AI Squared Management Ltd Buys Stake in Lumentum Holdings

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AI Squared Management Ltd, a hedge fund, purchased a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the third quarter, according to a recent SEC filing. The firm bought 12,000 shares of the technology company's stock, valued at approximately $1.95 million. Lumentum now accounts for around 2% of AI Squared Management's portfolio, making it the 13th largest holding.

Why it matters

This investment highlights the growing institutional interest in Lumentum, a leading provider of photonic technologies for high-speed optical communication networks and industrial applications. As the company continues to innovate and expand its product offerings, it is attracting attention from major hedge funds and institutional investors.

The details

According to the filing, AI Squared Management Ltd purchased the 12,000 shares of Lumentum during the third quarter. This new position represents approximately 2% of the hedge fund's total portfolio. Lumentum, which is headquartered in San Jose, California, designs and manufactures a range of lasers, optical modules and subsystems for the telecommunications, cloud data center, and industrial sectors.

• AI Squared Management Ltd purchased the Lumentum shares during the third quarter of the year.