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 ($38.1m this quarter). Holder counts are more reliable. Shares outstanding: 434.6m as of 2024-07-29, 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 ≈ $97.65. Options: 30 managers hold calls ($299.0m notional), 26 hold puts ($865.1m).
Trends to Q2 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 |
| Q2 2024 | 1,128 |
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 |
| Q2 2024 | 489 | 646 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $302.7m | $171.0m | 0.57 |
| Q4 2023 | $380.8m | $339.3m | 0.89 |
| Q1 2024 | $292.3m | $262.9m | 0.90 |
| Q2 2024 | $299.0m | $865.1m | 2.89 |
Biggest buyers
| COHEN & STEERS, INC. | Added | +7.4m |
| BlackRock Inc. | Added | +4.6m |
| Daiwa Securities Group Inc. | Added | +2.5m |
| FMR LLC | Added | +2.4m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +2.0m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +1.7m |
| BANK OF MONTREAL /CAN/ | Added | +1.3m |
| COOKE & BIELER LP | Added | +1.3m |
| BANK OF AMERICA CORP /DE/ | Added | +730.0k |
| GOLDMAN SACHS GROUP INC | Added | +628.7k |
Biggest sellers
| MORGAN STANLEY | Reduced | -28.0m |
| Aristotle Capital Management, LLC | Reduced | -5.9m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -2.3m |
| Capital International Investors | Sold out | -1.2m |
| STATE STREET CORP | Reduced | -1.0m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Reduced | -860.4k |
| Walleye Capital LLC | Reduced | -859.5k |
| 1832 Asset Management L.P. | Reduced | -584.6k |
| Capital Research Global Investors | Reduced | -583.2k |
| Balyasny Asset Management L.P. | Reduced | -502.4k |
Biggest calls
| Walleye Capital LLC | Added | $63.5m650.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $58.9m602.6k shares |
| CITADEL ADVISORS LLC | Added | $32.7m335.2k shares |
| SIMPLEX TRADING, LLC | Added | $20.8m213.2k shares |
| UBS Group AG | New | $16.0m164.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $15.9m163.0k shares |
| WOLVERINE TRADING, LLC | Added | $14.4m147.2k shares |
| Squarepoint Ops LLC | Added | $13.4m137.0k shares |
| Chescapmanager LLC | New | $9.8m100.0k shares |
| IMC-Chicago, LLC | Added | $6.8m69.3k shares |
Biggest puts
| LM Advisors LLC | New | $698.8m0 shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $26.6m271.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $23.0m235.5k shares |
| CITADEL ADVISORS LLC | Reduced | $20.3m207.7k shares |
| NOMURA HOLDINGS INC | Added | $14.8m151.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $12.9m132.4k shares |
| GTS SECURITIES LLC | Added | $10.5m107.7k shares |
| D. E. Shaw & Co., Inc. | Reduced | $8.8m90.5k shares |
| JANE STREET GROUP, LLC | Reduced | $8.6m87.6k shares |
| Westchester Capital Management, LLC | Reduced | $8.0m82.1k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2024 | 1 | $1.9k | 1 | $4.1k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-05-09 | PATEL SUNIT S Director | Sold | $4.1k42 shares |
| 2024-04-02 | Genrich Jason Director | Bought | $1.9k18 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 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.11% of their portfolio | 56.5m $5.5bn | Reduced -64.0k |
| BlackRock Inc. 0.09% of their portfolio | 40.9m $4.0bn | Added +4.6m |
| COHEN & STEERS, INC. 4.64% of their portfolio | 22.6m $2.2bn | Added +7.4m |
| STATE STREET CORP 0.09% of their portfolio | 20.1m $2.0bn | Reduced -1.0m |
| FMR LLC 0.10% of their portfolio | 15.3m $1.5bn | Added +2.4m |
| WELLINGTON MANAGEMENT GROUP LLP 0.25% of their portfolio | 14.2m $1.4bn | Added +2.0m |
| MORGAN STANLEY 0.10% of their portfolio | 13.6m $1.3bn | Reduced -28.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.10% of their portfolio | 12.0m $1.2bn | Added +1.7m |
| Capital World Investors 0.18% of their portfolio | 11.2m $1.1bn | Reduced -106.9k |
| BANK OF AMERICA CORP /DE/ 0.07% of their portfolio | 7.9m $768.5m | Added +730.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.56% of their portfolio | 6.1m $599.6m | Reduced -331.4k |
| DIMENSIONAL FUND ADVISORS LP 0.15% of their portfolio | 6.0m $588.7m | Reduced -65.2k |
| Legal & General Group Plc 0.15% of their portfolio | 5.4m $523.5m | Reduced -40.3k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 5.3m $513.5m | Added +118.2k |
| NORGES BANK 0.07% of their portfolio | 5.0m $489.8m | Reduced -388.7k |
| Fisher Asset Management, LLC 0.21% of their portfolio | 4.9m $477.2m | Added +215.5k |
| BARCLAYS PLC 0.22% of their portfolio | 4.8m $471.6m | Added +38.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.09% of their portfolio | 4.8m $465.6m | Reduced -860.4k |
| ROYAL BANK OF CANADA 0.11% of their portfolio | 4.5m $444.1m | Reduced -389.0k |
| NATIONAL BANK OF CANADA /FI/ 0.60% of their portfolio | 4.0m $387.3m | Added +391.1k |
| NORTHERN TRUST CORP 0.07% of their portfolio | 4.0m $389.1m | Reduced -130.7k |
| Nuveen Asset Management, LLC 0.10% of their portfolio | 3.5m $338.3m | Added +10.6k |
| FIL Ltd 0.33% of their portfolio | 3.4m $333.9m | Added +141 |
| LONDON CO OF VIRGINIA 1.83% of their portfolio | 3.3m $324.8m | Reduced -96.1k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 3.3m $317.6m | Added +628.7k |
| AMERIPRISE FINANCIAL INC 0.08% of their portfolio | 3.0m $292.7m | Added +21.2k |
| Invesco Ltd. 0.06% of their portfolio | 2.9m $283.5m | Added +36.9k |
| DEUTSCHE BANK AG\ 0.12% of their portfolio | 2.7m $264.8m | Reduced -67.6k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 2.7m $264.5m | Reduced -70.7k |
| COOKE & BIELER LP 2.43% of their portfolio | 2.6m $252.0m | Added +1.3m |
| ClearBridge Investments Ltd 7.28% of their portfolio | 2.6m $249.4m | Reduced -79.9k |
| Daiwa Securities Group Inc. 1.31% of their portfolio | 2.5m $246.6m | Added +2.5m |
| Amundi 0.09% of their portfolio | 2.4m $233.5m | Reduced -138.8k |
| M&G PLC 1.25% of their portfolio | 2.2m $211.5m | Added +68.1k |
| California Public Employees Retirement System 0.15% of their portfolio | 2.1m $204.7m | Reduced -400.1k |
| BANK OF MONTREAL /CAN/ 0.06% of their portfolio | 2.0m $195.2m | Added +1.3m |
| Pictet Asset Management Holding SA 0.22% of their portfolio | 1.9m $189.0m | Reduced -15.8k |
| Capital Research Global Investors 0.04% of their portfolio | 1.9m $182.2m | Reduced -583.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 1.8m $174.5m | Added +3.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio | 1.7m $162.5m | Reduced -120.8k |
| HSBC HOLDINGS PLC 0.10% of their portfolio | 1.6m $157.6m | Added +60.3k |
| LAZARD ASSET MANAGEMENT LLC 0.20% of their portfolio | 1.6m $156.1m | Reduced -68.1k |
| Brookfield Corp /ON/ 0.95% of their portfolio | 1.5m $150.9m | Added +15.1k |
| Mitsubishi UFJ Trust & Banking Corp 0.34% of their portfolio | 1.5m $144.8m | Reduced -416.1k |
| UBS Group AG 0.04% of their portfolio | 1.4m $141.0m | Reduced -28.3k |
| GATES FOUNDATION TRUST 0.29% of their portfolio | 1.4m $138.7m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 1.4m $132.7m | Reduced -55.7k |
| Magellan Asset Management Ltd 1.22% of their portfolio | 1.3m $128.0m | Added +190.7k |
| Swiss National Bank 0.09% of their portfolio | 1.3m $125.7m | Reduced -12.4k |
| Elliott Investment Management L.P. 1.15% of their portfolio | 1.2m $119.7m | Unchanged |
| MACQUARIE GROUP LTD 0.13% of their portfolio | 1.2m $116.7m | Added +35.9k |
| Cullen Capital Management, LLC 1.29% of their portfolio | 1.1m $111.8m | Added +304.6k |
| STIFEL FINANCIAL CORP 0.13% of their portfolio | 1.1m $111.5m | Reduced -41.8k |
| SEI INVESTMENTS CO 0.15% of their portfolio | 1.1m $107.4m | Reduced -299 |
| Aberdeen Group plc 0.20% of their portfolio | 1.1m $103.8m | Added +67.5k |
| Ensign Peak Advisors, Inc 0.19% of their portfolio | 1.1m $103.6m | Reduced -495.8k |
| Russell Investments Group, Ltd. 0.16% of their portfolio | 1.0m $100.1m | Added +397.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.10% of their portfolio | 1.0m $98.3m | Reduced -164.9k |
| Thrivent Financial for Lutherans 0.19% of their portfolio | 982.2k $96.0m | Added +147.4k |
| National Pension Service 0.11% of their portfolio | 961.9k $94.0m | Added +40.6k |
| Maple-Brown Abbott Ltd 9.90% of their portfolio | 961.4k $93.9m | Added +66.0k |
| NORDEA INVESTMENT MANAGEMENT AB 0.11% of their portfolio | 948.0k $92.7m | Added +71.8k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.17% of their portfolio | 939.8k $91.8m | Reduced -28.8k |
| RHUMBLINE ADVISERS 0.09% of their portfolio | 928.1k $90.7m | Added +8.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 854.0k $83.4m | Reduced -77.4k |
| CITIGROUP INC 0.08% of their portfolio | 840.2k $82.1m | Added +59.4k |
| NOMURA HOLDINGS INC 0.52% of their portfolio | 834.0k $81.5m | Reduced -19.9k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.24% of their portfolio | 831.0k $81.2m | Reduced -316.5k |
| NATIXIS 0.50% of their portfolio | 813.4k $79.5m | Added +133.3k |
| Allianz Asset Management GmbH 0.13% of their portfolio | 808.6k $79.0m | Added +70.0k |
| RAYMOND JAMES & ASSOCIATES 0.05% of their portfolio | 770.2k $75.3m | Reduced -139.2k |
| DigitalBridge Group, Inc. 6.56% of their portfolio | 759.2k $74.2m | Reduced -83.8k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.34% of their portfolio | 749.2k $73.2m | Reduced -73.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 743.5k $72.6m | Reduced -2.3m |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.47% of their portfolio | 732.9k $71.6m | Added +35.7k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 710.8k $69.4m | Added +48.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 709.2k $69.3m | Reduced -7.2k |
| Retirement Systems of Alabama 0.26% of their portfolio | 692.2k $67.6m | Added +130.6k |
| CANADA LIFE ASSURANCE Co 0.12% of their portfolio | 625.5k $61.2m | Reduced -28.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 618.2k $60.4m | Reduced -403.5k |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 1.91% of their portfolio | 589.8k $57.6m | Added +108.3k |
| Ninety One UK Ltd 0.16% of their portfolio | 587.4k $57.4m | Reduced -227.9k |
| Corient Private Wealth LP 0.10% of their portfolio | 571.1k $55.8m | Reduced -34.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio | 570.9k $55.8m | Added +53.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 549.1k $53.6m | Added +10.3k |
| AVIVA PLC 0.14% of their portfolio | 530.2k $51.8m | Added +120.2k |
| NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio | 528.6k $51.6m | Reduced -112.7k |
| UniSuper Management Pty Ltd 0.42% of their portfolio | 517.5k $50.6m | Added +87.3k |
| Homestead Advisers Corp 1.21% of their portfolio | 503.0k $49.1m | Reduced -10.3k |
| MIZUHO MARKETS AMERICAS LLC 1.35% of their portfolio | 500.0k $48.9m | Unchanged |
| Balyasny Asset Management L.P. 0.11% of their portfolio | 446.4k $43.6m | Reduced -502.4k |
| Nan Shan Life Insurance Co., Ltd. 1.03% of their portfolio | 443.8k $43.4m | Unchanged |
| LPL Financial LLC 0.02% of their portfolio | 439.6k $42.9m | Reduced -285.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.08% of their portfolio | 422.9k $41.3m | Reduced -52.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 407.8k $39.8m | Reduced -241.6k |
| Maryland State Retirement & Pension System 0.72% of their portfolio | 402.3k $39.3m | Reduced -1.9k |
| ING GROEP NV 0.23% of their portfolio | 399.5k $39.0m | Reduced -242.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.07% of their portfolio | 391.8k $38.3m | Reduced -33.6k |
| CADEN CAPITAL PARTNERS, LP 13.73% of their portfolio | 388.7k $38.0m | Added +46.7k |
| NFJ INVESTMENT GROUP, LLC 1.15% of their portfolio | 383.6k $37.5m | Reduced -209.7k |