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 ($197.7m this quarter). Holder counts are more reliable. Shares outstanding: 435.5m as of 2025-08-04, 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 ≈ $102.72. Options: 31 managers hold calls ($883.3m notional), 25 hold puts ($462.8m).
Trends to Q2 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 |
| Q2 2025 | 1,077 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2025 | 528 | 513 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $366.3m | $239.7m | 0.65 |
| Q4 2024 | $441.3m | $399.6m | 0.91 |
| Q1 2025 | $854.9m | $525.8m | 0.62 |
| Q2 2025 | $883.3m | $462.8m | 0.52 |
Biggest buyers
| LAZARD ASSET MANAGEMENT LLC | Added | +5.3m |
| ROYAL BANK OF CANADA | Added | +4.0m |
| COHEN & STEERS, INC. | Added | +3.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +1.4m |
| JPMORGAN CHASE & CO | Added | +926.7k |
| GOLDMAN SACHS GROUP INC | Added | +832.3k |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +753.0k |
| BlackRock, Inc. | Added | +697.0k |
| NATIXIS | Added | +670.1k |
| GRS Advisors, LLC | New | +622.2k |
Biggest sellers
| BARCLAYS PLC | Reduced | -4.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -3.9m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -2.7m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -2.4m |
| Brookfield Corp /ON/ | Reduced | -1.7m |
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -1.6m |
| MIZUHO MARKETS AMERICAS LLC | Sold out | -1.3m |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -1.1m |
| M&G PLC | Reduced | -1.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -1.0m |
Biggest calls
| NOMURA HOLDINGS INC | Unchanged | $308.2m3.0m shares |
| Twin Tree Management, LP | Added | $258.7m2.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $79.3m771.6k shares |
| CITADEL ADVISORS LLC | Added | $76.4m743.3k shares |
| JANE STREET GROUP, LLC | Added | $36.4m353.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $26.5m258.4k shares |
| IMC-Chicago, LLC | Reduced | $18.8m183.2k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $15.5m150.5k shares |
| WOLVERINE TRADING, LLC | New | $15.1m149.7k shares |
| Walleye Trading LLC | Reduced | $11.6m112.6k shares |
Biggest puts
| NOMURA HOLDINGS INC | Unchanged | $308.2m3.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $33.7m327.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $24.4m237.8k shares |
| CITADEL ADVISORS LLC | Reduced | $21.3m207.5k shares |
| Twin Tree Management, LP | Reduced | $17.1m166.0k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $8.8m85.6k shares |
| Walleye Trading LLC | Added | $8.0m77.7k shares |
| IMC-Chicago, LLC | Added | $7.0m68.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $6.4m62.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $5.0m48.2k 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 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2025 | 1 | $39.2k | 4 | $3.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-05-09 | Stephens Kevin A Director | Bought | $39.2k380 shares |
| 2025-05-02 | SCHLANGER DANIEL K Interim President & CEO | Sold | $2.1m20.0k shares |
| 2025-05-02 | Adams Edward B JR EVP and General Counsel | Sold | $851.0k8.0k shares |
| 2025-05-02 | Collins Robert Sean Vice President and Controller | Sold | $384.2k3.6k shares |
| 2025-05-02 | Levendos Christopher EVP & COO - Fiber | Sold | $300.4k2.8k 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.12% of their portfolio | 69.3m $7.1bn | Added +449.8k |
| BlackRock, Inc. 0.09% of their portfolio | 45.4m $4.7bn | Added +697.0k |
| COHEN & STEERS, INC. 5.71% of their portfolio | 30.3m $3.1bn | Added +3.0m |
| STATE STREET CORP 0.08% of their portfolio | 21.5m $2.2bn | Added +110.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.35% of their portfolio | 19.0m $2.0bn | Reduced -2.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 12.6m $1.3bn | Reduced -271.7k |
| FMR LLC 0.07% of their portfolio | 11.4m $1.2bn | Reduced -524.6k |
| MORGAN STANLEY 0.08% of their portfolio | 11.3m $1.2bn | Added +176.0k |
| ROYAL BANK OF CANADA 0.08% of their portfolio | 8.2m $846.5m | Added +4.0m |
| NORGES BANK 0.08% of their portfolio | 6.1m $629.4m | Added +143.4k |
| DIMENSIONAL FUND ADVISORS LP 0.14% of their portfolio | 6.0m $617.2m | Added +15.6k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 5.5m $568.5m | Added +17.9k |
| LAZARD ASSET MANAGEMENT LLC 0.77% of their portfolio | 5.5m $562.2m | Added +5.3m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.10% of their portfolio | 5.4m $557.8m | Added +218.0k |
| Legal & General Group Plc 0.14% of their portfolio | 5.4m $553.6m | Added +95.8k |
| Fisher Asset Management, LLC 0.22% of their portfolio | 5.3m $549.5m | Added +90.2k |
| Invesco Ltd. 0.08% of their portfolio | 4.8m $496.4m | Added +142.2k |
| DEUTSCHE BANK AG\ 0.18% of their portfolio | 4.8m $495.0m | Reduced -654.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio | 4.8m $492.1m | Added +1.4m |
| NORTHERN TRUST CORP 0.06% of their portfolio | 4.2m $434.4m | Reduced -172.1k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 3.8m $389.3m | Added +832.3k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 3.7m $375.7m | Added +926.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.31% of their portfolio | 3.4m $344.6m | Reduced -2.7m |
| FIL Ltd 0.29% of their portfolio | 3.3m $341.4m | Reduced -19.0k |
| Nuveen, LLC 0.09% of their portfolio | 3.2m $325.8m | Added +236.8k |
| NOMURA HOLDINGS INC 2.48% of their portfolio | 3.0m $307.4m | Reduced -116.1k |
| LONDON CO OF VIRGINIA 1.71% of their portfolio | 2.9m $302.4m | Reduced -90.7k |
| Capital World Investors 0.04% of their portfolio | 2.9m $301.6m | Reduced -261.0k |
| NATIONAL BANK OF CANADA /FI/ 0.32% of their portfolio | 2.9m $296.7m | Reduced -1.1m |
| Daiwa Securities Group Inc. 1.05% of their portfolio | 2.8m $283.9m | Added +103.2k |
| UBS Group AG 0.06% of their portfolio | 2.7m $272.4m | Reduced -854.4k |
| Amundi 0.09% of their portfolio | 2.6m $263.5m | Added +254.5k |
| COOKE & BIELER LP 2.35% of their portfolio | 2.3m $234.3m | Reduced -538.9k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 2.2m $229.5m | Reduced -94.2k |
| ClearBridge Investments Ltd 3.87% of their portfolio | 1.7m $176.4m | Added +43.7k |
| SEI INVESTMENTS CO 0.20% of their portfolio | 1.7m $170.6m | Added +239.0k |
| Alyeska Investment Group, L.P. 0.60% of their portfolio | 1.7m $170.0m | Added +218.8k |
| Pictet Asset Management Holding SA 0.17% of their portfolio | 1.6m $168.6m | Added +100.0k |
| California Public Employees Retirement System 0.11% of their portfolio | 1.6m $166.3m | Reduced -304.9k |
| BARCLAYS PLC 0.06% of their portfolio | 1.6m $159.7m | Reduced -4.1m |
| GATES FOUNDATION TRUST 0.31% of their portfolio | 1.4m $145.9m | Unchanged |
| Russell Investments Group, Ltd. 0.18% of their portfolio | 1.3m $137.7m | Reduced -90.4k |
| Magellan Asset Management Ltd 1.56% of their portfolio | 1.3m $136.8m | Reduced -170.3k |
| Swiss National Bank 0.08% of their portfolio | 1.3m $135.4m | Added +92.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.27% of their portfolio | 1.3m $135.1m | Reduced -530.8k |
| HSBC HOLDINGS PLC 0.09% of their portfolio | 1.3m $134.8m | Reduced -121.0k |
| Elliott Investment Management L.P. 1.04% of their portfolio | 1.2m $125.8m | Unchanged |
| NATIXIS 0.58% of their portfolio | 1.1m $117.3m | Added +670.1k |
| Mitsubishi UFJ Trust & Banking Corp 0.27% of their portfolio | 1.1m $116.6m | Reduced -150.8k |
| Cullen Capital Management, LLC 1.33% of their portfolio | 1.1m $116.4m | Added +30.9k |
| MACQUARIE GROUP LTD 0.14% of their portfolio | 1.1m $114.5m | Reduced -580.7k |
| Thrivent Financial for Lutherans 0.25% of their portfolio | 1.1m $113.8m | Added +115.3k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.32% of their portfolio | 1.1m $112.2m | Added +8.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 1.0m $106.1m | Reduced -34.8k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 992.7k $102.0m | Reduced -117.9k |
| M&G PLC 0.55% of their portfolio | 973.4k $100.3m | Reduced -1.0m |
| RHUMBLINE ADVISERS 0.08% of their portfolio | 942.5k $96.8m | Added +7.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 899.9k $92.4m | Added +19.8k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 844.3k $86.7m | Reduced -117.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio | 839.3k $86.2m | Added +57.8k |
| MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio | 832.5k $85.5m | Reduced -4.4k |
| Brookfield Corp /ON/ 0.10% of their portfolio | 803.5k $82.5m | Reduced -1.7m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.07% of their portfolio | 757.9k $77.9m | Added +753.0k |
| CIBC WORLD MARKETS CORP 0.50% of their portfolio | 730.7k $75.1m | Reduced -248.1k |
| CIBC WORLD MARKET INC. 0.16% of their portfolio | 725.4k $74.5m | Added +513.5k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 724.5k $74.4m | Added +33.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 716.5k $73.6m | Added +16.3k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.39% of their portfolio | 712.8k $73.2m | Added +6.2k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.11% of their portfolio | 709.6k $72.9m | Reduced -41.6k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 671.3k $69.0m | Added +42.8k |
| Ensign Peak Advisors, Inc 0.12% of their portfolio | 661.1k $67.9m | Reduced -27.9k |
| CITIGROUP INC 0.05% of their portfolio | 657.7k $67.6m | Reduced -166.1k |
| Aberdeen Group plc 0.11% of their portfolio | 652.9k $67.1m | Added +82.3k |
| CANADA LIFE ASSURANCE Co 0.11% of their portfolio | 650.6k $66.9m | Added +35.3k |
| Retirement Systems of Alabama 0.24% of their portfolio | 647.1k $66.5m | Reduced -7.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 646.3k $66.4m | Reduced -3.9m |
| National Pension Service 0.06% of their portfolio | 634.8k $65.2m | Reduced -602.4k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.11% of their portfolio | 625.9k $64.3m | Added +84.8k |
| GRS Advisors, LLC 6.14% of their portfolio | 622.2k $63.9m | New |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 617.2k $63.4m | Added +157.4k |
| PRUDENTIAL FINANCIAL INC 0.08% of their portfolio | 614.2k $63.1m | Added +69.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 609.3k $62.6m | Added +14.9k |
| Homestead Advisers Corp 1.45% of their portfolio | 597.5k $61.4m | Added +2.7k |
| PANAGORA ASSET MANAGEMENT INC 0.28% of their portfolio | 595.4k $61.2m | Added +481.5k |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 1.70% of their portfolio | 588.0k $60.4m | Added +29.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 526.7k $54.1m | Reduced -400.0k |
| UniSuper Management Pty Ltd 0.35% of their portfolio | 510.9k $52.5m | Added +90.7k |
| NATIXIS ADVISORS, LLC 0.08% of their portfolio | 502.5k $51.6m | Added +43.3k |
| Man Group plc 0.11% of their portfolio | 475.3k $48.8m | Added +467.6k |
| ANCHOR CAPITAL ADVISORS LLC 1.40% of their portfolio | 464.4k $47.7m | Added +12.3k |
| Ilex Capital Partners (UK) LLP 1.48% of their portfolio | 436.7k $44.9m | Reduced -218.4k |
| LPL Financial LLC 0.01% of their portfolio | 435.1k $44.7m | Reduced -10.2k |
| Ninety One UK Ltd 0.10% of their portfolio | 432.5k $44.4m | Reduced -17.7k |
| STIFEL FINANCIAL CORP 0.04% of their portfolio | 423.8k $43.5m | Reduced -90.4k |
| Maryland State Retirement & Pension System 0.93% of their portfolio | 413.5k $42.5m | Added +24.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 408.1k $41.9m | Added +6.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.07% of their portfolio | 398.9k $41.0m | Added +82.2k |
| Robeco Institutional Asset Management B.V. 0.07% of their portfolio | 394.3k $40.5m | Added +320.6k |
| Engineers Gate Manager LP 0.50% of their portfolio | 390.1k $40.1m | Added +387.6k |
| AVIVA PLC 0.08% of their portfolio | 366.9k $37.7m | Reduced -278.4k |