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 ($50.8m this quarter). Holder counts are more reliable. Shares outstanding: 436.5m as of 2026-05-05, 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 ≈ $81.29. Options: 20 managers hold calls ($116.9m notional), 18 hold puts ($73.8m).
Trends to Q1 2026
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 |
| Q4 2025 | 1,031 |
| Q1 2026 | 956 |
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 2024 | 489 | 646 |
| Q3 2024 | 551 | 538 |
| Q4 2024 | 411 | 680 |
| Q1 2025 | 534 | 557 |
| Q2 2025 | 528 | 513 |
| Q3 2025 | 483 | 518 |
| Q4 2025 | 395 | 593 |
| Q1 2026 | 423 | 542 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $883.3m | $462.8m | 0.52 |
| Q3 2025 | $212.1m | $139.5m | 0.66 |
| Q4 2025 | $173.5m | $93.7m | 0.54 |
| Q1 2026 | $116.9m | $73.8m | 0.63 |
Biggest buyers
| WELLINGTON MANAGEMENT GROUP LLP | Added | +4.8m |
| LAZARD ASSET MANAGEMENT LLC | Added | +1.8m |
| CITADEL ADVISORS LLC | Added | +1.8m |
| Magellan Asset Management Ltd | Added | +1.1m |
| ROYAL BANK OF CANADA | Added | +938.7k |
| BARCLAYS PLC | Added | +893.5k |
| THOMPSON SIEGEL & WALMSLEY LLC | Added | +842.6k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Added | +773.9k |
| UBS Group AG | Added | +713.7k |
| Balyasny Asset Management L.P. | Added | +636.8k |
Biggest sellers
| Invesco Ltd. | Reduced | -3.2m |
| FMR LLC | Reduced | -2.1m |
| Alyeska Investment Group, L.P. | Reduced | -1.6m |
| HSBC HOLDINGS PLC | Reduced | -1.4m |
| Nuveen, LLC | Reduced | -1.3m |
| Man Group plc | Reduced | -854.6k |
| Capital International Investors | Sold out | -809.2k |
| Pictet Asset Management Holding SA | Reduced | -767.1k |
| Ilex Capital Partners (UK) LLP | Reduced | -695.4k |
| GRS Advisors, LLC | Reduced | -646.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $29.0m357.1k shares |
| CITADEL ADVISORS LLC | Reduced | $21.2m261.0k shares |
| Twin Tree Management, LP | New | $14.2m174.6k shares |
| Great Hill Capital LLC | Reduced | $13.2m115.0k shares |
| IMC-Chicago, LLC | Added | $11.5m142.0k shares |
| JANE STREET GROUP, LLC | Reduced | $8.7m107.1k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $5.1m63.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $3.2m39.0k shares |
| Walleye Trading LLC | Reduced | $2.5m30.3k shares |
| Squarepoint Ops LLC | Added | $1.8m22.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $23.8m293.1k shares |
| CITADEL ADVISORS LLC | Reduced | $13.7m168.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $7.0m85.8k shares |
| IMC-Chicago, LLC | Added | $6.3m77.6k shares |
| GROUP ONE TRADING LLC | Added | $4.0m49.2k shares |
| JANE STREET GROUP, LLC | Added | $3.9m48.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.3m40.3k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $2.1m25.6k shares |
| Twin Tree Management, LP | Added | $1.7m21.3k shares |
| Walleye Trading LLC | Reduced | $1.5m18.8k 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 2026
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 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 | — |
| Q4 2025 | 0 | — | 2 | $3.0m | — |
| Q1 2026 | 0 | — | 3 | $814.0k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-02-27 | Collins Robert Sean Vice President and Controller | Sold | $262.5k3.0k shares |
| 2026-02-25 | Adams Edward B JR EVP and General Counsel | Sold | $401.5k4.7k shares |
| 2026-02-06 | Levendos Christopher EVP & COO - Fiber | Sold | $150.1k1.9k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.07% of their portfolio | 47.0m $3.8bn | Added +304.4k |
| COHEN & STEERS, INC. 5.70% of their portfolio | 40.4m $3.3bn | Added +574.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.16% of their portfolio | 37.3m $3.0bn | First filing |
| VANGUARD CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 28.3m $2.3bn | First filing |
| STATE STREET CORP 0.06% of their portfolio | 22.8m $1.9bn | Added +572.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.29% of their portfolio | 18.8m $1.5bn | Added +4.8m |
| LAZARD ASSET MANAGEMENT LLC 1.80% of their portfolio | 13.5m $1.1bn | Added +1.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 13.4m $1.1bn | Added +335.3k |
| MORGAN STANLEY 0.05% of their portfolio | 9.7m $792.0m | Reduced -448.1k |
| DEUTSCHE BANK AG\ 0.18% of their portfolio | 6.8m $553.5m | Reduced -352.8k |
| DIMENSIONAL FUND ADVISORS LP 0.11% of their portfolio | 6.3m $514.3m | Added +144.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio | 5.9m $483.8m | Added +184.7k |
| Legal & General Group Plc 0.11% of their portfolio | 5.7m $463.5m | Reduced -325.2k |
| Fisher Asset Management, LLC 0.15% of their portfolio | 5.6m $453.5m | Added +70.4k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 4.9m $396.6m | Added +61.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.31% of their portfolio | 4.4m $361.7m | Reduced -161.9k |
| Daiwa Securities Group Inc. 1.03% of their portfolio | 4.4m $356.6m | Added +72.2k |
| ROYAL BANK OF CANADA 0.07% of their portfolio | 4.2m $343.3m | Added +938.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.04% of their portfolio | 4.1m $333.5m | Added +368.6k |
| Invesco Ltd. 0.03% of their portfolio | 4.1m $333.0m | Reduced -3.2m |
| UBS Group AG 0.06% of their portfolio | 4.1m $330.8m | Added +713.7k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 3.9m $317.7m | Reduced -118.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.20% of their portfolio | 3.8m $312.6m | Added +521.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.16% of their portfolio | 3.7m $302.2m | Added +134.9k |
| FIL Ltd 0.21% of their portfolio | 3.3m $269.9m | Reduced -15.1k |
| Capital World Investors 0.04% of their portfolio | 3.2m $259.8m | Added +543.2k |
| Magellan Asset Management Ltd 3.01% of their portfolio | 2.9m $232.2m | Added +1.1m |
| COOKE & BIELER LP 2.53% of their portfolio | 2.8m $224.0m | Reduced -176.4k |
| FMR LLC 0.01% of their portfolio | 2.7m $222.2m | Reduced -2.1m |
| VANGUARD FIDUCIARY TRUST CO 0.05% of their portfolio | 2.5m $199.3m | First filing |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.4m $189.2m | Reduced -555.6k |
| Nuveen, LLC 0.05% of their portfolio | 2.3m $190.7m | Reduced -1.3m |
| Bank of New York Mellon Corp 0.03% of their portfolio | 2.3m $185.7m | Added +175.5k |
| Brookfield Corp /ON/ 0.24% of their portfolio | 2.2m $176.9m | Reduced -121.0k |
| BARCLAYS PLC 0.06% of their portfolio | 2.1m $174.3m | Added +893.5k |
| SEI INVESTMENTS CO 0.15% of their portfolio | 2.0m $165.5m | Added +3.1k |
| Pictet Asset Management Holding SA 0.17% of their portfolio | 2.0m $162.5m | Reduced -767.1k |
| Amundi 0.04% of their portfolio | 2.0m $159.2m | Added +39.4k |
| CITADEL ADVISORS LLC 0.11% of their portfolio | 2.0m $158.9m | Added +1.8m |
| MILFORD FUNDS LTD 3.08% of their portfolio | 1.8m $147.2m | Reduced -89.2k |
| HSBC HOLDINGS PLC 0.09% of their portfolio | 1.8m $145.8m | Reduced -1.4m |
| Thrivent Financial for Lutherans 0.27% of their portfolio | 1.8m $142.8m | Added +323.9k |
| Russell Investments Group, Ltd. 0.15% of their portfolio | 1.7m $137.9m | Reduced -121.8k |
| ANTIPODES PARTNERS Ltd 2.54% of their portfolio | 1.6m $132.1m | Added +199.7k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.16% of their portfolio | 1.5m $120.3m | Added +773.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.3m $106.5m | Reduced -96.5k |
| Swiss National Bank 0.06% of their portfolio | 1.3m $103.9m | Added +84.7k |
| Elliott Investment Management L.P. 0.63% of their portfolio | 1.2m $99.6m | Unchanged |
| LONDON CO OF VIRGINIA 0.61% of their portfolio | 1.2m $98.3m | Reduced -18.7k |
| Woodline Partners LP 0.37% of their portfolio | 1.2m $97.8m | Added +29.4k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.01% of their portfolio | 1.2m $97.0m | Added +370 |
| Cullen Capital Management, LLC 0.99% of their portfolio | 1.2m $96.6m | Added +122.1k |
| Alyeska Investment Group, L.P. 0.26% of their portfolio | 1.1m $90.8m | Reduced -1.6m |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 1.0m $83.0m | Added +74.7k |
| Aberdeen Group plc 0.13% of their portfolio | 1.0m $81.7m | Reduced -48.0k |
| Munich Reinsurance Co Stock Corp in Munich 1.95% of their portfolio | 975.4k $79.3m | Added +227.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 972.3k $79.1m | Added +55.9k |
| Vanguard Global Advisers, LLC 0.04% of their portfolio | 951.9k $77.4m | First filing |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.38% of their portfolio | 926.1k $75.3m | Reduced -26.0k |
| THOMPSON SIEGEL & WALMSLEY LLC 1.31% of their portfolio | 912.7k $74.2m | Added +842.6k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 910.0k $74.0m | Added +36.7k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 881.5k $71.7m | Reduced -2.8k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.12% of their portfolio | 878.0k $71.4m | Reduced -556.4k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 872.5k $70.9m | Reduced -28.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.11% of their portfolio | 856.2k $69.6m | Added +291.0k |
| California Public Employees Retirement System 0.04% of their portfolio | 837.2k $68.1m | Reduced -273.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 829.7k $67.5m | Reduced -60.8k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.05% of their portfolio | 752.9k $61.2m | First filing |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 711.7k $57.9m | Reduced -19.0k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.10% of their portfolio | 701.8k $57.3m | Added +28.9k |
| Retirement Systems of Alabama 0.19% of their portfolio | 700.3k $56.9m | Reduced -674 |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 678.4k $55.2m | Added +410.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 666.1k $54.2m | Reduced -263.4k |
| Balyasny Asset Management L.P. 0.10% of their portfolio | 652.5k $53.1m | Added +636.8k |
| National Pension Service 0.04% of their portfolio | 623.9k $50.7m | Reduced -131.9k |
| CANADA LIFE ASSURANCE Co 0.09% of their portfolio | 606.1k $49.5m | Reduced -26.1k |
| SG Americas Securities, LLC 0.05% of their portfolio | 599.6k $48.8m | Added +318.6k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 583.4k $47.4m | Reduced -27.2k |
| CITIGROUP INC 0.03% of their portfolio | 578.8k $47.1m | Added +21.7k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.68% of their portfolio | 562.0k $45.7m | Reduced -147.6k |
| SNYDER CAPITAL MANAGEMENT L P 0.88% of their portfolio | 559.4k $45.5m | Reduced -87.4k |
| Robeco Institutional Asset Management B.V. 0.06% of their portfolio | 558.7k $45.4m | Reduced -134.0k |
| Ensign Peak Advisors, Inc 0.08% of their portfolio | 554.9k $45.1m | Reduced -56.3k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 528.3k $46.9m | Reduced -39.3k |
| Man Group plc 0.09% of their portfolio | 526.7k $42.8m | Reduced -854.6k |
| UniSuper Management Pty Ltd 0.28% of their portfolio | 522.5k $42.5m | Added +5.2k |
| ZACKS INVESTMENT MANAGEMENT 0.34% of their portfolio | 517.4k $42.1m | Added +32.9k |
| Homestead Advisers Corp 1.11% of their portfolio | 508.7k $41.2m | Reduced -5.7k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 506.9k $41.2m | Reduced -39.1k |
| ANCHOR CAPITAL ADVISORS LLC 1.13% of their portfolio | 489.6k $39.8m | Added +99.5k |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 455.6k $37.0m | New |
| Vanguard Investments Australia, Ltd. 0.10% of their portfolio | 435.6k $35.4m | First filing |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 426.9k $34.7m | Added +273.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.08% of their portfolio | 423.3k $34.4m | Reduced -197.8k |
| Maryland State Retirement & Pension System 0.68% of their portfolio | 414.2k $33.7m | Reduced -18.0k |
| AVIVA PLC 0.06% of their portfolio | 412.9k $33.6m | Added +11.3k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.34% of their portfolio | 402.6k $32.7m | Added +101.3k |
| Ninety One UK Ltd 0.07% of their portfolio | 393.9k $32.0m | Reduced -16.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio | 390.2k $31.7m | Reduced -3.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.06% of their portfolio | 386.4k $31.4m | Reduced -7.3k |