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 ($45.0m this quarter). Holder counts are more reliable. Shares outstanding: 434.6m as of 2024-10-28, 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 ≈ $118.22. Options: 31 managers hold calls ($366.3m notional), 26 hold puts ($239.7m).
Trends to Q3 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 |
| Q3 2024 | 1,158 |
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 |
| Q3 2024 | 551 | 538 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $380.8m | $339.3m | 0.89 |
| Q1 2024 | $292.3m | $262.9m | 0.90 |
| Q2 2024 | $299.0m | $865.1m | 2.89 |
| Q3 2024 | $366.3m | $239.7m | 0.65 |
Biggest buyers
| WELLINGTON MANAGEMENT GROUP LLP | Added | +3.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +3.2m |
| COHEN & STEERS, INC. | Added | +2.8m |
| JPMORGAN CHASE & CO | Added | +2.3m |
| Invesco Ltd. | Added | +1.0m |
| NOMURA HOLDINGS INC | Added | +1.0m |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Added | +965.9k |
| NORGES BANK | Added | +896.6k |
| STATE STREET CORP | Added | +747.4k |
| DEUTSCHE BANK AG\ | Added | +653.6k |
Biggest sellers
| Capital Research Global Investors | Sold out | -1.9m |
| Mitsubishi UFJ Trust & Banking Corp | Reduced | -1.2m |
| FMR LLC | Reduced | -956.0k |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -937.9k |
| BANK OF AMERICA CORP /DE/ | Reduced | -707.0k |
| Amundi | Reduced | -595.6k |
| Nuveen Asset Management, LLC | Reduced | -554.5k |
| BANK OF MONTREAL /CAN/ | Reduced | -512.0k |
| ClearBridge Investments Ltd | Reduced | -457.6k |
| Nan Shan Life Insurance Co., Ltd. | Sold out | -443.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $115.3m971.6k shares |
| CITADEL ADVISORS LLC | Added | $60.9m513.2k shares |
| Walleye Trading LLC | Added | $29.8m251.3k shares |
| JANE STREET GROUP, LLC | Added | $21.9m184.2k shares |
| GTS SECURITIES LLC | Added | $17.2m144.9k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $15.9m133.7k shares |
| Squarepoint Ops LLC | Reduced | $15.5m130.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $13.1m110.1k shares |
| WOLVERINE TRADING, LLC | Reduced | $12.0m102.5k shares |
| Chescapmanager LLC | Unchanged | $11.9m100.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $44.6m375.6k shares |
| CITADEL ADVISORS LLC | Added | $28.6m241.5k shares |
| Squarepoint Ops LLC | Added | $28.4m239.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $21.6m182.2k shares |
| WOLVERINE TRADING, LLC | Added | $18.1m155.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $13.9m117.5k shares |
| Parallax Volatility Advisers, L.P. | Added | $11.9m100.2k shares |
| IMC-Chicago, LLC | Added | $11.6m97.4k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $10.7m90.5k shares |
| JANE STREET GROUP, LLC | Reduced | $9.2m77.7k 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 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2024 | 0 | — | 1 | $1.1m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-07-23 | Kavanagh Michael Joseph EVP & COO-Towers | Sold | $1.1m10.9k 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, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.12% of their portfolio | 56.6m $6.7bn | Added +19.3k |
| BlackRock, Inc. 0.10% of their portfolio | 41.7m $4.9bn | First filing |
| COHEN & STEERS, INC. 5.36% of their portfolio | 25.4m $3.0bn | Added +2.8m |
| STATE STREET CORP 0.10% of their portfolio | 20.9m $2.5bn | Added +747.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.36% of their portfolio | 17.5m $2.1bn | Added +3.4m |
| FMR LLC 0.10% of their portfolio | 14.3m $1.7bn | Reduced -956.0k |
| MORGAN STANLEY 0.12% of their portfolio | 13.6m $1.6bn | Added +14.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.12% of their portfolio | 12.1m $1.4bn | Added +152.0k |
| Capital World Investors 0.21% of their portfolio | 11.2m $1.3bn | Reduced -16.8k |
| JPMORGAN CHASE & CO 0.04% of their portfolio | 7.6m $899.7m | Added +2.3m |
| BANK OF AMERICA CORP /DE/ 0.07% of their portfolio | 7.2m $849.2m | Reduced -707.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.63% of their portfolio | 6.1m $721.9m | Reduced -52.1k |
| DIMENSIONAL FUND ADVISORS LP 0.17% of their portfolio | 5.9m $701.2m | Reduced -114.9k |
| NORGES BANK 0.10% of their portfolio | 5.9m $701.1m | Added +896.6k |
| BARCLAYS PLC 0.27% of their portfolio | 5.2m $613.9m | Added +348.3k |
| Legal & General Group Plc 0.16% of their portfolio | 5.1m $609.6m | Reduced -219.7k |
| Fisher Asset Management, LLC 0.25% of their portfolio | 5.1m $603.6m | Added +203.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.11% of their portfolio | 5.0m $593.5m | Added +237.7k |
| ROYAL BANK OF CANADA 0.13% of their portfolio | 4.8m $567.2m | Added +235.3k |
| NATIONAL BANK OF CANADA /FI/ 0.67% of their portfolio | 4.2m $500.7m | Added +185.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.12% of their portfolio | 4.0m $470.8m | Added +3.2m |
| Invesco Ltd. 0.09% of their portfolio | 3.9m $467.8m | Added +1.0m |
| NORTHERN TRUST CORP 0.07% of their portfolio | 3.8m $451.8m | Reduced -174.1k |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 3.5m $412.2m | Added +224.4k |
| FIL Ltd 0.37% of their portfolio | 3.4m $404.6m | Reduced -7.3k |
| DEUTSCHE BANK AG\ 0.16% of their portfolio | 3.4m $399.1m | Added +653.6k |
| LONDON CO OF VIRGINIA 2.04% of their portfolio | 3.3m $387.4m | Reduced -58.8k |
| Daiwa Securities Group Inc. 1.74% of their portfolio | 3.2m $375.6m | Added +642.0k |
| AMERIPRISE FINANCIAL INC 0.09% of their portfolio | 3.0m $351.7m | Reduced -31.0k |
| Nuveen Asset Management, LLC 0.10% of their portfolio | 2.9m $345.0m | Reduced -554.5k |
| Bank of New York Mellon Corp 0.06% of their portfolio | 2.6m $311.9m | Reduced -77.8k |
| COOKE & BIELER LP 2.80% of their portfolio | 2.6m $308.0m | Added +17.5k |
| M&G PLC 1.32% of their portfolio | 2.2m $259.4m | Added +21.8k |
| ClearBridge Investments Ltd 6.22% of their portfolio | 2.1m $248.6m | Reduced -457.6k |
| California Public Employees Retirement System 0.16% of their portfolio | 2.0m $235.6m | Reduced -109.0k |
| UBS Group AG 0.06% of their portfolio | 1.9m $230.0m | Added +495.9k |
| NOMURA HOLDINGS INC 1.66% of their portfolio | 1.9m $220.2m | Added +1.0m |
| Amundi 0.08% of their portfolio | 1.8m $204.0m | Reduced -595.6k |
| Pictet Asset Management Holding SA 0.24% of their portfolio | 1.8m $215.5m | Reduced -117.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 1.8m $208.4m | Reduced -29.7k |
| Brookfield Corp /ON/ 1.17% of their portfolio | 1.8m $207.7m | Added +206.0k |
| HSBC HOLDINGS PLC 0.13% of their portfolio | 1.7m $204.1m | Added +111.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.07% of their portfolio | 1.7m $203.6m | Added +53.5k |
| Magellan Asset Management Ltd 1.99% of their portfolio | 1.7m $199.7m | Added +372.9k |
| BANK OF MONTREAL /CAN/ 0.08% of their portfolio | 1.5m $177.3m | Reduced -512.0k |
| GATES FOUNDATION TRUST 0.37% of their portfolio | 1.4m $168.5m | Unchanged |
| MACQUARIE GROUP LTD 0.17% of their portfolio | 1.3m $153.1m | Added +96.2k |
| Swiss National Bank 0.10% of their portfolio | 1.3m $153.0m | Added +3.3k |
| SEI INVESTMENTS CO 0.19% of their portfolio | 1.2m $147.3m | Added +142.0k |
| Elliott Investment Management L.P. 1.36% of their portfolio | 1.2m $145.3m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 1.2m $142.1m | Reduced -159.7k |
| Aberdeen Group plc 0.26% of their portfolio | 1.2m $140.3m | Added +129.6k |
| STIFEL FINANCIAL CORP 0.14% of their portfolio | 1.1m $133.4m | Reduced -17.2k |
| Cullen Capital Management, LLC 1.44% of their portfolio | 1.1m $132.2m | Reduced -30.1k |
| National Pension Service 0.12% of their portfolio | 1.1m $128.7m | Added +123.2k |
| Russell Investments Group, Ltd. 0.18% of their portfolio | 1.1m $127.7m | Added +52.5k |
| Ensign Peak Advisors, Inc 0.22% of their portfolio | 1.1m $126.6m | Added +6.5k |
| Thrivent Financial for Lutherans 0.24% of their portfolio | 1.1m $125.7m | Added +77.1k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 973.2k $8.2k | Added +965.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.13% of their portfolio | 960.9k $113.3m | Added +12.9k |
| RHUMBLINE ADVISERS 0.10% of their portfolio | 911.2k $108.1m | Reduced -16.8k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.22% of their portfolio | 894.8k $106.2m | Reduced -45.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.10% of their portfolio | 884.7k $105.0m | Reduced -121.6k |
| Maple-Brown Abbott Ltd 10.31% of their portfolio | 876.1k $103.9m | Reduced -85.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 864.4k $102.5m | Added +10.4k |
| MIZUHO MARKETS AMERICAS LLC 2.47% of their portfolio | 850.0k $100.8m | Added +350.0k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.24% of their portfolio | 833.8k $98.9m | Added +2.8k |
| RAYMOND JAMES & ASSOCIATES 0.06% of their portfolio | 767.1k $91.0m | Reduced -3.1k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.39% of their portfolio | 737.2k $87.5m | Reduced -12.0k |
| NATIXIS 0.53% of their portfolio | 730.7k $86.7m | Reduced -82.7k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.54% of their portfolio | 726.5k $86.2m | Reduced -6.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.10% of their portfolio | 713.9k $84.7m | Added +4.7k |
| CITIGROUP INC 0.08% of their portfolio | 711.3k $84.4m | Reduced -128.8k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 684.4k $81.2m | Reduced -26.4k |
| LAZARD ASSET MANAGEMENT LLC 0.10% of their portfolio | 659.6k $78.2m | Reduced -937.9k |
| Retirement Systems of Alabama 0.29% of their portfolio | 658.9k $78.2m | Reduced -33.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.08% of their portfolio | 644.3k $76.4m | Added +73.4k |
| CANADA LIFE ASSURANCE Co 0.13% of their portfolio | 610.3k $72.5m | Reduced -15.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 565.3k $67.1m | Reduced -52.9k |
| Caisse de depot et placement du Quebec 0.13% of their portfolio | 560.0k $66.4m | Added +260.0k |
| DigitalBridge Group, Inc. 5.18% of their portfolio | 555.2k $65.9m | Reduced -204.0k |
| Ninety One UK Ltd 0.18% of their portfolio | 552.7k $65.6m | Reduced -34.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 546.6k $64.8m | Reduced -2.5k |
| NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio | 537.3k $63.7m | Added +8.7k |
| AVIVA PLC 0.16% of their portfolio | 535.7k $63.6m | Added +5.5k |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 1.92% of their portfolio | 516.1k $61.2m | Reduced -73.7k |
| Balyasny Asset Management L.P. 0.16% of their portfolio | 514.8k $61.1m | Added +68.5k |
| UniSuper Management Pty Ltd 0.46% of their portfolio | 514.8k $61.1m | Reduced -2.7k |
| Homestead Advisers Corp 1.42% of their portfolio | 502.7k $59.6m | Reduced -300 |
| LPL Financial LLC 0.03% of their portfolio | 474.5k $56.3m | Added +34.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 460.2k $54.6m | Added +398.6k |
| FERGUSON WELLMAN CAPITAL MANAGEMENT, INC 0.97% of their portfolio | 421.7k $50.0m | Added +211.9k |
| Allianz Asset Management GmbH 0.08% of their portfolio | 417.4k $49.5m | Reduced -391.2k |
| PRUDENTIAL FINANCIAL INC 0.07% of their portfolio | 412.7k $49.0m | Added +108.2k |
| CADEN CAPITAL PARTNERS, LP 16.42% of their portfolio | 410.6k $48.7m | Added +21.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.09% of their portfolio | 409.7k $48.6m | Added +17.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.09% of their portfolio | 405.2k $48.1m | Reduced -17.7k |
| Maryland State Retirement & Pension System 0.98% of their portfolio | 391.8k $46.5m | Reduced -10.5k |
| NATIXIS ADVISORS, LLC 0.09% of their portfolio | 391.5k $46.4m | Added +51.0k |
| Corient Private Wealth LP 0.07% of their portfolio | 390.9k $46.4m | Reduced -180.2k |