AT&T INC T
COM · Common Stock · CUSIP 00206R102 · ISIN US00206R1023
American multinational conglomerate
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($281.3m this quarter). Holder counts are more reliable. Shares outstanding: 7.1bn as of 2023-02-08, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $18.45. Options: 65 managers hold calls ($2.0bn notional), 59 hold puts ($1.3bn).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,324 |
| Q4 2022 | 2,424 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $1.3bn | $1.0bn | 0.82 |
| Q4 2022 | $2.0bn | $1.3bn | 0.61 |
Biggest buyers
| MORGAN STANLEY | Added | +29.8m |
| BlackRock Inc. | Added | +26.0m |
| Bank of New York Mellon Corp | Added | +10.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +8.7m |
| Allianz Asset Management GmbH | Added | +6.6m |
| VANGUARD GROUP INC | Added | +6.4m |
| AQR CAPITAL MANAGEMENT LLC | Added | +5.7m |
| ROYAL BANK OF CANADA | Added | +5.3m |
| STATE STREET CORP | Added | +4.8m |
| LAZARD ASSET MANAGEMENT LLC | Added | +4.7m |
Biggest sellers
| MARSHALL WACE, LLP | Reduced | -10.7m |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -9.9m |
| Newport Trust Company, LLC | Reduced | -7.8m |
| NEUBERGER BERMAN GROUP LLC | Reduced | -6.8m |
| Caisse de depot et placement du Quebec | Reduced | -6.3m |
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -5.8m |
| SHAPIRO CAPITAL MANAGEMENT LLC | Sold out | -3.9m |
| D. E. Shaw & Co., Inc. | Reduced | -3.7m |
| DEUTSCHE BANK AG\ | Reduced | -3.5m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -3.4m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $437.8m23.8m shares |
| CITADEL ADVISORS LLC | Added | $254.7m13.8m shares |
| Parallax Volatility Advisers, L.P. | Added | $157.1m8.5m shares |
| GOLDMAN SACHS GROUP INC | Added | $126.6m6.9m shares |
| Twin Tree Management, LP | Reduced | $112.0m6.1m shares |
| SIMPLEX TRADING, LLC | Added | $107.4m7.0m shares |
| BARCLAYS PLC | First filing | $100.7m5.5m shares |
| NOMURA HOLDINGS INC | Added | $80.5m4.0m shares |
| JANE STREET GROUP, LLC | Reduced | $67.3m3.7m shares |
| MILLENNIUM MANAGEMENT LLC | New | $63.7m3.4m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $263.1m14.3m shares |
| CITADEL ADVISORS LLC | Added | $217.6m11.8m shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $82.4m44.8k shares |
| JANE STREET GROUP, LLC | Added | $80.6m4.4m shares |
| SIMPLEX TRADING, LLC | Added | $77.5m4.8m shares |
| D. E. Shaw & Co., Inc. | Added | $71.6m3.9m shares |
| Parallax Volatility Advisers, L.P. | Added | $56.2m3.1m shares |
| GOLDMAN SACHS GROUP INC | Added | $46.0m2.5m shares |
| JPMORGAN CHASE & CO | Added | $44.0m2.4m shares |
| BARCLAYS PLC | First filing | $35.0m1.9m shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2022
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 1 | $2.5m | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
None reported in Q4 2022.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.30% of their portfolio | 606.9m $11.2bn | Added +6.4m |
| BlackRock Inc. 0.30% of their portfolio | 521.1m $9.6bn | Added +26.0m |
| STATE STREET CORP 0.31% of their portfolio | 285.7m $5.3bn | Added +4.8m |
| Newport Trust Company, LLC 9.98% of their portfolio | 195.3m $3.6bn | Reduced -7.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.35% of their portfolio | 133.9m $2.5bn | Added +163.6k |
| MORGAN STANLEY 0.23% of their portfolio | 109.6m $2.0bn | Added +29.8m |
| NORTHERN TRUST CORP 0.30% of their portfolio | 77.1m $1.4bn | Added +1.4m |
| Bank of New York Mellon Corp 0.28% of their portfolio | 67.5m $1.2bn | Added +10.9m |
| NORGES BANK 0.30% of their portfolio | 66.8m $1.2bn | Reduced -2.6m |
| BANK OF AMERICA CORP /DE/ 0.12% of their portfolio | 52.4m $965.2m | Added +1.6m |
| DIMENSIONAL FUND ADVISORS LP 0.34% of their portfolio | 52.0m $956.9m | Reduced -1.4m |
| Legal & General Group Plc 0.36% of their portfolio | 51.5m $947.5m | Reduced -1.7m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.30% of their portfolio | 50.5m $930.4m | Added +1.9m |
| GOLDMAN SACHS GROUP INC 0.22% of their portfolio | 41.4m $762.2m | Added +857.0k |
| ROYAL BANK OF CANADA 0.23% of their portfolio | 41.0m $754.9m | Added +5.3m |
| Nuveen Asset Management, LLC 0.27% of their portfolio | 37.6m $692.8m | Reduced -368.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.32% of their portfolio | 33.3m $613.8m | Added +2.1m |
| DEUTSCHE BANK AG\ 0.32% of their portfolio | 29.9m $550.7m | Reduced -3.5m |
| Invesco Ltd. 0.16% of their portfolio | 29.2m $536.7m | Reduced -3.3m |
| Swiss National Bank 0.38% of their portfolio | 29.0m $533.2m | Reduced -2.1m |
| California Public Employees Retirement System 0.44% of their portfolio | 27.8m $511.6m | Reduced -645.5k |
| LSV ASSET MANAGEMENT 1.11% of their portfolio | 27.3m $501.8m | Added +1.6m |
| FMR LLC 0.05% of their portfolio | 27.2m $500.5m | Added +606.8k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.47% of their portfolio | 24.2m $444.9m | Unchanged |
| Caisse de depot et placement du Quebec 1.28% of their portfolio | 22.6m $416.4m | Reduced -6.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.07% of their portfolio | 22.1m $406.5m | Added +8.7m |
| FEDERATED HERMES, INC. 1.10% of their portfolio | 21.5m $396.3m | Added +1.7m |
| Amundi 0.23% of their portfolio | 21.4m $411.5m | Reduced -2.7m |
| Capital World Investors 0.08% of their portfolio | 20.8m $382.4m | Added +1.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.30% of their portfolio | 20.4m $376.3m | Reduced -254.9k |
| WELLS FARGO & COMPANY/MN 0.12% of their portfolio | 20.2m $371.3m | Reduced -552.6k |
| UBS Group AG 0.17% of their portfolio | 19.6m $361.1m | Reduced -3.1m |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 18.9m $348.3m | Added +2.6m |
| AMERIPRISE FINANCIAL INC 0.12% of their portfolio | 18.5m $341.3m | Added +1.2m |
| AQR CAPITAL MANAGEMENT LLC 0.76% of their portfolio | 18.2m $333.6m | Added +5.7m |
| STATE OF MICHIGAN RETIREMENT SYSTEM 2.31% of their portfolio | 18.0m $331.7m | Reduced -20.2k |
| Robeco Institutional Asset Management B.V. 0.87% of their portfolio | 16.4m $302.7m | Added +2.7m |
| BARCLAYS PLC 0.26% of their portfolio | 16.4m $301.8m | First filing |
| RHUMBLINE ADVISERS 0.35% of their portfolio | 14.1m $259.3m | Added +375.5k |
| NORDEA INVESTMENT MANAGEMENT AB 0.40% of their portfolio | 14.0m $256.6m | Reduced -2.6m |
| Allianz Asset Management GmbH 0.55% of their portfolio | 13.4m $246.6m | Added +6.6m |
| PRUDENTIAL FINANCIAL INC 0.41% of their portfolio | 13.3m $244.1m | Added +713.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.32% of their portfolio | 12.7m $234.1m | Added +148.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.36% of their portfolio | 12.4m $227.5m | Added +135.3k |
| HSBC HOLDINGS PLC 0.28% of their portfolio | 12.2m $224.0m | Added +2.3m |
| RAYMOND JAMES & ASSOCIATES 0.19% of their portfolio | 11.5m $212.2m | Added +703.3k |
| National Pension Service 0.41% of their portfolio | 11.2m $207.0m | Added +264.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 11.2m $206.4m | Reduced -1.3m |
| CREDIT SUISSE AG/ 0.22% of their portfolio | 11.2m $205.8m | Added +760.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.24% of their portfolio | 11.1m $204.2m | Reduced -156.2k |
| BANK OF MONTREAL /CAN/ 0.17% of their portfolio | 10.9m $352.2m | Reduced -3.0m |
| ALLIANCEBERNSTEIN L.P. 0.09% of their portfolio | 10.9m $200.4m | Added +1.4m |
| Sessa Capital IM, L.P. 11.85% of their portfolio | 10.5m $192.7m | Unchanged |
| D. E. Shaw & Co., Inc. 0.32% of their portfolio | 10.3m $189.5m | Reduced -3.7m |
| Ensign Peak Advisors, Inc 0.42% of their portfolio | 10.2m $187.1m | Added +954.0k |
| Brandywine Global Investment Management, LLC 1.38% of their portfolio | 9.6m $176.4m | Added +3.7m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.34% of their portfolio | 9.4m $173.3m | Reduced -1.8m |
| ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio | 9.0m $165.6m | Added +431.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.26% of their portfolio | 8.7m $161.1m | Added +3.9m |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.39% of their portfolio | 8.6m $158.2m | Added +90.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.37% of their portfolio | 8.2m $151.7m | Reduced -140.3k |
| CITIGROUP INC 0.21% of their portfolio | 8.2m $150.5m | Reduced -313.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.11% of their portfolio | 8.2m $150.4m | Reduced -207.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.17% of their portfolio | 8.1m $149.9m | Added +961.9k |
| CANADA LIFE ASSURANCE Co 0.39% of their portfolio | 8.0m $147.6m | Reduced -20.1k |
| CI INVESTMENTS INC. 0.72% of their portfolio | 7.7m $141.4m | Added +467.5k |
| LPL Financial LLC 0.12% of their portfolio | 7.5m $137.5m | Added +349.9k |
| TD Asset Management Inc 0.17% of their portfolio | 7.4m $135.3m | Added +1.6m |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.32% of their portfolio | 7.2m $133.5m | Reduced -11.1k |
| Mitsubishi UFJ Trust & Banking Corp 0.33% of their portfolio | 6.9m $126.9m | Added +1.2m |
| EQUITY INVESTMENT CORP 4.26% of their portfolio | 6.9m $126.8m | Added +383.4k |
| CAPTRUST FINANCIAL ADVISORS 0.63% of their portfolio | 6.8m $126.0m | Added +424.6k |
| Drexel Morgan & Co. 25.04% of their portfolio | 6.6m $121.8m | Added +1.8m |
| WESTWOOD HOLDINGS GROUP INC 1.05% of their portfolio | 6.5m $119.5m | Reduced -544.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.07% of their portfolio | 6.2m $113.7m | Reduced -41.4k |
| Balyasny Asset Management L.P. 0.38% of their portfolio | 5.9m $108.1m | Added +4.2m |
| CITADEL ADVISORS LLC 0.12% of their portfolio | 5.8m $106.2m | Added +2.0m |
| STIFEL FINANCIAL CORP 0.16% of their portfolio | 5.8m $106.1m | Added +50.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.26% of their portfolio | 5.6m $103.4m | Added +2.3m |
| NATIXIS 0.60% of their portfolio | 5.6m $102.4m | Added +2.7m |
| Epoch Investment Partners, Inc. 0.59% of their portfolio | 5.4m $99.0m | Added +113.6k |
| LAZARD ASSET MANAGEMENT LLC 0.14% of their portfolio | 5.3m $98.4m | Added +4.7m |
| Cullen Capital Management, LLC 1.22% of their portfolio | 5.2m $95.1m | Reduced -1.1m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.26% of their portfolio | 5.1m $95.9m | Added +572.1k |
| OSAIC HOLDINGS, INC. 0.19% of their portfolio | 5.0m $93.0m | Added +299.1k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.22% of their portfolio | 5.0m $91.5m | Reduced -30.2k |
| HighTower Advisors, LLC 0.21% of their portfolio | 4.9m $91.0m | Added +1.3m |
| FRANKLIN RESOURCES INC 0.05% of their portfolio | 4.9m $90.9m | Added +855.4k |
| PNC Financial Services Group, Inc. 0.09% of their portfolio | 4.9m $90.2m | Reduced -98.2k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.38% of their portfolio | 4.7m $87.3m | Added +95.7k |
| APG Asset Management N.V. 0.16% of their portfolio | 4.6m $84.7m | Added +2.4m |
| Russell Investments Group, Ltd. 0.17% of their portfolio | 4.6m $84.0m | Added +109.4k |
| Allspring Global Investments Holdings, LLC 0.14% of their portfolio | 4.4m $80.3m | Reduced -341.7k |
| STOREBRAND ASSET MANAGEMENT AS 0.44% of their portfolio | 4.3m $80.0m | Added +121.3k |
| Korea Investment CORP 0.25% of their portfolio | 4.3m $79.4m | Added +300.9k |
| LETKO, BROSSEAU & ASSOCIATES INC 1.41% of their portfolio | 4.3m $78.5m | Added +9.6k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.61% of their portfolio | 4.2m $78.1m | Reduced -285.0k |
| MACQUARIE GROUP LTD 0.09% of their portfolio | 4.2m $78.1m | Reduced -204.7k |
| AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio | 4.2m $77.4m | Added +154.5k |
| State of New Jersey Common Pension Fund D 0.29% of their portfolio | 4.2m $77.3m | Unchanged |