Penn Capital Trims Lumentum Holdings Stake by 96.5%

Institutional investor reduces position in technology company during third quarter

Mar. 19, 2026 at 9:20am

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Penn Capital Management Company LLC decreased its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 96.5% during the 3rd quarter, according to the company's recent SEC filing. The fund now owns 8,468 shares of the technology company's stock, down from 232,523 shares previously.

Why it matters

Lumentum is a leading provider of photonic technologies for high-speed optical communication networks and industrial applications. Changes in institutional investor holdings can signal shifts in market sentiment and outlook for the company.

The details

According to the SEC filing, Penn Capital Management sold 232,523 shares of Lumentum during the 3rd quarter, reducing its position by 96.5%. The fund now owns 8,468 shares of the technology company's stock, worth approximately $1.4 million as of the most recent reporting period.

  • Penn Capital Management decreased its Lumentum holdings during the 3rd quarter of 2026.

The players

Penn Capital Management Company LLC

An institutional investment management firm that has reduced its stake in Lumentum Holdings.

Lumentum Holdings Inc.

A leading provider of photonic technologies for high-speed optical communication networks and industrial applications.

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The takeaway

This reduction in Penn Capital Management's Lumentum holdings could signal a shift in market sentiment around the technology company, though further analysis would be needed to determine the broader implications for Lumentum's outlook.