As copper wiring hits physical limits in AI data centers, Tema ETFs CIO Yuri Khodjamarian explains why photonics and optical networking represent the next trillion dollar infrastructure bottleneck. He also breaks down how his fund $LAZR provides rare pre-IPO exposure to…
LAZR Tema Photonics & Optical ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
LAZR
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Key stats
About
Tema Photonics & Optical ETF (LAZR) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2026-06-29
- Has Options
- Yes
Fund profile
holdings as of Aug 31, 2026SEC filingthrough Aug 2026flows, SEC filings
- Expense ratio
- 0.75% prospectus, filed Jun 29, 2026
- Assets
- $85M SEC filing, Aug 31, 2026
- Trailing yield
- —
- Average daily volume
- $10M 30 sessions
- Holdings
- 27 top 10 are 65.6%
- Listed
- Jun 29, 2026 NYSE Arca
Cost14
Liquidity67
Scale17
Diversification37
Moves with. US dollar (24% of its variance, beta 11.83); Value over growth (11% of its variance, beta -2.99); US large-cap stocks (5% of its variance, beta 2.24); Bitcoin (4% of its variance, beta 0.61). These factors explain 43% of its daily moves over the last year.
Stated objective. Tema Photonics & Optical ETF (the Fund) seeks to provide long-term growth. (from the fund's prospectus)
All 27 holdingsFlow historySimilar fundsOverlap toolAll Semiconductors ETFs
Fund flows
through Aug 2026SEC filings- Aug 2026
- +$68M latest reported month
- Latest 3 months
- +$87M +102.7% of assets
- Latest 12 months
- —
View as a table
| Month | Net flow |
|---|---|
| Aug 2026 | +$68M |
| Jul 2026 | +$18M |
| Jun 2026 | +$989K |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 3 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| MEMERoundhill Meme Stock ETF | 18% | 0.69% | $24M | −31.8% | compare |
| EGGQNestYield Visionary ETF | 16% | 0.93% | $81M | −28.2% | compare |
| SPRXSpear Alpha ETF | 16% | 0.75% | $147M | −27.1% | compare |
| EGGYNestYield Dynamic Income ETF | 15% | 0.92% | $158M | −47.9% | compare |
| EGGSNestYield Total Return Guard ETF | 14% | 0.93% | $58M | −36.2% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Aug 31, 2026SEC filing- Insider buying
- 0% of weight had net insider buying, 90 days; 44% net selling
- Reporting earnings
- 0.0% of weight in 7 days; 1.7% in 14
Holdings reporting in the next 14 days
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
ETF Profile
holdings as of 2026-08-31
Holdings
27
AUM
$84.5M
Provider
Nport
Inception
2026-06-29
Exchange
ARCX
Data As Of
2026-08-31
Expense Ratio
0.75%
Dividend Yield
—
Distribution
—
Asset Allocation
Top Holdings
top 27 of 27 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| LITE | Lumentum Holdings Inc | 16.49% | Equity (common) | US |
| — | AIXTRON SE | 9.11% | Equity (common) | DE |
| AXTI | AXT Inc | 8.29% | Equity (common) | US |
| — | LandMark Optoelectronics Corp | 6.88% | Equity (common) | TW |
| AAOI | Applied Optoelectronics Inc | 5.37% | Equity (common) | US |
| — | Furukawa Electric Co Ltd | 4.69% | Equity (common) | JP |
| — | Tower Semiconductor Ltd | 3.87% | Equity (common) | IL |
| — | YOFC | 3.85% | Equity (common) | CN |
| COHR | Coherent Corp | 3.52% | Equity (common) | US |
| AEHR | Aehr Test Systems | 3.51% | Equity (common) | US |
| — | Yuanjie Semiconductor Technolo | 3.49% | Equity (common) | CN |
| CIEN | Ciena Corp | 2.71% | Equity (common) | US |
| — | Eoptolink Technology Inc Ltd | 2.68% | Equity (common) | CN |
| — | IntelliEPI Inc | 2.59% | Equity (common) | US |
| — | Zhongji Innolight Co Ltd | 2.50% | Equity (common) | CN |
| — | Anthropic SPV Exposure | 2.37% | Other | US |
| — | TFC | 2.35% | Equity (common) | CN |
| — | Win Semiconductors Corp | 2.26% | Equity (common) | TW |
| — | IQE PLC | 2.18% | Equity (common) | GB |
| — | SOITEC | 2.12% | Equity (common) | FR |
| SMTC | Semtech Corp | 1.65% | Equity (common) | US |
| SITM | SiTime Corp | 1.50% | Equity (common) | US |
| HIMX | Himax Technologies Inc | 1.49% | Equity (common) | TW |
| — | Chroma ATE Inc | 1.46% | Equity (common) | TW |
| — | MPI Corp | 1.45% | Equity (common) | TW |
| — | Sivers Semiconductors AB | 1.28% | Equity (common) | SE |
| — | First American Treasury Obliga | 0.25% | Short-term investment | US |
Geographic Breakdown
Non-Equity Breakdown
Tema Photonics & Optical ETF ·
NPORT-P period 2026-08-31
(filed 2026-10-30)
Net assets:
$85M
· 27 total positions
· equity 97.28%
· non-equity 2.62%
Non-equity holdings
— 2 positions,
2.62% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Other | 2.37% | $2.0M | 1 |
| Short-term investment | 0.25% | $208943 | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 4.34% | -18.58% | 42.22% | -12.82% | -6.35% | -- | 1.76% |
| Feb | -18.58% | -7.88% | 25.35% | -18.15% | -2.07% | -- | -4.27% |
| Mar | -16.09% | 3.03% | -28.37% | -15.45% | 12.53% | 0.00% | -7.39% |
| Apr | -6.88% | -20.50% | -2.43% | -30.00% | -25.10% | -- | -16.98% |
| May | -6.65% | -18.00% | 16.21% | 10.81% | -8.88% | -- | -1.30% |
| Jun | 7.07% | -39.37% | -0.29% | -6.29% | -18.47% | 0.00% | -9.56% |
| Jul | -13.98% | 11.92% | 9.14% | 17.73% | 7.61% | -21.76% | 1.78% |
| Aug | -4.98% | 31.20% | -26.53% | -32.45% | -39.07% | 7.16% | -10.78% |
| Sep | -9.04% | -13.17% | -22.49% | -8.78% | 17.18% | 6.75% | -4.92% |
| Oct | 6.64% | 6.87% | -29.08% | -5.43% | -40.97% | -25.29% | -14.54% |
| Nov | -6.32% | -7.15% | -20.63% | -25.52% | -33.36% | -9.74%* | -17.12% |
| Dec | 7.57% | -37.34% | 36.99% | -36.33% | -78.09% | -- | -21.44% |
| Total | -46.99% | -75.79% | -30.81% | -85.73% | -96.20% | -39.65% | -62.53% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $34.56
SMA 50: $40.34
SMA 200: $19.97
Current: $29.06
EMA 12: $31.88
EMA 26: $35.49
MACD: -3.6071 | Signal: -0.7112
BEARISH
ADX (14): 34.74
TREND
+DI: 19.12
−DI: 46.55
Momentum Oscillators
RSI (14): 34.43
NEUTRAL
Stoch %K: 11.79
Stoch %D: 7.47
Williams %R: -73.27
Volume & Volatility
BB Upper: $42.79
BB Lower: $26.34
NEUTRAL
OBV: 440,927,530
Vol SMA 20: 321,082
Vol ROC: 271.24%
ATR: $2.20
True Range: $2.55
HV 20: 95.1%
HV 30: 85.6%
HV 60: 74.9%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-05-23T00:00:00 – 2026-11-06T00:00:00
AI Analysis
Stock Analysis Report: LAZR (Luminar Technologies, Inc.)
Executive Summary
Overall Assessment: BEARISH | Confidence: 6/10
Luminar Technologies presents a deeply challenged technical and fundamental picture with significant data quality concerns. The stock trades 14.6% below its 20-day moving average in a confirmed downtrend, supported by strongly negative momentum indicators (RSI 39.38, MACD deeply negative at -2.44, Stochastic %K at 13.38 indicating oversold conditions). Most concerning is the unusually high beta reading of 323.80, which appears anomalous and may indicate data integrity issues—this warrants verification with reliable sources before making directional decisions.
Investment Thesis: Luminar faces a combination of technical deterioration, negative news sentiment centered on Q3 2025 earnings disappointment and securities litigation, and fundamental headwinds typical of pre-revenue autonomous vehicle sensor companies during a market skepticism cycle.
Recent News Sentiment Impact: Overwhelmingly negative. The news stream is dominated by class action lawsuit announcements (Sept 2025) and Q3 earnings disappointment (Nov 2025), with minimal positive catalysts in the recent headlines. The absence of Luminar-specific positive news in the latest articles suggests investor sentiment remains under pressure.
Technical Analysis
Trend Direction
| Timeframe | Direction | Conviction | |-----------|-----------|-----------| | Short-term (1-4 weeks) | DOWNTREND | Strong | | Medium-term (1-3 months) | DOWNTREND | Strong | | Long-term (3-12 months) | UPTREND (recovery mode) | Weak |
Justification:
- Current price ($36.33) sits 14.6% below SMA 20 ($41.05) and 14.5% below SMA 50 ($42.50), confirming medium-term downtrend
- EMA 12 ($37.53) crossed below EMA 26 ($39.97), indicating bearish momentum alignment
- However, the long-term SMA 200 ($18.68) is significantly below current price, suggesting the stock has recovered from severely depressed levels or there is potential data discontinuity
Support/Resistance Levels
| Level | Price | Interpretation | |-------|-------|-----------------| | Immediate Resistance | $41.05 | SMA 20 — psychological hurdle | | Secondary Resistance | $42.50 | SMA 50 — medium-term barrier | | Current Price | $36.33 | Testing lower support zone | | Support (Bollinger Lower Band) | $30.83 | Technical floor; -15.2% downside to support | | Major Support (Psychological) | $35.00 | Round number, consolidation zone |
Technical Pattern: Price is testing the lower third of Bollinger Bands, suggesting potential mean reversion bounce, but momentum indicators do not support reversal yet.
Momentum Signals
RSI (14): 39.38 — Neutral to Slightly Weak
- Reading is in neutral zone (30-70) but closer to oversold territory (<30)
- Suggests momentum is fading but not yet in extremis
- Potential for further downside before bounce, or early sign of capitulation if coupled with volume surge
MACD: -2.44 / Signal: -0.72 / Histogram: -1.71 — Bearish
- MACD line deeply negative and below signal line (bearish crossover)
- Histogram remains significantly negative (-1.71), indicating bearish momentum strength
- No bullish crossover signal in sight based on current trajectory
- This is the weakest momentum signal in the dataset
Stochastic Oscillators: %K 13.38 / %D 8.79 — Severely Oversold
- Stochastic %K at 13.38 is in extreme oversold territory (<20)
- %D at 8.79 confirms sustained downward pressure
- Divergence Warning: Oversold readings often precede bounces, but only if supported by positive news or technical reversal signals (not currently present)
Williams %R: -75.29 — Oversold
- Confirms oversold conditions; readings below -80 are extreme
- Aligns with Stochastic reading
- Suggests potential for mean-reversion bounce, but timing uncertain
Bollinger Bands: Neutral, Width 49.79
- Price is in lower portion of bands but not at extreme edges
- Band width indicates moderate volatility compression (not in squeeze)
- Middle band ($41.05) is resistance; lower band ($30.83) is support
- Current position suggests potential squeeze and volatility expansion
Volume Analysis
Volume Metrics:
- Current 20-day SMA Volume: 271,915 shares/day
- Volume Rate of Change: -45.23% — Declining volume trend
- On-Balance Volume (OBV): 440,020,069 (cumulative but difficult to interpret without trend context)
Interpretation:
- Critical Finding: Declining volume rate of change suggests diminishing institutional interest and weak conviction behind the selloff
- Lower volume during downtrend can indicate:
- Reduced selling pressure (potential bounce setup)
- Lack of accumulation by smart money
- Retail or forced liquidation dynamics
- This is a neutral-to-bullish sign for reversal, but only if volume spikes on recovery attempts
News & Sentiment Analysis
Recent Headlines Summary
Themes Identified:
-
Sector-Wide Quantum Computing Weakness (Dec 2025): Headlines 1-3 reference quantum computing stocks (QUBT, D-Wave, Rigetti, IonQ) but Luminar is NOT a quantum computing company—this appears to be data contamination or misclassification. These headlines are not relevant to LAZR's fundamental story.
-
Q3 2025 Earnings Disappointment (Nov 2025): Headline 4 references Q3 2025 earnings call transcript with NEGATIVE sentiment. This is a critical catalyst that preceded the current technical deterioration.
-
Securities Litigation (Sept 2025): Headlines 5-6 announce class action lawsuits against Luminar, with investor deadlines in Sept 2025. This suggests:
- Material loss of shareholder value triggered the litigation
- Potential disclosure issues or missed guidance
- Legal/reputational risk drag on stock
Sentiment Assessment
Aggregate News Sentiment: 83% NEGATIVE, 17% NEUTRAL, 0% POSITIVE
- 5 of 6 headlines are negative (class action suits, earnings miss)
- 1 headline is neutral (generic earnings call transcript)
- Zero positive catalysts in the news feed
- Notable absence of product launches, partnership announcements, or analyst upgrades
Alignment with Price Action: News sentiment is perfectly aligned with technical weakness. The timing of litigation announcements (Sept) and earnings miss (Nov) correlates with downtrend acceleration.
Catalyst Identification
| Catalyst | Timing | Impact | Status | |-----------|--------|--------|--------| | Q3 2025 Earnings Miss | Nov 13, 2025 | NEGATIVE | Occurred; explaining current weakness | | Securities Litigation | Sept 16-17, 2025 | NEGATIVE | Ongoing; settlement/resolution risk | | Q4 2025 Earnings | Likely Jan/Feb 2026 | HIGH UNCERTAINTY | Upcoming; critical test of recovery | | Autonomous Vehicle Adoption Timeline | 2026-2027+ | MEDIUM TERM | Execution risk on commercialization | | Regulatory/OEM Partnerships | Unknown | HIGH UPSIDE IF ACHIEVED | No visibility in current news |
Market Narrative
Current Narrative: Luminar, once a high-flying autonomous vehicle sensor play, is experiencing a "reality check" phase where:
- Revenue/profitability timelines are being pushed out
- Market skepticism on AV adoption is growing
- Legal challenges suggest governance/disclosure concerns
- Stock has retreated from speculative highs into fundamentals-driven pricing
Narrative Conflict: Technical oversold signals suggest reversal potential, but news sentiment offers zero support for near-term bounce. Any recovery would be technical/mean-reversion driven, not catalyst-driven.
Risk & Volatility Assessment
Beta Interpretation: ⚠️ DATA QUALITY RED FLAG
**Reported Beta: 323.80 vs SPY | Correlation: 0.09
Generated
News
All LAZR news →
LAZR Options Activity & IV Rank
Loading options activity...
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 24th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
24%
vs own history
GEX tilt
-0.55
OI-weighted, today
Vanna tilt
-0.64
δ-sensitivity to IV
Charm tilt
+0.58
δ-decay vs time
Vanna tilt -0.64: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +0.58: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 11 ATM contracts, 83k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Dec 23 · ATM 484.8% / Wing —
30 DTE / 10d
—
—
pts
EXTREME
as of Dec 23 · ATM 411.7% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 232.0579
Alpha: 53508.37%
Correlation: 0.0791
R-Squared: 0.6%
Stock Volatility: 39791.3%
Market Volatility: 13.6%
Analysis Details
Benchmark: SPY
Data Points: 134
Period: 252 trading days
Data Points: 134
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
LAZR Institutional Ownership (13F)
Filings for 2026-09-30
? 13F Guide
Diluted shares outstanding: 47,966,775 (as of 2025-09-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
1 filers$520.18K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Belvedere Trading LLC | $520.18K | 100.00% | 2026-09-30 |
1 filers$8.89K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Belvedere Trading LLC | $8.89K | 100.00% | 2026-09-30 |
LAZR Proposed Insider Sales (Form 144)
Latest: 2026-04-06
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
3 filings
· $776 notice value
· 3 unique filers
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Simoncini Matthew (1, $276) · Jepsen Mary Lou (1, $273) · Schiano Dominick (1, $226)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-04-06 | Simoncini Matthew | Director | 14,338 | $276 | 2026-04-06 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-04-02 | Schiano Dominick | Director | 10,305 | $226 | 2026-04-02 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-04-02 | Jepsen Mary Lou | Director | 14,931 | $273 | 2026-04-02 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2024-12-23 | Jun Hong Heng | Director | 72,842 | $385.3K | 2024-12-23 | J.P. Morgan Securities LLC | — | EDGAR |
| 2023-09-06 | Fennimore Thomas | Officer | 18,305 | $101.9K | 2023-09-06 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2023-09-06 | Prescott Alan | Officer | 42,171 | $234.7K | 2023-09-06 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2023-06-08 | Fennimore Thomas | Officer | 4,916 | $35.4K | 2023-06-08 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2023-06-06 | Prescott Alan | Officer | 37,433 | $269.9K | 2023-06-06 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2023-06-06 | Fennimore Thomas | Officer | 11,627 | $83.8K | 2023-06-06 | Fidelity Brokerage Services LLC | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
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SI % of Float
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Days to Cover
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Short Vol Ratio
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Free Float
55.32M
Float %
86.6%
Float 2025-10-17
LAZR Constituent Performance
Click any bar to view the full quote for that stock.
LAZR Constituents (9 of 9)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| LITE | Lumentum Holdings Inc | 16.49% | $594.25 | +10.33% | -13.17% | -40.30% |
| AXTI | AXT Inc | 8.29% | $43.01 | +10.62% | -10.77% | -30.61% |
| AAOI | Applied Optoelectronics Inc | 5.37% | $52.05 | +3.83% | -16.72% | -48.30% |
| COHR | Coherent Corp | 3.52% | $226.19 | +17.31% | +13.12% | -21.47% |
| AEHR | Aehr Test Systems | 3.51% | $59.84 | +11.70% | +16.26% | -23.46% |
| CIEN | Ciena Corp | 2.71% | $268.36 | +10.26% | -5.62% | -33.74% |
| SMTC | Semtech Corp | 1.65% | $115.52 | +11.93% | -5.61% | -31.35% |
| SITM | SiTime Corp | 1.50% | $462.36 | +10.90% | +10.64% | -18.89% |
| HIMX | Himax Technologies Inc | 1.49% | $8.56 | +0.82% | -18.09% | -33.02% |