Sendero Wealth Management 13F: New $2.4M Stake in Lumentum (LITE)

Sendero Wealth Management disclosed a new investment in Lumentum Holdings Inc. (NasdaqGS: LITE) in a Form 13F filing with the SEC on October 14, 2026. Institutional filings like this one provide a look at portfolio choices from the previous quarter and may not reflect current trading activity.

Inside Sendero Wealth's Lumentum Trade

Sendero Wealth Management opened a brand-new position in Lumentum by acquiring 2,484 shares. The filing values this initial stake at approximately $2.41 million. Because this is a newly established holding, it represents a fresh commitment to the optical technology firm rather than an adjustment to an existing position.

Other Institutional Activity in Lumentum Holdings

Other major institutional managers made substantial moves in Lumentum during the period. Blackrock Inc. grew its holdings by 1,343,217 shares, ending with 9,179,958 shares worth about $7,565,478,831. Vanguard Capital Management LLC grew its holdings by 438,474 shares, ending with 5,078,410 shares worth about $4,185,270,058. Vanguard Portfolio Management LLC grew its holdings by 390,869 shares, ending with 4,092,283 shares worth about $3,372,573,208. JPMORGAN CHASE & CO grew its holdings by 1,118,344 shares, ending with 4,059,807 shares worth about $3,345,808,762 with a 38.0% increase. Meanwhile, FMR, LLC reduced its holdings by 3,665,726 shares, ending with 3,519,154 shares worth about $2,900,240,403 reflecting a 51.0% decrease.

Lumentum Holdings Inc. Stock Down 7.1%

Lumentum shares recently traded around $832.98 as of October 16, 2026. The stock sits below its 52-week high of $1143.00 and well above its 52-week low of $152.54. It trades below its 50-day moving average of $931.07 but remains above its 200-day moving average of $772.72.

Recent Earnings

For its trailing twelve months, Lumentum reported 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%. Its net profit margin stood at -230.1% and return on equity reached -240.0%. The company is scheduled to report its next set of financial results on November 5, 2026.

Insider Buying and Selling at Lumentum Holdings Inc.

Company officer Yuen Wupen completed four separate sales during September 2026. On September 10, 2026, Yuen sold 1,500 shares for a total value of $1,410,335. Later, on September 15, 2026, Yuen sold 1,500 shares valued at $1,324,030. Another sale on September 23, 2026, involved 1,500 shares worth $1,420,690. Finally, on September 29, 2026, Yuen sold 807 shares for $764,365. None of these transactions were reported as part of a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

Financial firms continue to update their views on the optical equipment maker. On September 23, 2026, Rosenblatt maintained its Buy rating with a target of $1300.00. Citigroup maintained a Buy rating on September 28, 2026, raising its target to $1400.00 from $1200.00. Bernstein initiated coverage on September 30, 2026, with an Outperform rating and a $1220.00 price target. Rosenblatt maintained its Buy rating on October 5, 2026, with a target of $1300.00. Stifel also maintained a Buy rating on October 5, 2026, raising its target to $1232.00 from $1100.00. Across 26 analyst opinions, the stock carries a consensus recommendation of Strong Buy and a mean price target of $1179.07.

About Lumentum Holdings Inc.

Headquartered in San Jose, California, Lumentum designs and manufactures advanced optical and photonic products. The company supplies semiconductor laser chips, specialized sub-assemblies, and wavelength management systems used across telecommunications, data centers, and industrial manufacturing. Its core offerings help power high-speed data transmission and precision laser processing worldwide.

Bottom Line

Sendero Wealth's new filing captures portfolio positioning as of the end of the quarter. Investors will look to Lumentum's upcoming earnings report on November 5, 2026, for updated financial metrics and operational guidance. 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.