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 ($999.1m this quarter). Holder counts are more reliable. Shares outstanding: 6.9bn as of 2026-04-22, 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 ≈ $28.96. Options: 51 managers hold calls ($2.8bn notional), 51 hold puts ($1.3bn).
Trends to Q1 2026
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 |
| Q4 2024 | 2,683 |
| Q1 2025 | 2,866 |
| Q2 2025 | 2,888 |
| Q3 2025 | 2,868 |
| Q4 2025 | 2,857 |
| Q1 2026 | 2,984 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 1,057 | 1,206 |
| Q3 2024 | 1,089 | 1,225 |
| Q4 2024 | 1,194 | 1,128 |
| Q1 2025 | 1,391 | 1,288 |
| Q2 2025 | 1,468 | 1,239 |
| Q3 2025 | 1,349 | 1,328 |
| Q4 2025 | 1,145 | 1,520 |
| Q1 2026 | 1,523 | 1,263 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $1.7bn | $1.5bn | 0.86 |
| Q3 2025 | $1.4bn | $1.3bn | 0.95 |
| Q4 2025 | $1.1bn | $1.0bn | 0.95 |
| Q1 2026 | $2.8bn | $1.3bn | 0.45 |
Biggest buyers
| Capital World Investors | Added | +64.1m |
| JPMORGAN CHASE & CO | Added | +45.8m |
| GOLDMAN SACHS GROUP INC | Added | +11.7m |
| FRANKLIN RESOURCES INC | Added | +11.3m |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Added | +9.7m |
| Bank of New York Mellon Corp | Added | +8.2m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Added | +7.9m |
| BANK OF AMERICA CORP /DE/ | Added | +5.4m |
| UBS Group AG | Added | +5.3m |
| BANK OF MONTREAL /CAN/ | Added | +4.7m |
Biggest sellers
| HSBC HOLDINGS PLC | Reduced | -21.1m |
| STATE STREET CORP | Reduced | -16.3m |
| Point72 Asset Management, L.P. | Reduced | -12.4m |
| BlackRock, Inc. | Reduced | -8.9m |
| JANE STREET GROUP, LLC | Reduced | -8.0m |
| Amundi | Reduced | -7.7m |
| Invesco Ltd. | Reduced | -7.6m |
| D. E. Shaw & Co., Inc. | Reduced | -7.5m |
| TWO SIGMA ADVISERS, LP | Sold out | -6.6m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -6.5m |
Biggest calls
| BOOTHBAY FUND MANAGEMENT, LLC | New | $1.4bn47.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $291.9m10.1m shares |
| CITADEL ADVISORS LLC | Added | $254.2m8.8m shares |
| JANE STREET GROUP, LLC | Added | $247.4m8.5m shares |
| IMC-Chicago, LLC | Added | $89.1m3.1m shares |
| BARCLAYS PLC | Added | $81.2m2.8m shares |
| JPMORGAN CHASE & CO | Added | $79.1m2.7m shares |
| SIMPLEX TRADING, LLC | Reduced | $39.5m1.4m shares |
| Squarepoint Ops LLC | Reduced | $37.9m1.3m shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $31.9m1.1m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $237.3m8.2m shares |
| CITADEL ADVISORS LLC | Added | $140.2m4.8m shares |
| CITIGROUP INC | Reduced | $127.4m4.4m shares |
| JANE STREET GROUP, LLC | Added | $85.1m2.9m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $62.2m2.1m shares |
| IMC-Chicago, LLC | Added | $53.4m1.8m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $51.6m1.8m shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $48.4m16.7k shares |
| SIMPLEX TRADING, LLC | Added | $47.9m1.7m shares |
| Qube Research & Technologies Ltd | Added | $46.1m1.6m 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 2026
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 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 1 | $41.4k | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.29% of their portfolio | 561.0m $16.3bn | Reduced -8.9m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.33% of their portfolio | 454.8m $13.2bn | First filing |
| STATE STREET CORP 0.32% of their portfolio | 315.8m $9.2bn | Reduced -16.3m |
| Newport Trust Company, LLC 12.77% of their portfolio | 179.5m $5.2bn | Reduced -4.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.31% of their portfolio | 175.0m $5.1bn | Added +4.0m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.20% of their portfolio | 133.6m $3.9bn | First filing |
| BANK OF AMERICA CORP /DE/ 0.27% of their portfolio | 125.2m $3.6bn | Added +5.4m |
| JPMORGAN CHASE & CO 0.23% of their portfolio | 118.2m $3.4bn | Added +45.8m |
| Capital World Investors 0.43% of their portfolio | 109.2m $3.2bn | Added +64.1m |
| MORGAN STANLEY 0.18% of their portfolio | 105.2m $3.0bn | Reduced -1.7m |
| GQG Partners LLC 3.74% of their portfolio | 81.4m $2.4bn | Reduced -4.7m |
| Bank of New York Mellon Corp 0.39% of their portfolio | 72.8m $2.1bn | Added +8.2m |
| NORTHERN TRUST CORP 0.26% of their portfolio | 68.7m $2.0bn | Reduced -342.2k |
| Capital Research Global Investors 0.28% of their portfolio | 61.6m $1.8bn | Reduced -535.8k |
| FMR LLC 0.09% of their portfolio | 57.7m $1.7bn | Added +577.7k |
| GOLDMAN SACHS GROUP INC 0.22% of their portfolio | 57.5m $1.7bn | Added +11.7m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.33% of their portfolio | 54.3m $1.6bn | Added +3.9m |
| AMERIPRISE FINANCIAL INC 0.36% of their portfolio | 53.3m $1.5bn | Added +637.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.23% of their portfolio | 52.5m $1.5bn | Added +924.1k |
| DIMENSIONAL FUND ADVISORS LP 0.30% of their portfolio | 50.1m $1.5bn | Added +54.4k |
| Legal & General Group Plc 0.32% of their portfolio | 48.0m $1.4bn | Added +65.6k |
| Invesco Ltd. 0.14% of their portfolio | 47.9m $1.4bn | Reduced -7.6m |
| VANGUARD FIDUCIARY TRUST CO 0.29% of their portfolio | 39.4m $1.1bn | First filing |
| ROYAL BANK OF CANADA 0.21% of their portfolio | 37.6m $1.1bn | Reduced -1.3m |
| Amundi 0.29% of their portfolio | 36.2m $1.0bn | Reduced -7.7m |
| DEUTSCHE BANK AG\ 0.31% of their portfolio | 32.3m $936.7m | Added +851.8k |
| THORNBURG INVESTMENT MANAGEMENT INC 9.34% of their portfolio | 31.0m $900.0m | Added +2.0m |
| RAYMOND JAMES FINANCIAL INC 0.26% of their portfolio | 29.1m $843.5m | Added +2.8m |
| Nuveen, LLC 0.23% of their portfolio | 29.0m $841.6m | Added +3.1m |
| UBS Group AG 0.15% of their portfolio | 28.2m $818.1m | Added +5.3m |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.55% of their portfolio | 24.1m $700.0m | Unchanged |
| D. E. Shaw & Co., Inc. 0.51% of their portfolio | 22.5m $653.0m | Reduced -7.5m |
| LSV ASSET MANAGEMENT 1.39% of their portfolio | 22.2m $643.8m | Reduced -199.4k |
| Allianz Asset Management GmbH 0.74% of their portfolio | 22.0m $637.0m | Added +4.0m |
| Swiss National Bank 0.35% of their portfolio | 20.8m $603.2m | Added +1.2m |
| FRANKLIN RESOURCES INC 0.14% of their portfolio | 19.7m $570.5m | Added +11.3m |
| Sumitomo Mitsui Trust Group, Inc. 0.35% of their portfolio | 18.8m $544.4m | Reduced -897.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.29% of their portfolio | 18.7m $541.2m | Reduced -6.5m |
| AQR CAPITAL MANAGEMENT LLC 0.24% of their portfolio | 18.3m $526.3m | Reduced -233.8k |
| BANK OF MONTREAL /CAN/ 0.21% of their portfolio | 17.5m $505.9m | Added +4.7m |
| National Pension Service 0.38% of their portfolio | 17.4m $504.6m | Reduced -485.9k |
| HSBC HOLDINGS PLC 0.30% of their portfolio | 17.1m $495.0m | Reduced -21.1m |
| WELLS FARGO & COMPANY/MN 0.10% of their portfolio | 17.1m $495.5m | Added +35.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.13% of their portfolio | 16.5m $478.3m | Added +2.6m |
| California Public Employees Retirement System 0.29% of their portfolio | 16.3m $471.8m | Reduced -4.7m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.31% of their portfolio | 16.0m $463.2m | Added +982.2k |
| Pacer Advisors, Inc. 1.30% of their portfolio | 15.7m $453.9m | Reduced -1.3m |
| Vanguard Global Advisers, LLC 0.24% of their portfolio | 15.6m $452.6m | First filing |
| ALLIANCEBERNSTEIN L.P. 0.13% of their portfolio | 15.6m $387.6m | Reduced -193.2k |
| BARCLAYS PLC 0.16% of their portfolio | 15.3m $444.4m | Added +52.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.28% of their portfolio | 15.2m $439.4m | Added +3.3m |
| VANGUARD ASSET MANAGEMENT, Ltd 0.35% of their portfolio | 13.9m $404.3m | First filing |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 13.7m $397.3m | Reduced -1.4m |
| Robeco Institutional Asset Management B.V. 0.54% of their portfolio | 13.1m $379.6m | Reduced -682.7k |
| Caisse de depot et placement du Quebec 0.60% of their portfolio | 13.0m $376.5m | Added +2.8m |
| RHUMBLINE ADVISERS 0.30% of their portfolio | 12.2m $352.6m | Reduced -358.2k |
| LPL Financial LLC 0.09% of their portfolio | 12.0m $347.5m | Added +337.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.22% of their portfolio | 11.5m $332.6m | Reduced -1.5m |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.34% of their portfolio | 10.9m $317.3m | Reduced -343.0k |
| ASSETMARK, INC 0.65% of their portfolio | 10.9m $316.8m | Added +6.3k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 1.25% of their portfolio | 10.9m $316.1m | Added +9.7m |
| Russell Investments Group, Ltd. 0.34% of their portfolio | 10.8m $313.1m | Reduced -563.1k |
| MILLENNIUM MANAGEMENT LLC 0.21% of their portfolio | 9.5m $275.0m | Added +4.6m |
| SEI INVESTMENTS CO 0.25% of their portfolio | 9.4m $271.6m | Added +2.5m |
| SG Americas Securities, LLC 0.29% of their portfolio | 9.1m $264.6m | Added +2.3m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.40% of their portfolio | 8.3m $241.9m | Added +7.9m |
| PRINCIPAL FINANCIAL GROUP INC 0.13% of their portfolio | 8.3m $240.3m | Reduced -29.0k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.91% of their portfolio | 8.2m $236.9m | Added +1.6m |
| NEW YORK STATE COMMON RETIREMENT FUND 0.33% of their portfolio | 8.2m $236.7m | Unchanged |
| CITIGROUP INC 0.14% of their portfolio | 7.4m $215.3m | Reduced -2.3m |
| Alyeska Investment Group, L.P. 0.60% of their portfolio | 7.3m $211.0m | Reduced -4.6m |
| PRUDENTIAL FINANCIAL INC 0.25% of their portfolio | 6.9m $199.8m | Added +635.8k |
| CANADA LIFE ASSURANCE Co 0.35% of their portfolio | 6.7m $195.4m | Added +23.0k |
| Ensign Peak Advisors, Inc 0.36% of their portfolio | 6.7m $193.9m | Reduced -106.8k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.33% of their portfolio | 6.6m $191.7m | Reduced -1.7m |
| ACADIAN ASSET MANAGEMENT LLC 0.26% of their portfolio | 6.3m $184.0m | Reduced -874.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.16% of their portfolio | 6.3m $182.2m | Reduced -14.8k |
| AVIVA PLC 0.30% of their portfolio | 6.2m $179.6m | Added +177.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.27% of their portfolio | 6.1m $177.5m | Reduced -286.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.33% of their portfolio | 6.1m $177.4m | Reduced -151.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.36% of their portfolio | 6.1m $176.8m | Reduced -196.0k |
| Rockefeller Capital Management L.P. 0.31% of their portfolio | 6.0m $173.4m | Added +1.3m |
| TRUIST FINANCIAL CORP 0.23% of their portfolio | 6.0m $172.6m | Added +260.4k |
| STOREBRAND ASSET MANAGEMENT AS 0.48% of their portfolio | 5.8m $167.8m | Added +120.2k |
| Cullen Capital Management, LLC 1.70% of their portfolio | 5.7m $165.7m | Added +155 |
| TD Asset Management Inc 0.13% of their portfolio | 5.7m $164.9m | Added +285.7k |
| NATIONAL BANK OF CANADA /FI/ 0.17% of their portfolio | 5.7m $164.2m | Added +358.1k |
| MACKENZIE FINANCIAL CORP 0.19% of their portfolio | 5.6m $161.7m | Added +813.3k |
| Mariner, LLC 0.19% of their portfolio | 5.5m $159.7m | Reduced -124.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.13% of their portfolio | 5.4m $155.3m | Reduced -120.6k |
| PFA Pension, Forsikringsaktieselskab 0.46% of their portfolio | 5.3m $153.5m | Added +215.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 5.2m $151.5m | Added +796.5k |
| CI INVESTMENTS INC. 0.73% of their portfolio | 5.2m $151.2m | Reduced -75.3k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.26% of their portfolio | 5.2m $149.3m | Reduced -72.2k |
| Aberdeen Group plc 0.24% of their portfolio | 5.1m $148.7m | Added +246.0k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.14% of their portfolio | 5.1m $148.5m | Added +1.8m |
| Mitsubishi UFJ Trust & Banking Corp 0.36% of their portfolio | 5.1m $147.4m | Added +118.2k |
| FIRST TRUST ADVISORS LP 0.10% of their portfolio | 5.0m $144.0m | Reduced -1.5m |
| KBC Group NV 0.35% of their portfolio | 4.8m $138.5m | Reduced -1.1m |
| MACQUARIE GROUP LTD 0.81% of their portfolio | 4.7m $136.1m | Reduced -351.1k |