CROWN CASTLE INC CCI
COM · REIT · CUSIP 22822V101 · ISIN US22822V1017
American communications infrastructure company
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersHouston, TX
- Founded1994
- Websitecrowncastle.com
- FilingsSEC EDGAR
* 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 ($100.4m this quarter). Holder counts are more reliable. Shares outstanding: 433.7m as of 2023-07-31, 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 ≈ $114.05. Options: 33 managers hold calls ($197.3m notional), 23 hold puts ($123.0m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,295 |
| Q4 2022 | 1,325 |
| Q1 2023 | 1,288 |
| Q2 2023 | 1,237 |
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 | 654 | 577 |
| Q1 2023 | 661 | 561 |
| Q2 2023 | 557 | 660 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $245.6m | $180.8m | 0.74 |
| Q4 2022 | $252.9m | $101.2m | 0.40 |
| Q1 2023 | $215.1m | $133.2m | 0.62 |
| Q2 2023 | $197.3m | $123.0m | 0.62 |
Biggest buyers
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +3.2m |
| COHEN & STEERS, INC. | Added | +2.4m |
| Capital World Investors | Added | +1.8m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.6m |
| Balyasny Asset Management L.P. | Added | +1.1m |
| MACQUARIE GROUP LTD | Added | +985.6k |
| Amundi | Added | +901.6k |
| FIL Ltd | Added | +872.0k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Added | +722.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +692.4k |
Biggest sellers
| FMR LLC | Reduced | -8.0m |
| BANK OF AMERICA CORP /DE/ | Reduced | -7.6m |
| Capital International Investors | Reduced | -5.0m |
| AMERIPRISE FINANCIAL INC | Reduced | -2.3m |
| VANGUARD GROUP INC | Reduced | -1.1m |
| Bahl & Gaynor LLC | Reduced | -716.2k |
| GOLDMAN SACHS GROUP INC | Reduced | -715.8k |
| Sarasin & Partners LLP | Reduced | -673.6k |
| Capital Research Global Investors | Reduced | -649.4k |
| NORGES BANK | Reduced | -646.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $59.1m518.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $34.7m304.4k shares |
| CITADEL ADVISORS LLC | Reduced | $24.9m218.2k shares |
| Squarepoint Ops LLC | Added | $9.2m81.1k shares |
| Walleye Trading LLC | Added | $8.9m77.9k shares |
| Twin Tree Management, LP | Reduced | $8.6m75.2k shares |
| JANE STREET GROUP, LLC | Added | $8.3m73.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $7.1m62.1k shares |
| WOLVERINE TRADING, LLC | Added | $6.4m55.8k shares |
| ROYAL BANK OF CANADA | New | $4.0m35.4k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $36.5m320.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $28.7m252.2k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $13.7m120.1k shares |
| CITIGROUP INC | New | $11.4m100.0k shares |
| D. E. Shaw & Co., Inc. | Added | $5.8m51.2k shares |
| UBS Group AG | Added | $5.6m48.9k shares |
| WOLVERINE TRADING, LLC | Added | $4.5m39.7k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $2.6m23.1k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $2.6m22.6k shares |
| Walleye Trading LLC | Reduced | $2.3m20.6k 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 |
|---|---|
| COHEN & STEERS, INC. 13G · institution +1.0 pts · filed 2026-05-15 | 9.3% |
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 8.9% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 8.6% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
| STATE STREET CORP 13G · institution new · filed 2026-02-09 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q2 2023
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 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 1 | $198.3k | 0 | — | — |
| Q1 2022 | 1 | $324.6k | 1 | $441.0k | — |
| Q2 2022 | 0 | — | 3 | $3.3m | — |
| Q3 2022 | 2 | $126.0k | 0 | — | — |
| Q4 2022 | 2 | $397.4k | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 1 | $118.0k | 2 | $3.0m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-05-02 | Stephens Kevin A Director | Bought | $118.0k1.0k shares |
| 2023-04-27 | Nichol Laura B EVP - Business Support | Sold | $604.9k5.0k shares |
| 2023-04-25 | Levendos Christopher EVP & COO - Fiber | Sold | $1.8m14.5k shares |
| 2023-04-25 | Nichol Laura B EVP - Business Support | Sold | $612.8k5.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.15% of their portfolio | 56.2m $6.4bn | Reduced -1.1m |
| BlackRock Inc. 0.10% of their portfolio | 31.6m $3.6bn | Added +258.8k |
| STATE STREET CORP 0.13% of their portfolio | 20.9m $2.4bn | Added +279.7k |
| Capital International Investors 0.35% of their portfolio | 12.9m $1.5bn | Reduced -5.0m |
| MORGAN STANLEY 0.13% of their portfolio | 12.0m $1.4bn | Reduced -336.3k |
| Capital World Investors 0.26% of their portfolio | 11.8m $1.3bn | Added +1.8m |
| COHEN & STEERS, INC. 2.66% of their portfolio | 11.1m $1.3bn | Added +2.4m |
| FMR LLC 0.10% of their portfolio | 10.4m $1.2bn | Reduced -8.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.12% of their portfolio | 9.3m $1.1bn | Added +288.2k |
| BANK OF AMERICA CORP /DE/ 0.11% of their portfolio | 8.5m $963.7m | Reduced -7.6m |
| WELLINGTON MANAGEMENT GROUP LLP 0.18% of their portfolio | 8.3m $947.5m | Added +1.6m |
| Capital Research Global Investors 0.24% of their portfolio | 7.8m $885.3m | Reduced -649.4k |
| ROYAL BANK OF CANADA 0.21% of their portfolio | 6.5m $742.1m | Added +348.6k |
| Aristotle Capital Management, LLC 1.48% of their portfolio | 6.4m $730.6m | Reduced -141.5k |
| DEUTSCHE BANK AG\ 0.37% of their portfolio | 6.1m $690.0m | Added +320.6k |
| DIMENSIONAL FUND ADVISORS LP 0.22% of their portfolio | 6.0m $684.9m | Added +209.4k |
| Legal & General Group Plc 0.20% of their portfolio | 5.4m $616.7m | Added +346.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.17% of their portfolio | 5.2m $593.2m | Added +146.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.32% of their portfolio | 5.0m $565.4m | Added +3.2m |
| NORTHERN TRUST CORP 0.11% of their portfolio | 4.9m $561.5m | Reduced -325.9k |
| Invesco Ltd. 0.15% of their portfolio | 4.9m $556.9m | Added +156.1k |
| Fisher Asset Management, LLC 0.30% of their portfolio | 4.8m $543.9m | Added +108.2k |
| NORGES BANK 0.10% of their portfolio | 4.4m $500.7m | Reduced -646.0k |
| Nuveen Asset Management, LLC 0.15% of their portfolio | 3.7m $423.9m | Added +228.1k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 3.1m $353.2m | Reduced -111.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.19% of their portfolio | 2.9m $393.8m | Unchanged |
| Mitsubishi UFJ Trust & Banking Corp 0.75% of their portfolio | 2.8m $324.2m | Reduced -150.2k |
| FIL Ltd 0.35% of their portfolio | 2.7m $309.0m | Added +872.0k |
| WELLS FARGO & COMPANY/MN 0.08% of their portfolio | 2.5m $290.5m | Added +17.8k |
| California Public Employees Retirement System 0.24% of their portfolio | 2.4m $278.7m | Reduced -28.3k |
| M&G INVESTMENT MANAGEMENT LTD 1.47% of their portfolio | 2.2m $246.8m | Added +461.9k |
| FRANKLIN RESOURCES INC 0.12% of their portfolio | 2.1m $244.2m | Reduced -199.8k |
| LONDON CO OF VIRGINIA 1.32% of their portfolio | 2.0m $232.9m | Reduced -63.8k |
| PICTET ASSET MANAGEMENT SA 0.28% of their portfolio | 2.0m $232.6m | Added +278.9k |
| LAZARD ASSET MANAGEMENT LLC 0.28% of their portfolio | 2.0m $229.5m | Reduced -154.1k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 2.0m $224.8m | Reduced -210.5k |
| FEDERATED HERMES, INC. 0.53% of their portfolio | 1.9m $215.2m | Reduced -44.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 1.8m $201.9m | Reduced -631.3k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 1.8m $201.6m | Reduced -715.8k |
| Amundi 0.10% of their portfolio | 1.8m $203.6m | Added +901.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.08% of their portfolio | 1.6m $179.9m | Added +17.2k |
| Swiss National Bank 0.12% of their portfolio | 1.6m $178.5m | Reduced -152.3k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 3.18% of their portfolio | 1.6m $177.7m | Added +182.4k |
| STIFEL FINANCIAL CORP 0.24% of their portfolio | 1.6m $176.8m | Reduced -161.3k |
| RAYMOND JAMES & ASSOCIATES 0.14% of their portfolio | 1.5m $175.7m | Reduced -105.0k |
| Bahl & Gaynor LLC 1.04% of their portfolio | 1.5m $171.6m | Reduced -716.2k |
| UBS Group AG 0.07% of their portfolio | 1.5m $168.2m | Added +117.8k |
| GATES FOUNDATION TRUST 0.38% of their portfolio | 1.4m $161.8m | Unchanged |
| MACQUARIE GROUP LTD 0.18% of their portfolio | 1.4m $155.0m | Added +985.6k |
| Brookfield Corp /ON/ 0.60% of their portfolio | 1.3m $150.4m | Reduced -1.5k |
| Magellan Asset Management Ltd 1.29% of their portfolio | 1.3m $144.6m | Added +191.3k |
| ClearBridge Investments Ltd 3.86% of their portfolio | 1.2m $136.8m | Reduced -6.9k |
| Balyasny Asset Management L.P. 0.38% of their portfolio | 1.2m $134.8m | Added +1.1m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.20% of their portfolio | 1.2m $131.3m | Reduced -93.8k |
| NEUBERGER BERMAN GROUP LLC 0.12% of their portfolio | 1.1m $130.1m | Reduced -100.8k |
| J.P. Morgan Private Wealth Advisors LLC 0.66% of their portfolio | 1.1m $127.0m | Reduced -122.9k |
| CREDIT SUISSE AG/ 0.12% of their portfolio | 1.1m $125.5m | Added +83.0k |
| MILLENNIUM MANAGEMENT LLC 0.13% of their portfolio | 1.0m $118.2m | Added +338.9k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.34% of their portfolio | 967.4k $110.2m | Added +127.3k |
| BARCLAYS PLC 0.07% of their portfolio | 961.9k $109.6m | Added +574.3k |
| RHUMBLINE ADVISERS 0.12% of their portfolio | 960.8k $109.5m | Added +58.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.51% of their portfolio | 947.4k $108.0m | Added +692.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 945.5k $107.7m | Reduced -184.2k |
| Maple-Brown Abbott Ltd 11.80% of their portfolio | 932.3k $106.2m | Added +117.9k |
| HSBC HOLDINGS PLC 0.11% of their portfolio | 877.9k $99.8m | Added +319.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.07% of their portfolio | 869.7k $99.1m | Reduced -32.2k |
| Corient Private Wealth LP 0.23% of their portfolio | 856.5k $97.6m | Added +112.7k |
| Ninety One UK Ltd 0.28% of their portfolio | 834.8k $95.1m | Added +61.1k |
| BANK OF MONTREAL /CAN/ 0.04% of their portfolio | 833.1k $96.2m | Added +243.2k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.29% of their portfolio | 831.2k $94.7m | Added +722.4k |
| National Pension Service 0.15% of their portfolio | 825.2k $94.1m | Added +170.1k |
| Pacer Advisors, Inc. 0.37% of their portfolio | 813.8k $92.7m | Reduced -69.8k |
| Williams Jones Wealth Management, LLC. 1.37% of their portfolio | 804.1k $91.6m | Reduced -35.2k |
| LPL Financial LLC 0.06% of their portfolio | 792.6k $90.3m | Added +49.3k |
| MACKENZIE FINANCIAL CORP 0.14% of their portfolio | 767.3k $88.6m | Added +263.6k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 767.0k $87.4m | Added +196.1k |
| UniSuper Management Pty Ltd 0.99% of their portfolio | 766.6k $87.3m | First filing |
| NORDEA INVESTMENT MANAGEMENT AB 0.12% of their portfolio | 757.4k $86.6m | Added +33.1k |
| D. E. Shaw & Co., Inc. 0.13% of their portfolio | 744.8k $84.9m | Reduced -24.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.11% of their portfolio | 729.1k $83.1m | Added +19.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.12% of their portfolio | 720.8k $82.1m | Reduced -13.0k |
| FIRST TRUST ADVISORS LP 0.09% of their portfolio | 694.5k $79.1m | Added +65.5k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.61% of their portfolio | 678.0k $77.2m | Added +56.5k |
| CITIGROUP INC 0.10% of their portfolio | 671.1k $76.5m | Reduced -220.7k |
| TRUIST FINANCIAL CORP 0.13% of their portfolio | 662.8k $75.5m | Reduced -208.7k |
| CANADA LIFE ASSURANCE Co 0.17% of their portfolio | 642.4k $73.6m | Added +22.9k |
| SEI INVESTMENTS CO 0.13% of their portfolio | 631.7k $72.0m | Added +70.7k |
| EAGLE ASSET MANAGEMENT INC 0.39% of their portfolio | 618.9k $70.5m | Reduced -202.4k |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 608.1k $69.3m | Added +9.0k |
| Ensign Peak Advisors, Inc 0.14% of their portfolio | 601.0k $68.5m | Added +7.6k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 572.5k $65.2m | Reduced -2.3m |
| Allianz Asset Management GmbH 0.10% of their portfolio | 565.8k $49.9m | Added +108.6k |
| Retirement Systems of Alabama 0.29% of their portfolio | 562.4k $64.1m | Reduced -31.3k |
| 1832 Asset Management L.P. 0.12% of their portfolio | 560.5k $63.9m | Reduced -120.5k |
| DAVENPORT & Co LLC 0.47% of their portfolio | 547.8k $62.4m | Reduced -885 |
| TWO SIGMA INVESTMENTS, LP 0.16% of their portfolio | 540.8k $61.6m | Added +216.1k |
| TORONTO DOMINION BANK 0.05% of their portfolio | 540.5k $61.5m | Added +287.2k |
| Korea Investment CORP 0.16% of their portfolio | 509.0k $58.0m | Reduced -40.0k |
| Maryland State Retirement & Pension System 1.18% of their portfolio | 491.1k $56.0m | Added +13.6k |
| DekaBank Deutsche Girozentrale 0.12% of their portfolio | 475.7k $55.2m | Added +35.9k |