SCHEDULE: FMR LLC Boosts Lumentum Holdings Stake to 10.4%

FMR LLC and its affiliates, including Abigail P. Johnson, reported a beneficial ownership of 10.4% in Lumentum Holdings Inc. common stock as of October 31, 2025.

Summary

• FMR LLC, a parent holding company, and Abigail P. Johnson, its Chairman and CEO, reported beneficial ownership of 7,423,607.58 shares of Lumentum Holdings Inc. common stock.
• This represents 10.4% of Lumentum Holdings Inc.'s total outstanding common stock.
• FMR LLC holds sole voting power over 7,312,711.40 shares and sole dispositive power over 7,423,607.58 shares.
• Abigail P. Johnson holds sole dispositive power over 7,423,607.58 shares, reflecting her indirect beneficial ownership through FMR LLC.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Lumentum Holdings Inc.
• Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, are identified as entities beneficially owning shares, with Fidelity Management & Research Company LLC owning 5% or greater.

Sentiment

Score: 7

Explanation: The disclosure of a significant 10.4% beneficial ownership by a major institutional investor like FMR LLC is generally a positive signal, indicating confidence in the company's value and prospects. The statement that the holding is for ordinary business and not for control purposes further suggests a stable, long-term investment.

Positives

• A significant institutional investor, FMR LLC, maintains a substantial 10.4% stake in Lumentum Holdings Inc., indicating continued confidence in the company.
• The holding is stated to be for ordinary course of business, not for control-influencing purposes, suggesting a stable, long-term investment perspective.

Negatives

• The filing does not present any explicit negative information regarding Lumentum Holdings Inc.

Risks

• The filing does not explicitly mention risks related to Lumentum Holdings Inc. beyond the general nature of holding common stock.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding Lumentum Holdings Inc.'s future performance or FMR LLC's future investment intentions beyond the statement that shares are held in the ordinary course of business.

Management Comments

• 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.

Industry Context

This Schedule 13G filing indicates a significant passive investment by a major institutional asset manager, FMR LLC, in Lumentum Holdings Inc. Such filings are routine disclosures required when an entity acquires more than 5% of a company's stock, providing transparency into large shareholder positions. A substantial stake by a reputable firm like FMR LLC can be viewed as a vote of confidence in Lumentum's long-term prospects within its industry.

Comparison to Industry Standards

• Not applicable. This filing reports a beneficial ownership stake, not operational or financial results that can be compared to industry benchmarks or specific comparable companies/projects.

Corporate Governance

Stakeholder Impact

• Shareholders: The disclosure of a large institutional investor holding a significant stake may instill confidence and potentially attract other investors, positively influencing share price stability.
• Management: A substantial passive institutional holding can provide a degree of stability but also implies a watchful eye from a major investor.

Next Steps

• The filing does not outline any specific future actions or milestones for Lumentum Holdings Inc. or FMR LLC related to this holding.

Key Dates

Recommendation

While a significant institutional stake by FMR LLC is a positive indicator of confidence in Lumentum Holdings Inc., this Schedule 13G filing primarily reports a factual ownership position. It does not provide new financial performance data, strategic updates, or operational insights that would warrant a 'buy' or 'sell' recommendation. The 'hold' recommendation reflects the stability implied by a major institutional investor's continued significant stake, suggesting no immediate reason for a change in investment posture based solely on this ownership disclosure.

Keywords

Lumentum Holdings Inc., LITE, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Investment Management