Vault-13

LUMENTUM HLDGS INC LITE 1.5 12.15.29

NOTE 1.500%12/1 · US DOMESTIC · CUSIP 55024UAH2

38 institutional holders -5 vs Q3 2025
8,152,0608.2m shares reported held*
$3.0bnreported value*
4 new 10 added 20 reduced 11 sold out net bought ≈ $46.3m (+798.8k shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $363.33.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q2 24: 52Q3 24: 53Q4 24: 44Q1 25: 53Q2 25: 58Q3 25: 43Q4 25: 3838Q2 24Q4 24Q2 25Q4 25
Numbers
QuarterHolders
Q2 202452
Q3 202453
Q4 202444
Q1 202553
Q2 202558
Q3 202543
Q4 202538

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q3 24: 25 bought or addedQ3 24: 29 cut or sold outQ3 24Q4 24: 15 bought or addedQ4 24: 30 cut or sold outQ4 24Q1 25: 32 bought or addedQ1 25: 22 cut or sold outQ1 25Q2 25: 31 bought or addedQ2 25: 18 cut or sold outQ2 25Q3 25: 18 bought or addedQ3 25: 41 cut or sold outQ3 25Q4 25: 14 bought or addedQ4 25: 31 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q3 20242529
Q4 20241530
Q1 20253222
Q2 20253118
Q3 20251841
Q4 20251431

Biggest buyers

MILLENNIUM MANAGEMENT LLC Added +36,150,000+36.1m
CAPSTONE INVESTMENT ADVISORS, LLC Added +29,004,000+29.0m
Sculptor Capital LP Added +5,380,000+5.4m
WHITEBOX ADVISORS LLC Added +4,583,000+4.6m
PICTON MAHONEY ASSET MANAGEMENT New +4,000,000+4.0m
Linden Advisors LP Added +4,000,000+4.0m
CITIGROUP INC Added +2,386,000+2.4m
Lombard Odier Asset Management (Europe) Ltd New +1,955,000+2.0m
BlackRock, Inc. Added +1,725,000+1.7m
D. E. Shaw & Co., Inc. Added +189,000+189.0k

Biggest sellers

WELLINGTON MANAGEMENT GROUP LLP Reduced -10,973,000-11.0m
MacKay Shields LLC Sold out -9,060,000-9.1m
JPMORGAN CHASE & CO Reduced -8,743,000-8.7m
SUSQUEHANNA ADVISORS GROUP, INC. Reduced -6,645,000-6.6m
BANK OF MONTREAL /CAN/ Reduced -6,520,000-6.5m
CSS LLC/IL Reduced -6,000,000-6.0m
FOURSIXTHREE CAPITAL LP Sold out -4,500,000-4.5m
LAZARD ASSET MANAGEMENT LLC Reduced -4,277,000-4.3m
WOLVERINE ASSET MANAGEMENT LLC Sold out -4,250,000-4.2m
Invesco Ltd. Sold out -3,650,000-3.6m

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 3.05% of their portfolio New York, NY 93,336,00093.3m $496.0m $496.0m 3.05% Added +4.0m +4,000,000
2 D. E. Shaw & Co., Inc. 0.32% of their portfolio New York, NY 78,176,00078.2m $415.9m $415.9m 0.32% Added +189.0k +189,000
3 WHITEBOX ADVISORS LLC 6.29% of their portfolio MINNEAPOLIS, MN 71,025,00071.0m $377.3m $377.3m 6.29% Added +4.6m +4,583,000
4 Sculptor Capital LP 3.68% of their portfolio New York, NY 57,880,00057.9m $308.1m $308.1m 3.68% Added +5.4m +5,380,000
5 CAPSTONE INVESTMENT ADVISORS, LLC 2.41% of their portfolio NEW YORK, NY 55,778,00055.8m $296.4m $296.4m 2.41% Added +29.0m +29,004,000
6 MILLENNIUM MANAGEMENT LLC 0.21% of their portfolio NEW YORK, NY 55,650,00055.6m $296.1m $296.1m 0.21% Added +36.1m +36,150,000
7 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 29,292,00029.3m $156.1m $156.1m 0.06% Reduced -6.5m -6,520,000
8 TWO SIGMA INVESTMENTS, LP 0.14% of their portfolio NEW YORK, NY 18,065,00018.1m $96.0m $96.0m 0.14% Reduced -1.4m -1,435,000
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,870,00012.9m $68.5m $68.5m 0.00% Added +150.0k +150,000
10 Calamos Advisors LLC 0.27% of their portfolio NAPERVILLE, IL 12,249,00012.2m $65.2m $65.2m 0.27% Reduced -3.4m -3,382,000
11 BlackRock, Inc. 0.00% of their portfolio New York, NY 7,570,0007.6m $40.2m $40.2m 0.00% Added +1.7m +1,725,000
12 CSS LLC/IL 2.25% of their portfolio CHICAGO, IL 7,500,0007.5m $39.9m $39.9m 2.25% Reduced -6.0m -6,000,000
13 FMR LLC 0.00% of their portfolio BOSTON, MA 6,504,0006.5m $34.5m $34.5m 0.00% Reduced -289.0k -289,000
14 SUSQUEHANNA ADVISORS GROUP, INC. 0.01% of their portfolio BALA CYNWYD, PA 5,855,0005.9m $311.6k $311.6k 0.01% Reduced -6.6m -6,645,000
15 PICTON MAHONEY ASSET MANAGEMENT 0.23% of their portfolio Toronto, A6 4,000,0004.0m $21.3m $21.3m 0.23% New
16 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 4,000,0004.0m $21.3m $21.3m 0.02% Reduced -3.0m -3,000,000
17 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 2,876,0002.9m $15.3m $15.3m 0.01% Added +2.4m +2,386,000
18 Paloma Partners Management Co 3.66% of their portfolio GREENWICH, CT 2,000,0002.0m $10.6m $10.6m 3.66% Reduced -3.0m -3,000,000
19 Lombard Odier Asset Management (Europe) Ltd 0.53% of their portfolio LONDON, X0 1,955,0002.0m $10.4m $10.4m 0.53% New
20 Union Bancaire Privee, UBP SA 0.11% of their portfolio GENEVA 1, V8 1,938,0001.9m $8.9m $8.9m 0.11% Added +41.0k +41,000
21 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,684,0001.7m $9.0m $9.0m 0.00% Reduced -11.0m -10,973,000
22 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,152,0001.2m $6.1m $6.1m 0.00% Reduced -3.6m -3,585,000
23 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,141,0001.1m $6.1m $6.1m 0.00% Reduced -1.9m -1,850,000
24 ADVENT CAPITAL MANAGEMENT /DE/ 0.12% of their portfolio NEW YORK, NY 1,001,0001.0m $5.3m $5.3m 0.12% Reduced -476.0k -476,000
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 883,000883.0k $4.7m $4.7m 0.00% Reduced -8.7m -8,743,000
26 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 781,000781.0k $4.2m $4.2m 0.00% Reduced -1.6m -1,613,000
27 SSI INVESTMENT MANAGEMENT LLC 0.17% of their portfolio Los Angeles, CA 478,000478.0k $2.5m $2.5m 0.17% Reduced -2.7m -2,713,000
28 SG Americas Securities, LLC 0.19% of their portfolio NEW YORK, NY 265,680265.7k $142.2m $142.2m 0.19% Unchanged
29 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 150,000150.0k $798.3k $798.3k 0.00% Reduced -50.0k -50,000
30 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 126,000126.0k $669.3k $669.3k 0.00% New
31 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 102,000102.0k $5.4k $5.4k 0.00% Reduced -4.3m -4,277,000
32 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 100,000100.0k $535.9k $535.9k 0.00% Reduced -1.6m -1,600,000
33 Ares Systematic Credit Ltd 0.43% of their portfolio LONDON, X0 100,000100.0k $531.5k $531.5k 0.43% First filing
34 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 50,00050.0k $266.1k $266.1k 0.00% Reduced -150.0k -150,000
35 VIRTUS ADVISERS, LLC 0.10% of their portfolio HARTFORD, CT 38,00038.0k $201.9k $201.9k 0.10% New
36 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 36,00036.0k $191.6k $191.6k 0.01% Reduced -46.0k -46,000
37 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 2,0002.0k $10.6k $10.6k 0.00% Unchanged
38 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 6060 $319.4k $319.4k 0.01% Not comparable