Westerly Capital Sells 2.7 Million Lumen Technologies Shares Worth $22.2 Million

Westerly Capital Management sold 2.7 million Lumen Technologies shares worth $22.2 million in Q4 2025, reducing its position to 1.4% of AUM. This sale follows Lumen's decision to shift away from consumer internet services and focus on fiber optic solutions for businesses. Despite a 64.1% YoY price increase, the company's 2025 revenue fell to $12.4 billion from $13.1 billion in 2024, with rising expenses and a significant debt level.