Institutional Investors Swarm Lumen Technologies: Key Insights Revealed

2024-03-12

Lumen Technologies (LUMN) garnered significant attention from institutional investors during the recent meeting, with 471 hedge funds collectively holding 719,766,663 shares in the company. Moreover, 27 ETFs also had a stake in LUMN, with a total of 139,853,230 shares in their portfolios.

Notable institutional investors such as BlackRock Inc., Vanguard Group Inc., and State Street Corp emerged as top holders of LUMN, showcasing their substantial shareholdings in the company.

Throughout the last quarter, 122 hedge funds were actively buying LUMN shares, while 193 were in the selling mode. Interestingly, 21 hedge funds opted to double down on their positions in LUMN during this period. Conversely, 11 hedge funds made significant exits by selling at least 90% of their LUMN shares.

The insights provided by sharkstracker.com present a data-driven perspective of the market dynamics, empowering investors to make well-informed decisions based on the trading activities of hedge funds and institutional investors in relation to Lumen Technologies.