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 ($68.1m this quarter). Holder counts are more reliable. Shares outstanding: 435.5m as of 2025-11-04, 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 ≈ $96.46. Options: 26 managers hold calls ($212.1m notional), 23 hold puts ($139.5m).
Trends to Q3 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 |
| Q3 2025 | 1,063 |
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 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 |
| Q3 2025 | 483 | 518 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $441.3m | $399.6m | 0.91 |
| Q1 2025 | $854.9m | $525.8m | 0.62 |
| Q2 2025 | $883.3m | $462.8m | 0.52 |
| Q3 2025 | $212.1m | $139.5m | 0.66 |
Biggest buyers
| COHEN & STEERS, INC. | Added | +5.5m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +3.8m |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +2.6m |
| UBS Group AG | Added | +2.3m |
| CITADEL ADVISORS LLC | Added | +1.9m |
| Clearbridge Investments, LLC | New | +1.7m |
| Invesco Ltd. | Added | +1.6m |
| JPMORGAN CHASE & CO | Added | +1.4m |
| Brookfield Corp /ON/ | Added | +1.4m |
| ANTIPODES PARTNERS Ltd | New | +1.3m |
Biggest sellers
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -5.4m |
| ROYAL BANK OF CANADA | Reduced | -3.7m |
| FMR LLC | Reduced | -3.4m |
| NOMURA HOLDINGS INC | Reduced | -2.9m |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -2.4m |
| GATES FOUNDATION TRUST | Sold out | -1.4m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -1.3m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.1m |
| Mitsubishi UFJ Trust & Banking Corp | Reduced | -925.2k |
| NATIXIS | Reduced | -830.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $48.7m505.1k shares |
| CITADEL ADVISORS LLC | Reduced | $35.4m366.6k shares |
| Twin Tree Management, LP | Reduced | $26.9m278.5k shares |
| Great Hill Capital LLC | First filing | $18.8m195.0k shares |
| JANE STREET GROUP, LLC | Reduced | $11.1m115.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $10.6m109.9k shares |
| IMC-Chicago, LLC | Reduced | $9.4m97.1k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $9.0m93.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $7.8m80.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $7.7m80.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $28.7m297.4k shares |
| CITADEL ADVISORS LLC | Reduced | $15.0m155.4k shares |
| Caption Management, LLC | New | $13.1m135.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $12.8m132.8k shares |
| IMC-Chicago, LLC | Added | $10.8m111.6k shares |
| Hudson Bay Capital Management LP | New | $10.0m104.1k shares |
| Walleye Trading LLC | Reduced | $6.7m69.4k shares |
| WOLVERINE TRADING, LLC | Added | $6.3m66.0k shares |
| JANE STREET GROUP, LLC | Added | $4.6m47.6k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $4.4m45.3k 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 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2025 | 0 | — | 2 | $1.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-08-08 | SCHLANGER DANIEL K Interim President & CEO | Sold | $1.6m15.0k shares |
| 2025-08-06 | Levendos Christopher EVP & COO - Fiber | Sold | $150.0k1.4k 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.10% of their portfolio | 69.4m $6.7bn | Added +92.3k |
| BlackRock, Inc. 0.08% of their portfolio | 45.6m $4.4bn | Added +230.7k |
| COHEN & STEERS, INC. 6.24% of their portfolio | 35.8m $3.5bn | Added +5.5m |
| STATE STREET CORP 0.07% of their portfolio | 21.7m $2.1bn | Added +267.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.23% of their portfolio | 13.6m $1.3bn | Reduced -5.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 12.8m $1.2bn | Added +255.8k |
| MORGAN STANLEY 0.06% of their portfolio | 10.8m $1.0bn | Reduced -522.6k |
| FMR LLC 0.04% of their portfolio | 7.9m $765.2m | Reduced -3.4m |
| Invesco Ltd. 0.10% of their portfolio | 6.4m $621.2m | Added +1.6m |
| DIMENSIONAL FUND ADVISORS LP 0.13% of their portfolio | 6.2m $596.9m | Added +177.9k |
| Legal & General Group Plc 0.12% of their portfolio | 5.6m $542.4m | Added +232.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio | 5.5m $529.9m | Added +61.2k |
| Fisher Asset Management, LLC 0.19% of their portfolio | 5.5m $526.1m | Added +103.2k |
| LAZARD ASSET MANAGEMENT LLC 0.67% of their portfolio | 5.2m $500.7m | Reduced -282.9k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 5.1m $492.4m | Added +1.4m |
| DEUTSCHE BANK AG\ 0.16% of their portfolio | 5.1m $491.6m | Added +276.2k |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 5.1m $490.4m | Reduced -452.2k |
| UBS Group AG 0.09% of their portfolio | 4.9m $475.0m | Added +2.3m |
| ROYAL BANK OF CANADA 0.08% of their portfolio | 4.6m $439.1m | Reduced -3.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 4.5m $432.6m | Reduced -306.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.09% of their portfolio | 4.5m $431.4m | Added +3.8m |
| NORTHERN TRUST CORP 0.05% of their portfolio | 4.1m $397.9m | Reduced -104.3k |
| Daiwa Securities Group Inc. 1.28% of their portfolio | 3.9m $379.3m | Added +1.2m |
| Nuveen, LLC 0.10% of their portfolio | 3.8m $366.3m | Added +624.8k |
| FIL Ltd 0.25% of their portfolio | 3.3m $322.1m | Added +15.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.23% of their portfolio | 3.3m $320.8m | Added +2.6m |
| Capital World Investors 0.04% of their portfolio | 3.0m $289.5m | Added +64.8k |
| LONDON CO OF VIRGINIA 1.51% of their portfolio | 2.8m $274.1m | Reduced -102.4k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 2.7m $259.9m | Reduced -1.1m |
| Pictet Asset Management Holding SA 0.25% of their portfolio | 2.7m $259.0m | Added +1.0m |
| Amundi 0.08% of their portfolio | 2.7m $251.3m | Added +119.7k |
| COOKE & BIELER LP 2.41% of their portfolio | 2.4m $233.4m | Added +138.1k |
| Brookfield Corp /ON/ 0.25% of their portfolio | 2.2m $216.4m | Added +1.4m |
| Bank of New York Mellon Corp 0.04% of their portfolio | 2.2m $213.0m | Reduced -26.3k |
| Alyeska Investment Group, L.P. 0.64% of their portfolio | 2.2m $212.6m | Added +548.6k |
| CITADEL ADVISORS LLC 0.16% of their portfolio | 2.1m $201.5m | Added +1.9m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.16% of their portfolio | 2.1m $200.7m | Reduced -1.3m |
| SEI INVESTMENTS CO 0.18% of their portfolio | 1.8m $169.4m | Added +95.5k |
| Russell Investments Group, Ltd. 0.19% of their portfolio | 1.7m $167.2m | Added +391.8k |
| Clearbridge Investments, LLC 0.13% of their portfolio | 1.7m $166.7m | New |
| Man Group plc 0.30% of their portfolio | 1.6m $154.5m | Added +1.1m |
| Thrivent Financial for Lutherans 0.28% of their portfolio | 1.5m $141.6m | Added +359.1k |
| HSBC HOLDINGS PLC 0.08% of their portfolio | 1.4m $137.1m | Added +106.6k |
| Magellan Asset Management Ltd 1.59% of their portfolio | 1.4m $134.5m | Added +63.0k |
| MACQUARIE GROUP LTD 0.15% of their portfolio | 1.4m $130.8m | Added +240.2k |
| BARCLAYS PLC 0.05% of their portfolio | 1.4m $130.4m | Reduced -203.0k |
| California Public Employees Retirement System 0.08% of their portfolio | 1.3m $129.8m | Reduced -273.6k |
| GRS Advisors, LLC 11.69% of their portfolio | 1.3m $124.9m | Added +672.6k |
| ANTIPODES PARTNERS Ltd 2.73% of their portfolio | 1.3m $121.7m | New |
| Swiss National Bank 0.07% of their portfolio | 1.3m $121.1m | Reduced -62.9k |
| Elliott Investment Management L.P. 0.86% of their portfolio | 1.2m $118.2m | Unchanged |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.31% of their portfolio | 1.2m $115.2m | Added +101.5k |
| Cullen Capital Management, LLC 1.19% of their portfolio | 1.1m $109.2m | Reduced -970 |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 1.0m $98.5m | Reduced -12.6k |
| Woodline Partners LP 0.45% of their portfolio | 997.4k $96.2m | Added +950.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 937.7k $90.5m | Added +411.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 930.4k $89.8m | Added +30.6k |
| Aberdeen Group plc 0.14% of their portfolio | 924.5k $88.9m | Added +271.6k |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 901.4k $87.0m | Reduced -41.1k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.44% of their portfolio | 899.3k $86.8m | Added +186.5k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 885.4k $85.4m | Reduced -107.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 873.1k $84.2m | Added +33.8k |
| Ninety One UK Ltd 0.09% of their portfolio | 846.2k $81.6m | Added +413.7k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 836.4k $80.7m | Reduced -7.9k |
| Capital International Investors 0.01% of their portfolio | 782.1k $75.5m | New |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 756.7k $73.0m | Reduced -75.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 728.2k $70.3m | Added +11.7k |
| Munich Reinsurance Co Stock Corp in Munich 1.74% of their portfolio | 718.5k $69.3m | First filing |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.98% of their portfolio | 709.6k $68.5m | Unchanged |
| Retirement Systems of Alabama 0.23% of their portfolio | 705.7k $68.1m | Added +58.7k |
| CANADA LIFE ASSURANCE Co 0.10% of their portfolio | 704.1k $67.7m | Added +53.5k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.12% of their portfolio | 700.2k $67.6m | Reduced -615.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 685.4k $66.1m | Added +76.1k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 684.1k $66.0m | Added +12.7k |
| CITIGROUP INC 0.04% of their portfolio | 665.2k $64.2m | Added +7.5k |
| National Pension Service 0.05% of their portfolio | 656.8k $63.4m | Added +22.0k |
| Ensign Peak Advisors, Inc 0.10% of their portfolio | 635.1k $61.3m | Reduced -26.0k |
| REGIONS FINANCIAL CORP 0.20% of their portfolio | 626.0k $60.4m | Added +312.1k |
| PRUDENTIAL FINANCIAL INC 0.07% of their portfolio | 622.4k $60.1m | Added +8.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.10% of their portfolio | 612.4k $59.1m | Reduced -13.4k |
| SNYDER CAPITAL MANAGEMENT L P 1.09% of their portfolio | 599.7k $57.9m | Added +345.7k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 588.7k $56.8m | Reduced -135.9k |
| Homestead Advisers Corp 1.35% of their portfolio | 585.8k $56.5m | Reduced -11.7k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 582.4k $56.2m | Reduced -34.8k |
| M&G PLC 0.29% of their portfolio | 558.2k $53.6m | Reduced -415.2k |
| NATIONAL BANK OF CANADA /FI/ 0.06% of their portfolio | 537.3k $51.8m | Reduced -2.4m |
| NATIXIS ADVISORS, LLC 0.07% of their portfolio | 524.7k $50.6m | Added +22.2k |
| UniSuper Management Pty Ltd 0.31% of their portfolio | 518.1k $50.0m | Added +7.2k |
| Korea Investment CORP 0.10% of their portfolio | 508.4k $49.1m | Added +289.0k |
| Robeco Institutional Asset Management B.V. 0.07% of their portfolio | 507.3k $48.9m | Added +113.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.08% of their portfolio | 486.9k $47.0m | Added +126.1k |
| MARSHALL WACE, LLP 0.05% of their portfolio | 451.7k $43.6m | New |
| LPL Financial LLC 0.01% of their portfolio | 448.6k $43.3m | Added +13.5k |
| ANCHOR CAPITAL ADVISORS LLC 1.25% of their portfolio | 448.4k $43.3m | Reduced -16.0k |
| ING GROEP NV 0.23% of their portfolio | 441.3k $42.6m | Added +384.0k |
| Maryland State Retirement & Pension System 0.86% of their portfolio | 425.2k $41.0m | Added +11.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.06% of their portfolio | 421.5k $40.7m | Added +22.6k |
| STIFEL FINANCIAL CORP 0.04% of their portfolio | 421.4k $40.7m | Reduced -2.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 402.2k $38.8m | Reduced -5.9k |
| AVIVA PLC 0.07% of their portfolio | 382.1k $36.9m | Added +15.2k |