Gf Fund Management 13F: New $11M Stake in Coherent (COHR)
Key Points
- Gf Fund Management's new buy of 37,466 shares in Coherent Corp. represents a value of $10,783,089.
- The stock recently traded around $221.55, which is about equal to its closing price of $221.50 on the filing date.
- Coherent Corp. has a market cap of about $41.2 billion and is in a sector facing competitive pressures, trading significantly below its 52-week high.
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On October 26, 2026, Gf Fund Management opened a new position in Coherent Corp. (COHR), acquiring 37,466 shares valued at approximately $10.8 million. This information comes from the fund's latest Form 13F filing with the SEC.
COHR
Coherent Corp.
What Changed in Gf Fund Management's Position
Gf Fund Management's new stake in Coherent Corp. marks its entry into the company, as it did not hold any shares before this transaction. The reported value of this new position is $10,783,089, and it represents 0.25% of the fund's total reported 13F value of about $4.25 billion.
Where Coherent Corp. Fits in Gf Fund Management's Portfolio
Coherent Corp. ranks 37 out of 616 positions in Gf Fund Management's portfolio. This new position is relatively small, but it adds to the overall diversity of the fund's holdings.
Other Institutional Activity in Coherent Corp.
E. Ohman J:or Asset Management holds 89,666 shares of Coherent Corp., increasing its position by 84,676 shares recently, valued at about $25.8 million. Capital International Investors also added 1,800,280 shares, bringing its total to 3,600,561 shares worth approximately $797.5 million. Nvidia Corp remains a significant holder with 7,788,161 shares, valued at about $1.7 billion.
Coherent Corp. Stock Up 5.9%
As of October 26, 2026, Coherent Corp. closed at $221.50, which is about equal to its recent trading price of $221.55 on October 27. The stock is currently below its 50-day and 200-day moving averages by 23% and 25%, respectively, and about 49.6% below its 52-week high of $440.00.
Recent Earnings
Coherent Corp. reported trailing twelve-month revenue of $7.1 billion and an EPS of $4.12. The company has shown a year-over-year revenue growth of 33.7% and a net margin of 11.3%. The next earnings report is scheduled for November 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 analysts raised price targets.
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EPS & revenue
EPS missed estimates by 1.1%. Revenue missed estimates by 0.5%.
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Profit surprise
EBITDA missed by 59 percent. Operating income missed by 63 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
3 target raises.
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Earnings quality
Gross margin up 2.4 points. Operating margin down 1.5 points. Positive free cash flow.
Earnings Call Summary
Coherent reported $1.81 billion in revenue for the first quarter, up 19 percent year over year on a pro forma basis. The company is experiencing record orders and exceptionally strong demand across its datacenter and communications businesses, driven by AI data center expansion and optical networking adoption. Management is aggressively ramping indium phosphide laser production capacity at two sites and expects to double capacity over the next year, with six-inch production yields exceeding three-inch lines.
Guidance Management expects second quarter revenue between $1.56 billion and $1.7 billion, with datacom growing 10 percent sequentially from supply improvement. Gross margin is projected between 38 and 40 percent, and EPS between $1.10 and $1.30 per share.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Insider Buying and Selling at Coherent Corp.
Recently, several insiders sold shares of Coherent Corp. Chief Technology Officer Julie Sheridan Eng sold 13,077 shares before October 26, while Director Lisa Neal-Graves sold 2,200 shares at an average price of $268.42 on September 2. These transactions highlight ongoing insider activity as the company navigates its market position.
Analysts Set New Price Targets
On October 26, 2026, StoneX initiated coverage on Coherent Corp. with a Buy rating and a price target of $425.00. Earlier, firms like Rosenblatt and TD Cowen maintained Buy ratings with price targets of $500.00 and $275.00, respectively. The consensus recommendation for Coherent Corp. remains a Buy, with a mean price target of $394.79 based on 24 analyst opinions.
About Coherent Corp.
Coherent Corp. develops and markets lasers and other optical devices, serving various industries worldwide. Its product lineup includes critical components for optical technologies, making it significant in the scientific and technical instruments sector.
Bottom Line
Investors will want to keep an eye on Coherent Corp.'s upcoming earnings report on November 4, 2026, and any further filings from Gf Fund Management to see how the fund adjusts its positions in the future.
Related Filing Alerts
Source: Gf Fund Management's 13F filing on $COHR (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts