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 ($362.6m this quarter). Holder counts are more reliable. Shares outstanding: 7.2bn as of 2024-10-24, 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 ≈ $21.98. Options: 53 managers hold calls ($1.3bn notional), 55 hold puts ($871.4m).
Trends to Q3 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 |
| Q3 2024 | 2,450 |
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 |
| Q3 2024 | 1,089 | 1,225 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $1.4bn | $1.0bn | 0.76 |
| Q1 2024 | $1.1bn | $803.1m | 0.76 |
| Q2 2024 | $1.2bn | $731.1m | 0.61 |
| Q3 2024 | $1.3bn | $871.4m | 0.65 |
Biggest buyers
| GQG Partners LLC | New | +70.5m |
| Capital World Investors | Added | +12.9m |
| JPMORGAN CHASE & CO | Added | +12.0m |
| Invesco Ltd. | Added | +10.9m |
| BARCLAYS PLC | Added | +10.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +7.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +7.2m |
| VANGUARD GROUP INC | Added | +7.0m |
| California Public Employees Retirement System | Added | +6.5m |
| RAYMOND JAMES & ASSOCIATES | Added | +5.5m |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -12.7m |
| MERCER GLOBAL ADVISORS INC /ADV | Reduced | -11.6m |
| STATE STREET CORP | Reduced | -6.1m |
| Balyasny Asset Management L.P. | Reduced | -6.0m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -5.2m |
| Amundi | Reduced | -5.1m |
| COMMERZBANK AKTIENGESELLSCHAFT /FI | Reduced | -4.6m |
| JANE STREET GROUP, LLC | Reduced | -4.3m |
| Palestra Capital Management LLC | Sold out | -4.0m |
| Newport Trust Company, LLC | Reduced | -3.7m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $367.0m16.7m shares |
| CITADEL ADVISORS LLC | Reduced | $133.8m6.1m shares |
| Twin Tree Management, LP | Reduced | $107.6m4.9m shares |
| SIMPLEX TRADING, LLC | Reduced | $83.7m3.8m shares |
| Parallax Volatility Advisers, L.P. | Added | $80.3m3.7m shares |
| JANE STREET GROUP, LLC | Added | $68.7m3.1m shares |
| IMC-Chicago, LLC | Added | $41.6m1.9m shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $33.4m15.2k shares |
| NOMURA HOLDINGS INC | Added | $28.5m1.3m shares |
| Cubist Systematic Strategies, LLC | Added | $27.7m1.3m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $140.6m6.4m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $86.2m3.9m shares |
| CITADEL ADVISORS LLC | Added | $80.1m3.6m shares |
| Qube Research & Technologies Ltd | Added | $52.6m2.4m shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $44.8m20.4k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $43.0m2.0m shares |
| BARCLAYS PLC | New | $35.8m1.6m shares |
| Squarepoint Ops LLC | Added | $30.2m1.4m shares |
| SIMPLEX TRADING, LLC | Reduced | $29.9m1.4m shares |
| JANE STREET GROUP, LLC | Reduced | $25.8m1.2m 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
None reported in Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.25% of their portfolio | 636.6m $14.0bn | Added +7.0m |
| BlackRock, Inc. 0.26% of their portfolio | 554.0m $12.2bn | First filing |
| STATE STREET CORP 0.28% of their portfolio | 316.1m $7.0bn | Reduced -6.1m |
| Newport Trust Company, LLC 10.36% of their portfolio | 194.3m $4.3bn | Reduced -3.7m |
| GEODE CAPITAL MANAGEMENT, LLC 0.29% of their portfolio | 161.1m $3.5bn | Added +3.6m |
| MORGAN STANLEY 0.14% of their portfolio | 85.4m $1.9bn | Reduced -3.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 1.55% of their portfolio | 82.8m $1.8bn | Added +7.3m |
| Bank of New York Mellon Corp 0.33% of their portfolio | 79.9m $1.8bn | Reduced -1.1m |
| NORGES BANK 0.24% of their portfolio | 77.0m $1.7bn | Added +5.1m |
| GQG Partners LLC 2.43% of their portfolio | 70.5m $1.6bn | New |
| NORTHERN TRUST CORP 0.24% of their portfolio | 67.2m $1.5bn | Reduced -1.1m |
| JPMORGAN CHASE & CO 0.06% of their portfolio | 67.2m $1.5bn | Added +12.0m |
| FMR LLC 0.08% of their portfolio | 61.0m $1.3bn | Added +1.1m |
| BANK OF AMERICA CORP /DE/ 0.11% of their portfolio | 59.0m $1.3bn | Reduced -3.1m |
| GOLDMAN SACHS GROUP INC 0.24% of their portfolio | 56.0m $1.2bn | Added +3.7m |
| Capital World Investors 0.19% of their portfolio | 54.6m $1.2bn | Added +12.9m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.22% of their portfolio | 52.6m $1.2bn | Reduced -35.2k |
| AMERIPRISE FINANCIAL INC 0.30% of their portfolio | 52.5m $1.2bn | Added +917.0k |
| DIMENSIONAL FUND ADVISORS LP 0.26% of their portfolio | 49.0m $1.1bn | Added +2.6m |
| Legal & General Group Plc 0.28% of their portfolio | 48.1m $1.1bn | Added +160.6k |
| ROYAL BANK OF CANADA 0.20% of their portfolio | 40.9m $900.0m | Added +810.6k |
| Nuveen Asset Management, LLC 0.25% of their portfolio | 40.6m $893.9m | Reduced -832.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.23% of their portfolio | 40.6m $892.1m | Reduced -1.8m |
| Invesco Ltd. 0.17% of their portfolio | 40.3m $886.7m | Added +10.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.08% of their portfolio | 30.1m $661.2m | Added +7.2m |
| California Public Employees Retirement System 0.45% of their portfolio | 29.5m $648.1m | Added +6.5m |
| LSV ASSET MANAGEMENT 1.38% of their portfolio | 29.3m $643.9m | Reduced -825.3k |
| Amundi 0.23% of their portfolio | 28.3m $620.0m | Reduced -5.1m |
| BARCLAYS PLC 0.27% of their portfolio | 27.9m $613.8m | Added +10.3m |
| THORNBURG INVESTMENT MANAGEMENT INC 7.71% of their portfolio | 26.9m $592.7m | Added +2.0m |
| UBS Group AG 0.16% of their portfolio | 26.7m $587.7m | Added +2.7m |
| Pacer Advisors, Inc. 1.20% of their portfolio | 25.4m $559.7m | Reduced -2.7m |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.46% of their portfolio | 24.1m $531.2m | Reduced -20.0k |
| DEUTSCHE BANK AG\ 0.21% of their portfolio | 23.1m $507.9m | Added +2.5m |
| AQR CAPITAL MANAGEMENT LLC 0.67% of their portfolio | 22.3m $487.6m | Added +460.1k |
| Swiss National Bank 0.30% of their portfolio | 21.3m $468.2m | Added +104.7k |
| STATE OF MICHIGAN RETIREMENT SYSTEM 2.19% of their portfolio | 20.1m $441.4m | Reduced -11.0k |
| RAYMOND JAMES & ASSOCIATES 0.23% of their portfolio | 17.5m $385.3m | Added +5.5m |
| Sumitomo Mitsui Trust Group, Inc. 0.26% of their portfolio | 17.2m $378.8m | Added +1.2m |
| WELLS FARGO & COMPANY/MN 0.09% of their portfolio | 16.2m $356.1m | Reduced -81.2k |
| National Pension Service 0.33% of their portfolio | 15.8m $346.9m | Added +2.2m |
| HSBC HOLDINGS PLC 0.21% of their portfolio | 15.3m $336.4m | Reduced -1.9m |
| BANK OF MONTREAL /CAN/ 0.16% of their portfolio | 15.2m $333.8m | Reduced -1.5m |
| CITADEL ADVISORS LLC 0.33% of their portfolio | 14.5m $318.6m | Reduced -12.7m |
| FEDERATED HERMES, INC. 0.69% of their portfolio | 14.3m $314.3m | Reduced -267.1k |
| RHUMBLINE ADVISERS 0.27% of their portfolio | 13.7m $300.4m | Reduced -893.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.29% of their portfolio | 13.5m $296.5m | Reduced -949.5k |
| ALLIANCEBERNSTEIN L.P. 0.10% of their portfolio | 13.3m $292.7m | Added +794.2k |
| MILLENNIUM MANAGEMENT LLC 0.24% of their portfolio | 12.7m $280.0m | Reduced -949.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio | 12.5m $275.6m | Added +230.0k |
| Robeco Institutional Asset Management B.V. 0.53% of their portfolio | 12.2m $269.1m | Reduced -1.4m |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.30% of their portfolio | 11.8m $259.6m | Reduced -4.1k |
| Caisse de depot et placement du Quebec 0.50% of their portfolio | 11.4m $251.1m | Reduced -2.5m |
| Brandywine Global Investment Management, LLC 1.59% of their portfolio | 11.2m $239.2m | Added +1.2m |
| VOYA INVESTMENT MANAGEMENT LLC 0.24% of their portfolio | 10.6m $232.9m | Reduced -1.8m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.25% of their portfolio | 10.5m $230.4m | Added +955.1k |
| Russell Investments Group, Ltd. 0.32% of their portfolio | 10.0m $220.8m | Added +2.3m |
| PRUDENTIAL FINANCIAL INC 0.30% of their portfolio | 9.7m $213.3m | Reduced -532.2k |
| Pale Fire Capital SE 33.13% of their portfolio | 9.6m $211.3m | Reduced -879.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.24% of their portfolio | 9.4m $207.2m | Reduced -495.4k |
| LPL Financial LLC 0.09% of their portfolio | 9.4m $206.8m | Added +475.6k |
| Allianz Asset Management GmbH 0.32% of their portfolio | 9.4m $206.8m | Added +2.7m |
| AustralianSuper Pty Ltd 1.02% of their portfolio | 9.3m $203.7m | Unchanged |
| EQUITY INVESTMENT CORP 4.57% of their portfolio | 8.9m $196.4m | Reduced -115.5k |
| Contour Asset Management LLC 6.41% of their portfolio | 8.8m $194.2m | Reduced -2.1m |
| NEW YORK STATE COMMON RETIREMENT FUND 0.26% of their portfolio | 8.7m $190.9m | Reduced -895.5k |
| Kodai Capital Management LP 3.96% of their portfolio | 8.7m $190.8m | Reduced -2.6m |
| PRINCIPAL FINANCIAL GROUP INC 0.10% of their portfolio | 8.3m $182.8m | Added +402.9k |
| FRANKLIN RESOURCES INC 0.05% of their portfolio | 7.9m $169.0m | Added +2.3m |
| CANADA LIFE ASSURANCE Co 0.29% of their portfolio | 7.6m $167.9m | Reduced -275.4k |
| TD Asset Management Inc 0.14% of their portfolio | 7.5m $163.5m | Added +1.8m |
| Ensign Peak Advisors, Inc 0.29% of their portfolio | 7.5m $164.0m | Added +1.1m |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.31% of their portfolio | 7.4m $163.8m | Reduced -253.7k |
| Mitsubishi UFJ Trust & Banking Corp 0.37% of their portfolio | 7.4m $163.4m | Added +300.4k |
| Rockefeller Capital Management L.P. 0.44% of their portfolio | 7.4m $162.7m | Reduced -334.9k |
| D. E. Shaw & Co., Inc. 0.21% of their portfolio | 7.4m $162.1m | Added +3.9m |
| Cullen Capital Management, LLC 1.74% of their portfolio | 7.3m $159.8m | Reduced -225.9k |
| MACQUARIE GROUP LTD 0.17% of their portfolio | 7.3m $159.8m | Added +785.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.32% of their portfolio | 7.1m $156.2m | Reduced -233.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.13% of their portfolio | 6.8m $149.3m | Reduced -195.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.26% of their portfolio | 6.8m $148.7m | Reduced -1.1m |
| FIRST TRUST ADVISORS LP 0.14% of their portfolio | 6.7m $146.7m | Reduced -373.1k |
| AMERICAN CENTURY COMPANIES INC 0.08% of their portfolio | 6.4m $140.5m | Added +647.4k |
| BANK OF NOVA SCOTIA 0.28% of their portfolio | 6.3m $139.3m | Reduced -330.4k |
| STOREBRAND ASSET MANAGEMENT AS 0.40% of their portfolio | 5.7m $126.1m | Reduced -184.1k |
| CI INVESTMENTS INC. 0.46% of their portfolio | 5.5m $121.7m | Reduced -158.4k |
| NATIONAL BANK OF CANADA /FI/ 0.16% of their portfolio | 5.4m $119.6m | Added +360.6k |
| CITIGROUP INC 0.11% of their portfolio | 5.4m $118.8m | Reduced -2.2m |
| JUPITER ASSET MANAGEMENT LTD 1.01% of their portfolio | 5.3m $115.6m | Added +1.1m |
| Drexel Morgan & Co. 20.95% of their portfolio | 5.1m $112.7m | Unchanged |
| TRUIST FINANCIAL CORP 0.18% of their portfolio | 5.1m $111.6m | Reduced -103.3k |
| NEUBERGER BERMAN GROUP LLC 0.09% of their portfolio | 5.0m $110.7m | Added +1.6m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.10% of their portfolio | 4.7m $103.6m | Reduced -1.4m |
| AVIVA PLC 0.26% of their portfolio | 4.6m $101.7m | Added +258.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.26% of their portfolio | 4.6m $101.4m | Added +47.7k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.30% of their portfolio | 4.6m $101.4m | Added +624.3k |
| Mariner, LLC 0.18% of their portfolio | 4.6m $100.7m | Added +115.9k |
| Korea Investment CORP 0.24% of their portfolio | 4.6m $100.6m | Added +2.7m |
| LETKO, BROSSEAU & ASSOCIATES INC 1.82% of their portfolio | 4.6m $100.2m | Added +146.9k |
| Empower Advisory Group, LLC 0.34% of their portfolio | 4.5m $99.9m | Added +65.4k |