Arrowstreet Capital LP404,867 to 1,370,571 shares+$829m
- Artisan Partners LPnew: 139,760 shares+$120m
- Squarepoint Ops LLC205,248 to 331,988 shares+$109m
Largest decreases, by shares
- Fidelity (FMR LLC)7,185,040 to 3,519,154 shares-$3.1bn
- Capital World Investors1,313,852 to 638,222 shares-$580m
- Jane Street Group LLC956,353 to 292,835 shares-$569m
- T. Rowe Price Associates Inc1,309,909 to 940,170 shares-$317m
- Capital Research Global Investors531,393 to 269,099 shares-$225m
Left it
- Tiger Global Management LLCwas $96m
- Light Street Capital Management LLCwas $2.0m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Fidelity (FMR LLC) | Q2 2023 | $5.0bn | $3.0bn | |
| Invesco Ltd | Q4 2023 | $2.7bn | $2.7bn | |
| Janus Henderson Group Ltd | Q2 2020 | $1.6bn | $1.6bn | |
| Arrowstreet Capital LP | Q3 2025 | $1.2bn | $1.2bn | |
| T. Rowe Price Associates Inc | Q4 2017 | $921m | $807m | |
| D. E. Shaw & Co. | Q2 2026 | $573m | $573m | |
| Capital World Investors | Q2 2018 | $1.3bn | $548m | |
| AQR Capital Management LLC | Q4 2018 | $344m | $344m | |
| Marshall Wace LLP | Q4 2015 | $290m | $290m | |
| Squarepoint Ops LLC | Q3 2015 | $285m | $285m | |
| Jane Street Group LLC | Q3 2025 | $672m | $251m | |
| Neuberger Berman Group LLC | Q4 2018 | $243m | $241m | |
| Capital Research Global Investors | Q3 2015 | $485m | $231m | |
| Two Sigma Investments LP | Q1 2016 | $279m | $206m | |
| Woodline Partners LP | Q4 2019 | $189m | $189m | |
| Wellington Management Group LLP | Q2 2017 | $1.0bn | last listed Q2 2023 | |
| AllianceBernstein LP | Q1 2017 | $552m | last listed Q4 2025 | |
| Point72 Asset Management LP | Q1 2016 | $253m | last listed Q1 2026 | |
| Susquehanna International Group LLP | Q1 2026 | $244m | last listed Q1 2026 | |
| Citadel Advisors LLC | Q4 2016 | $223m | last listed Q3 2025 | |
| Millennium Management LLC | Q2 2018 | $153m | last listed Q4 2025 | |
| Tiger Global Management LLC | Q1 2026 | $96m | last listed Q1 2026 | |
| Whale Rock Capital Management LLC | Q1 2017 | $92m | last listed Q2 2022 | |
| ValueAct Holdings LP | Q2 2021 | $84m | last listed Q3 2021 | |
| Two Sigma Advisers LP | Q1 2016 | $57m | last listed Q4 2025 |
Reported as options rather than shares
A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.
- Susquehanna International Group LLP · calls$3.4bn notional
- Susquehanna International Group LLP · puts$2.9bn notional
- Jane Street Group LLC · puts$2.7bn notional
- Jane Street Group LLC · calls$1.8bn notional
- Citadel Advisors LLC · puts$1.0bn notional
- Citadel Advisors LLC · calls$974m notional
- D. E. Shaw & Co. · puts$636m notional
- D. E. Shaw & Co. · calls$605m notional
- Squarepoint Ops LLC · puts$214m notional
- Tudor Investment Corp · puts$67m notional
What LITE is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around LITE →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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