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 ($66.6m this quarter). Holder counts are more reliable. Shares outstanding: 434.5m as of 2024-04-29, 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 ≈ $105.69. Options: 36 managers hold calls ($292.3m notional), 30 hold puts ($262.9m).
Trends to Q1 2024
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 |
| Q1 2024 | 1,200 |
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 |
| Q1 2024 | 579 | 597 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $197.3m | $123.0m | 0.62 |
| Q3 2023 | $302.7m | $171.0m | 0.57 |
| Q4 2023 | $380.8m | $339.3m | 0.89 |
| Q1 2024 | $292.3m | $262.9m | 0.90 |
Biggest buyers
| MORGAN STANLEY | Added | +15.1m |
| COHEN & STEERS, INC. | Added | +3.8m |
| JPMORGAN CHASE & CO | Added | +1.8m |
| LONDON CO OF VIRGINIA | Added | +1.6m |
| Capital International Investors | Added | +1.2m |
| BlackRock Inc. | Added | +936.8k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Added | +932.1k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +905.4k |
| BANK OF AMERICA CORP /DE/ | Added | +857.1k |
| Thrivent Financial for Lutherans | Added | +733.1k |
Biggest sellers
| Ensign Peak Advisors, Inc | Reduced | -1.6m |
| MIZUHO MARKETS AMERICAS LLC | Reduced | -1.2m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.2m |
| DEUTSCHE BANK AG\ | Reduced | -1.0m |
| FRANKLIN RESOURCES INC | Reduced | -864.1k |
| Artisan Partners Limited Partnership | Sold out | -855.4k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -826.2k |
| MKP Capital Management, L.L.C. | Sold out | -770.0k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -714.5k |
| Balyasny Asset Management L.P. | Reduced | -702.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $73.5m694.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $28.9m273.1k shares |
| CITADEL ADVISORS LLC | Reduced | $26.2m247.8k shares |
| BANK OF AMERICA CORP /DE/ | Added | $23.1m218.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $22.0m207.9k shares |
| Walleye Capital LLC | Added | $18.1m171.5k shares |
| Twin Tree Management, LP | Reduced | $13.7m129.3k shares |
| JPMORGAN CHASE & CO | Added | $13.6m128.2k shares |
| Squarepoint Ops LLC | Reduced | $11.4m107.5k shares |
| JANE STREET GROUP, LLC | Reduced | $8.7m82.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $48.4m457.5k shares |
| CITADEL ADVISORS LLC | Reduced | $35.9m339.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $28.1m265.5k shares |
| D. E. Shaw & Co., Inc. | Added | $22.5m212.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $19.5m184.6k shares |
| Westchester Capital Management, LLC | Added | $15.7m147.9k shares |
| NOMURA HOLDINGS INC | Unchanged | $14.0m132.5k shares |
| Caption Management, LLC | New | $12.8m121.1k shares |
| JANE STREET GROUP, LLC | Reduced | $12.2m115.1k shares |
| GROUP ONE TRADING LLC | Added | $7.6m71.8k 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 Q1 2024
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 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 | — |
| Q1 2024 | 1 | $10.8k | 1 | $368.8k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-03-05 | Collins Robert Sean Vice President and Controller | Sold | $368.8k3.2k shares |
| 2024-01-18 | Genrich Jason Director | Bought | $10.8k99 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, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.12% of their portfolio | 56.6m $6.0bn | Added +673.2k |
| MORGAN STANLEY 0.12% of their portfolio | 41.6m $4.4bn | Added +15.1m |
| BlackRock Inc. 0.09% of their portfolio | 36.3m $3.8bn | Added +936.8k |
| STATE STREET CORP 0.10% of their portfolio | 21.2m $2.2bn | Reduced -254.8k |
| COHEN & STEERS, INC. 3.36% of their portfolio | 15.2m $1.6bn | Added +3.8m |
| FMR LLC 0.09% of their portfolio | 12.9m $1.4bn | Added +393.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.23% of their portfolio | 12.2m $1.3bn | Added +905.4k |
| Capital World Investors 0.20% of their portfolio | 11.3m $1.2bn | Added +8.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.10% of their portfolio | 10.2m $1.1bn | Added +515.1k |
| BANK OF AMERICA CORP /DE/ 0.07% of their portfolio | 7.1m $755.2m | Added +857.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.63% of their portfolio | 6.5m $684.6m | Reduced -200.0k |
| DIMENSIONAL FUND ADVISORS LP 0.17% of their portfolio | 6.1m $644.6m | Added +43.2k |
| Aristotle Capital Management, LLC 1.16% of their portfolio | 5.9m $626.8m | Added +842 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.14% of their portfolio | 5.6m $590.3m | Added +147.1k |
| NORGES BANK 0.09% of their portfolio | 5.4m $571.7m | Added +353.4k |
| Legal & General Group Plc 0.16% of their portfolio | 5.4m $571.3m | Added +108.5k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 5.1m $543.8m | Added +1.8m |
| ROYAL BANK OF CANADA 0.13% of their portfolio | 4.9m $522.2m | Added +679.7k |
| BARCLAYS PLC 0.23% of their portfolio | 4.8m $506.7m | Reduced -676.1k |
| Fisher Asset Management, LLC 0.23% of their portfolio | 4.7m $494.1m | Added +122.0k |
| NORTHERN TRUST CORP 0.08% of their portfolio | 4.1m $435.3m | Reduced -216.2k |
| NATIONAL BANK OF CANADA /FI/ 0.63% of their portfolio | 3.6m $362.7m | Added +265.3k |
| Nuveen Asset Management, LLC 0.11% of their portfolio | 3.5m $365.3m | Added +60.3k |
| LONDON CO OF VIRGINIA 1.91% of their portfolio | 3.4m $362.0m | Added +1.6m |
| FIL Ltd 0.36% of their portfolio | 3.4m $361.7m | Reduced -111.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.12% of their portfolio | 3.1m $326.3m | Reduced -13.2k |
| AMERIPRISE FINANCIAL INC 0.09% of their portfolio | 3.0m $314.8m | Added +670.0k |
| Invesco Ltd. 0.07% of their portfolio | 2.9m $303.2m | Reduced -277.1k |
| DEUTSCHE BANK AG\ 0.14% of their portfolio | 2.8m $294.0m | Reduced -1.0m |
| Bank of New York Mellon Corp 0.06% of their portfolio | 2.8m $294.0m | Reduced -129.1k |
| ClearBridge Investments Ltd 7.94% of their portfolio | 2.6m $278.6m | Added +428.6k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 2.6m $277.5m | Reduced -1.2m |
| Amundi 0.10% of their portfolio | 2.6m $241.0m | Reduced -197.0k |
| California Public Employees Retirement System 0.19% of their portfolio | 2.5m $264.0m | Reduced -25.6k |
| Capital Research Global Investors 0.06% of their portfolio | 2.4m $259.1m | Reduced -373.1k |
| M&G PLC 1.32% of their portfolio | 2.1m $221.6m | First filing |
| Pictet Asset Management Holding SA 0.22% of their portfolio | 1.9m $206.3m | Reduced -130.7k |
| Mitsubishi UFJ Trust & Banking Corp 0.45% of their portfolio | 1.9m $198.2m | Added +17.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.07% of their portfolio | 1.8m $188.8m | Reduced -28.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 1.8m $188.7m | Added +95.7k |
| LAZARD ASSET MANAGEMENT LLC 0.21% of their portfolio | 1.7m $176.3m | Reduced -10.2k |
| Ensign Peak Advisors, Inc 0.30% of their portfolio | 1.6m $164.7m | Reduced -1.6m |
| HSBC HOLDINGS PLC 0.12% of their portfolio | 1.6m $164.3m | Reduced -66.8k |
| Brookfield Corp /ON/ 0.96% of their portfolio | 1.5m $161.9m | Added +83.9k |
| UBS Group AG 0.05% of their portfolio | 1.5m $155.7m | Added +180.7k |
| GATES FOUNDATION TRUST 0.33% of their portfolio | 1.4m $150.3m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 1.4m $149.6m | Reduced -29.6k |
| COOKE & BIELER LP 1.29% of their portfolio | 1.3m $139.4m | Added +273.6k |
| Swiss National Bank 0.10% of their portfolio | 1.3m $137.5m | Reduced -57.3k |
| Capital International Investors 0.03% of their portfolio | 1.2m $131.2m | Added +1.2m |
| Elliott Investment Management L.P. 1.29% of their portfolio | 1.2m $129.6m | Unchanged |
| STIFEL FINANCIAL CORP 0.14% of their portfolio | 1.2m $125.2m | Reduced -5.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.13% of their portfolio | 1.2m $124.0m | Reduced -17.5k |
| MACQUARIE GROUP LTD 0.14% of their portfolio | 1.2m $122.6m | Added +41.6k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.43% of their portfolio | 1.1m $121.4m | Added +932.1k |
| Magellan Asset Management Ltd 1.13% of their portfolio | 1.1m $118.5m | Reduced -67.8k |
| SEI INVESTMENTS CO 0.17% of their portfolio | 1.1m $116.4m | Added +262.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.13% of their portfolio | 1.0m $108.1m | Added +394.2k |
| Aberdeen Group plc 0.21% of their portfolio | 994.4k $105.2m | Added +74.5k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.23% of their portfolio | 968.6k $102.5m | Added +432 |
| Balyasny Asset Management L.P. 0.26% of their portfolio | 948.8k $100.4m | Reduced -702.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 931.4k $98.6m | Added +8.1k |
| National Pension Service 0.12% of their portfolio | 921.3k $97.5m | Added +23.2k |
| RHUMBLINE ADVISERS 0.09% of their portfolio | 919.5k $97.3m | Reduced -25.8k |
| RAYMOND JAMES & ASSOCIATES 0.07% of their portfolio | 909.4k $96.2m | Reduced -105.5k |
| Walleye Capital LLC 1.04% of their portfolio | 905.4k $95.8m | Added +462.5k |
| Maple-Brown Abbott Ltd 9.70% of their portfolio | 895.4k $94.8m | Reduced -13.4k |
| CREDIT SUISSE AG/ 0.09% of their portfolio | 894.7k $94.7m | Reduced -77.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.11% of their portfolio | 876.1k $92.9m | Added +52.6k |
| NOMURA HOLDINGS INC 0.73% of their portfolio | 853.9k $90.4m | Added +21.3k |
| DigitalBridge Group, Inc. 8.09% of their portfolio | 843.0k $89.2m | Reduced -1.3k |
| Cullen Capital Management, LLC 0.99% of their portfolio | 840.2k $88.9m | Added +227.6k |
| Thrivent Financial for Lutherans 0.18% of their portfolio | 834.8k $88.3m | Added +733.1k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.61% of their portfolio | 822.4k $87.0m | Reduced -256.0k |
| 1832 Asset Management L.P. 0.16% of their portfolio | 818.8k $86.7m | Added +279.5k |
| Ninety One UK Ltd 0.24% of their portfolio | 815.3k $86.3m | Reduced -32.5k |
| CITIGROUP INC 0.09% of their portfolio | 780.7k $82.6m | Added +169.9k |
| Allianz Asset Management GmbH 0.13% of their portfolio | 738.6k $78.2m | Reduced -402 |
| LPL Financial LLC 0.04% of their portfolio | 725.0k $76.7m | Added +7.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.10% of their portfolio | 716.3k $75.8m | Added +9.5k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.51% of their portfolio | 697.2k $73.8m | Reduced -26.1k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 696.9k $73.6m | Reduced -414.9k |
| Pacer Advisors, Inc. 0.17% of their portfolio | 680.5k $72.0m | Reduced -16.9k |
| NATIXIS 0.40% of their portfolio | 680.0k $72.0m | Reduced -293.6k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 662.8k $70.1m | Reduced -70.7k |
| CANADA LIFE ASSURANCE Co 0.14% of their portfolio | 653.9k $69.2m | Added +31.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.09% of their portfolio | 649.4k $68.7m | Reduced -2.2k |
| ING GROEP NV 0.47% of their portfolio | 641.4k $67.9m | Added +474.0k |
| NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio | 641.3k $67.9m | Reduced -221.1k |
| Russell Investments Group, Ltd. 0.10% of their portfolio | 627.5k $66.4m | Added +246.0k |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 625.3k $66.2m | Reduced -11.9k |
| Corient Private Wealth LP 0.11% of their portfolio | 605.2k $64.0m | Added +3.2k |
| NFJ INVESTMENT GROUP, LLC 1.71% of their portfolio | 593.3k $62.8m | Reduced -19.0k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.16% of their portfolio | 566.4k $59.9m | Reduced -375.0k |
| Retirement Systems of Alabama 0.23% of their portfolio | 561.5k $59.4m | Added +72 |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 538.8k $57.0m | Reduced -380.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.08% of their portfolio | 518.0k $54.8m | Added +91.4k |
| Homestead Advisers Corp 1.27% of their portfolio | 513.3k $54.3m | Reduced -900 |
| MIZUHO MARKETS AMERICAS LLC 1.44% of their portfolio | 500.0k $52.9m | Reduced -1.2m |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 1.84% of their portfolio | 481.5k $51.0m | Added +65.8k |