Entropy Technologies, LP Reduces Stake in Lumentum According to Latest 13F Filing

Entropy Technologies, LP Reduces Stake in Lumentum According to Latest 13F Filing

In its latest SEC 13F filing, Entropy Technologies, LP disclosed a reduction in its holdings of Lumentum (LITE), a key player in the Communication Equipment sector. The hedge fund sold 8,060 shares, marking a 0.01% decrease in its position size, and bringing its total holdings in Lumentum to a market value of $11.02 million.

Deep Dive into the Trade

Entropy Technologies, LP now allocates 0.76% of its portfolio to Lumentum, reflecting a calculated reduction in exposure to the stock. Despite this sale, the firm still owns 0.04% of Lumentum's total outstanding shares, maintaining a modest but noteworthy presence in the company. Lumentum, known for its innovations in optical and photonic products, operates in a competitive industry where market dynamics often influence investment strategies.

Why is Entropy Technologies, LP Adjusting Its Position in Lumentum?

This move could signal a rebalancing of the fund's portfolio to optimize returns or a shift in its outlook on the Communication Equipment sector. Investors often monitor such adjustments closely to gauge sentiment towards specific industries or companies.

How Much of Lumentum Does Entropy Technologies, LP Own?

Following this transaction, Entropy Technologies, LP holds approximately 0.04% of Lumentum's total shares, underscoring its continued, albeit reduced, confidence in the stock.

Portfolio Impact

The sale of Lumentum shares slightly reduces the fund's exposure to the Communication Equipment sector. With Lumentum now representing 0.76% of its overall portfolio, Entropy Technologies, LP appears to be diversifying its investments or reallocating resources to other opportunities.

For a comprehensive view of Entropy Technologies, LP's portfolio and historical 13F filings, view Entropy Technologies, LP’s full real-time portfolio and historical 13F data here.