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 ($48.9m this quarter). Holder counts are more reliable. Shares outstanding: 435.4m as of 2025-03-12, 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 ≈ $104.23. Options: 32 managers hold calls ($854.9m notional), 32 hold puts ($525.8m).
Trends to Q1 2025
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 |
| Q1 2025 | 1,106 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2025 | 534 | 557 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $299.0m | $865.1m | 2.89 |
| Q3 2024 | $366.3m | $239.7m | 0.65 |
| Q4 2024 | $441.3m | $399.6m | 0.91 |
| Q1 2025 | $854.9m | $525.8m | 0.62 |
Biggest buyers
| VANGUARD GROUP INC | Added | +6.3m |
| Brookfield Corp /ON/ | Added | +2.5m |
| DEUTSCHE BANK AG\ | Added | +2.1m |
| COHEN & STEERS, INC. | Added | +2.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +2.0m |
| JPMORGAN CHASE & CO | Added | +1.4m |
| Alyeska Investment Group, L.P. | New | +1.4m |
| UBS Group AG | Added | +1.4m |
| Mitsubishi UFJ Trust & Banking Corp | Added | +1.1m |
| GOLDMAN SACHS GROUP INC | Added | +794.7k |
Biggest sellers
| NATIONAL BANK OF CANADA /FI/ | Reduced | -1.8m |
| CITADEL ADVISORS LLC | Reduced | -1.3m |
| MORGAN STANLEY | Reduced | -920.9k |
| BlackRock, Inc. | Reduced | -825.6k |
| Capital World Investors | Reduced | -733.6k |
| Aberdeen Group plc | Reduced | -686.9k |
| NOMURA HOLDINGS INC | Reduced | -486.8k |
| Jefferies Financial Group Inc. | Sold out | -480.0k |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -469.0k |
| Qube Research & Technologies Ltd | Sold out | -459.6k |
Biggest calls
| NOMURA HOLDINGS INC | Unchanged | $312.7m3.0m shares |
| Twin Tree Management, LP | New | $182.1m1.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $114.6m1.1m shares |
| CITADEL ADVISORS LLC | Added | $70.7m678.0k shares |
| SIMPLEX TRADING, LLC | Added | $37.3m357.6k shares |
| JANE STREET GROUP, LLC | Added | $35.2m337.5k shares |
| IMC-Chicago, LLC | Added | $19.2m184.2k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $17.1m164.1k shares |
| Walleye Trading LLC | Added | $16.8m161.6k shares |
| GROUP ONE TRADING LLC | Added | $12.4m119.3k shares |
Biggest puts
| NOMURA HOLDINGS INC | Unchanged | $312.7m3.0m shares |
| CITADEL ADVISORS LLC | Added | $39.7m380.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $32.0m307.2k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $26.9m258.5k shares |
| Twin Tree Management, LP | New | $18.6m178.6k shares |
| Squarepoint Ops LLC | Added | $15.4m147.9k shares |
| BANK OF AMERICA CORP /DE/ | New | $10.4m100.0k shares |
| Maven Securities LTD | Added | $8.5m81.9k shares |
| JANE STREET GROUP, LLC | Added | $7.8m75.1k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $7.3m70.4k 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 Q1 2025
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 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 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.13% of their portfolio | 68.8m $7.2bn | Added +6.3m |
| BlackRock, Inc. 0.10% of their portfolio | 44.7m $4.7bn | Reduced -825.6k |
| COHEN & STEERS, INC. 5.26% of their portfolio | 27.3m $2.8bn | Added +2.1m |
| WELLINGTON MANAGEMENT GROUP LLP 0.43% of their portfolio | 21.4m $2.2bn | Added +538.0k |
| STATE STREET CORP 0.09% of their portfolio | 21.4m $2.2bn | Added +546.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.11% of their portfolio | 12.9m $1.3bn | Added +525.9k |
| FMR LLC 0.08% of their portfolio | 11.9m $1.2bn | Reduced -229.5k |
| MORGAN STANLEY 0.08% of their portfolio | 11.1m $1.2bn | Reduced -920.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.59% of their portfolio | 6.0m $627.5m | Reduced -124.2k |
| DIMENSIONAL FUND ADVISORS LP 0.16% of their portfolio | 6.0m $624.6m | Added +72.5k |
| NORGES BANK 0.09% of their portfolio | 6.0m $623.7m | Reduced -205.4k |
| BARCLAYS PLC 0.27% of their portfolio | 5.6m $585.6m | Added +423.9k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 5.5m $574.9m | Added +46.0k |
| DEUTSCHE BANK AG\ 0.23% of their portfolio | 5.5m $570.4m | Added +2.1m |
| Legal & General Group Plc 0.15% of their portfolio | 5.3m $551.7m | Added +85.8k |
| Fisher Asset Management, LLC 0.24% of their portfolio | 5.3m $548.2m | Added +40.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.10% of their portfolio | 5.2m $543.3m | Added +90.4k |
| Invesco Ltd. 0.09% of their portfolio | 4.7m $488.9m | Added +310.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.12% of their portfolio | 4.5m $469.9m | Added +332.2k |
| NORTHERN TRUST CORP 0.07% of their portfolio | 4.4m $458.6m | Reduced -328.9k |
| ROYAL BANK OF CANADA 0.10% of their portfolio | 4.2m $442.6m | Added +116.3k |
| NATIONAL BANK OF CANADA /FI/ 0.49% of their portfolio | 4.0m $416.5m | Reduced -1.8m |
| UBS Group AG 0.08% of their portfolio | 3.5m $365.5m | Added +1.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.04% of their portfolio | 3.4m $357.8m | Added +2.0m |
| FIL Ltd 0.33% of their portfolio | 3.3m $348.3m | Reduced -67.8k |
| Capital World Investors 0.05% of their portfolio | 3.2m $333.2m | Reduced -733.6k |
| NOMURA HOLDINGS INC 1.73% of their portfolio | 3.1m $324.0m | Reduced -486.8k |
| LONDON CO OF VIRGINIA 1.80% of their portfolio | 3.0m $316.3m | Added +22.6k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 3.0m $308.3m | Added +794.7k |
| Nuveen, LLC 0.09% of their portfolio | 2.9m $305.9m | First filing |
| COOKE & BIELER LP 2.94% of their portfolio | 2.8m $293.9m | Reduced -19.2k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 2.7m $284.6m | Added +1.4m |
| Daiwa Securities Group Inc. 1.17% of their portfolio | 2.7m $277.2m | Added +486.8k |
| Brookfield Corp /ON/ 0.24% of their portfolio | 2.5m $265.2m | Added +2.5m |
| Bank of New York Mellon Corp 0.05% of their portfolio | 2.3m $242.6m | Reduced -64.9k |
| Amundi 0.09% of their portfolio | 2.3m $246.2m | Added +468.9k |
| M&G PLC 1.00% of their portfolio | 2.0m $210.0m | Reduced -456.2k |
| California Public Employees Retirement System 0.14% of their portfolio | 1.9m $200.5m | Reduced -47.9k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.43% of their portfolio | 1.8m $192.4m | Reduced -67.4k |
| MACQUARIE GROUP LTD 0.22% of their portfolio | 1.7m $176.7m | Added +585.0k |
| ClearBridge Investments Ltd 4.53% of their portfolio | 1.7m $174.4m | Added +71.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.18% of their portfolio | 1.6m $171.4m | Added +400.9k |
| Pictet Asset Management Holding SA 0.18% of their portfolio | 1.5m $160.6m | Reduced -176.2k |
| Magellan Asset Management Ltd 1.90% of their portfolio | 1.5m $156.5m | Reduced -120.8k |
| Alyeska Investment Group, L.P. 0.60% of their portfolio | 1.4m $149.7m | New |
| HSBC HOLDINGS PLC 0.10% of their portfolio | 1.4m $149.4m | Reduced -378.7k |
| Russell Investments Group, Ltd. 0.20% of their portfolio | 1.4m $149.2m | Added +281.6k |
| SEI INVESTMENTS CO 0.19% of their portfolio | 1.4m $148.2m | Added +219.0k |
| GATES FOUNDATION TRUST 0.35% of their portfolio | 1.4m $148.0m | Unchanged |
| MIZUHO MARKETS AMERICAS LLC 2.94% of their portfolio | 1.3m $135.5m | Reduced -16.3k |
| Mitsubishi UFJ Trust & Banking Corp 0.35% of their portfolio | 1.3m $134.0m | Added +1.1m |
| Maple-Brown Abbott Ltd 8.93% of their portfolio | 1.3m $131.0m | Added +311.4k |
| National Pension Service 0.12% of their portfolio | 1.2m $129.0m | Added +113.6k |
| Swiss National Bank 0.09% of their portfolio | 1.2m $127.8m | Reduced -1.9k |
| Elliott Investment Management L.P. 1.15% of their portfolio | 1.2m $127.7m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 1.1m $115.8m | Reduced -5.5k |
| Cullen Capital Management, LLC 1.33% of their portfolio | 1.1m $114.8m | Added +6.6k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.32% of their portfolio | 1.1m $113.0m | Added +229.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio | 1.1m $111.3m | Reduced -469.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.09% of their portfolio | 1.0m $108.0m | Added +117.3k |
| Thrivent Financial for Lutherans 0.23% of their portfolio | 992.8k $103.5m | Reduced -5.0k |
| CIBC WORLD MARKETS CORP 0.81% of their portfolio | 978.8k $102.0m | Added +558.8k |
| RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio | 961.4k $100.2m | Reduced -87.2k |
| RHUMBLINE ADVISERS 0.09% of their portfolio | 934.9k $97.4m | Added +34.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 926.6k $96.6m | First filing |
| Caisse de depot et placement du Quebec 0.19% of their portfolio | 890.6k $92.8m | Added +80.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 880.1k $91.7m | Added +502 |
| MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio | 836.9k $87.2m | Added +677.4k |
| CITIGROUP INC 0.07% of their portfolio | 823.8k $85.9m | Added +136.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.08% of their portfolio | 781.5k $81.5m | Added +96.4k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.20% of their portfolio | 751.2k $78.3m | Added +8.3k |
| Artisan Partners Limited Partnership 0.12% of their portfolio | 733.6k $76.5m | New |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.43% of their portfolio | 706.6k $73.7m | Reduced -16.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 700.2k $73.0m | Reduced -4.2k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 691.2k $72.0m | Added +39.6k |
| Ensign Peak Advisors, Inc 0.14% of their portfolio | 689.1k $71.8m | Added +14.0k |
| Ilex Capital Partners (UK) LLP 2.79% of their portfolio | 655.1k $68.3m | Added +286.5k |
| Retirement Systems of Alabama 0.27% of their portfolio | 654.7k $68.2m | Reduced -5.5k |
| AVIVA PLC 0.16% of their portfolio | 645.3k $67.3m | Added +92.9k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 628.5k $65.5m | Reduced -57.5k |
| CANADA LIFE ASSURANCE Co 0.11% of their portfolio | 615.3k $64.3m | Reduced -959 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.17% of their portfolio | 603.7k $62.9m | Added +296.6k |
| Homestead Advisers Corp 1.52% of their portfolio | 594.8k $62.0m | Unchanged |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 594.4k $62.0m | Reduced -7.4k |
| Aberdeen Group plc 0.12% of their portfolio | 570.6k $59.2m | Reduced -686.9k |
| DigitalBridge Group, Inc. 4.76% of their portfolio | 562.0k $58.6m | Added +261.1k |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 1.71% of their portfolio | 558.1k $58.2m | Added +6.2k |
| PRUDENTIAL FINANCIAL INC 0.08% of their portfolio | 544.5k $56.8m | Added +289.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.11% of their portfolio | 541.0k $56.4m | Added +41.4k |
| STIFEL FINANCIAL CORP 0.06% of their portfolio | 514.2k $53.6m | Reduced -16.2k |
| NATIXIS 0.29% of their portfolio | 471.4k $48.8m | Reduced -79.8k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 459.7k $47.9m | Reduced -146.9k |
| NATIXIS ADVISORS, LLC 0.09% of their portfolio | 459.3k $47.9m | Added +105.7k |
| ANCHOR CAPITAL ADVISORS LLC 1.41% of their portfolio | 452.1k $47.1m | Added +132.7k |
| Ninety One UK Ltd 0.13% of their portfolio | 450.2k $46.9m | Reduced -86.0k |
| LPL Financial LLC 0.02% of their portfolio | 445.3k $46.4m | Reduced -27.7k |
| UniSuper Management Pty Ltd 0.33% of their portfolio | 420.2k $43.8m | Added +169.9k |
| NISA INVESTMENT ADVISORS, LLC 0.21% of their portfolio | 405.1k $42.2m | Added +19.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.08% of their portfolio | 401.8k $41.9m | Unchanged |
| Maryland State Retirement & Pension System 0.96% of their portfolio | 388.9k $40.5m | Added +7.2k |