Lumentum Holdings (LITE) Upswing Dampens Wasatch Long/Short Alpha Fund’s Performance

Lumentum Holdings’ (LITE) Upswing Dampens Wasatch Long/Short Alpha Fund’s Performance Soumya Eswaran Wed, June 3, 2026 at 9:25 PM GMT+7 3 min read LITE CL=F The Wasatch Long/Short Alpha Fund, managed by Wasatch Global Advisors, has recently published its Q1 2026 investor letter, which is available to download here. A shift in investor sentiment led to a market correction and increased volatility in U.S. small- and mid-cap stocks during the first quarter. Despite this, enthusiasm for AI continued to support companies involved in infrastructure development. The situation intensified in the quarter due to the conflict in Iran, causing investors to consider the potential for rising oil prices and their wider implications on the global economy. In this context, the Russell 2500 Index returned 2.04% in the quarter, while the Wasatch Long/Short Alpha Fund—Investor Class surpassed this performance with a rise of 4.16%, supported by the outperformance of its short positions. In addition, please check the firm’s top five holdings to know its best picks in 2026.

In its first-quarter 2026 investor letter, Wasatch Long/Short Alpha Fund highlighted Lumentum Holdings Inc. (NASDAQ:LITE). Lumentum Holdings Inc. (NASDAQ:LITE) is a leading technology company that manufactures and sells optical and photonic products. On June 2, 2026, Lumentum Holdings Inc. (NASDAQ:LITE) closed at $1,029.15 per share. One-month return of Lumentum Holdings Inc. (NASDAQ:LITE) was 3.70%, and its shares gained 1,119.72% over the past 52 weeks. Lumentum Holdings Inc. (NASDAQ:LITE) has a market capitalization of $76.15 billion.

Wasatch Long/Short Alpha Fund stated the following regarding Lumentum Holdings Inc. (NASDAQ:LITE) in its Q1 2026 investor letter: