TELUS CORPORATION TU
COM · Common Stock · CUSIP 87971M103 · ISIN CA87971M1032
Canadian telecommunications company
* 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 ($479.1m this quarter). Holder counts are more reliable. Shares outstanding: 1.4bn as of 2022-12-31, 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 ≈ $20.02. Options: 13 managers hold calls ($46.5m notional), 10 hold puts ($26.8m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 314 |
| Q4 2022 | 322 |
| Q1 2023 | 310 |
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 2022 | 157 | 145 |
| Q1 2023 | 152 | 149 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $31.3m | $11.3m | 0.36 |
| Q4 2022 | $43.8m | $10.0m | 0.23 |
| Q1 2023 | $46.5m | $26.8m | 0.58 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +5.7m |
| BANK OF MONTREAL /CAN/ | Added | +4.2m |
| 1832 Asset Management L.P. | Added | +2.2m |
| GOLDMAN SACHS GROUP INC | Added | +1.9m |
| Beutel, Goodman & Co Ltd. | Added | +1.5m |
| CIBC WORLD MARKET INC. | Added | +1.2m |
| Man Group plc | New | +1.2m |
| MACKENZIE FINANCIAL CORP | Added | +1.1m |
| Invesco Ltd. | Added | +904.9k |
| INTACT INVESTMENT MANAGEMENT INC. | Added | +650.4k |
Biggest sellers
| FIL Ltd | Reduced | -4.5m |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | Reduced | -3.2m |
| Schonfeld Strategic Advisors LLC | Reduced | -2.8m |
| FMR LLC | Reduced | -2.1m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -1.8m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.8m |
| Alberta Investment Management Corp | Reduced | -1.5m |
| AXIOM INVESTORS LLC /DE | Sold out | -1.5m |
| Man Group plc | Sold out | -1.3m |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -1.2m |
Biggest calls
| ROYAL BANK OF CANADA | Reduced | $14.3m720.6k shares |
| BANK OF MONTREAL /CAN/ | Added | $10.2m511.2k shares |
| BANK OF AMERICA CORP /DE/ | New | $7.9m400.0k shares |
| HSBC HOLDINGS PLC | Unchanged | $5.0m250.0k shares |
| JANE STREET GROUP, LLC | New | $2.6m130.0k shares |
| CITADEL ADVISORS LLC | Added | $2.1m104.8k shares |
| CIBC WORLD MARKET INC. | Reduced | $2.0m100.0k shares |
| SIG North Trading, ULC | Reduced | $1.7m86.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $415.1k20.9k shares |
| Walleye Trading LLC | Added | $131.1k6.6k shares |
Biggest puts
| ROYAL BANK OF CANADA | Added | $13.9m700.0k shares |
| CIBC WORLD MARKET INC. | Added | $3.0m150.0k shares |
| JANE STREET GROUP, LLC | New | $2.6m130.0k shares |
| SIG North Trading, ULC | Added | $2.5m123.5k shares |
| UBS Group AG | New | $2.0m100.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $1.4m69.2k shares |
| CITADEL ADVISORS LLC | Added | $812.3k40.9k shares |
| Walleye Trading LLC | Added | $637.5k32.1k shares |
| SIMPLEX TRADING, LLC | Added | $109.0k5.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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.
Insider purchases and sales in Q1 2023
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.
None reported in Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.92% of their portfolio | 155.4m $3.1bn | Added +5.7m |
| MACKENZIE FINANCIAL CORP 1.88% of their portfolio | 60.8m $1.2bn | Added +1.1m |
| BANK OF MONTREAL /CAN/ 0.48% of their portfolio | 57.0m $1.1bn | Added +4.2m |
| TD Asset Management Inc 0.96% of their portfolio | 40.1m $795.6m | Reduced -113.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.41% of their portfolio | 36.7m $728.1m | Reduced -1.1m |
| 1832 Asset Management L.P. 1.21% of their portfolio | 29.5m $585.9m | Added +2.2m |
| CIBC WORLD MARKET INC. 1.67% of their portfolio | 23.3m $462.4m | Added +1.2m |
| CIBC Asset Management Inc 1.86% of their portfolio | 23.2m $460.1m | Added +274.6k |
| BANK OF NOVA SCOTIA 1.29% of their portfolio | 21.9m $434.6m | Added +233.5k |
| VANGUARD GROUP INC 0.01% of their portfolio | 20.9m $414.4m | Added +530.7k |
| NATIONAL BANK OF CANADA /FI/ 0.97% of their portfolio | 18.1m $358.8m | Reduced -19.3k |
| TORONTO DOMINION BANK 0.53% of their portfolio | 14.7m $325.5m | Reduced -174.3k |
| SCOTIA CAPITAL INC. 2.05% of their portfolio | 14.1m $280.5m | Added +595.1k |
| Fiera Capital Corp 0.81% of their portfolio | 13.7m $272.6m | Added +636.9k |
| Connor, Clark & Lunn Investment Management Ltd. 1.21% of their portfolio | 11.2m $222.5m | Reduced -1.2m |
| Invesco Ltd. 0.05% of their portfolio | 9.2m $183.1m | Added +904.9k |
| Federation des caisses Desjardins du Quebec 1.80% of their portfolio | 8.1m $163.0m | Added +551.5k |
| Beutel, Goodman & Co Ltd. 0.86% of their portfolio | 7.4m $146.6m | Added +1.5m |
| TD Waterhouse Canada Inc. 2.04% of their portfolio | 7.3m $197.0m | Added +167.9k |
| LETKO, BROSSEAU & ASSOCIATES INC 2.68% of their portfolio | 7.2m $143.3m | Added +46.6k |
| FRANKLIN RESOURCES INC 0.07% of their portfolio | 6.8m $134.3m | Added +130.6k |
| OMERS ADMINISTRATION Corp 1.95% of their portfolio | 6.4m $126.5m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 6.2m $123.3m | Reduced -1.8m |
| JANUS HENDERSON GROUP PLC 0.07% of their portfolio | 5.6m $111.0m | Reduced -55.0k |
| FIRST TRUST ADVISORS LP 0.13% of their portfolio | 5.6m $110.8m | Added +95.6k |
| MORGAN STANLEY 0.01% of their portfolio | 5.0m $99.9m | Reduced -1.2m |
| GUARDIAN CAPITAL LP 3.10% of their portfolio | 4.9m $97.2m | Added +51.6k |
| NORGES BANK 0.02% of their portfolio | 4.8m $94.6m | Added +35.6k |
| AGF MANAGEMENT LTD 0.59% of their portfolio | 4.3m $86.0m | Reduced -925.7k |
| Caisse de depot et placement du Quebec 0.23% of their portfolio | 4.1m $81.7m | Added +320.2k |
| Alberta Investment Management Corp 0.68% of their portfolio | 3.5m $69.5m | Reduced -1.5m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 3.5m $68.6m | Reduced -20.3k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.11% of their portfolio | 3.2m $63.0m | Added +232.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 3.0m $59.7m | Added +10.3k |
| INTACT INVESTMENT MANAGEMENT INC. 2.37% of their portfolio | 2.9m $57.5m | Added +650.4k |
| FIL Ltd 0.07% of their portfolio | 2.9m $57.5m | Reduced -4.5m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.7m $53.9m | Added +1.9m |
| AEGON ASSET MANAGEMENT UK Plc 0.82% of their portfolio | 2.4m $46.9m | Added +7.9k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.57% of their portfolio | 2.3m $46.6m | Unchanged |
| BlackRock Inc. 0.00% of their portfolio | 2.3m $45.5m | Added +198.6k |
| DekaBank Deutsche Girozentrale 0.11% of their portfolio | 2.2m $44.7m | Reduced -43.6k |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.92% of their portfolio | 2.2m $44.5m | Reduced -17.3k |
| Amundi 0.02% of their portfolio | 2.2m $44.9m | Reduced -232.4k |
| APG Asset Management N.V. 0.08% of their portfolio | 2.0m $37.2m | Added +250.2k |
| NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio | 2.0m $39.3m | Reduced -172.9k |
| AVIVA PLC 0.17% of their portfolio | 1.9m $38.6m | Added +564.8k |
| Swiss National Bank 0.03% of their portfolio | 1.9m $37.9m | Reduced -67.1k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 1.8m $35.0m | Added +147.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.7m $35.7m | Added +58.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 1.7m $34.2m | Added +78.4k |
| Nexus Investment Management ULC 3.54% of their portfolio | 1.6m $32.1m | Added +700 |
| FEDERATED HERMES, INC. 0.08% of their portfolio | 1.6m $30.9m | Added +10.9k |
| CIDEL ASSET MANAGEMENT INC 1.39% of their portfolio | 1.5m $30.3m | Reduced -29.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 1.5m $29.7m | Reduced -1.8m |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 3.43% of their portfolio | 1.5m $29.4m | Reduced -743 |
| BANK OF NOVA SCOTIA TRUST CO 3.08% of their portfolio | 1.4m $28.0m | Added +154.7k |
| CITIGROUP INC 0.03% of their portfolio | 1.3m $25.9m | Added +138.7k |
| Man Group plc 0.08% of their portfolio | 1.2m $23.5m | New |
| Scheer, Rowlett & Associates Investment Management Ltd. 1.85% of their portfolio | 1.1m $22.4m | Added +198.1k |
| JARISLOWSKY, FRASER Ltd 0.12% of their portfolio | 1.0m $19.9m | Reduced -16.5k |
| Heathbridge Capital Management Ltd. 7.89% of their portfolio | 944.1k $18.7m | Reduced -52.4k |
| FMR LLC 0.00% of their portfolio | 925.5k $18.4m | Reduced -2.1m |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 892.4k $17.7m | Added +2.4k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 854.8k $17.0m | Added +24.4k |
| Triasima Portfolio Management inc. 1.38% of their portfolio | 842.7k $16.7m | Reduced -1.2m |
| GUARDIAN CAPITAL ADVISORS LP 1.97% of their portfolio | 819.1k $17.1m | Added +32.2k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.08% of their portfolio | 816.4k $21.9m | Added +49.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 792.1k $15.7m | Reduced -591.8k |
| Schonfeld Strategic Advisors LLC 0.14% of their portfolio | 757.0k $15.0m | Reduced -2.8m |
| NICOLA WEALTH MANAGEMENT LTD. 1.38% of their portfolio | 703.0k $13.9m | Added +388.0k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.08% of their portfolio | 699.9k $13.9m | Reduced -322.2k |
| Onex Canada Asset Management Inc. 0.73% of their portfolio | 673.6k $13.4m | Reduced -19.5k |
| Credential Qtrade Securities Inc. 0.88% of their portfolio | 667.7k $13.3m | Added +15.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 652.0k $12.9m | Added +441 |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 645.0k $12.8m | Added +168.5k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 636.2k $12.6m | Added +125.6k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 634.6k $12.6m | Reduced -413.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 626.0k $14.7m | Reduced -67.2k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.13% of their portfolio | 619.8k $12.3m | Reduced -3.2m |
| Northwest & Ethical Investments L.P. 0.41% of their portfolio | 616.9k $12.2m | Reduced -69.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 614.2k $12.2m | Reduced -79.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 590.8k $11.7m | Added +19.4k |
| Baskin Financial Services Inc. 1.18% of their portfolio | 568.0k $11.3m | Added +13.1k |
| REAVES W H & CO INC 0.40% of their portfolio | 563.2k $11.2m | Added +3.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 547.1k $10.9m | Added +34.5k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 542.0k $10.8m | Added +50.9k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 535.2k $10.6m | Reduced -37.4k |
| GABELLI FUNDS LLC 0.07% of their portfolio | 479.0k $9.5m | Unchanged |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 448.0k $8.9m | Reduced -30.0k |
| Candriam S.C.A. 0.05% of their portfolio | 361.7k $6.6m | Added +321.8k |
| USS Investment Management Ltd 0.10% of their portfolio | 355.6k $7.1m | Added +2.8k |
| Clean Yield Group 2.91% of their portfolio | 343.9k $6.8m | Added +45.2k |
| Summit Financial Wealth Advisors, LLC 1.60% of their portfolio | 339.2k $6.7m | Added +3.5k |
| Harvest Portfolios Group Inc. 0.30% of their portfolio | 309.1k $6.1m | New |
| Rempart Asset Management Inc. 1.27% of their portfolio | 289.5k $5.7m | Added +16.3k |
| OSSIAM 0.12% of their portfolio | 280.2k $5.6m | Added +93.7k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.09% of their portfolio | 280.0k $5.6m | Reduced -10.7k |
| Fidelity National Financial, Inc. 0.21% of their portfolio | 280.0k $5.6m | Unchanged |
| PRUDENTIAL PLC 0.06% of their portfolio | 267.4k $5.3m | Added +18.1k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 260.3k $5.2m | Reduced -5.2k |