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 ($311.9m this quarter). Holder counts are more reliable. Shares outstanding: 7.2bn as of 2024-04-25, 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 ≈ $17.67. Options: 65 managers hold calls ($1.1bn notional), 57 hold puts ($803.1m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,324 |
| Q4 2022 | 2,424 |
| Q1 2023 | 2,404 |
| Q2 2023 | 2,405 |
| Q3 2023 | 2,298 |
| Q4 2023 | 2,452 |
| Q1 2024 | 2,418 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 1,131 | 1,121 |
| Q1 2023 | 1,203 | 1,067 |
| Q2 2023 | 1,075 | 1,258 |
| Q3 2023 | 914 | 1,377 |
| Q4 2023 | 920 | 1,311 |
| Q1 2024 | 1,101 | 1,204 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $870.7m | $725.1m | 0.83 |
| Q3 2023 | $1.1bn | $766.6m | 0.70 |
| Q4 2023 | $1.4bn | $1.0bn | 0.76 |
| Q1 2024 | $1.1bn | $803.1m | 0.76 |
Biggest buyers
| MORGAN STANLEY | Added | +95.9m |
| Pacer Advisors, Inc. | Added | +24.8m |
| Point72 Asset Management, L.P. | Added | +15.3m |
| Nuveen Asset Management, LLC | Added | +13.7m |
| SG Americas Securities, LLC | Added | +9.0m |
| BANK OF AMERICA CORP /DE/ | Added | +8.9m |
| BARCLAYS PLC | Added | +8.5m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +7.4m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +5.8m |
| STATE STREET CORP | Added | +5.3m |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -31.0m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -9.7m |
| Balyasny Asset Management L.P. | Reduced | -8.0m |
| NEUBERGER BERMAN GROUP LLC | Reduced | -7.7m |
| TWO SIGMA ADVISERS, LP | Reduced | -6.7m |
| Man Group plc | Reduced | -5.5m |
| JPMORGAN CHASE & CO | Reduced | -5.5m |
| D. E. Shaw & Co., Inc. | Reduced | -3.6m |
| NORTHERN TRUST CORP | Reduced | -3.5m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -3.1m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $249.7m14.2m shares |
| CITADEL ADVISORS LLC | Added | $132.3m7.5m shares |
| Twin Tree Management, LP | Reduced | $128.2m7.3m shares |
| SIMPLEX TRADING, LLC | Reduced | $56.1m3.2m shares |
| Parallax Volatility Advisers, L.P. | Reduced | $55.1m3.1m shares |
| Point72 Asset Management, L.P. | New | $48.7m2.8m shares |
| D. E. Shaw & Co., Inc. | Added | $35.0m2.0m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $33.8m1.9m shares |
| JPMORGAN CHASE & CO | Reduced | $27.4m1.6m shares |
| Squarepoint Ops LLC | Added | $25.0m1.4m shares |
Biggest puts
| Twin Tree Management, LP | Reduced | $183.3m10.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $138.0m7.8m shares |
| D. E. Shaw & Co., Inc. | Reduced | $70.5m4.0m shares |
| CITADEL ADVISORS LLC | Reduced | $46.0m2.6m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $33.8m1.9m shares |
| SIMPLEX TRADING, LLC | Reduced | $25.0m1.4m shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $21.5m1.2m shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $19.9m11.3k shares |
| Squarepoint Ops LLC | Reduced | $19.9m1.1m shares |
| JANE STREET GROUP, LLC | Reduced | $17.0m966.0k 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 Q1 2024
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 |
|---|---|---|---|---|---|
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 1 | $971.9k | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.22% of their portfolio | 625.0m $11.0bn | Added +2.6m |
| BlackRock Inc. 0.22% of their portfolio | 533.1m $9.4bn | Reduced -495.8k |
| STATE STREET CORP 0.24% of their portfolio | 311.1m $5.5bn | Added +5.3m |
| MORGAN STANLEY 0.12% of their portfolio | 264.9m $4.7bn | Added +95.9m |
| Newport Trust Company, LLC 9.56% of their portfolio | 199.8m $3.5bn | Added +552.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.25% of their portfolio | 152.6m $2.7bn | Added +7.4m |
| Bank of New York Mellon Corp 0.26% of their portfolio | 75.5m $1.3bn | Added +4.0m |
| NORGES BANK 0.19% of their portfolio | 69.5m $1.2bn | Added +2.8m |
| NORTHERN TRUST CORP 0.21% of their portfolio | 68.3m $1.2bn | Reduced -3.5m |
| BANK OF AMERICA CORP /DE/ 0.11% of their portfolio | 63.0m $1.1bn | Added +8.9m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.99% of their portfolio | 60.8m $1.1bn | Added +5.8m |
| FMR LLC 0.07% of their portfolio | 60.0m $1.1bn | Reduced -526.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.21% of their portfolio | 51.8m $912.0m | Added +1.2m |
| JPMORGAN CHASE & CO 0.04% of their portfolio | 51.3m $902.1m | Reduced -5.5m |
| GOLDMAN SACHS GROUP INC 0.19% of their portfolio | 50.7m $891.5m | Reduced -2.1m |
| AMERIPRISE FINANCIAL INC 0.24% of their portfolio | 50.6m $890.1m | Reduced -1.8m |
| Legal & General Group Plc 0.25% of their portfolio | 48.4m $851.3m | Reduced -940.7k |
| DIMENSIONAL FUND ADVISORS LP 0.22% of their portfolio | 46.9m $825.5m | Reduced -476.3k |
| Nuveen Asset Management, LLC 0.21% of their portfolio | 40.7m $716.5m | Added +13.7m |
| ROYAL BANK OF CANADA 0.16% of their portfolio | 38.5m $676.9m | Reduced -882.8k |
| California Public Employees Retirement System 0.42% of their portfolio | 34.0m $598.8m | Reduced -259.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.20% of their portfolio | 32.5m $571.9m | Added +745.9k |
| LSV ASSET MANAGEMENT 1.08% of their portfolio | 29.8m $524.1m | Added +333.8k |
| Invesco Ltd. 0.11% of their portfolio | 28.9m $509.2m | Reduced -446.4k |
| Amundi 0.20% of their portfolio | 28.2m $464.6m | Added +74.9k |
| Pacer Advisors, Inc. 1.11% of their portfolio | 27.4m $482.9m | Added +24.8m |
| BARCLAYS PLC 0.20% of their portfolio | 25.7m $451.9m | Added +8.5m |
| Point72 Asset Management, L.P. 1.25% of their portfolio | 24.4m $429.0m | Added +15.3m |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.38% of their portfolio | 24.2m $425.3m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 23.4m $411.6m | Reduced -3.0m |
| DEUTSCHE BANK AG\ 0.18% of their portfolio | 21.9m $384.6m | Added +3.1m |
| Swiss National Bank 0.26% of their portfolio | 21.4m $376.9m | Reduced -942.1k |
| THORNBURG INVESTMENT MANAGEMENT INC 5.03% of their portfolio | 20.5m $360.4m | Added +1.6m |
| UBS Group AG 0.12% of their portfolio | 20.4m $359.1m | Added +4.3m |
| MILLENNIUM MANAGEMENT LLC 0.30% of their portfolio | 20.1m $354.5m | Reduced -2.5m |
| CITADEL ADVISORS LLC 0.34% of their portfolio | 19.8m $348.1m | Reduced -31.0m |
| FEDERATED HERMES, INC. 0.75% of their portfolio | 18.5m $326.4m | Added +217.4k |
| STATE OF MICHIGAN RETIREMENT SYSTEM 1.74% of their portfolio | 18.4m $324.0m | Added +1.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.21% of their portfolio | 17.3m $304.5m | Reduced -97.2k |
| HSBC HOLDINGS PLC 0.21% of their portfolio | 17.1m $300.2m | Added +4.3m |
| WELLS FARGO & COMPANY/MN 0.08% of their portfolio | 16.5m $290.0m | Added +784.5k |
| BANK OF MONTREAL /CAN/ 0.16% of their portfolio | 16.1m $519.5m | Reduced -983.8k |
| AQR CAPITAL MANAGEMENT LLC 0.46% of their portfolio | 15.3m $267.9m | Added +2.0m |
| Robeco Institutional Asset Management B.V. 0.57% of their portfolio | 15.0m $264.5m | Reduced -1.6m |
| Caisse de depot et placement du Quebec 0.63% of their portfolio | 14.8m $261.2m | Reduced -2.6m |
| RHUMBLINE ADVISERS 0.25% of their portfolio | 14.8m $260.4m | Added +617.6k |
| National Pension Service 0.28% of their portfolio | 13.4m $236.3m | Added +138.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.08% of their portfolio | 12.7m $222.9m | Added +2.0m |
| NORDEA INVESTMENT MANAGEMENT AB 0.26% of their portfolio | 12.3m $216.5m | Reduced -215.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.21% of their portfolio | 12.2m $214.2m | Added +18.3k |
| RAYMOND JAMES & ASSOCIATES 0.14% of their portfolio | 12.1m $212.4m | Added +587.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.26% of their portfolio | 11.7m $206.0m | Added +79.9k |
| PRUDENTIAL FINANCIAL INC 0.28% of their portfolio | 11.3m $198.3m | Reduced -2.3m |
| Kodai Capital Management LP 4.46% of their portfolio | 10.8m $190.8m | Added +1.8m |
| SG Americas Securities, LLC 0.91% of their portfolio | 10.2m $178.7m | Added +9.0m |
| NEW YORK STATE COMMON RETIREMENT FUND 0.22% of their portfolio | 9.7m $170.1m | Reduced -248.9k |
| AustralianSuper Pty Ltd 0.96% of their portfolio | 9.4m $164.8m | Added +1.5m |
| ALLIANCEBERNSTEIN L.P. 0.06% of their portfolio | 9.4m $165.3m | Added +459.1k |
| CREDIT SUISSE AG/ 0.15% of their portfolio | 9.1m $160.5m | Reduced -520.5k |
| LPL Financial LLC 0.08% of their portfolio | 8.9m $156.0m | Added +203.0k |
| EQUITY INVESTMENT CORP 3.86% of their portfolio | 8.8m $154.5m | Added +801.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.21% of their portfolio | 8.5m $150.0m | Added +1.4m |
| Russell Investments Group, Ltd. 0.23% of their portfolio | 8.4m $148.1m | Added +816.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.37% of their portfolio | 8.3m $159.2m | Added +278.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.08% of their portfolio | 8.0m $141.2m | Added +52.9k |
| Rockefeller Capital Management L.P. 0.40% of their portfolio | 7.8m $137.9m | Added +962.9k |
| Cullen Capital Management, LLC 1.50% of their portfolio | 7.7m $134.8m | Added +3.3m |
| Brandywine Global Investment Management, LLC 0.97% of their portfolio | 7.7m $134.8m | Added +1.6m |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.28% of their portfolio | 7.6m $134.6m | Added +332.6k |
| CITIGROUP INC 0.14% of their portfolio | 7.3m $128.6m | Added +676.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.11% of their portfolio | 7.0m $123.5m | Reduced -599.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.23% of their portfolio | 6.9m $121.7m | Reduced -32.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.15% of their portfolio | 6.8m $120.4m | Added +135.5k |
| BANK OF NOVA SCOTIA 0.24% of their portfolio | 6.8m $120.0m | Added +1.8m |
| CANADA LIFE ASSURANCE Co 0.24% of their portfolio | 6.8m $119.6m | Reduced -77.7k |
| Sessa Capital IM, L.P. 4.40% of their portfolio | 6.4m $113.0m | Unchanged |
| Ensign Peak Advisors, Inc 0.20% of their portfolio | 6.4m $112.2m | Reduced -1.1m |
| Mitsubishi UFJ Trust & Banking Corp 0.24% of their portfolio | 6.0m $106.1m | Reduced -494.8k |
| CI INVESTMENTS INC. 0.42% of their portfolio | 6.0m $105.4m | Reduced -126.1k |
| COMMERZBANK AKTIENGESELLSCHAFT /FI 3.49% of their portfolio | 6.0m $105.1m | Added +91.9k |
| NATIONAL BANK OF CANADA /FI/ 0.18% of their portfolio | 5.9m $101.3m | Added +2.6m |
| Allianz Asset Management GmbH 0.17% of their portfolio | 5.8m $101.6m | Added +1.2m |
| AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio | 5.8m $101.4m | Added +591.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.15% of their portfolio | 5.8m $101.3m | Reduced -9.7m |
| TD Asset Management Inc 0.09% of their portfolio | 5.7m $100.1m | Reduced -311.5k |
| Palestra Capital Management LLC 3.68% of their portfolio | 5.5m $95.9m | Added +3.0m |
| STOREBRAND ASSET MANAGEMENT AS 0.32% of their portfolio | 5.4m $94.3m | Added +404.7k |
| TRUIST FINANCIAL CORP 0.14% of their portfolio | 5.2m $92.0m | Added +2.1m |
| RENAISSANCE TECHNOLOGIES LLC 0.14% of their portfolio | 5.1m $90.5m | Added +3.9m |
| Drexel Morgan & Co. 18.55% of their portfolio | 5.1m $90.1m | Unchanged |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 4.9m $86.0m | Added +2.4m |
| TORONTO DOMINION BANK 0.13% of their portfolio | 4.8m $84.2m | Reduced -196.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.22% of their portfolio | 4.7m $82.4m | Added +286.3k |
| Empower Advisory Group, LLC 0.29% of their portfolio | 4.4m $77.6m | Added +127.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.34% of their portfolio | 4.4m $76.9m | Reduced -294.9k |
| APG Asset Management N.V. 0.12% of their portfolio | 4.3m $70.5m | Reduced -2.3m |
| LETKO, BROSSEAU & ASSOCIATES INC 1.32% of their portfolio | 4.3m $76.1m | Added +878.7k |
| Mariner, LLC 0.16% of their portfolio | 4.3m $75.5m | Added +278.7k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.12% of their portfolio | 4.2m $74.3m | Reduced -29.0k |
| MACQUARIE GROUP LTD 0.08% of their portfolio | 4.2m $73.7m | Added +1.5m |