Dorsey Wright Adjusts Holdings in Tapestry and Lumentum Amid AI and Retail Shifts

Key Facts

1Dorsey Wright & Associates increased its stake in Tapestry, Inc. by 2,262.9%, purchasing an additional 91,264 shares.

2Dorsey Wright & Associates reduced its stake in Lumentum Holdings Inc. by 23.2% during the first quarter.

3Lumentum reported a 90.1% year-over-year revenue growth driven by AI demand.

In a move reflecting strategic portfolio rebalancing, Dorsey Wright & Associates has made substantial adjustments to its holdings in the retail and technology sectors. According to reports, the firm increased its stake in Tapestry, Inc. by a massive 2,262.9%, acquiring an additional 91,264 shares, while simultaneously reducing its position in Lumentum Holdings Inc. by 23.2% during the first quarter. This divergence occurs despite Lumentum reporting a robust 90.1% year-over-year revenue growth, fueled by surging demand for AI-related technologies.

These institutional shifts come as luxury retail and tech components face differing market dynamics; Tapestry (owner of Coach) recently raised its guidance, attracting significant institutional inflows. In comparison to peers, Lumentum's performance remains strong within the optical networking space, where competitors like Coherent (COHR) are also seeing elevated valuations due to data center expansion per market data. The reduction in the LITE stake likely represents profit-taking following the sector's recent AI-driven rally.

Traders should monitor current price levels, with TPR closing at $144.19 and LITE at $706.23 (as of July 16, 2026). Looking ahead, the market is digesting recent US economic data which showed the annual inflation rate cooling to 3.5%, a factor that could influence consumer discretionary spending and the broader outlook for luxury retail stocks like Tapestry.