Vault-13

LUMENTUM HLDGS INC LITE 1.5 12.15.29

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

34 institutional holders -4 vs Q4 2025
7,100,3707.1m shares reported held*
$4.9bnreported value*
6 new 11 added 12 reduced 9 sold out net sold ≈ $524.6m (-1.1m 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 ≈ $688.53.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q2 24: 52Q3 24: 53Q4 24: 44Q1 25: 53Q2 25: 58Q3 25: 43Q4 25: 38Q1 26: 3434Q2 24Q4 24Q2 25Q4 25Q1 26
Numbers
QuarterHolders
Q2 202452
Q3 202453
Q4 202444
Q1 202553
Q2 202558
Q3 202543
Q4 202538
Q1 202634

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 outQ1 25: 32 bought or addedQ1 25: 22 cut or sold outQ1 25Q2 25: 31 bought or addedQ2 25: 18 cut or sold outQ3 25: 18 bought or addedQ3 25: 41 cut or sold outQ3 25Q4 25: 14 bought or addedQ4 25: 31 cut or sold outQ1 26: 17 bought or addedQ1 26: 21 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q3 20242529
Q4 20241530
Q1 20253222
Q2 20253118
Q3 20251841
Q4 20251431
Q1 20261721

Biggest buyers

CAPSTONE INVESTMENT ADVISORS, LLC Added +18,569,000+18.6m
BNP PARIBAS FINANCIAL MARKETS Added +2,894,000+2.9m
SUSQUEHANNA ADVISORS GROUP, INC. Added +2,305,000+2.3m
BlackRock, Inc. Added +2,275,000+2.3m
JANE STREET GROUP, LLC New +1,775,000+1.8m
D. E. Shaw & Co., Inc. Added +1,700,000+1.7m
PICTON MAHONEY ASSET MANAGEMENT Added +1,000,000+1.0m
Elequin Capital, LP New +779,000+779.0k
GOLDMAN SACHS GROUP INC Added +527,000+527.0k
SSI INVESTMENT MANAGEMENT LLC New +473,000+473.0k

Biggest sellers

MILLENNIUM MANAGEMENT LLC Sold out -55,650,000-55.6m
CSS LLC/IL Sold out -7,500,000-7.5m
TWO SIGMA INVESTMENTS, LP Reduced -4,850,000-4.8m
CITIGROUP INC Reduced -2,809,000-2.8m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Reduced -2,450,000-2.5m
Paloma Partners Management Co Sold out -2,000,000-2.0m
Lombard Odier Asset Management (Europe) Ltd Sold out -1,955,000-2.0m
WELLINGTON MANAGEMENT GROUP LLP Sold out -1,684,000-1.7m
WELLS FARGO & COMPANY/MN Sold out -1,141,000-1.1m
Calamos Advisors LLC Reduced -862,000-862.0k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 5.29% of their portfolio New York, NY 93,648,00093.6m $944.3m $944.3m 5.29% Added +312.0k +312,000
2 D. E. Shaw & Co., Inc. 0.63% of their portfolio New York, NY 79,876,00079.9m $805.4m $805.4m 0.63% Added +1.7m +1,700,000
3 CAPSTONE INVESTMENT ADVISORS, LLC 6.21% of their portfolio NEW YORK, NY 74,347,00074.3m $752.7m $752.7m 6.21% Added +18.6m +18,569,000
4 WHITEBOX ADVISORS LLC 10.14% of their portfolio MINNEAPOLIS, MN 71,025,00071.0m $716.1m $716.1m 10.14% Unchanged
5 Sculptor Capital LP 6.58% of their portfolio New York, NY 57,900,00057.9m $583.9m $583.9m 6.58% Added +20.0k +20,000
6 BANK OF MONTREAL /CAN/ 0.12% of their portfolio TORONTO, A6 29,292,00029.3m $295.8m $295.8m 0.12% Unchanged
7 TWO SIGMA INVESTMENTS, LP 0.11% of their portfolio NEW YORK, NY 13,215,00013.2m $133.7m $133.7m 0.11% Reduced -4.8m -4,850,000
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,145,00012.1m $122.6m $122.6m 0.00% Reduced -725.0k -725,000
9 Calamos Advisors LLC 0.44% of their portfolio NAPERVILLE, IL 11,387,00011.4m $114.8m $114.8m 0.44% Reduced -862.0k -862,000
10 BlackRock, Inc. 0.00% of their portfolio New York, NY 9,845,0009.8m $99.6m $99.6m 0.00% Added +2.3m +2,275,000
11 SUSQUEHANNA ADVISORS GROUP, INC. 3.84% of their portfolio BALA CYNWYD, PA 8,160,0008.2m $82.3m $82.3m 3.84% Added +2.3m +2,305,000
12 FMR LLC 0.00% of their portfolio BOSTON, MA 6,264,0006.3m $63.4m $63.4m 0.00% Reduced -240.0k -240,000
13 PICTON MAHONEY ASSET MANAGEMENT 0.53% of their portfolio Toronto, A6 5,000,0005.0m $50.4m $50.4m 0.53% Added +1.0m +1,000,000
14 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 4,046,0004.0m $40.9m $40.9m 0.03% Added +2.9m +2,894,000
15 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 1,775,0001.8m $18.4m $18.4m 0.02% New
16 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 1,550,0001.6m $15.7m $15.7m 0.02% Reduced -2.5m -2,450,000
17 Union Bancaire Privee, UBP SA 0.15% of their portfolio GENEVA 1, V8 1,223,0001.2m $10.7m $10.7m 0.15% Reduced -715.0k -715,000
18 ADVENT CAPITAL MANAGEMENT /DE/ 0.33% of their portfolio NEW YORK, NY 1,099,0001.1m $11.1m $11.1m 0.33% Added +98.0k +98,000
19 Elequin Capital, LP 0.72% of their portfolio NEW YORK, NY 779,000779.0k $7.9m $7.9m 0.72% New
20 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 653,000653.0k $6.6m $6.6m 0.00% Added +527.0k +527,000
21 SSI INVESTMENT MANAGEMENT LLC 0.33% of their portfolio Los Angeles, CA 473,000473.0k $4.8m $4.8m 0.33% New
22 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 358,000358.0k $36.2k $36.2k 0.00% Added +256.0k +256,000
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 137,000137.0k $1.3m $1.3m 0.00% Reduced -746.0k -746,000
24 Virtus Fixed Income Advisers, LLC 0.98% of their portfolio HARTFORD, CT 119,000119.0k $1.2m $1.2m 0.98% New
25 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 100,000100.0k $1.0m $1.0m 0.00% Unchanged
26 Ares Systematic Credit Ltd 0.75% of their portfolio LONDON, X0 100,000100.0k $943.6k $943.6k 0.75% Unchanged
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 76,00076.0k $768.7k $768.7k 0.00% New
28 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 75,00075.0k $695.5k $695.5k 0.00% Reduced -75.0k -75,000
29 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 67,00067.0k $677.6k $677.6k 0.00% Reduced -2.8m -2,809,000
30 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 30,00030.0k $302.5k $302.5k 0.00% Reduced -20.0k -20,000
31 VIRTUS ADVISERS, LLC 0.13% of their portfolio HARTFORD, CT 27,00027.0k $273.1k $273.1k 0.13% Reduced -11.0k -11,000
32 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 17,00017.0k $171.4k $171.4k 0.01% Reduced -19.0k -19,000
33 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 2,0002.0k $20.2k $20.2k 0.00% Unchanged
34 Elequin Capital, LP 0.02% of their portfolio NEW YORK, NY 370370 $260.0k $260.0k 0.02% New