Fintel reports that Temasek Holdings (Private) Ltd has filed a 13D\/A form with the SEC disclosing ownership of 50,919,596 shares of Lumen Technologies (fka CenturyLink)\u00a0(LUMN). This represents 4.9% of the company.<\/p>\n
In their previous filing dated November 14, 2022 they reported 56,082,331 shares and 5.40% of the company, a decrease in shares of 9.21% and a decrease in total ownership of 0.50%<\/strong> (calculated as current – previous percent ownership).<\/p>\n Lumen is guided by its belief that humanity is at its best when technology advances the way we live and work. With approximately 450,000 route fiber miles and serving customers in more than 60 countries, it delivers the fastest, most secure platform for applications and data to help businesses, government and communities deliver amazing experiences.<\/p>\n In their 2022 3Q financial update, Lumen reported the following highlights:<\/p>\n What are other large shareholders doing?<\/strong><\/p>\n \u00a0<\/p>\n Southeastern Asset Management Inc\/tn\/ holds 58,627,580 shares representing 5.67% ownership of the company. In it’s prior filing, the firm reported owning 61,990,676 shares, representing a decrease<\/strong> of 5.74%. The firm decreased<\/strong> its portfolio allocation in LUMN by 24.64% over the last quarter.<\/p>\n Geode Capital Management, Llc holds 20,509,677 shares representing 1.98% ownership of the company. In it’s prior filing, the firm reported owning 19,780,500 shares, representing an increase<\/strong> of 3.56%. The firm decreased<\/strong> its portfolio allocation in LUMN by 28.25% over the last quarter.<\/p>\n First Trust Advisors Lp holds 15,765,686 shares representing 1.52% ownership of the company. In it’s prior filing, the firm reported owning 13,558,198 shares, representing an increase<\/strong> of 14.00%. The firm decreased<\/strong> its portfolio allocation in LUMN by 18.65% over the last quarter.<\/p>\n Invesco Ltd. holds 15,124,864 shares representing 1.46% ownership of the company. In it’s prior filing, the firm reported owning 14,471,045 shares, representing an increase<\/strong> of 4.32%. The firm decreased<\/strong> its portfolio allocation in LUMN by 93.14% over the last quarter.<\/p>\n What is the overall Fund Sentiment?<\/strong><\/p>\n There are 1442 funds or institutions reporting positions in CenturyLink, Inc.. This is a decrease of 33 owner(s) or 2.24%.<\/p>\n Average portfolio weight of all funds<\/strong> dedicated to CenturyLink, Inc. is 0.2249%, a decrease of 8.3015%. Total shares owned by institutions increased in the last three months by 1.10% to 920,338,382 shares.<\/p>\n\n