Rokos Capital Management 13F: Cuts Lumentum (LITE) Stake by $73M

Rokos Capital Management Trims Lumentum Holdings Inc. Position

Rokos Capital Management lowered its exposure to Lumentum Holdings Inc. (NasdaqGS: LITE) during the period ended May 15, 2026, according to a Form 13F filing with the U.S. Securities and Exchange Commission. The fund cut its holdings by 42.4%, selling off 85,031 shares. Because 13F filings look backward at holdings from the end of the reporting period, this position may not represent the fund's current holdings.

Details of the Share Reduction

Prior to the reduction, the fund owned 200,624 shares of the optical and photonic product maker. After cutting 85,031 shares, Rokos Capital Management finished the period with 115,593 shares. The remaining stake carried a reported value of $99,863,681.11.

Stock Valuation and Price Context

Lumentum shares traded near the $863.92 mark. The company has a forward price-to-earnings ratio of 24.14 based on future expected earnings. Investors should note that 13F data reflects past snapshots and does not capture trades made after the reporting period closed.

Wall Street Analyst Coverage

Investment firms have adjusted their views on Lumentum as market conditions evolved. On October 5, 2026, Rosenblatt maintained its buy rating and a $1,300 price target. On the same day, Stifel kept its buy rating while raising its price target to $1,232 from $1,100. Earlier, on September 30, 2026, Bernstein initiated coverage with an outperform rating and a $1,220 price target. Citigroup also maintained a buy rating on September 28, 2026, and lifted its target to $1,400 from $1,200. Additional notes include Rosenblatt keeping a buy rating at $1,300 on September 23, 2026, Deutsche Bank initiating a buy rating with a $1,200 target on September 1, 2026, Evercore ISI Group starting coverage with an outperform rating and a $1,100 target on August 31, 2026, and Morgan Stanley maintaining an equal-weight rating with a $1,000 target on August 12, 2026.

Inside Lumentum Holdings Operations

Headquartered in San Jose, California, Lumentum designs and manufactures optical and photonic products for cloud computing, artificial intelligence, machine learning, and telecommunications networks. Its product lineup includes semiconductor laser chips, optical circuit switches, and industrial lasers used across global markets.

What to Watch Next for the Fund and Stock

Investors tracking Rokos Capital Management will need to review future SEC disclosures to see if the fund continues trimming its technology holdings or shifts direction. Lumentum's next earnings report is scheduled for November 5, 2026, which will provide fresh details on revenue and profitability.