KADENSA CAPITAL Ltd Takes Position in Lumentum Holdings Inc.

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KADENSA CAPITAL Ltd bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the third quarter, according to its most recent filing with the SEC. The fund bought 93,137 shares of the technology company's stock, valued at approximately $15,154,000. Lumentum accounts for 1.6% of KADENSA CAPITAL Ltd's investment portfolio, making the stock its 29th largest holding.

Why it matters

Lumentum is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company's core product portfolio includes laser transmitters, optical engines, and transceivers used in telecommunications, cloud data centers, and enterprise networking. KADENSA CAPITAL's new stake in Lumentum suggests the investment firm sees growth potential in the company's technologies.

The details

According to the filing, KADENSA CAPITAL Ltd owned about 0.13% of Lumentum at the end of the most recent reporting period. The investment firm's position in Lumentum was valued at approximately $15.2 million. Lumentum has seen increased institutional ownership, with other major investors like Vanguard Group, Hood River Capital Management, and Arrowstreet Capital also holding significant stakes in the company.

• KADENSA CAPITAL Ltd bought the new position in Lumentum during the third quarter.