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 ($642.5m this quarter). Holder counts are more reliable. Shares outstanding: 6.9bn as of 2026-07-16, 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 ≈ $20.79. Options: 53 managers hold calls ($1.3bn notional), 48 hold puts ($1.2bn).
Trends to Q2 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 |
| Q2 2026 | 2,681 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2026 | 1,226 | 1,567 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $1.4bn | $1.3bn | 0.95 |
| Q4 2025 | $1.1bn | $1.0bn | 0.95 |
| Q1 2026 | $2.8bn | $1.3bn | 0.45 |
| Q2 2026 | $1.3bn | $1.2bn | 0.94 |
Biggest buyers
| STATE STREET CORP | Added | +18.5m |
| Contour Asset Management LLC | New | +12.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +12.0m |
| CITADEL ADVISORS LLC | Added | +8.5m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +6.1m |
| JANE STREET GROUP, LLC | Added | +6.1m |
| HRT FINANCIAL LP | Added | +6.0m |
| CITIGROUP INC | Added | +5.9m |
| DIMENSIONAL FUND ADVISORS LP | Added | +5.3m |
| DEUTSCHE BANK AG\ | Added | +5.1m |
Biggest sellers
| Capital World Investors | Reduced | -50.2m |
| GQG Partners LLC | Reduced | -22.3m |
| JPMORGAN CHASE & CO | Reduced | -21.3m |
| FMR LLC | Reduced | -17.4m |
| Capital Research Global Investors | Reduced | -16.7m |
| BANK OF AMERICA CORP /DE/ | Reduced | -13.6m |
| AMERIPRISE FINANCIAL INC | Reduced | -10.5m |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Reduced | -9.4m |
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -8.9m |
| ROYAL BANK OF CANADA | Reduced | -8.6m |
Biggest calls
| JANE STREET GROUP, LLC | Added | $408.8m19.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $155.3m7.5m shares |
| CITADEL ADVISORS LLC | Reduced | $111.3m5.4m shares |
| IMC-Chicago, LLC | Added | $72.6m3.5m shares |
| Point72 Asset Management, L.P. | Added | $47.7m2.3m shares |
| NATIONAL BANK OF CANADA /FI/ | New | $44.5m21.5k shares |
| PEAK6 LLC | Added | $43.1m2.1m shares |
| SIMPLEX TRADING, LLC | Added | $36.1m1.7m shares |
| Twin Tree Management, LP | Added | $28.9m1.4m shares |
| BARCLAYS PLC | Reduced | $24.0m1.2m shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $402.8m19.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $155.3m7.5m shares |
| CITIGROUP INC | Added | $96.8m4.7m shares |
| CITADEL ADVISORS LLC | Reduced | $91.0m4.4m shares |
| IMC-Chicago, LLC | Added | $42.4m2.0m shares |
| BARCLAYS PLC | New | $38.5m1.9m shares |
| GOLDMAN SACHS GROUP INC | Added | $38.3m1.9m shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $35.3m17.0k shares |
| NOMURA HOLDINGS INC | New | $33.1m1.6m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $24.0m1.2m 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.17% of their portfolio | 559.4m $11.6bn | Reduced -1.6m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.20% of their portfolio | 453.6m $9.4bn | Reduced -1.2m |
| STATE STREET CORP 0.21% of their portfolio | 334.3m $6.9bn | Added +18.5m |
| Newport Trust Company, LLC 8.92% of their portfolio | 178.7m $3.7bn | Reduced -745.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.19% of their portfolio | 177.0m $3.7bn | Added +2.0m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.13% of their portfolio | 134.3m $2.8bn | Added +766.5k |
| BANK OF AMERICA CORP /DE/ 0.15% of their portfolio | 111.6m $2.3bn | Reduced -13.6m |
| MORGAN STANLEY 0.12% of their portfolio | 106.3m $2.2bn | Added +1.1m |
| JPMORGAN CHASE & CO 0.12% of their portfolio | 96.9m $2.1bn | Reduced -21.3m |
| NORGES BANK 0.16% of their portfolio | 79.3m $1.6bn | Not comparable |
| Bank of New York Mellon Corp 0.26% of their portfolio | 75.3m $1.6bn | Added +2.6m |
| NORTHERN TRUST CORP 0.17% of their portfolio | 69.3m $1.4bn | Added +586.4k |
| GQG Partners LLC 2.28% of their portfolio | 59.1m $1.2bn | Reduced -22.3m |
| Capital World Investors 0.14% of their portfolio | 59.0m $1.2bn | Reduced -50.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.21% of their portfolio | 55.6m $1.2bn | Added +1.3m |
| DIMENSIONAL FUND ADVISORS LP 0.21% of their portfolio | 55.3m $1.1bn | Added +5.3m |
| GOLDMAN SACHS GROUP INC 0.12% of their portfolio | 55.0m $1.1bn | Reduced -2.5m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.14% of their portfolio | 52.5m $1.1bn | Reduced -60.1k |
| Legal & General Group Plc 0.20% of their portfolio | 46.4m $960.7m | Reduced -1.6m |
| Capital Research Global Investors 0.13% of their portfolio | 44.8m $928.1m | Reduced -16.7m |
| AMERIPRISE FINANCIAL INC 0.18% of their portfolio | 42.8m $886.5m | Reduced -10.5m |
| Invesco Ltd. 0.07% of their portfolio | 42.6m $882.2m | Reduced -5.3m |
| FMR LLC 0.04% of their portfolio | 40.3m $834.6m | Reduced -17.4m |
| VANGUARD FIDUCIARY TRUST CO 0.18% of their portfolio | 39.0m $807.2m | Reduced -398.8k |
| DEUTSCHE BANK AG\ 0.23% of their portfolio | 37.4m $774.8m | Added +5.1m |
| Amundi 0.18% of their portfolio | 36.7m $759.3m | Added +527.0k |
| THORNBURG INVESTMENT MANAGEMENT INC 7.13% of their portfolio | 36.0m $745.7m | Added +5.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.28% of their portfolio | 30.7m $635.7m | Added +12.0m |
| Nuveen, LLC 0.15% of their portfolio | 29.4m $608.6m | Added +368.5k |
| ROYAL BANK OF CANADA 0.10% of their portfolio | 29.0m $599.3m | Reduced -8.6m |
| RAYMOND JAMES FINANCIAL INC 0.16% of their portfolio | 28.1m $582.0m | Reduced -1.0m |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.34% of their portfolio | 24.1m $499.8m | Unchanged |
| D. E. Shaw & Co., Inc. 0.31% of their portfolio | 24.1m $498.4m | Added +1.6m |
| LSV ASSET MANAGEMENT 0.88% of their portfolio | 23.5m $486.8m | Added +1.3m |
| Allianz Asset Management GmbH 0.65% of their portfolio | 23.1m $627.6m | Added +1.2m |
| UBS Group AG 0.07% of their portfolio | 22.4m $462.8m | Reduced -5.9m |
| HSBC HOLDINGS PLC 0.20% of their portfolio | 20.1m $416.6m | Added +3.0m |
| Swiss National Bank 0.21% of their portfolio | 19.7m $407.6m | Reduced -1.1m |
| Pacer Advisors, Inc. 1.04% of their portfolio | 19.3m $398.6m | Added +3.6m |
| WELLS FARGO & COMPANY/MN 0.07% of their portfolio | 18.7m $386.2m | Added +1.6m |
| Sumitomo Mitsui Trust Group, Inc. 0.21% of their portfolio | 18.2m $375.9m | Reduced -617.9k |
| BARCLAYS PLC 0.12% of their portfolio | 17.9m $371.3m | Added +2.6m |
| National Pension Service 0.24% of their portfolio | 17.8m $369.4m | Added +442.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.20% of their portfolio | 17.0m $352.7m | Added +1.1m |
| FRANKLIN RESOURCES INC 0.07% of their portfolio | 16.7m $345.1m | Reduced -3.0m |
| California Public Employees Retirement System 0.19% of their portfolio | 16.5m $341.9m | Added +241.3k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.22% of their portfolio | 15.4m $319.2m | Added +1.5m |
| BNP PARIBAS FINANCIAL MARKETS 0.17% of their portfolio | 15.4m $318.8m | Added +3.9m |
| Vanguard Global Advisers, LLC 0.15% of their portfolio | 15.3m $317.3m | Reduced -282.8k |
| AQR CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 15.1m $312.9m | Reduced -3.2m |
| BANK OF MONTREAL /CAN/ 0.11% of their portfolio | 14.9m $308.7m | Reduced -2.5m |
| ENVESTNET ASSET MANAGEMENT INC 0.07% of their portfolio | 14.1m $292.0m | Reduced -2.4m |
| CITIGROUP INC 0.13% of their portfolio | 13.3m $275.1m | Added +5.9m |
| Robeco Institutional Asset Management B.V. 0.33% of their portfolio | 13.0m $268.8m | Reduced -108.1k |
| LPL Financial LLC 0.06% of their portfolio | 12.6m $260.3m | Added +587.6k |
| Nykredit A/S 0.82% of their portfolio | 12.6m $260.0m | First filing |
| Contour Asset Management LLC 5.92% of their portfolio | 12.1m $250.1m | New |
| RHUMBLINE ADVISERS 0.18% of their portfolio | 11.8m $243.7m | Reduced -387.9k |
| ALLIANCEBERNSTEIN L.P. 0.11% of their portfolio | 11.4m $329.2m | Reduced -4.2m |
| SG Americas Securities, LLC 0.13% of their portfolio | 10.9m $226.0m | Added +1.8m |
| Caisse de depot et placement du Quebec 0.32% of their portfolio | 10.8m $223.9m | Reduced -2.2m |
| ASSETMARK, INC 0.38% of their portfolio | 10.8m $223.1m | Reduced -149.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.20% of their portfolio | 10.7m $221.1m | Reduced -262.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 10.5m $217.5m | Reduced -3.2m |
| Russell Investments Group, Ltd. 0.19% of their portfolio | 10.5m $217.7m | Reduced -356.0k |
| CITADEL ADVISORS LLC 0.12% of their portfolio | 10.4m $215.2m | Added +8.5m |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.69% of their portfolio | 9.7m $201.1m | Added +1.5m |
| PRINCIPAL FINANCIAL GROUP INC 0.08% of their portfolio | 8.1m $168.0m | Reduced -175.9k |
| SEI INVESTMENTS CO 0.14% of their portfolio | 7.8m $162.0m | Reduced -1.5m |
| NEW YORK STATE COMMON RETIREMENT FUND 0.19% of their portfolio | 7.3m $150.2m | Reduced -910.6k |
| PRUDENTIAL FINANCIAL INC 0.16% of their portfolio | 7.0m $145.3m | Added +127.3k |
| HRT FINANCIAL LP 0.34% of their portfolio | 6.9m $143.8m | Added +6.0m |
| PFA Pension, Forsikringsaktieselskab 0.35% of their portfolio | 6.7m $137.8m | Added +1.4m |
| Ensign Peak Advisors, Inc 0.23% of their portfolio | 6.6m $137.6m | Reduced -41.1k |
| CANADA LIFE ASSURANCE Co 0.22% of their portfolio | 6.6m $136.8m | Reduced -103.6k |
| JANE STREET GROUP, LLC 0.09% of their portfolio | 6.5m $135.1m | Added +6.1m |
| ACADIAN ASSET MANAGEMENT LLC 0.15% of their portfolio | 6.3m $130.5m | Reduced -43.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.07% of their portfolio | 6.3m $130.2m | Reduced -8.9m |
| AVIVA PLC 0.19% of their portfolio | 6.2m $128.7m | Added +25.8k |
| MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio | 6.2m $127.3m | Reduced -3.3m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.54% of their portfolio | 6.1m $127.1m | New |
| Rockefeller Capital Management L.P. 0.19% of their portfolio | 6.1m $127.0m | Added +155.4k |
| MACKENZIE FINANCIAL CORP 0.12% of their portfolio | 6.1m $126.1m | Added +511.2k |
| STOREBRAND ASSET MANAGEMENT AS 0.31% of their portfolio | 6.1m $126.0m | Added +301.2k |
| Drexel Morgan & Co. 17.49% of their portfolio | 6.1m $125.8m | Added +1.8m |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.19% of their portfolio | 6.0m $124.5m | Added +854.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.17% of their portfolio | 6.0m $124.0m | Reduced -128.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.20% of their portfolio | 6.0m $123.2m | Reduced -164.2k |
| Mariner, LLC 0.12% of their portfolio | 5.7m $119.0m | Added +234.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.08% of their portfolio | 5.7m $118.8m | Added +384.3k |
| Cullen Capital Management, LLC 1.16% of their portfolio | 5.7m $118.4m | Added +7.4k |
| APG Asset Management N.V. 0.25% of their portfolio | 5.7m $103.6m | Added +1.3m |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.22% of their portfolio | 5.7m $117.8m | Reduced -406.0k |
| Mitsubishi UFJ Trust & Banking Corp 0.26% of their portfolio | 5.7m $117.6m | Added +595.7k |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 5.6m $116.9m | Added +681.6k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.19% of their portfolio | 5.5m $113.1m | Added +1.4m |
| Cambridge Investment Research Advisors, Inc. 0.13% of their portfolio | 5.4m $111.5m | Added +2.6m |
| Aberdeen Group plc 0.16% of their portfolio | 5.3m $110.5m | Added +210.7k |
| CI INVESTMENTS INC. 0.35% of their portfolio | 5.2m $108.1m | Added +6.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.09% of their portfolio | 5.2m $107.5m | Added +1.4m |