SCHEDULE: FMR LLC Boosts Lumentum Holdings Stake to 8.8%

Sentiment:

Beneficial Ownership Report 5 November 2025 11:40 AM

FMR LLC and Abigail P. Johnson have disclosed an 8.8% beneficial ownership stake in Lumentum Holdings Inc. common stock as of September 30, 2025.

Summary

FMR LLC and Abigail P. Johnson collectively reported beneficial ownership of 6,188,868.01 shares of Lumentum Holdings Inc. common stock.
This represents an 8.8% stake in the company's common stock.
FMR LLC holds sole voting power over 6,092,800.73 shares and sole dispositive power over 6,188,868.01 shares.
Abigail P. Johnson, as a control person of FMR LLC, is deemed to beneficially own the same aggregate amount of shares with sole dispositive power.
The filing was made under Rule 13d-1(b), indicating the securities were acquired and held in the ordinary course of business, not for control purposes.

Sentiment

Score: 7

Explanation: The disclosure of a significant, passive institutional stake by a reputable firm like FMR LLC is generally viewed positively as it signals investor confidence and stability, without indicating any intent to disrupt company control.

Positives

A significant institutional investor, FMR LLC, maintains a substantial 8.8% stake in Lumentum Holdings Inc., indicating continued confidence in the company.
The filing explicitly states that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control, which suggests a passive investment stance.

Risks

While the filing states the investment is passive, a large institutional holding could potentially influence future corporate actions or market perception if FMR LLC's investment strategy changes.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding Lumentum Holdings Inc.'s future outlook.

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.
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Industry Context

This filing reflects a significant ownership position by a major institutional asset manager in Lumentum Holdings Inc., a company operating in the optical and photonic products industry. Such a substantial stake by a prominent investor like FMR LLC can be viewed as a vote of confidence in the company's long-term prospects within its competitive sector.

Comparison to Industry Standards

This filing is a standard disclosure of beneficial ownership by a large institutional investor. It does not provide performance metrics for Lumentum Holdings Inc. that would allow for a direct comparison to industry benchmarks or specific comparable companies or projects. The 8.8% stake is a notable position for an institutional investor in a publicly traded company.

Management Changes

Role	Previous Person	New Person	Effective Date	Reason
Director, Chairman, and Chief Executive Officer of FMR LLC	NA	Abigail P. Johnson	NA	Information about Abigail P. Johnson's role at FMR LLC is provided, but no changes are reported.

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Internal Governance Structure Disclosure	Members of the Johnson family, including Abigail P. Johnson, are predominant owners of Series B voting common shares of FMR LLC (49% voting power) and have a shareholders' voting agreement to vote in accordance with the majority vote of Series B shares, forming a controlling group for FMR LLC.	NA	This describes the internal control structure of the reporting entity (FMR LLC), not Lumentum Holdings Inc. It clarifies how FMR LLC's voting power is managed internally.

Related Party Transactions

The filing details the relationship between FMR LLC and Abigail P. Johnson as a control person, and lists various subsidiaries of FMR LLC that beneficially own shares. These are internal relationships of the reporting entity, not related party transactions involving Lumentum Holdings Inc.

Stakeholder Impact

Shareholders: The disclosure of a large, passive institutional investor may provide a sense of stability and confidence.
Management: The certification that the investment is not for control purposes suggests management can continue executing its strategy without immediate pressure from this specific shareholder.

Next Steps

The filing does not mention any specific future actions, events, or milestones for Lumentum Holdings Inc. related to this ownership disclosure.

Key Dates

Date	Description
2023-01-03	Effective date of Power of Attorney for FMR LLC.
2023-01-10	FMR LLC filed a Schedule 13G, incorporating Power of Attorney by reference.
2023-01-26	Effective date of Power of Attorney for Abigail P. Johnson.
2023-01-31	FMR LLC filed a Schedule 13G, incorporating Abigail P. Johnson's Power of Attorney by reference.
2025-09-30	Date of event which requires filing of this statement (reporting period end date for ownership calculation).
2025-11-04	Filing date of the Schedule 13G Amendment No. 5.

Recommendation

hold

This Schedule 13G filing primarily serves as a disclosure of a significant beneficial ownership stake by FMR LLC and Abigail P. Johnson in Lumentum Holdings Inc. The filing indicates a passive investment, not intended to influence control. While a large institutional holding can be a positive signal of confidence, it does not provide new fundamental information about Lumentum's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, maintaining current positions while awaiting further company-specific news or financial reports.

Keywords

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

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