PCM
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Palestra Capital Management’s Lumen LUMN Stock Holding History

Palestra Capital Management’s Portfolio LUMN Stock Details LUMN Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		– Sell
-11,167,585
Closed -$86.8M – 32
2025
Q4 		$86.8M Hold
11,167,585
– – 3.07% 16
2025
Q3 		$68.3M Hold
11,167,585
– – 2.2% 24
2025
Q2 		$48.9M Buy
11,167,585
+7,417,585
+198% +$28.7M 1.42% 26
2025
Q1 		$14.7M Sell
3,750,000
-7,417,585
-66% -$37M 0.58% 23
2024
Q4 		$59.3M Hold
11,167,585
– – 1.62% 23
2024
Q3 		$79.3M Hold
11,167,585
– – 2.62% 19
2024
Q2 		$12.3M Hold
11,167,585
– – 0.48% 30
2024
Q1 		$17.4M Hold
11,167,585
– – 0.65% 29
2023
Q4 		$20.4M Buy
11,167,585
+4,637,585
+71% +$6.57M 1.01% 23
2023
Q3 		$9.27M Buy
6,530,000
+5,795,000
+788% +$9.81M 0.49% 22
2023
Q2 		$1.66M Buy
+735,000
New +$1.62M 0.08% 27

Other funds holding LUMN

BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
Vanguard Portfolio Management
Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM
State Street
State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return
Vanguard Capital Management
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
Fidelity Investments
Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return
JP Morgan Chase
JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return
Charles Schwab
Charles Schwab San Francisco, California $751B AUM 38.74% 1-Year Est. Return
D.E. Shaw & Co
D.E. Shaw & Co New York $210B AUM 57.28% 1-Year Est. Return

Palestra Capital Management's LUMN Position: Q1 2026 in Review

Palestra Capital Management sold out of Lumen (LUMN) in Q1 2026, closing a stake of 11,167,585 shares — an estimated $86.8M sold.

Palestra Capital Management first reported a position in LUMN in Q2 2023 and held it in 11 quarters. The position peaked at $86.8M in Q4 2025. 599 funds tracked by Wall St. Rank hold LUMN as of Q1 2026.

  • Palestra Capital Management reported no remaining Lumen position as of Q1 2026 after selling out during the quarter.
  • Palestra Capital Management sold 11,167,585 Lumen shares in Q1 2026, an estimated $86.8M.
  • Palestra Capital Management first reported a position in Lumen in Q2 2023 and held it in 11 quarters.
  • Palestra Capital Management's Lumen position peaked at $86.8M in Q4 2025.
  • 599 funds tracked by Wall St. Rank held Lumen as of Q1 2026.

Based on Palestra Capital Management's 13F filing for Q1 2026, filed 15 May 2026.