Generate Investment Management 13F: Adds $46M to LITE Stake

Generate Investment Management expanded its footprint in Lumentum Holdings Inc. (NasdaqGS: LITE), according to a Form 13F filing with the U.S. Securities and Exchange Commission on October 14, 2026. Institutional filings look backward at portfolio choices made during the previous quarter, meaning these numbers reflect positions held at that time and may not represent the firm's current holdings today.

What Changed in Generate Investment Management's Lumentum Position

The fund increased its position by 47,855 shares, which worked out to a 299.1% boost. That brought Generate Investment Management's total ownership to 63,855 shares. The reported value of the stake stood at about $62.0 million at the time of the filing, up from its previous holding of 16,000 shares.

Other Institutional Activity in Lumentum

Other large asset managers made notable adjustments to their Lumentum portfolios around the same reporting period. Blackrock Inc. grew its holdings by 1,343,217 shares, ending with 9,179,958 shares worth about $7.57 billion. Vanguard Capital Management LLC lifted its stake by 438,474 shares to reach 5,078,410 shares valued at approximately $4.19 billion. Vanguard Portfolio Management LLC added 390,869 shares for a total of 4,092,283 shares worth about $3.37 billion. JPMORGAN CHASE & CO grew its position by 1,118,344 shares, finishing with 4,059,807 shares valued at roughly $3.35 billion. Meanwhile, FMR, LLC cut its holding by 3,665,726 shares, leaving it with 3,519,154 shares worth about $2.90 billion.

Lumentum Holdings Inc. Stock Down 7.1%

Lumentum shares recently traded around $832.98 as of October 16, 2026. The stock sits about 10.5% below its 50-day moving average of $931.07 and roughly 7.8% above its 200-day moving average of $772.72. The share price is down about 27.1% from its 52-week high of $1143.00, while holding well above its 52-week low of $152.54.

Recent Earnings

Lumentum reported trailing twelve-month revenue of $3.01 billion alongside a negative earnings per share of $92.96. The company posted a year-over-year revenue growth rate of 109.3%. The next corporate earnings update is scheduled for November 5, 2026.

Insider Buying and Selling at Lumentum Holdings Inc.

Company insiders were active in the market prior to the filing. An officer named Yuen Wupen completed four separate sales in September 2026. On September 10, the insider sold 1,500 shares for a total value of $1,410,335. Another sale of 1,500 shares followed on September 15, valued at $1,324,030. On September 23, the insider sold another 1,500 shares worth $1,420,690, and on September 29, the insider sold 807 shares for $764,365.

Analysts Set New Price Targets

Wall Street firms updated their views on Lumentum ahead of the filing. On September 23, Rosenblatt maintained its Buy rating with a price target of $1300.00. Citigroup maintained a Buy rating on September 28 while raising its price target to $1400.00 from $1200.00. Bernstein initiated coverage on September 30 with an Outperform rating and a $1220.00 price target. Rosenblatt reiterated its Buy rating at $1300.00 on October 5, and Stifel maintained a Buy rating on October 5 while lifting its price target to $1232.00 from $1100.00. Overall, the stock carries a consensus strong buy rating with a mean price target of $1179.07 across 26 analyst opinions.

About Lumentum

Lumentum Holdings Inc. manufactures optical and photonic products for customers across the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The San Jose-based technology company produces component items such as semiconductor laser chips, line subsystems, and wavelength management systems, alongside system products like optical circuit switches and industrial lasers.

Bottom Line

Investors tracking Generate Investment Management will want to watch Lumentum's upcoming earnings release on November 5, 2026, for fresh fundamental updates. Because Form 13F filings are historical snapshots, future regulatory disclosures will show whether the fund maintained this expanded optical sector bet. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.