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 ($325.0m this quarter). Holder counts are more reliable. Shares outstanding: 7.2bn as of 2024-07-18, 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 ≈ $19.09. Options: 60 managers hold calls ($1.2bn notional), 53 hold puts ($731.1m).
Trends to Q2 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 |
| Q2 2024 | 2,401 |
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 |
| Q2 2024 | 1,057 | 1,206 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $1.1bn | $766.6m | 0.70 |
| Q4 2023 | $1.4bn | $1.0bn | 0.76 |
| Q1 2024 | $1.1bn | $803.1m | 0.76 |
| Q2 2024 | $1.2bn | $731.1m | 0.61 |
Biggest buyers
| Capital World Investors | New | +41.7m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +14.7m |
| MERCER GLOBAL ADVISORS INC /ADV | Added | +13.2m |
| STATE STREET CORP | Added | +11.0m |
| Contour Asset Management LLC | New | +11.0m |
| Pale Fire Capital SE | New | +10.5m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +9.8m |
| BNP PARIBAS FINANCIAL MARKETS | Added | +7.6m |
| CITADEL ADVISORS LLC | Added | +7.4m |
| AQR CAPITAL MANAGEMENT LLC | Added | +6.6m |
Biggest sellers
| MORGAN STANLEY | Reduced | -176.4m |
| Point72 Asset Management, L.P. | Reduced | -20.8m |
| California Public Employees Retirement System | Reduced | -11.0m |
| SG Americas Securities, LLC | Reduced | -9.2m |
| BARCLAYS PLC | Reduced | -8.1m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -6.5m |
| BlackRock Inc. | Reduced | -6.0m |
| FEDERATED HERMES, INC. | Reduced | -4.0m |
| Connor, Clark & Lunn Investment Management Ltd. | Sold out | -3.0m |
| Zimmer Partners, LP | Reduced | -2.7m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $295.0m15.4m shares |
| CITADEL ADVISORS LLC | Added | $239.4m12.5m shares |
| Twin Tree Management, LP | Reduced | $99.7m5.2m shares |
| SIMPLEX TRADING, LLC | Added | $88.2m4.6m shares |
| BARCLAYS PLC | Added | $47.3m2.5m shares |
| D. E. Shaw & Co., Inc. | Added | $40.6m2.1m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $39.6m2.1m shares |
| Parallax Volatility Advisers, L.P. | Reduced | $34.2m1.8m shares |
| IMC-Chicago, LLC | Added | $32.3m1.7m shares |
| HSBC HOLDINGS PLC | Added | $28.6m1.5m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $132.7m6.9m shares |
| CITADEL ADVISORS LLC | Added | $68.2m3.6m shares |
| D. E. Shaw & Co., Inc. | Reduced | $44.3m2.3m shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $39.0m20.4k shares |
| SIMPLEX TRADING, LLC | Added | $37.2m1.9m shares |
| Qube Research & Technologies Ltd | Added | $35.8m1.9m shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $35.2m1.8m shares |
| Twin Tree Management, LP | Reduced | $33.5m1.8m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $29.5m1.5m shares |
| Squarepoint Ops LLC | Added | $25.9m1.4m 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.23% of their portfolio | 629.7m $12.0bn | Added +4.7m |
| BlackRock Inc. 0.23% of their portfolio | 527.1m $10.1bn | Reduced -6.0m |
| STATE STREET CORP 0.27% of their portfolio | 322.1m $6.2bn | Added +11.0m |
| Newport Trust Company, LLC 9.50% of their portfolio | 198.0m $3.8bn | Reduced -1.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.26% of their portfolio | 157.5m $3.0bn | Added +4.9m |
| MORGAN STANLEY 0.13% of their portfolio | 88.5m $1.7bn | Reduced -176.4m |
| Bank of New York Mellon Corp 0.29% of their portfolio | 81.1m $1.5bn | Added +5.6m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 1.27% of their portfolio | 75.5m $1.4bn | Added +14.7m |
| NORGES BANK 0.21% of their portfolio | 71.8m $1.4bn | Added +2.4m |
| NORTHERN TRUST CORP 0.22% of their portfolio | 68.3m $1.3bn | Reduced -39.9k |
| BANK OF AMERICA CORP /DE/ 0.11% of their portfolio | 62.1m $1.2bn | Reduced -822.1k |
| FMR LLC 0.07% of their portfolio | 59.8m $1.1bn | Reduced -172.0k |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 55.2m $1.1bn | Added +3.9m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.19% of their portfolio | 52.7m $1.0bn | Added +859.8k |
| GOLDMAN SACHS GROUP INC 0.20% of their portfolio | 52.4m $1.0bn | Added +1.7m |
| AMERIPRISE FINANCIAL INC 0.27% of their portfolio | 51.6m $985.3m | Added +1.0m |
| Legal & General Group Plc 0.26% of their portfolio | 47.9m $916.1m | Reduced -431.1k |
| DIMENSIONAL FUND ADVISORS LP 0.23% of their portfolio | 46.4m $886.9m | Reduced -484.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.23% of their portfolio | 42.3m $808.8m | Added +9.8m |
| Capital World Investors 0.13% of their portfolio | 41.7m $797.1m | New |
| Nuveen Asset Management, LLC 0.23% of their portfolio | 41.5m $792.4m | Added +753.4k |
| ROYAL BANK OF CANADA 0.18% of their portfolio | 40.1m $766.3m | Added +1.6m |
| Amundi 0.24% of their portfolio | 33.5m $626.6m | Added +5.3m |
| LSV ASSET MANAGEMENT 1.26% of their portfolio | 30.1m $575.1m | Added +315.6k |
| Invesco Ltd. 0.12% of their portfolio | 29.4m $561.2m | Added +432.0k |
| Pacer Advisors, Inc. 1.23% of their portfolio | 28.1m $537.3m | Added +675.1k |
| CITADEL ADVISORS LLC 0.51% of their portfolio | 27.1m $518.6m | Added +7.4m |
| THORNBURG INVESTMENT MANAGEMENT INC 6.72% of their portfolio | 25.0m $477.5m | Added +4.5m |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.42% of their portfolio | 24.2m $461.8m | Unchanged |
| UBS Group AG 0.14% of their portfolio | 24.1m $459.8m | Added +3.7m |
| California Public Employees Retirement System 0.32% of their portfolio | 23.0m $439.2m | Reduced -11.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 22.8m $436.6m | Reduced -538.1k |
| AQR CAPITAL MANAGEMENT LLC 0.64% of their portfolio | 21.9m $414.6m | Added +6.6m |
| Swiss National Bank 0.28% of their portfolio | 21.2m $404.7m | Reduced -234.8k |
| DEUTSCHE BANK AG\ 0.18% of their portfolio | 20.6m $394.1m | Reduced -1.2m |
| STATE OF MICHIGAN RETIREMENT SYSTEM 1.97% of their portfolio | 20.1m $383.6m | Added +1.7m |
| BARCLAYS PLC 0.15% of their portfolio | 17.6m $335.5m | Reduced -8.1m |
| HSBC HOLDINGS PLC 0.21% of their portfolio | 17.2m $329.0m | Added +175.3k |
| BANK OF MONTREAL /CAN/ 0.16% of their portfolio | 16.8m $540.2m | Added +640.9k |
| WELLS FARGO & COMPANY/MN 0.08% of their portfolio | 16.3m $310.9m | Reduced -205.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.23% of their portfolio | 16.0m $306.0m | Reduced -1.3m |
| FEDERATED HERMES, INC. 0.66% of their portfolio | 14.6m $278.1m | Reduced -4.0m |
| RHUMBLINE ADVISERS 0.26% of their portfolio | 14.5m $278.0m | Reduced -247.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.30% of their portfolio | 14.4m $275.7m | Added +7.6m |
| MERCER GLOBAL ADVISORS INC /ADV 0.05% of their portfolio | 14.2m $18.5m | Added +13.2m |
| Caisse de depot et placement du Quebec 0.65% of their portfolio | 13.9m $266.3m | Reduced -905.7k |
| MILLENNIUM MANAGEMENT LLC 0.22% of their portfolio | 13.7m $261.3m | Reduced -6.5m |
| National Pension Service 0.30% of their portfolio | 13.6m $260.2m | Added +190.3k |
| Robeco Institutional Asset Management B.V. 0.56% of their portfolio | 13.6m $260.0m | Reduced -1.4m |
| ALLIANCEBERNSTEIN L.P. 0.08% of their portfolio | 12.5m $239.0m | Added +3.1m |
| VOYA INVESTMENT MANAGEMENT LLC 0.23% of their portfolio | 12.4m $237.1m | Added +238.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.08% of their portfolio | 12.3m $235.0m | Reduced -367.3k |
| RAYMOND JAMES & ASSOCIATES 0.15% of their portfolio | 12.0m $229.5m | Reduced -59.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.28% of their portfolio | 11.8m $225.6m | Added +98.7k |
| Kodai Capital Management LP 4.08% of their portfolio | 11.2m $214.5m | Added +384.1k |
| Contour Asset Management LLC 7.08% of their portfolio | 11.0m $209.6m | New |
| Pale Fire Capital SE 22.59% of their portfolio | 10.5m $200.3m | New |
| PRUDENTIAL FINANCIAL INC 0.29% of their portfolio | 10.2m $195.5m | Reduced -1.0m |
| Brandywine Global Investment Management, LLC 1.43% of their portfolio | 10.0m $191.8m | Added +2.4m |
| NORDEA INVESTMENT MANAGEMENT AB 0.22% of their portfolio | 9.9m $188.9m | Reduced -2.4m |
| NEW YORK STATE COMMON RETIREMENT FUND 0.24% of their portfolio | 9.6m $182.9m | Reduced -90.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.22% of their portfolio | 9.5m $181.8m | Added +991.0k |
| AustralianSuper Pty Ltd 1.02% of their portfolio | 9.3m $177.0m | Reduced -156.5k |
| EQUITY INVESTMENT CORP 4.41% of their portfolio | 9.0m $172.8m | Added +266.7k |
| LPL Financial LLC 0.09% of their portfolio | 8.9m $170.6m | Added +61.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.09% of their portfolio | 7.9m $151.0m | Reduced -116.8k |
| CANADA LIFE ASSURANCE Co 0.28% of their portfolio | 7.9m $151.2m | Added +1.1m |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.28% of their portfolio | 7.9m $150.5m | Added +964.7k |
| Rockefeller Capital Management L.P. 0.42% of their portfolio | 7.7m $147.7m | Reduced -106.2k |
| Russell Investments Group, Ltd. 0.24% of their portfolio | 7.7m $147.4m | Reduced -699.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.29% of their portfolio | 7.7m $147.2m | Reduced -570.3k |
| CITIGROUP INC 0.14% of their portfolio | 7.6m $145.2m | Added +288.6k |
| Cullen Capital Management, LLC 1.65% of their portfolio | 7.5m $143.2m | Reduced -168.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.30% of their portfolio | 7.3m $140.1m | Reduced -316.5k |
| Mitsubishi UFJ Trust & Banking Corp 0.32% of their portfolio | 7.1m $136.2m | Added +1.1m |
| FIRST TRUST ADVISORS LP 0.14% of their portfolio | 7.0m $134.6m | Added +3.3m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.12% of their portfolio | 7.0m $133.4m | Reduced -35.8k |
| Allianz Asset Management GmbH 0.21% of their portfolio | 6.7m $127.5m | Added +898.9k |
| BANK OF NOVA SCOTIA 0.25% of their portfolio | 6.7m $127.3m | Reduced -159.8k |
| MACQUARIE GROUP LTD 0.14% of their portfolio | 6.5m $123.8m | Added +2.3m |
| Balyasny Asset Management L.P. 0.31% of their portfolio | 6.3m $120.9m | Added +4.9m |
| Ensign Peak Advisors, Inc 0.22% of their portfolio | 6.3m $120.8m | Reduced -57.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.12% of their portfolio | 6.2m $117.6m | Added +3.2m |
| COMMERZBANK AKTIENGESELLSCHAFT /FI 3.83% of their portfolio | 6.1m $115.8m | Added +90.9k |
| STOREBRAND ASSET MANAGEMENT AS 0.38% of their portfolio | 5.9m $113.0m | Added +557.5k |
| AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio | 5.7m $109.7m | Reduced -22.2k |
| CI INVESTMENTS INC. 0.43% of their portfolio | 5.7m $108.8m | Reduced -294.6k |
| TD Asset Management Inc 0.10% of their portfolio | 5.6m $107.7m | Reduced -49.1k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 5.6m $107.4m | Added +732.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.37% of their portfolio | 5.2m $100.2m | Added +1.1m |
| TRUIST FINANCIAL CORP 0.15% of their portfolio | 5.2m $98.9m | Reduced -51.7k |
| Drexel Morgan & Co. 20.99% of their portfolio | 5.1m $97.9m | Added +3.9k |
| NATIONAL BANK OF CANADA /FI/ 0.15% of their portfolio | 5.1m $96.3m | Reduced -824.9k |
| AXA S.A. 0.14% of their portfolio | 5.1m $96.7m | Added +1.1m |
| JANE STREET GROUP, LLC 0.10% of their portfolio | 4.7m $89.7m | Added +2.6m |
| APG Asset Management N.V. 0.15% of their portfolio | 4.6m $82.4m | Added +294.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.23% of their portfolio | 4.6m $87.1m | Reduced -120.6k |
| Empower Advisory Group, LLC 0.32% of their portfolio | 4.5m $85.6m | Added +70.2k |
| Mariner, LLC 0.17% of their portfolio | 4.5m $85.3m | Added +171.2k |
| LETKO, BROSSEAU & ASSOCIATES INC 1.60% of their portfolio | 4.4m $84.2m | Added +81.5k |