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 ($111.1m 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 ≈ $115.18. Options: 36 managers hold calls ($380.8m notional), 35 hold puts ($339.3m).
Trends to Q4 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 |
| Q4 2023 | 1,241 |
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 |
| Q4 2023 | 524 | 663 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $215.1m | $133.2m | 0.62 |
| Q2 2023 | $197.3m | $123.0m | 0.62 |
| Q3 2023 | $302.7m | $171.0m | 0.57 |
| Q4 2023 | $380.8m | $339.3m | 0.89 |
Biggest buyers
| MORGAN STANLEY | Added | +13.4m |
| BlackRock Inc. | Added | +2.7m |
| BARCLAYS PLC | Added | +2.4m |
| MIZUHO MARKETS AMERICAS LLC | New | +1.8m |
| Balyasny Asset Management L.P. | Added | +1.6m |
| AMERIPRISE FINANCIAL INC | Added | +1.5m |
| JPMORGAN CHASE & CO | Added | +1.4m |
| Ensign Peak Advisors, Inc | Added | +1.3m |
| Elliott Investment Management L.P. | New | +1.2m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.1m |
Biggest sellers
| Capital Research Global Investors | Reduced | -4.5m |
| Invesco Ltd. | Reduced | -2.1m |
| ROYAL BANK OF CANADA | Reduced | -1.5m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -1.5m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -1.4m |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | Reduced | -972.6k |
| FRANKLIN RESOURCES INC | Reduced | -940.9k |
| D. E. Shaw & Co., Inc. | Reduced | -816.3k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -723.0k |
| MACKENZIE FINANCIAL CORP | Reduced | -664.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $85.3m740.8k shares |
| CITADEL ADVISORS LLC | Reduced | $40.6m352.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $40.4m351.0k shares |
| Twin Tree Management, LP | Added | $27.9m242.6k shares |
| SIMPLEX TRADING, LLC | Added | $27.7m240.4k shares |
| Squarepoint Ops LLC | Added | $19.0m164.8k shares |
| JANE STREET GROUP, LLC | Added | $14.9m129.3k shares |
| DigitalBridge Group, Inc. | Added | $14.8m128.9k shares |
| JPMORGAN CHASE & CO | New | $14.6m126.6k shares |
| NOMURA HOLDINGS INC | New | $12.7m110.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $47.1m409.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $46.4m402.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $39.4m342.3k shares |
| BANK OF AMERICA CORP /DE/ | Added | $32.0m278.1k shares |
| SIMPLEX TRADING, LLC | Added | $29.6m256.9k shares |
| Squarepoint Ops LLC | Added | $19.0m164.7k shares |
| JANE STREET GROUP, LLC | Added | $16.5m143.1k shares |
| Point72 Asset Management, L.P. | New | $16.4m142.0k shares |
| NOMURA HOLDINGS INC | New | $15.3m132.5k shares |
| D. E. Shaw & Co., Inc. | Reduced | $12.4m107.5k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q4 2023 | 0 | — | 1 | $171.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-12-14 | Collins Robert Sean Vice President and Controller | Sold | $171.2k1.5k 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, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.14% of their portfolio | 55.9m $6.4bn | Reduced -273.3k |
| BlackRock Inc. 0.10% of their portfolio | 35.3m $4.1bn | Added +2.7m |
| MORGAN STANLEY 0.13% of their portfolio | 26.5m $3.0bn | Added +13.4m |
| STATE STREET CORP 0.12% of their portfolio | 21.4m $2.5bn | Added +863.8k |
| FMR LLC 0.11% of their portfolio | 12.5m $1.4bn | Added +527.5k |
| COHEN & STEERS, INC. 2.65% of their portfolio | 11.4m $1.3bn | Added +834.2k |
| Capital World Investors 0.23% of their portfolio | 11.3m $1.3bn | Reduced -561.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.24% of their portfolio | 11.3m $1.3bn | Added +1.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.12% of their portfolio | 9.7m $1.1bn | Added +170.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.46% of their portfolio | 6.7m $768.2m | Reduced -414.6k |
| BANK OF AMERICA CORP /DE/ 0.08% of their portfolio | 6.3m $723.2m | Reduced -447.2k |
| DIMENSIONAL FUND ADVISORS LP 0.20% of their portfolio | 6.0m $696.6m | Added +1.8k |
| Aristotle Capital Management, LLC 1.34% of their portfolio | 5.9m $682.1m | Reduced -395.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.16% of their portfolio | 5.5m $626.0m | Added +122.9k |
| BARCLAYS PLC 0.32% of their portfolio | 5.5m $629.4m | Added +2.4m |
| Legal & General Group Plc 0.19% of their portfolio | 5.3m $609.3m | Reduced -278.6k |
| NORGES BANK 0.10% of their portfolio | 5.0m $581.5m | Added +605.1k |
| Fisher Asset Management, LLC 0.28% of their portfolio | 4.5m $523.8m | Added +632.4k |
| NORTHERN TRUST CORP 0.09% of their portfolio | 4.3m $498.7m | Reduced -206.6k |
| ROYAL BANK OF CANADA 0.12% of their portfolio | 4.3m $490.1m | Reduced -1.5m |
| GOLDMAN SACHS GROUP INC 0.10% of their portfolio | 3.8m $441.1m | Reduced -434.7k |
| DEUTSCHE BANK AG\ 0.22% of their portfolio | 3.8m $436.0m | Reduced -467.6k |
| FIL Ltd 0.43% of their portfolio | 3.5m $406.5m | Added +48.9k |
| Nuveen Asset Management, LLC 0.13% of their portfolio | 3.4m $391.4m | Reduced -166.6k |
| NATIONAL BANK OF CANADA /FI/ 0.71% of their portfolio | 3.4m $394.0m | Added +493.9k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 3.4m $388.3m | Added +1.4m |
| Ensign Peak Advisors, Inc 0.72% of their portfolio | 3.1m $362.6m | Added +1.3m |
| Invesco Ltd. 0.09% of their portfolio | 3.1m $361.9m | Reduced -2.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.14% of their portfolio | 3.1m $356.7m | Added +162.5k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 2.9m $334.9m | Reduced -90.3k |
| Capital Research Global Investors 0.08% of their portfolio | 2.8m $325.0m | Reduced -4.5m |
| Amundi 0.14% of their portfolio | 2.8m $312.9m | Added +130.3k |
| California Public Employees Retirement System 0.22% of their portfolio | 2.5m $290.3m | Added +27.3k |
| AMERIPRISE FINANCIAL INC 0.08% of their portfolio | 2.3m $265.6m | Added +1.5m |
| ClearBridge Investments Ltd 7.11% of their portfolio | 2.2m $253.9m | Added +1.1m |
| Pictet Asset Management Holding SA 0.26% of their portfolio | 2.1m $239.7m | Reduced -16.8k |
| M&G INVESTMENT MANAGEMENT LTD 1.39% of their portfolio | 2.0m $233.2m | Reduced -423.0k |
| Mitsubishi UFJ Trust & Banking Corp 0.51% of their portfolio | 1.9m $216.6m | Reduced -662.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio | 1.8m $208.8m | Added +9.5k |
| LONDON CO OF VIRGINIA 1.16% of their portfolio | 1.8m $206.3m | Reduced -172.0k |
| MIZUHO MARKETS AMERICAS LLC 6.08% of their portfolio | 1.8m $201.6m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 1.7m $194.4m | Reduced -197.4k |
| LAZARD ASSET MANAGEMENT LLC 0.24% of their portfolio | 1.7m $193.0m | Reduced -46.9k |
| Balyasny Asset Management L.P. 0.53% of their portfolio | 1.7m $190.2m | Added +1.6m |
| HSBC HOLDINGS PLC 0.17% of their portfolio | 1.6m $186.5m | Added +806.6k |
| Brookfield Corp /ON/ 0.95% of their portfolio | 1.4m $166.5m | Reduced -83.6k |
| WELLS FARGO & COMPANY/MN 0.05% of their portfolio | 1.4m $166.2m | Reduced -379.9k |
| GATES FOUNDATION TRUST 0.39% of their portfolio | 1.4m $163.6m | Unchanged |
| Swiss National Bank 0.11% of their portfolio | 1.4m $156.2m | Reduced -38.9k |
| UBS Group AG 0.06% of their portfolio | 1.3m $148.7m | Reduced -170.1k |
| FRANKLIN RESOURCES INC 0.07% of their portfolio | 1.3m $147.0m | Reduced -940.9k |
| Elliott Investment Management L.P. 1.55% of their portfolio | 1.2m $141.1m | New |
| STIFEL FINANCIAL CORP 0.17% of their portfolio | 1.2m $137.0m | Reduced -240.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.17% of their portfolio | 1.2m $136.9m | Reduced -474.2k |
| Magellan Asset Management Ltd 1.36% of their portfolio | 1.2m $136.8m | Reduced -73.7k |
| MACQUARIE GROUP LTD 0.15% of their portfolio | 1.1m $128.6m | Added +129.4k |
| BANK OF MONTREAL /CAN/ 0.04% of their portfolio | 1.1m $129.1m | Added +270.8k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 2.26% of their portfolio | 1.1m $124.2m | Reduced -58.9k |
| COOKE & BIELER LP 1.06% of their portfolio | 1.0m $120.2m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.12% of their portfolio | 1.0m $120.1m | Reduced -723.0k |
| MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio | 1.0m $118.2m | Added +473.1k |
| RAYMOND JAMES & ASSOCIATES 0.09% of their portfolio | 1.0m $116.9m | Reduced -231.0k |
| NATIXIS 0.85% of their portfolio | 973.6k $112.2m | Added +915.7k |
| CREDIT SUISSE AG/ 0.11% of their portfolio | 972.6k $112.0m | Reduced -91.1k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.34% of their portfolio | 968.2k $111.5m | Added +15.0k |
| RHUMBLINE ADVISERS 0.11% of their portfolio | 945.3k $108.9m | Reduced -678 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.30% of their portfolio | 941.4k $108.4m | Added +78.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 923.3k $106.4m | Added +670 |
| Aberdeen Group plc 0.23% of their portfolio | 919.9k $106.0m | Added +74.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.07% of their portfolio | 919.1k $105.9m | Added +56.0k |
| Maple-Brown Abbott Ltd 10.66% of their portfolio | 908.8k $104.7m | Reduced -77.5k |
| UniSuper Management Pty Ltd 1.15% of their portfolio | 899.4k $103.6m | Added +46.9k |
| National Pension Service 0.14% of their portfolio | 898.1k $103.4m | Added +25.4k |
| NEUBERGER BERMAN GROUP LLC 0.09% of their portfolio | 862.5k $99.3m | Reduced -168.0k |
| CIBC WORLD MARKETS CORP 0.54% of their portfolio | 858.0k $98.8m | Added +821.1k |
| Artisan Partners Limited Partnership 0.15% of their portfolio | 855.4k $98.5m | New |
| Ninety One UK Ltd 0.29% of their portfolio | 847.8k $97.7m | Reduced -34.0k |
| DigitalBridge Group, Inc. 9.97% of their portfolio | 844.3k $97.3m | Added +399.1k |
| SEI INVESTMENTS CO 0.15% of their portfolio | 837.6k $96.5m | Added +154.0k |
| NOMURA HOLDINGS INC 0.86% of their portfolio | 832.6k $95.9m | Reduced -182.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.12% of their portfolio | 823.5k $94.9m | Reduced -52.8k |
| MKP Capital Management, L.L.C. 5.49% of their portfolio | 770.0k $88.7m | New |
| Allianz Asset Management GmbH 0.16% of their portfolio | 739.0k $85.1m | Added +88.0k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 733.5k $84.5m | Added +33.0k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.60% of their portfolio | 723.3k $83.3m | Added +12.4k |
| LPL Financial LLC 0.05% of their portfolio | 717.3k $82.6m | Reduced -119.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.11% of their portfolio | 706.8k $81.4m | Added +11.4k |
| Pacer Advisors, Inc. 0.23% of their portfolio | 697.4k $80.3m | Reduced -169.6k |
| FEDERATED HERMES, INC. 0.19% of their portfolio | 669.8k $77.2m | Reduced -581.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.10% of their portfolio | 651.6k $75.1m | Reduced -51.0k |
| Partners Group Holding AG 3.70% of their portfolio | 643.8k $74.2m | Added +301.5k |
| FIRST TRUST ADVISORS LP 0.08% of their portfolio | 637.2k $73.4m | Reduced -151.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.13% of their portfolio | 627.5k $72.3m | Added +247.5k |
| CANADA LIFE ASSURANCE Co 0.16% of their portfolio | 622.8k $71.3m | Reduced -17.1k |
| Cullen Capital Management, LLC 1.05% of their portfolio | 612.7k $70.6m | Added +281.8k |
| NFJ INVESTMENT GROUP, LLC 1.95% of their portfolio | 612.3k $70.5m | Reduced -70.2k |
| CITIGROUP INC 0.09% of their portfolio | 610.8k $70.4m | Reduced -70.8k |
| Corient Private Wealth LP 0.13% of their portfolio | 602.0k $69.3m | Reduced -223.2k |
| PANAGORA ASSET MANAGEMENT INC 0.36% of their portfolio | 562.9k $64.8m | Added +68.1k |
| Retirement Systems of Alabama 0.27% of their portfolio | 561.5k $64.7m | Reduced -2.4k |