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 ($108.0m this quarter). Holder counts are more reliable. Shares outstanding: 433.7m as of 2023-10-30, 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 ≈ $92.03. Options: 34 managers hold calls ($302.7m notional), 34 hold puts ($171.0m).
Trends to Q3 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 |
| Q3 2023 | 1,157 |
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 |
| Q3 2023 | 561 | 623 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $252.9m | $101.2m | 0.40 |
| Q1 2023 | $215.1m | $133.2m | 0.62 |
| Q2 2023 | $197.3m | $123.0m | 0.62 |
| Q3 2023 | $302.7m | $171.0m | 0.57 |
Biggest buyers
| NATIONAL BANK OF CANADA /FI/ | Added | +2.8m |
| GOLDMAN SACHS GROUP INC | Added | +2.5m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +2.1m |
| BARCLAYS PLC | Added | +2.1m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.8m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +1.6m |
| FMR LLC | Added | +1.5m |
| Ensign Peak Advisors, Inc | Added | +1.3m |
| MORGAN STANLEY | Added | +1.1m |
| BlackRock Inc. | Added | +1.0m |
Biggest sellers
| Capital International Investors | Reduced | -12.8m |
| DEUTSCHE BANK AG\ | Reduced | -1.8m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.7m |
| Balyasny Asset Management L.P. | Reduced | -1.2m |
| Bahl & Gaynor LLC | Reduced | -865.8k |
| Fisher Asset Management, LLC | Reduced | -858.5k |
| ROYAL BANK OF CANADA | Reduced | -772.9k |
| WELLS FARGO & COMPANY/MN | Reduced | -726.6k |
| FEDERATED HERMES, INC. | Reduced | -637.4k |
| J.P. Morgan Private Wealth Advisors LLC | Reduced | -609.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $58.4m634.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $50.0m543.0k shares |
| CITADEL ADVISORS LLC | Added | $40.7m442.2k shares |
| SIMPLEX TRADING, LLC | Added | $21.7m236.0k shares |
| Twin Tree Management, LP | Added | $15.9m173.2k shares |
| Walleye Trading LLC | Added | $11.6m125.7k shares |
| JANE STREET GROUP, LLC | Added | $10.1m109.5k shares |
| GTS SECURITIES LLC | New | $9.8m107.0k shares |
| Squarepoint Ops LLC | Added | $9.8m106.0k shares |
| D. E. Shaw & Co., Inc. | Added | $9.5m103.5k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $28.6m311.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $28.6m310.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $18.0m196.0k shares |
| D. E. Shaw & Co., Inc. | Added | $10.7m116.6k shares |
| Squarepoint Ops LLC | Added | $9.9m107.2k shares |
| Caption Management, LLC | New | $8.8m95.3k shares |
| SIMPLEX TRADING, LLC | New | $7.3m79.8k shares |
| Qube Research & Technologies Ltd | New | $6.9m74.9k shares |
| GTS SECURITIES LLC | New | $6.0m65.2k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $6.0m65.1k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2023 | 0 | — | 0 | — | — |
None reported in Q3 2023.
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.13% of their portfolio | 56.2m $5.2bn | Reduced -30.8k |
| BlackRock Inc. 0.09% of their portfolio | 32.7m $3.0bn | Added +1.0m |
| STATE STREET CORP 0.10% of their portfolio | 20.6m $1.9bn | Reduced -345.6k |
| MORGAN STANLEY 0.12% of their portfolio | 13.1m $1.2bn | Added +1.1m |
| FMR LLC 0.09% of their portfolio | 11.9m $1.1bn | Added +1.5m |
| Capital World Investors 0.22% of their portfolio | 11.9m $1.1bn | Added +52.3k |
| COHEN & STEERS, INC. 2.23% of their portfolio | 10.5m $970.1m | Reduced -534.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.19% of their portfolio | 10.1m $932.7m | Added +1.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.10% of their portfolio | 9.6m $877.3m | Added +219.1k |
| Capital Research Global Investors 0.19% of their portfolio | 7.3m $674.2m | Reduced -444.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.38% of their portfolio | 7.1m $651.9m | Added +2.1m |
| BANK OF AMERICA CORP /DE/ 0.08% of their portfolio | 6.7m $619.0m | Reduced -1.7m |
| Aristotle Capital Management, LLC 1.25% of their portfolio | 6.3m $581.4m | Reduced -94.2k |
| DIMENSIONAL FUND ADVISORS LP 0.18% of their portfolio | 6.0m $556.4m | Added +34.7k |
| ROYAL BANK OF CANADA 0.15% of their portfolio | 5.7m $528.2m | Reduced -772.9k |
| Legal & General Group Plc 0.18% of their portfolio | 5.6m $512.5m | Added +155.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.14% of their portfolio | 5.4m $489.0m | Added +111.2k |
| Invesco Ltd. 0.13% of their portfolio | 5.2m $478.6m | Added +312.8k |
| NORTHERN TRUST CORP 0.08% of their portfolio | 4.5m $417.5m | Reduced -391.7k |
| NORGES BANK 0.08% of their portfolio | 4.4m $408.9m | Added +48.7k |
| GOLDMAN SACHS GROUP INC 0.10% of their portfolio | 4.3m $392.4m | Added +2.5m |
| DEUTSCHE BANK AG\ 0.25% of their portfolio | 4.3m $391.4m | Reduced -1.8m |
| Fisher Asset Management, LLC 0.20% of their portfolio | 3.9m $360.3m | Reduced -858.5k |
| Nuveen Asset Management, LLC 0.12% of their portfolio | 3.6m $327.5m | Reduced -162.4k |
| FIL Ltd 0.38% of their portfolio | 3.5m $320.3m | Added +768.5k |
| BARCLAYS PLC 0.18% of their portfolio | 3.1m $281.4m | Added +2.1m |
| Bank of New York Mellon Corp 0.06% of their portfolio | 3.0m $275.8m | Reduced -102.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.12% of their portfolio | 2.9m $270.0m | Reduced -8.5k |
| NATIONAL BANK OF CANADA /FI/ 0.48% of their portfolio | 2.9m $262.4m | Added +2.8m |
| Amundi 0.12% of their portfolio | 2.6m $247.8m | Added +857.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.59% of their portfolio | 2.5m $234.0m | Reduced -302.6k |
| California Public Employees Retirement System 0.20% of their portfolio | 2.5m $229.4m | Added +47.5k |
| M&G INVESTMENT MANAGEMENT LTD 1.64% of their portfolio | 2.5m $225.5m | Added +286.1k |
| FRANKLIN RESOURCES INC 0.10% of their portfolio | 2.2m $204.0m | Added +73.9k |
| Pictet Asset Management Holding SA 0.24% of their portfolio | 2.1m $193.0m | First filing |
| LONDON CO OF VIRGINIA 1.08% of their portfolio | 2.0m $180.7m | Reduced -80.5k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 1.9m $179.3m | Reduced -24.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 1.9m $173.5m | Added +112.7k |
| Ensign Peak Advisors, Inc 0.36% of their portfolio | 1.9m $170.8m | Added +1.3m |
| WELLS FARGO & COMPANY/MN 0.05% of their portfolio | 1.8m $167.8m | Reduced -726.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.08% of their portfolio | 1.8m $165.9m | Added +223.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.18% of their portfolio | 1.8m $162.5m | Added +1.6m |
| LAZARD ASSET MANAGEMENT LLC 0.22% of their portfolio | 1.7m $158.5m | Reduced -291.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.22% of their portfolio | 1.7m $153.0m | Added +510.8k |
| Brookfield Corp /ON/ 0.88% of their portfolio | 1.5m $140.7m | Added +209.0k |
| TWO SIGMA INVESTMENTS, LP 0.38% of their portfolio | 1.5m $136.3m | Added +940.4k |
| UBS Group AG 0.06% of their portfolio | 1.5m $134.5m | Reduced -15.2k |
| STIFEL FINANCIAL CORP 0.18% of their portfolio | 1.4m $131.6m | Reduced -121.9k |
| GATES FOUNDATION TRUST 0.34% of their portfolio | 1.4m $130.7m | Unchanged |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.64% of their portfolio | 1.4m $129.7m | Added +461.9k |
| Swiss National Bank 0.10% of their portfolio | 1.4m $128.4m | Reduced -171.3k |
| Magellan Asset Management Ltd 1.23% of their portfolio | 1.3m $116.1m | Reduced -7.4k |
| FEDERATED HERMES, INC. 0.31% of their portfolio | 1.3m $115.2m | Reduced -637.4k |
| RAYMOND JAMES & ASSOCIATES 0.10% of their portfolio | 1.2m $114.7m | Reduced -296.0k |
| ClearBridge Investments Ltd 3.41% of their portfolio | 1.1m $105.2m | Reduced -57.6k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 2.10% of their portfolio | 1.1m $104.7m | Reduced -422.1k |
| CREDIT SUISSE AG/ 0.10% of their portfolio | 1.1m $97.9m | Reduced -37.6k |
| NEUBERGER BERMAN GROUP LLC 0.09% of their portfolio | 1.0m $94.8m | Reduced -110.9k |
| NOMURA HOLDINGS INC 1.01% of their portfolio | 1.0m $93.4m | New |
| MACQUARIE GROUP LTD 0.09% of their portfolio | 987.2k $75.4m | Reduced -373.5k |
| Maple-Brown Abbott Ltd 10.41% of their portfolio | 986.3k $90.8m | Added +54.0k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 1.01% of their portfolio | 973.3k $89.6m | Added +972.6k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.16% of their portfolio | 953.2k $87.7m | Reduced -14.2k |
| RHUMBLINE ADVISERS 0.10% of their portfolio | 946.0k $87.1m | Reduced -14.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 922.6k $84.9m | Reduced -22.9k |
| 1832 Asset Management L.P. 0.18% of their portfolio | 918.5k $84.5m | Added +358.1k |
| Ninety One UK Ltd 0.26% of their portfolio | 881.7k $81.1m | Added +46.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.11% of their portfolio | 876.3k $81.8m | Added +118.9k |
| National Pension Service 0.13% of their portfolio | 872.7k $79.5m | Added +47.5k |
| Pacer Advisors, Inc. 0.31% of their portfolio | 867.0k $79.8m | Added +53.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.24% of their portfolio | 863.1k $79.4m | Added +31.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.06% of their portfolio | 863.1k $79.4m | Reduced -6.6k |
| D. E. Shaw & Co., Inc. 0.13% of their portfolio | 855.8k $78.8m | Added +111.0k |
| UniSuper Management Pty Ltd 0.96% of their portfolio | 852.4k $78.4m | Added +85.8k |
| Aberdeen Group plc 0.20% of their portfolio | 845.4k $77.8m | Added +544.5k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 840.9k $83.1m | Added +7.9k |
| LPL Financial LLC 0.05% of their portfolio | 836.8k $77.0m | Added +44.2k |
| Corient Private Wealth LP 0.17% of their portfolio | 825.2k $76.0m | Reduced -31.3k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 817.4k $75.2m | Added +244.9k |
| HSBC HOLDINGS PLC 0.08% of their portfolio | 813.4k $74.9m | Reduced -64.6k |
| FIRST TRUST ADVISORS LP 0.09% of their portfolio | 789.0k $72.6m | Added +94.5k |
| AQR CAPITAL MANAGEMENT LLC 0.14% of their portfolio | 716.0k $65.9m | Added +381.9k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.54% of their portfolio | 710.9k $65.4m | Added +32.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.09% of their portfolio | 702.5k $64.7m | Reduced -26.6k |
| MACKENZIE FINANCIAL CORP 0.10% of their portfolio | 702.2k $62.1m | Reduced -65.1k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 700.5k $64.5m | Reduced -66.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.10% of their portfolio | 695.4k $64.0m | Reduced -25.4k |
| SEI INVESTMENTS CO 0.11% of their portfolio | 683.6k $62.9m | Added +52.0k |
| NFJ INVESTMENT GROUP, LLC 1.83% of their portfolio | 682.6k $62.8m | Added +346.0k |
| CITIGROUP INC 0.09% of their portfolio | 681.6k $62.7m | Added +10.6k |
| Allianz Asset Management GmbH 0.12% of their portfolio | 650.9k $59.9m | Added +85.1k |
| Bahl & Gaynor LLC 0.38% of their portfolio | 640.4k $58.9m | Reduced -865.8k |
| CANADA LIFE ASSURANCE Co 0.14% of their portfolio | 639.9k $58.9m | Reduced -2.5k |
| Retirement Systems of Alabama 0.24% of their portfolio | 563.9k $51.9m | Added +1.5k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 552.9k $50.9m | Reduced -484.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 546.6k $50.3m | Added +310.5k |
| TORONTO DOMINION BANK 0.04% of their portfolio | 525.2k $48.3m | Reduced -15.3k |
| TRUIST FINANCIAL CORP 0.08% of their portfolio | 523.7k $48.2m | Reduced -139.1k |
| J.P. Morgan Private Wealth Advisors LLC 0.13% of their portfolio | 504.5k $46.4m | Reduced -609.7k |
| PANAGORA ASSET MANAGEMENT INC 0.28% of their portfolio | 494.8k $45.5m | Added +157.0k |