LUMEN TECHNOLOGIES INC LUMN
COM · Common Stock · CUSIP 550241103 · ISIN US5502411037
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($10.5m this quarter). Holder counts are more reliable. Shares outstanding: 1.0bn as of 2026-07-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $7.69. Options: 23 managers hold calls ($125.3m notional), 19 hold puts ($119.8m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 773 |
| Q4 2022 | 751 |
| Q1 2023 | 637 |
| Q2 2023 | 557 |
| Q3 2023 | 503 |
| Q4 2023 | 493 |
| Q1 2024 | 483 |
| Q2 2024 | 454 |
| Q3 2024 | 506 |
| Q4 2024 | 555 |
| Q1 2025 | 536 |
| Q2 2025 | 551 |
| Q3 2025 | 543 |
| Q4 2025 | 595 |
| Q1 2026 | 597 |
| Q2 2026 | 621 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 248 | 187 |
| Q4 2024 | 239 | 222 |
| Q1 2025 | 217 | 255 |
| Q2 2025 | 228 | 229 |
| Q3 2025 | 222 | 241 |
| Q4 2025 | 297 | 199 |
| Q1 2026 | 265 | 244 |
| Q2 2026 | 277 | 235 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $97.2m | $153.6m | 1.58 |
| Q4 2025 | $119.8m | $152.2m | 1.27 |
| Q1 2026 | $98.1m | $91.2m | 0.93 |
| Q2 2026 | $125.3m | $119.8m | 0.96 |
Biggest buyers
| FMR LLC | Added | +13.9m |
| Front Street Capital Management, Inc. | New | +12.2m |
| Bank of New York Mellon Corp | Added | +4.9m |
| BlackRock, Inc. | Added | +4.8m |
| VICTORY CAPITAL MANAGEMENT INC | Added | +4.6m |
| BNP PARIBAS FINANCIAL MARKETS | Added | +2.8m |
| D. E. Shaw & Co., Inc. | Added | +2.5m |
| STATE STREET CORP | Added | +2.0m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +2.0m |
| MARSHALL WACE, LLP | Added | +1.8m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -13.8m |
| BARCLAYS PLC | Reduced | -11.3m |
| GOLDMAN SACHS GROUP INC | Reduced | -5.6m |
| JANE STREET GROUP, LLC | Sold out | -5.2m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -3.5m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -3.2m |
| FIRST TRUST ADVISORS LP | Reduced | -2.6m |
| TUDOR INVESTMENT CORP ET AL | Reduced | -2.2m |
| Balyasny Asset Management L.P. | Sold out | -1.7m |
| BRIGADE CAPITAL MANAGEMENT, LP | Reduced | -1.3m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $30.4m4.0m shares |
| JANE STREET GROUP, LLC | Added | $24.9m3.2m shares |
| LM Asset Management Inc. | Reduced | $16.8m2.2m shares |
| IMC-Chicago, LLC | Added | $12.7m1.7m shares |
| SIMPLEX TRADING, LLC | Added | $7.1m927.6k shares |
| GROUP ONE TRADING LLC | Added | $7.0m916.1k shares |
| CITADEL ADVISORS LLC | Reduced | $6.7m877.8k shares |
| Point72 Asset Management, L.P. | Added | $6.6m856.7k shares |
| PEAK6 LLC | New | $4.6m604.1k shares |
| Walleye Trading LLC | Added | $3.9m510.2k shares |
Biggest puts
| WHITEBOX ADVISORS LLC | Unchanged | $26.9m3.5m shares |
| CITADEL ADVISORS LLC | Added | $16.0m2.1m shares |
| GROUP ONE TRADING LLC | Added | $13.1m1.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.0m1.7m shares |
| SIMPLEX TRADING, LLC | Added | $12.9m1.7m shares |
| JANE STREET GROUP, LLC | Added | $12.5m1.6m shares |
| UBS Group AG | Added | $8.9m1.2m shares |
| IMC-Chicago, LLC | Added | $5.1m662.8k shares |
| Walleye Trading LLC | Added | $4.7m609.7k shares |
| HRT FINANCIAL LP | Added | $1.5m190.4k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-28 | 13.6% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 2 | $859.1k | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 1 | $499.6k | 1 | $355.1k | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 1 | $613.0k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-06 | Johnson Kathleen E Chief Executive Officer, director · By Revocable Trust | Bought | $613.0k100.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 142.3m $1.1bn | Added +4.8m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 61.5m $472.1m | Reduced -648.4k |
| STATE STREET CORP 0.01% of their portfolio | 48.0m $368.7m | Added +2.0m |
| FMR LLC 0.02% of their portfolio | 45.3m $348.1m | Added +13.9m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 42.0m $322.9m | Added +406.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 24.8m $191.1m | Added +2.0m |
| D. E. Shaw & Co., Inc. 0.08% of their portfolio | 17.5m $134.4m | Added +2.5m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 17.0m $130.4m | Reduced -5.6m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 16.0m $122.6m | Reduced -1.2m |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 14.6m $112.2m | Reduced -384.9k |
| Front Street Capital Management, Inc. 10.61% of their portfolio | 12.2m $93.5m | New |
| MORGAN STANLEY 0.00% of their portfolio | 12.0m $92.3m | Added +131.8k |
| NORGES BANK 0.01% of their portfolio | 11.3m $87.0m | Not comparable |
| NORTHERN TRUST CORP 0.01% of their portfolio | 11.2m $85.6m | Added +548.6k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 10.5m $80.6m | Added +4.9m |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 10.1m $77.9m | Reduced -2.6m |
| Allianz Asset Management GmbH 0.08% of their portfolio | 10.1m $77.4m | Added +1.6m |
| Invesco Ltd. 0.01% of their portfolio | 9.8m $75.4m | Added +663.1k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 9.7m $74.2m | Added +919.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.10% of their portfolio | 9.2m $70.4m | Reduced -549.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 8.6m $69.0m | Reduced -13.8m |
| CapWealth Advisors, LLC 3.75% of their portfolio | 7.1m $54.7m | Added +111.3k |
| Nuveen, LLC 0.01% of their portfolio | 6.9m $52.8m | Added +1.5m |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 6.3m $48.2m | Reduced -233.2k |
| Curi Capital, LLC 0.70% of their portfolio | 5.9m $45.1m | Added +22 |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 5.5m $42.3m | Reduced -342.1k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.37% of their portfolio | 5.5m $42.0m | Added +173.7k |
| GENDELL JEFFREY L 0.35% of their portfolio | 5.0m $38.3m | Added +225.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 4.8m $36.7m | Reduced -3.2m |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 4.8m $36.6m | Added +4.6m |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 4.6m $35.2m | Reduced -30.1k |
| Public Sector Pension Investment Board 0.09% of their portfolio | 4.5m $34.4m | Added +751.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 4.3m $32.7m | Added +2.8m |
| LM Asset Management Inc. 22.34% of their portfolio | 4.2m $32.3m | Reduced -755.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 3.6m $27.3m | Added +541.0k |
| UBS Group AG 0.00% of their portfolio | 3.2m $24.9m | Reduced -1.1m |
| Connor, Clark & Lunn Investment Management Ltd. 0.05% of their portfolio | 3.2m $24.8m | Reduced -998.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 3.2m $24.3m | Reduced -152.6k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.03% of their portfolio | 3.1m $23.5m | Added +838.6k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 2.9m $22.2m | Added +1.8m |
| Penn Capital Management Company, LLC 1.24% of their portfolio | 2.5m $19.6m | Reduced -160.7k |
| Voleon Capital Management LP 0.35% of their portfolio | 2.5m $19.4m | Added +922.5k |
| Legal & General Group Plc 0.00% of their portfolio | 2.4m $18.5m | Reduced -97.1k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 2.4m $18.5m | Reduced -203.7k |
| VAN DEN BERG MANAGEMENT I, INC 3.87% of their portfolio | 2.4m $18.3m | Reduced -44.7k |
| FEDERATED HERMES, INC. 0.03% of their portfolio | 2.3m $17.8m | Reduced -557.7k |
| Swiss National Bank 0.01% of their portfolio | 1.9m $14.7m | Reduced -16.8k |
| BESSEMER GROUP INC 0.02% of their portfolio | 1.9m $14.5m | Added +1.3m |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 1.9m $14.5m | Reduced -28.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.8m $14.2m | Reduced -153.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 1.8m $14.0m | Added +146.0k |
| CITIGROUP INC 0.01% of their portfolio | 1.8m $13.5m | Reduced -1.2m |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 1.7m $13.1m | Reduced -819.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 1.7m $12.8m | Added +1.2m |
| California Public Employees Retirement System 0.01% of their portfolio | 1.6m $12.0m | Added +7.0k |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 1.5m $11.6m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.4m $11.1m | Added +676.8k |
| WESTERLY CAPITAL MANAGEMENT, LLC 2.64% of their portfolio | 1.4m $10.8m | Reduced -800.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 1.3m $10.3m | Added +192.8k |
| Sequoia Financial Advisors, LLC 0.05% of their portfolio | 1.3m $10.2m | Reduced -12.3k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 1.3m $10.0m | Added +433.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 1.2m $8.7m | Added +58.7k |
| LPL Financial LLC 0.00% of their portfolio | 1.2m $9.5m | Reduced -140.2k |
| Jupiter Topco LLC 0.00% of their portfolio | 1.2m $9.4m | First filing |
| ALGERT GLOBAL LLC 0.11% of their portfolio | 1.2m $9.1m | Added +447.1k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.1m $8.6m | Reduced -3.5m |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 1.1m $8.5m | Reduced -27.3k |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 1.1m $8.4m | Added +32.8k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 1.1m $8.3m | Reduced -71.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 1.1m $8.3m | Reduced -95.0k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 1.0m $7.8m | Added +585.6k |
| CONGRESS ASSET MANAGEMENT CO 0.05% of their portfolio | 982.0k $7.5m | Added +557.4k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 913.7k $7.0m | Added +47.5k |
| INTECH INVESTMENT MANAGEMENT LLC 0.06% of their portfolio | 894.1k $6.9m | Reduced -238.4k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 882.2k $6.8m | New |
| Summit Financial, LLC 0.07% of their portfolio | 856.1k $6.6m | Added +6.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 815.7k $6.3m | Reduced -512.4k |
| Man Group plc 0.01% of their portfolio | 791.0k $6.1m | Added +676.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 768.0k $5.9m | Reduced -36.4k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 755.8k $5.8m | Added +124.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 655.9k $5.0m | Reduced -87.1k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 646.8k $5.0m | Added +29.6k |
| Edgestream Partners, L.P. 0.14% of their portfolio | 624.2k $4.8m | Added +245.6k |
| LEE DANNER & BASS INC 0.27% of their portfolio | 601.7k $4.6m | Reduced -555 |
| Arkadios Wealth Advisors 0.07% of their portfolio | 570.4k $4.4m | Reduced -48.8k |
| MetLife Investment Management, LLC 0.02% of their portfolio | 565.5k $4.3m | Added +50.3k |
| BRIGADE CAPITAL MANAGEMENT, LP 2.76% of their portfolio | 550.0k $4.2m | Reduced -1.3m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 518.2k $4.0m | Added +50.7k |
| Creative Planning 0.00% of their portfolio | 514.2k $3.9m | Added +92.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 506.7k $3.9m | Added +73.8k |
| Hillsdale Investment Management Inc. 0.09% of their portfolio | 505.9k $3.9m | New |
| LONESTAR CAPITAL MANAGEMENT LLC 2.47% of their portfolio | 500.0k $3.8m | Added +75.0k |
| PLUSTICK MANAGEMENT LLC 1.63% of their portfolio | 500.0k $3.8m | Added +100.0k |
| WINTON GROUP Ltd 0.12% of their portfolio | 484.4k $3.7m | New |
| GROUP ONE TRADING LLC 0.11% of their portfolio | 474.6k $3.6m | Reduced -77.7k |
| Soviero Asset Management, LP 1.68% of their portfolio | 450.0k $3.5m | Reduced -50.0k |
| Pathstone Holdings, LLC 0.01% of their portfolio | 449.5k $3.5m | Reduced -15.2k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 448.1k $3.4m | Added +897 |
| Hilton Capital Management, LLC 0.23% of their portfolio | 441.8k $3.4m | Added +22.7k |
| JT Stratford LLC 0.36% of their portfolio | 427.8k $3.3m | Added +14.9k |