LUMN ranks #893 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
LUMN is a top-conviction position for LM Asset Management Inc. — at 30.4% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in LUMN belongs to California State Teachers Retirement System, but the position matters far more to LM Asset Management Inc., who has 30.4% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
California State Teachers Retirement System has added to its LUMN position for two straight quarters, increasing it by $1.1B to reach $1.1B today.
JPMorgan has trimmed its LUMN position for two straight quarters, cutting it by $103.6M while still holding $69.0M.
LUMN is down 1.6% today, but institutions show net buying of $426.9M this quarter — a divergence between today's price move and the underlying institutional flow.