SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 10.5% Stake in Lumentum Holdings Inc.

FMR LLC and its affiliates, along with Abigail P. Johnson, have filed an amended Schedule 13G, disclosing a combined beneficial ownership of 10.5% of Lumentum Holdings Inc.'s common stock as of December 31, 2024.

Summary

• FMR LLC, a Delaware-organized entity, and Abigail P. Johnson, a U.S. citizen, have jointly filed an Amendment No. 2 to Schedule 13G regarding their beneficial ownership in Lumentum Holdings Inc.
• As of December 31, 2024, FMR LLC and Abigail P. Johnson collectively beneficially own 7,226,916 shares of Lumentum Holdings Inc.'s common stock.
• This aggregate amount represents 10.5% of the total outstanding common stock of Lumentum Holdings Inc.
• FMR LLC holds sole voting power over 7,217,160.85 shares and sole dispositive power over 7,226,916.00 shares.
• Abigail P. Johnson holds sole dispositive power over 7,226,916.00 shares, with no sole or shared voting power directly attributed to her in this filing.
• The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Lumentum Holdings Inc.
• FMR LLC is classified as a Parent Holding Company (HC), and Abigail P. Johnson is classified as an Individual (IN) for reporting purposes.
• Several FMR LLC subsidiaries and affiliates, including FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater.
• Abigail P. Johnson is noted as a Director, Chairman, and Chief Executive Officer of FMR LLC, and a predominant owner of FMR LLC's Series B voting common shares, potentially forming a controlling group with respect to FMR LLC under the Investment Company Act of 1940.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's operational or financial performance. It is a neutral regulatory filing.

Positives

• The disclosure of a significant institutional holding by FMR LLC and Abigail P. Johnson indicates continued investor confidence in Lumentum Holdings Inc. from a major financial entity.

Negatives

• NA

Risks

• While the filing states the shares are held in the ordinary course of business, a large beneficial ownership stake by an institutional investor could, in the future, lead to potential influence on corporate decisions or a significant market impact if the holder decides to substantially alter their position.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding Lumentum Holdings Inc.'s future performance or strategic outlook.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11." (Certification by FMR LLC and Abigail P. Johnson)

Industry Context

This filing is a routine disclosure by a large institutional investor, FMR LLC (parent company of Fidelity Investments), and its principal, Abigail P. Johnson, indicating their passive ownership stake in Lumentum Holdings Inc. Such filings are common for investment firms that cross the 5% beneficial ownership threshold in publicly traded companies, providing transparency to the market about significant shareholder positions. It reflects a continued investment in the optical and photonic products industry, where Lumentum operates.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, which can influence market perception and liquidity. The certification of passive intent suggests no immediate activist pressure.
• Company Management: Awareness of a large, passive institutional holder, which typically implies a long-term investment perspective rather than immediate demands for strategic changes.

Key Dates

Keywords

Lumentum Holdings Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Passive Investment, Equity Stake