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 ($42.1m 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 ≈ $90.80. Options: 31 managers hold calls ($441.3m notional), 25 hold puts ($399.6m).
Trends to Q4 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 |
| Q4 2024 | 1,123 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2024 | 411 | 680 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $292.3m | $262.9m | 0.90 |
| Q2 2024 | $299.0m | $865.1m | 2.89 |
| Q3 2024 | $366.3m | $239.7m | 0.65 |
| Q4 2024 | $441.3m | $399.6m | 0.91 |
Biggest buyers
| VANGUARD GROUP INC | Added | +5.9m |
| BlackRock, Inc. | Added | +3.8m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +3.3m |
| NOMURA HOLDINGS INC | Added | +1.7m |
| NATIONAL BANK OF CANADA /FI/ | Added | +1.6m |
| CITADEL ADVISORS LLC | New | +1.3m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Added | +1.1m |
| NORTHERN TRUST CORP | Added | +920.4k |
| Jefferies Financial Group Inc. | Added | +476.6k |
| MIZUHO MARKETS AMERICAS LLC | Added | +466.3k |
Biggest sellers
| Capital World Investors | Reduced | -7.3m |
| JPMORGAN CHASE & CO | Reduced | -6.3m |
| AMERIPRISE FINANCIAL INC | Reduced | -2.4m |
| FMR LLC | Reduced | -2.2m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.7m |
| Brookfield Corp /ON/ | Reduced | -1.7m |
| MORGAN STANLEY | Reduced | -1.5m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.3m |
| Daiwa Securities Group Inc. | Reduced | -993.2k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Reduced | -968.2k |
Biggest calls
| NOMURA HOLDINGS INC | New | $272.3m3.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $37.6m414.4k shares |
| CITADEL ADVISORS LLC | Reduced | $19.1m210.2k shares |
| Balyasny Asset Management L.P. | Added | $11.2m123.9k shares |
| WOLVERINE TRADING, LLC | Added | $10.7m119.2k shares |
| JANE STREET GROUP, LLC | Reduced | $9.5m105.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $9.4m103.9k shares |
| Squarepoint Ops LLC | Reduced | $9.3m102.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $9.0m99.6k shares |
| IMC-Chicago, LLC | Added | $8.6m95.0k shares |
Biggest puts
| NOMURA HOLDINGS INC | Added | $272.3m3.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $26.8m295.0k shares |
| CITADEL ADVISORS LLC | Added | $24.5m270.0k shares |
| Centiva Capital, LP | Added | $13.7m150.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $10.7m118.4k shares |
| D. E. Shaw & Co., Inc. | Reduced | $7.1m77.9k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $6.6m72.8k shares |
| WOLVERINE TRADING, LLC | Reduced | $6.1m67.4k shares |
| IMC-Chicago, LLC | Reduced | $4.4m48.9k shares |
| Squarepoint Ops LLC | Reduced | $4.4m48.4k 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 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q4 2024 | 0 | — | 0 | — | — |
None reported in Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.10% of their portfolio | 62.5m $5.7bn | Added +5.9m |
| BlackRock, Inc. 0.08% of their portfolio | 45.5m $4.1bn | Added +3.8m |
| COHEN & STEERS, INC. 4.33% of their portfolio | 25.2m $2.3bn | Reduced -201.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.35% of their portfolio | 20.8m $1.9bn | Added +3.3m |
| STATE STREET CORP 0.07% of their portfolio | 20.8m $1.9bn | Reduced -70.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 12.3m $1.1bn | Added +228.0k |
| FMR LLC 0.07% of their portfolio | 12.1m $1.1bn | Reduced -2.2m |
| MORGAN STANLEY 0.08% of their portfolio | 12.1m $1.1bn | Reduced -1.5m |
| NORGES BANK 0.07% of their portfolio | 6.2m $561.7m | Added +279.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.48% of their portfolio | 6.1m $557.7m | Added +58.9k |
| DIMENSIONAL FUND ADVISORS LP 0.13% of their portfolio | 5.9m $537.3m | Added +9.1k |
| NATIONAL BANK OF CANADA /FI/ 0.68% of their portfolio | 5.8m $525.8m | Added +1.6m |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 5.5m $496.5m | Reduced -1.7m |
| Fisher Asset Management, LLC 0.19% of their portfolio | 5.2m $473.6m | Added +130.4k |
| Legal & General Group Plc 0.13% of their portfolio | 5.2m $472.6m | Added +69.0k |
| BARCLAYS PLC 0.23% of their portfolio | 5.2m $471.5m | Added +19.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.09% of their portfolio | 5.1m $464.9m | Added +118.9k |
| NORTHERN TRUST CORP 0.06% of their portfolio | 4.7m $429.2m | Added +920.4k |
| Invesco Ltd. 0.07% of their portfolio | 4.4m $397.5m | Added +436.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.09% of their portfolio | 4.2m $379.0m | Added +207.1k |
| ROYAL BANK OF CANADA 0.08% of their portfolio | 4.1m $374.8m | Reduced -650.8k |
| Capital World Investors 0.05% of their portfolio | 3.9m $356.7m | Reduced -7.3m |
| NOMURA HOLDINGS INC 1.72% of their portfolio | 3.6m $326.3m | Added +1.7m |
| FIL Ltd 0.29% of their portfolio | 3.4m $309.5m | Reduced -656 |
| DEUTSCHE BANK AG\ 0.12% of their portfolio | 3.4m $308.6m | Added +36.4k |
| LONDON CO OF VIRGINIA 1.49% of their portfolio | 3.0m $273.3m | Reduced -253.8k |
| COOKE & BIELER LP 2.48% of their portfolio | 2.8m $257.7m | Added +242.6k |
| M&G PLC 1.39% of their portfolio | 2.5m $225.3m | Added +295.6k |
| Nuveen Asset Management, LLC 0.06% of their portfolio | 2.5m $223.8m | Reduced -442.1k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 2.4m $217.2m | Reduced -236.7k |
| Daiwa Securities Group Inc. 0.88% of their portfolio | 2.2m $197.2m | Reduced -993.2k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 2.2m $196.3m | Reduced -1.3m |
| UBS Group AG 0.04% of their portfolio | 2.1m $190.3m | Added +157.5k |
| California Public Employees Retirement System 0.12% of their portfolio | 2.0m $179.0m | Reduced -13.7k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.37% of their portfolio | 1.9m $173.7m | Added +1.1m |
| Amundi 0.06% of their portfolio | 1.8m $160.2m | Added +11.0k |
| HSBC HOLDINGS PLC 0.10% of their portfolio | 1.8m $164.4m | Added +88.8k |
| Pictet Asset Management Holding SA 0.17% of their portfolio | 1.7m $155.8m | Reduced -99.4k |
| Magellan Asset Management Ltd 1.62% of their portfolio | 1.6m $147.2m | Reduced -61.1k |
| ClearBridge Investments Ltd 3.81% of their portfolio | 1.6m $145.4m | Reduced -493.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio | 1.5m $139.5m | Reduced -179.8k |
| GATES FOUNDATION TRUST 0.31% of their portfolio | 1.4m $128.9m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.4m $127.5m | Reduced -352.4k |
| CITADEL ADVISORS LLC 0.11% of their portfolio | 1.3m $121.1m | New |
| MIZUHO MARKETS AMERICAS LLC 2.29% of their portfolio | 1.3m $119.5m | Added +466.3k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.3m $116.2m | Reduced -6.3m |
| Aberdeen Group plc 0.21% of their portfolio | 1.3m $114.0m | Added +66.0k |
| NORDEA INVESTMENT MANAGEMENT AB 0.12% of their portfolio | 1.2m $113.5m | Added +282.8k |
| Swiss National Bank 0.07% of their portfolio | 1.2m $111.4m | Reduced -62.1k |
| Elliott Investment Management L.P. 1.20% of their portfolio | 1.2m $111.2m | Unchanged |
| SEI INVESTMENTS CO 0.14% of their portfolio | 1.2m $109.2m | Reduced -39.1k |
| Russell Investments Group, Ltd. 0.14% of their portfolio | 1.1m $104.3m | Added +72.0k |
| National Pension Service 0.10% of their portfolio | 1.1m $102.0m | Added +38.5k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 1.1m $101.3m | Reduced -82.1k |
| MACQUARIE GROUP LTD 0.12% of their portfolio | 1.1m $99.3m | Reduced -179.5k |
| Cullen Capital Management, LLC 1.16% of their portfolio | 1.1m $99.4m | Reduced -19.6k |
| RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio | 1.0m $95.2m | First filing |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 1.0m $91.6m | Added +444.5k |
| Thrivent Financial for Lutherans 0.18% of their portfolio | 997.8k $90.6m | Reduced -61.5k |
| Maple-Brown Abbott Ltd 10.46% of their portfolio | 945.3k $85.8m | Added +69.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 918.6k $83.4m | Added +458.5k |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 900.5k $81.7m | Reduced -10.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 879.6k $79.8m | Added +15.1k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.93% of their portfolio | 855.1k $77.6m | Reduced -39.7k |
| Caisse de depot et placement du Quebec 0.15% of their portfolio | 810.0k $73.5m | Added +250.0k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.19% of their portfolio | 742.9k $67.4m | Added +5.7k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.41% of their portfolio | 723.3k $65.7m | Reduced -3.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 704.3k $63.9m | Reduced -9.6k |
| CITIGROUP INC 0.06% of their portfolio | 687.8k $62.4m | Reduced -23.5k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 686.0k $62.3m | Reduced -834.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 685.1k $61.7m | Added +40.8k |
| Ensign Peak Advisors, Inc 0.11% of their portfolio | 675.1k $61.3m | Reduced -391.8k |
| Retirement Systems of Alabama 0.22% of their portfolio | 660.2k $59.9m | Added +1.3k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 651.6k $59.1m | Reduced -32.8k |
| CANADA LIFE ASSURANCE Co 0.10% of their portfolio | 616.3k $55.9m | Added +6.0k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 606.6k $55.1m | Reduced -2.4m |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 601.7k $54.6m | Added +55.1k |
| Homestead Advisers Corp 1.30% of their portfolio | 594.8k $54.0m | Added +92.1k |
| LAZARD ASSET MANAGEMENT LLC 0.07% of their portfolio | 552.7k $50.2m | Reduced -106.9k |
| AVIVA PLC 0.13% of their portfolio | 552.4k $50.1m | Added +16.7k |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 1.57% of their portfolio | 551.9k $49.5m | Added +35.8k |
| NATIXIS 0.34% of their portfolio | 551.2k $50.0m | Reduced -179.5k |
| Ninety One UK Ltd 0.13% of their portfolio | 536.3k $48.7m | Reduced -16.5k |
| STIFEL FINANCIAL CORP 0.05% of their portfolio | 530.4k $48.1m | Reduced -593.9k |
| NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio | 505.9k $45.9m | Reduced -31.4k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.09% of their portfolio | 499.6k $45.3m | First filing |
| CADEN CAPITAL PARTNERS, LP 13.59% of their portfolio | 491.0k $44.6m | Added +80.4k |
| Jefferies Financial Group Inc. 0.49% of their portfolio | 480.0k $43.6m | Added +476.6k |
| LPL Financial LLC 0.02% of their portfolio | 472.9k $42.9m | Reduced -1.5k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 459.6k $41.7m | New |
| CIBC WORLD MARKETS CORP 0.22% of their portfolio | 420.0k $38.1m | Added +246.2k |
| Public Sector Pension Investment Board 0.16% of their portfolio | 418.8k $38.0m | Added +342.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 401.8k $36.5m | Reduced -3.5k |
| Allianz Asset Management GmbH 0.05% of their portfolio | 386.2k $35.0m | Reduced -31.2k |
| NISA INVESTMENT ADVISORS, LLC 0.14% of their portfolio | 385.8k $35.0m | Added +167.7k |
| Squarepoint Ops LLC 0.09% of their portfolio | 382.6k $34.7m | Added +370.9k |
| Maryland State Retirement & Pension System 0.75% of their portfolio | 381.7k $34.6m | Reduced -10.1k |
| KBC Group NV 0.09% of their portfolio | 375.7k $34.1m | Reduced -1.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.06% of their portfolio | 371.1k $33.7m | Reduced -38.6k |
| Ilex Capital Partners (UK) LLP 2.14% of their portfolio | 368.6k $33.5m | New |