Lumen Technologies

LUMN • NYSE

Lumen Technologies is a telecommunications services company in the communication services sector on NYSE, led by Jeffrey K. Storey, with a market cap of $8.7B. As of Q3 2025, 66% of shares are held by 530 institutional investors, with BlackRock, Inc. as the largest holder at 14.16%.

CEOJeffrey K. Storey

Market Cap$8.7B

Telecommunications Services

Communication Services

Employees27.0K

Websitelumen.com

Country

United States of America

Overview

Overview of institutional ownership in LUMN as of Q3 2025 with a market cap of $6.3B

All Institutions

Institutions: 530
Value Held: $4.2B
Shares Held: 680.2M
Avg Position: $7.9M
Median Position: $121.8K

Hedge Funds

Hedge Funds: 43
Value Held: $444.9M
Shares Held: 72.7M
Avg Position: $10.3M
Median Position: $918.0K

Ownership Breakdown

Institutional (non-HF)

59.21%

$3.7B

Hedge Funds

7.08%

$444.9M

Retail & Other

33.71%

$2.1B

Based on market cap of $6.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in LUMN as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$889.1M 0.02% of portfolio	14.16% 145.3M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$694.9M 0.01% of portfolio	11.07% 113.6M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$276.8M 0.01% of portfolio	4.41% 45.2M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$136.3M 0.01% of portfolio	2.17% 22.3M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$109.7M 0.02% of portfolio	1.75% 17.9M shares	≤ Q2 2013 Held for 12y 5m+	$620.51B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$106.5M 0.02% of portfolio	1.70% 17.4M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
FIRST TRUST ADVISORS LP ETF Provider	James Allen Bowen CEO	$100.6M 0.07% of portfolio	1.60% 16.4M shares	≤ Q2 2013 Held for 12y 5m+	$134.11B
Front Street Capital Management, Inc. RIA/Wealth	Michele Marie Blood President	$74.5M 11.73% of portfolio	1.19% 12.2M shares	Q1 2017 Held for 8y 8m	$635.0M
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$69.2M 0.09% of portfolio	1.10% 11.3M shares	Q4 2021 Held for 3y 11m	$75.8B
P Palestra Capital Management LLC Hedge Fund•Long/Short	Jeremy Nathaniel Schiffman Founder	$68.3M 2.24% of portfolio	1.09% 11.2M shares	Q2 2023 Held for 2y 5m	$3.0B

Net Capital Flow

Institutional buying and selling activity for LUMN in Q3 2025

Traded: −$156.1M
Buyers: 230
Sellers: 225
Total Bought: +$307.5M
Total Sold: −$463.6M
Avg Position: $6.9M

Biggest Buyers

Institution	Net Bought	Current Position
Contour Asset Management LLC Hedge Fund•Long/Short	+$30.4M +5.0M shares	$30.4M 5.0M shares
FMR LLC Institution	+$29.2M +4.8M shares	$61.6M 10.1M shares
G GENDELL JEFFREY L Institution	+$22.5M +3.7M shares	$25.8M 4.2M shares
Diameter Capital Partners LP Hedge Fund•Credit Arb	+$20.2M +3.3M shares	$20.2M 3.3M shares
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. Long Only Manager	+$18.4M +3.0M shares	$18.4M 3.0M shares
PENN CAPITAL MANAGEMENT CO INC Long Only Manager	+$16.8M +2.7M shares	$16.8M 2.7M shares
A AIGH Capital Management LLC Hedge Fund•Long/Short	+$15.6M +2.6M shares	$15.6M 2.6M shares
N NEW YORK STATE COMMON RETIREMENT FUND Institution	+$9.9M +1.6M shares	$11.6M 1.9M shares
CapWealth Advisors, LLC RIA/Wealth	+$9.8M +1.6M shares	$36.7M 6.0M shares
CITIGROUP INC Institution	+$9.1M +1.5M shares	$16.3M 2.7M shares

Biggest Sellers

Institution	Net Sold	Current Position
M Man Group plc Institution	−$49.7M −8.1M shares	$20.6M 3.4M shares
H HSBC HOLDINGS PLC Institution	−$39.0M −6.3M shares	$44.4M 7.2M shares
Invesco Ltd. ETF Provider	−$36.5M −6.0M shares	$30.4M 5.0M shares
JPMORGAN CHASE & CO Institution	−$35.7M −5.8M shares	$33.5M 5.5M shares
HENNESSY ADVISORS INC Institution	−$30.5M −7.0M shares	Sold Off 0 shares
B BlackRock, Inc. Institution	−$18.9M −3.1M shares	$889.1M 145.3M shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$16.8M −2.7M shares	$25.2M 4.1M shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$14.5M −3.3M shares	Sold Off 0 shares
C Cubist Systematic Strategies, LLC Institution	−$13.8M −3.2M shares	Sold Off 0 shares
STATE STREET CORP Institution	−$13.4M −2.2M shares	$276.8M 45.2M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited LUMN in Q3 2025

New Positions: 35
New Value: $111.6M
Exited Positions: 72
Exited Value: $124.9M

New Positions

Institution	Position Value
Contour Asset Management LLC Hedge Fund•Long/Short	$30.4M 5.0M shares
Diameter Capital Partners LP Hedge Fund•Credit Arb	$20.2M 3.3M shares
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. Long Only Manager	$18.4M 3.0M shares
PENN CAPITAL MANAGEMENT CO INC Long Only Manager	$16.8M 2.7M shares
A AIGH Capital Management LLC Hedge Fund•Long/Short	$15.6M 2.6M shares
Summit Financial, LLC RIA/Wealth	$5.2M 850.9K shares
JT Stratford LLC RIA/Wealth	$2.1M 336.8K shares
Aristides Capital LLC Real Assets	$718.8K 117.4K shares
Left Brain Wealth Management, LLC RIA/Wealth	$459.0K 75.0K shares
S Shay Capital LLC Institution	$459.0K 75.0K shares

Exited Positions

Institution	Previous Position
HENNESSY ADVISORS INC Institution	$30.5M 7.0M shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$14.5M 3.3M shares
C Cubist Systematic Strategies, LLC Institution	$13.8M 3.2M shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$13.0M 3.0M shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	$12.2M 2.8M shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$8.8M 2.0M shares
A Assenagon Asset Management S.A. Institution	$4.1M 945.5K shares
N NATIXIS Institution	$3.7M 853.3K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$3.5M 807.7K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$3.4M 773.5K shares

Options Activity

Institutions with the largest Call and Put options positions in LUMN as of Q3 2025

Call Positions: 23
Call Value: $70.2M
Put Positions: 18
Put Value: $111.0M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$30.4M 49.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$7.1M 11.7K contracts
Crescent Park Management, L.P. Hedge Fund•Long/Short	$5.9M 9.7K contracts
BARCLAYS PLC Institution	$4.9M 8.0K contracts
Walleye Trading LLC RIA/Wealth	$3.8M 6.2K contracts
W WOLVERINE TRADING, LLC Institution	$3.7M 6.2K contracts
C Cubist Systematic Strategies, LLC Institution	$3.6M 5.9K contracts
CapWealth Advisors, LLC RIA/Wealth	$3.1M 5.0K contracts
Caption Management, LLC Hedge Fund•Long/Short	$2.5M 4.2K contracts
P PEAK6 LLC Institution	$1.1M 1.9K contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$39.6M 64.8K contracts
W WHITEBOX ADVISORS LLC Hedge Fund•Multi-Strategy	$26.3M 43.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$13.0M 21.3K contracts
J JANE STREET GROUP, LLC Institution	$7.4M 12.1K contracts
UBS Group AG Institution	$5.8M 9.5K contracts
Walleye Trading LLC RIA/Wealth	$4.2M 6.9K contracts
W WOLVERINE TRADING, LLC Institution	$3.5M 5.9K contracts
L LMR Partners LLP Institution	$2.9M 4.8K contracts
BANK OF AMERICA CORP /DE/ Institution	$2.8M 4.5K contracts
CITIGROUP INC Institution	$1.8M 2.9K contracts

Most Committed Institutions

Institutions with LUMN as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
L LM Asset Inc. Institution	-	48.48% $62.3M	0.99% 10.2M shares	Q4 2024 Held for 11 months	$128.6M
BRIGADE CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	Raymond (Nmn) Luis President	17.72% $17.7M	0.28% 2.9M shares	Q2 2025 Held for 5 months	$100.1M
Front Street Capital Management, Inc. RIA/Wealth	Michele Marie Blood President	11.73% $74.5M	1.19% 12.2M shares	Q1 2017 Held for 8y 8m	$635.0M
WESTERLY CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Christopher James Galvin Managing Partner	6.79% $21.4M	0.34% 3.5M shares	Q4 2024 Held for 11 months	$315.2M
A AIGH Capital Management LLC Hedge Fund•Long/Short	Orin Zvi Hirschman Managing Partner	4.92% $15.6M	0.25% 2.6M shares	Q3 2025 Held for 2 months	$317.0M
L Lonestar Capital Management LLC Institution	-	4.78% $6.1M	0.10% 1.0M shares	Q3 2025 Held for 2 months	$128.0M
VAN DEN BERG MANAGEMENT INC/TX RIA/Wealth	Arnold Van Den Berg Chairman	3.70% $14.8M	0.24% 2.4M shares	Q1 2021 Held for 4y 8m	$399.2M
CapWealth Advisors, LLC RIA/Wealth	Phoebe Jones Venable CEO	3.31% $36.7M	0.58% 6.0M shares	Q4 2016 Held for 8y 11m	$1.1B
P Palestra Capital Management LLC Hedge Fund•Long/Short	Jeremy Nathaniel Schiffman Founder	2.24% $68.3M	1.09% 11.2M shares	Q2 2023 Held for 2y 5m	$3.0B
Diameter Capital Partners LP Hedge Fund•Credit Arb	Scott Kreitler Goodwin Founder	2.15% $20.2M	0.32% 3.3M shares	Q3 2025 Held for 2 months	$938.2M

Hedge Fund Spotlight

Discover hedge funds investing in LUMN

Keebeck Alpha, LP

Hedge Fund

Portfolio ManagerThong Huy Nguyen

Portfolio Value: $71.9M
Positions: 204
Last Reported: Q3 2025

Sector Allocation

Position in Lumen Technologies

Market Value: $97.5K
Shares Held: 15.9K
Portfolio Weight: 0.14%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 iShares Russell 2000 IWM	ETF ETF	$2.9M	4.01%
2 Steelcase SCS	Business Equipment & Supplies Industrials	$2.6M	3.63%
3 Frontier Communications Parent, Inc. FYBR	Telecommunications Services Communication Services	$2.6M	3.59%