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 ($499.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $19.63. Options: 13 managers hold calls ($60.1m notional), 10 hold puts ($21.0m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 314 |
| Q4 2022 | 322 |
| Q1 2023 | 310 |
| Q2 2023 | 304 |
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 |
| Q2 2023 | 144 | 141 |
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 |
| Q2 2023 | $60.1m | $21.0m | 0.35 |
Biggest buyers
| TORONTO DOMINION BANK | Added | +15.0m |
| BANK OF MONTREAL /CAN/ | Added | +10.5m |
| ROYAL BANK OF CANADA | Added | +7.1m |
| MACKENZIE FINANCIAL CORP | Added | +4.1m |
| Man Group plc | New | +1.5m |
| CIBC WORLD MARKET INC. | Added | +1.4m |
| 1832 Asset Management L.P. | Added | +1.4m |
| INTACT INVESTMENT MANAGEMENT INC. | Added | +1.2m |
| MARSHALL WACE, LLP | Added | +1.1m |
| SCOTIA CAPITAL INC. | Added | +999.7k |
Biggest sellers
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -8.6m |
| TD Asset Management Inc | Reduced | -5.6m |
| CIBC Asset Management Inc | Reduced | -2.0m |
| JANUS HENDERSON GROUP PLC | Reduced | -2.0m |
| Man Group plc | Sold out | -1.2m |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -956.8k |
| GOLDMAN SACHS GROUP INC | Reduced | -908.7k |
| AVIVA PLC | Reduced | -899.7k |
| BANK OF NOVA SCOTIA | Reduced | -797.3k |
| Triasima Portfolio Management inc. | Reduced | -793.0k |
Biggest calls
| ROYAL BANK OF CANADA | Added | $32.1m1.6m shares |
| BANK OF AMERICA CORP /DE/ | Added | $9.7m500.0k shares |
| HSBC HOLDINGS PLC | Added | $8.8m450.0k shares |
| SIG North Trading, ULC | Added | $3.9m201.2k shares |
| JANE STREET GROUP, LLC | Unchanged | $2.5m130.0k shares |
| CIBC WORLD MARKET INC. | Unchanged | $1.9m100.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $445.6k22.9k shares |
| Walleye Trading LLC | Added | $342.5k17.6k shares |
| GROUP ONE TRADING LLC | Added | $122.6k6.3k shares |
| SIMPLEX TRADING, LLC | Unchanged | $87.0k4.5k shares |
Biggest puts
| ROYAL BANK OF CANADA | Reduced | $9.7m500.0k shares |
| CIBC WORLD MARKET INC. | Unchanged | $2.9m150.0k shares |
| JANE STREET GROUP, LLC | Unchanged | $2.5m130.0k shares |
| BANK OF AMERICA CORP /DE/ | New | $1.9m100.0k shares |
| SIG North Trading, ULC | Reduced | $1.8m92.2k shares |
| CITADEL ADVISORS LLC | Added | $1.2m60.5k shares |
| Walleye Trading LLC | Reduced | $581.9k29.9k shares |
| SIMPLEX TRADING, LLC | Added | $278.0k14.3k shares |
| GROUP ONE TRADING LLC | New | $1.9k100 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.
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.
No one currently above 5% in the filings since 19 Dec 2024.
Fell to 5% or below in the last year: BANK OF MONTREAL /CAN/ (3.8%, 2025-11-14)
Insider purchases and sales in Q2 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 Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.88% of their portfolio | 162.5m $3.2bn | Added +7.1m |
| BANK OF MONTREAL /CAN/ 0.48% of their portfolio | 67.5m $1.3bn | Added +10.5m |
| MACKENZIE FINANCIAL CORP 1.93% of their portfolio | 64.9m $1.3bn | Added +4.1m |
| TD Asset Management Inc 0.77% of their portfolio | 34.6m $673.3m | Reduced -5.6m |
| 1832 Asset Management L.P. 1.17% of their portfolio | 30.9m $600.6m | Added +1.4m |
| TORONTO DOMINION BANK 0.48% of their portfolio | 29.7m $640.6m | Added +15.0m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.31% of their portfolio | 28.1m $547.4m | Reduced -8.6m |
| CIBC WORLD MARKET INC. 1.66% of their portfolio | 24.7m $481.8m | Added +1.4m |
| VANGUARD GROUP INC 0.01% of their portfolio | 21.4m $416.5m | Added +536.3k |
| CIBC Asset Management Inc 1.62% of their portfolio | 21.2m $412.3m | Reduced -2.0m |
| BANK OF NOVA SCOTIA 1.08% of their portfolio | 21.1m $410.6m | Reduced -797.3k |
| NATIONAL BANK OF CANADA /FI/ 0.68% of their portfolio | 17.6m $342.5m | Reduced -456.5k |
| SCOTIA CAPITAL INC. 2.02% of their portfolio | 15.1m $294.1m | Added +999.7k |
| Fiera Capital Corp 0.79% of their portfolio | 14.0m $272.3m | Added +232.1k |
| Connor, Clark & Lunn Investment Management Ltd. 1.00% of their portfolio | 10.3m $199.5m | Reduced -956.8k |
| Invesco Ltd. 0.05% of their portfolio | 10.0m $193.9m | Added +745.1k |
| Federation des caisses Desjardins du Quebec 1.64% of their portfolio | 8.5m $167.4m | Added +387.8k |
| TD Waterhouse Canada Inc. 2.05% of their portfolio | 7.9m $205.2m | Added +573.5k |
| Beutel, Goodman & Co Ltd. 0.81% of their portfolio | 7.4m $145.0m | Added +49.3k |
| FRANKLIN RESOURCES INC 0.07% of their portfolio | 7.0m $137.0m | Added +275.7k |
| LETKO, BROSSEAU & ASSOCIATES INC 2.54% of their portfolio | 7.0m $136.4m | Reduced -226.9k |
| OMERS ADMINISTRATION Corp 1.93% of their portfolio | 6.4m $124.3m | Unchanged |
| FIRST TRUST ADVISORS LP 0.13% of their portfolio | 6.0m $117.4m | Added +453.3k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 5.6m $109.7m | Reduced -573.1k |
| GUARDIAN CAPITAL LP 3.34% of their portfolio | 5.4m $104.5m | Added +460.9k |
| AGF MANAGEMENT LTD 0.72% of their portfolio | 5.1m $99.3m | Added +775.1k |
| NORGES BANK 0.02% of their portfolio | 4.9m $95.5m | Added +143.0k |
| MORGAN STANLEY 0.01% of their portfolio | 4.3m $84.5m | Reduced -692.2k |
| Caisse de depot et placement du Quebec 0.22% of their portfolio | 4.3m $84.4m | Added +209.6k |
| INTACT INVESTMENT MANAGEMENT INC. 3.29% of their portfolio | 4.1m $80.7m | Added +1.2m |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 3.6m $70.5m | Reduced -2.0m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 3.5m $68.0m | Added +42.6k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.10% of their portfolio | 3.2m $62.6m | Added +34.5k |
| Alberta Investment Management Corp 0.58% of their portfolio | 3.1m $60.8m | Reduced -387.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 3.0m $58.3m | Reduced -9.4k |
| AEGON ASSET MANAGEMENT UK Plc 0.74% of their portfolio | 2.4m $45.8m | Reduced -5.1k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.56% of their portfolio | 2.3m $45.8m | Unchanged |
| FIL Ltd 0.05% of their portfolio | 2.3m $45.6m | Reduced -548.5k |
| BlackRock Inc. 0.00% of their portfolio | 2.3m $43.9m | Reduced -37.5k |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.67% of their portfolio | 2.2m $43.2m | Reduced -23.9k |
| DekaBank Deutsche Girozentrale 0.10% of their portfolio | 2.2m $42.7m | Reduced -36.2k |
| Amundi 0.02% of their portfolio | 2.1m $40.3m | Reduced -104.3k |
| APG Asset Management N.V. 0.07% of their portfolio | 2.0m $35.9m | Reduced -27.2k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 1.9m $37.7m | Reduced -43.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.8m $36.5m | Added +84.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.8m $35.1m | Reduced -908.7k |
| Swiss National Bank 0.02% of their portfolio | 1.8m $34.5m | Reduced -136.0k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 3.87% of their portfolio | 1.7m $33.6m | Added +242.5k |
| Nexus Investment Management ULC 3.46% of their portfolio | 1.6m $31.8m | Added +13.0k |
| FEDERATED HERMES, INC. 0.07% of their portfolio | 1.5m $30.1m | Reduced -4.8k |
| Man Group plc 0.09% of their portfolio | 1.5m $30.0m | New |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 1.5m $29.4m | Reduced -253.2k |
| BANK OF NOVA SCOTIA TRUST CO 2.94% of their portfolio | 1.4m $28.1m | Added +35.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 1.4m $27.4m | Reduced -316.0k |
| CITIGROUP INC 0.03% of their portfolio | 1.2m $24.0m | Reduced -75.8k |
| CIDEL ASSET MANAGEMENT INC 1.05% of their portfolio | 1.2m $23.1m | Reduced -341.2k |
| Scheer, Rowlett & Associates Investment Management Ltd. 1.80% of their portfolio | 1.2m $22.5m | Added +30.6k |
| MARSHALL WACE, LLP 0.05% of their portfolio | 1.2m $22.4m | Added +1.1m |
| Schonfeld Strategic Advisors LLC 0.19% of their portfolio | 1.1m $22.1m | Added +377.4k |
| JARISLOWSKY, FRASER Ltd 0.13% of their portfolio | 1.1m $21.4m | Added +92.8k |
| AVIVA PLC 0.08% of their portfolio | 1.0m $20.4m | Reduced -899.7k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 965.4k $18.9m | Added +73.0k |
| Rockefeller Capital Management L.P. 0.07% of their portfolio | 864.6k $16.8m | First filing |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 863.4k $16.8m | Added +8.6k |
| GUARDIAN CAPITAL ADVISORS LP 1.83% of their portfolio | 860.9k $16.1m | Added +41.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 842.8k $16.4m | Reduced -655.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.07% of their portfolio | 837.8k $21.6m | Added +21.4k |
| Qube Research & Technologies Ltd 0.06% of their portfolio | 808.8k $15.7m | Added +174.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 792.1k $15.4m | Unchanged |
| NICOLA WEALTH MANAGEMENT LTD. 1.49% of their portfolio | 778.7k $15.2m | Added +75.7k |
| Heathbridge Capital Management Ltd. 6.24% of their portfolio | 736.0k $14.3m | Reduced -208.1k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 696.5k $13.6m | Added +51.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 685.4k $13.3m | Added +33.4k |
| Credential Qtrade Securities Inc. 0.80% of their portfolio | 657.1k $12.8m | Reduced -10.6k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.12% of their portfolio | 649.8k $12.6m | Added +30.0k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 638.5k $12.4m | Added +2.3k |
| Northwest & Ethical Investments L.P. 0.39% of their portfolio | 632.4k $12.3m | Added +15.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 586.8k $11.4m | Added +39.6k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 585.0k $11.4m | Added +49.7k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 568.6k $11.1m | Added +26.6k |
| Baskin Financial Services Inc. 1.04% of their portfolio | 555.7k $10.8m | Reduced -12.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 547.8k $10.7m | Reduced -43.0k |
| Walter Public Investments Inc. 2.33% of their portfolio | 537.6k $10.5m | New |
| REAVES W H & CO INC 0.38% of their portfolio | 529.9k $10.3m | Reduced -33.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 522.7k $11.6m | Reduced -103.3k |
| Onex Canada Asset Management Inc. 0.61% of their portfolio | 519.2k $10.1m | Reduced -154.3k |
| GABELLI FUNDS LLC 0.07% of their portfolio | 479.0k $9.3m | Unchanged |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 472.6k $9.2m | Reduced -141.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 452.9k $8.8m | Added +4.9k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.04% of their portfolio | 440.1k $8.6m | Reduced -259.8k |
| FMR LLC 0.00% of their portfolio | 424.7k $8.3m | Reduced -500.8k |
| Rempart Asset Management Inc. 1.53% of their portfolio | 375.9k $7.3m | Added +86.4k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 358.5k $7.0m | New |
| USS Investment Management Ltd 0.08% of their portfolio | 358.4k $7.0m | Added +2.7k |
| Clean Yield Group 2.72% of their portfolio | 339.4k $6.6m | Reduced -4.5k |
| Harvest Portfolios Group Inc. 0.30% of their portfolio | 333.8k $6.5m | Added +24.7k |
| Summit Financial Wealth Advisors, LLC 1.48% of their portfolio | 329.5k $6.4m | Reduced -9.7k |
| Addenda Capital Inc. 0.35% of their portfolio | 315.6k $8.2m | Added +63.9k |
| FORSTA AP-FONDEN 0.06% of their portfolio | 304.1k $5.9m | Added +58.6k |
| Fidelity National Financial, Inc. 0.17% of their portfolio | 280.0k $5.5m | Unchanged |