Vault-13

TELUS CORPORATION TU

COM · Common Stock · CUSIP 87971M103 · ISIN CA87971M1032

Canadian telecommunications company

308 institutional holders +4 vs Q2 2023
720,708,659720.7m shares reported held*
49.1% of all shares outstanding*
$11.8bnreported value*
26 new 115 added 123 reduced 22 sold out net sold ≈ $74.4m (-3.2m shares)

* 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 ($442.4m this quarter). Holder counts are more reliable. Shares outstanding: 1.5bn as of 2023-12-31, 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 ≈ $16.47. Options: 16 managers hold calls ($71.8m notional), 13 hold puts ($18.3m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 314Q4 22: 322Q1 23: 310Q2 23: 304Q3 23: 308308Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022314
Q4 2022322
Q1 2023310
Q2 2023304
Q3 2023308

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 157 bought or addedQ4 22: 145 cut or sold outQ4 22Q1 23: 152 bought or addedQ1 23: 149 cut or sold outQ1 23Q2 23: 144 bought or addedQ2 23: 141 cut or sold outQ2 23Q3 23: 141 bought or addedQ3 23: 145 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022157145
Q1 2023152149
Q2 2023144141
Q3 2023141145

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60m$80mQ4 22 calls: $43.8mQ4 22 puts: $10.0mQ4 22P/C 0.23Q1 23 calls: $46.5mQ1 23 puts: $26.8mQ1 23P/C 0.58Q2 23 calls: $60.1mQ2 23 puts: $21.0mQ2 23P/C 0.35Q3 23 calls: $71.8mQ3 23 puts: $18.3mQ3 23P/C 0.26
Numbers
QuarterCallsPutsP/C
Q4 2022$43.8m$10.0m0.23
Q1 2023$46.5m$26.8m0.58
Q2 2023$60.1m$21.0m0.35
Q3 2023$71.8m$18.3m0.26

Biggest buyers

Capital Research Global Investors New +7,035,100+7.0m
1832 Asset Management L.P. Added +3,423,172+3.4m
TORONTO DOMINION BANK Added +2,252,644+2.3m
ROYAL BANK OF CANADA Added +1,870,224+1.9m
Quadrature Capital Ltd New +1,728,900+1.7m
SCOTIA CAPITAL INC. Added +1,542,942+1.5m
Invesco Ltd. Added +1,409,188+1.4m
JANUS HENDERSON GROUP PLC Added +1,165,932+1.2m
NATIONAL BANK OF CANADA /FI/ Added +1,037,847+1.0m
CREDIT SUISSE AG/ Added +873,931+873.9k

Biggest sellers

MACKENZIE FINANCIAL CORP Reduced -5,250,866-5.3m
Connor, Clark & Lunn Investment Management Ltd. Reduced -3,824,087-3.8m
BANK OF MONTREAL /CAN/ Reduced -3,389,494-3.4m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -3,296,348-3.3m
GUARDIAN CAPITAL LP Reduced -1,794,948-1.8m
Man Group plc Sold out -1,543,581-1.5m
MORGAN STANLEY Reduced -1,537,713-1.5m
NEUBERGER BERMAN GROUP LLC Reduced -1,515,316-1.5m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Reduced -1,494,913-1.5m
Caisse de depot et placement du Quebec Reduced -1,493,568-1.5m

Biggest calls

ROYAL BANK OF CANADA Added $32.0m2.0m shares
HSBC HOLDINGS PLC Added $13.7m830.0k shares
BANK OF AMERICA CORP /DE/ Added $9.8m600.0k shares
SIG North Trading, ULC Added $4.4m266.8k shares
CITADEL ADVISORS LLC Added $2.7m165.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.2m131.8k shares
JANE STREET GROUP, LLC Unchanged $2.1m130.0k shares
CIBC WORLD MARKET INC. Unchanged $1.6m100.0k shares
BANK OF MONTREAL /CAN/ Added $1.5m87.1k shares
PEAK6 Investments LLC New $818.6k50.1k shares

Biggest puts

ROYAL BANK OF CANADA Added $8.7m530.0k shares
SIG North Trading, ULC Added $4.6m283.0k shares
JANE STREET GROUP, LLC Unchanged $2.1m130.0k shares
BANK OF AMERICA CORP /DE/ Unchanged $1.6m100.0k shares
Walleye Trading LLC Reduced $351.3k21.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $269.6k16.5k shares
WOLVERINE TRADING, LLC New $204.2k12.5k shares
CITADEL ADVISORS LLC Reduced $166.7k10.2k shares
SIMPLEX TRADING, LLC Reduced $137.0k8.4k shares
Walleye Capital LLC New $132.4k8.1k 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 Q3 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 Q3 2023.

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.79% of their portfolio TORONTO, A6 164,380,890164.4m $2.7bn $2.7bn 0.79% Added +1.9m +1,870,224
2 BANK OF MONTREAL /CAN/ 0.40% of their portfolio TORONTO, A6 64,148,75764.1m $1.1bn $1.1bn 0.40% Reduced -3.4m -3,389,494
3 MACKENZIE FINANCIAL CORP 1.57% of their portfolio TORONTO ONTARIO, A6 59,661,88559.7m $935.5m $935.5m 1.57% Reduced -5.3m -5,250,866
4 TD Asset Management Inc 0.68% of their portfolio Toronto, A6 34,334,70034.3m $563.3m $563.3m 0.68% Reduced -226.4k -226,417
5 1832 Asset Management L.P. 1.16% of their portfolio TORONTO, A6 34,287,59634.3m $560.3m $560.3m 1.16% Added +3.4m +3,423,172
6 TORONTO DOMINION BANK 0.43% of their portfolio TORONTO, ONTARIO, A6 31,942,39231.9m $521.9m $521.9m 0.43% Added +2.3m +2,252,644
7 CIBC WORLD MARKET INC. 1.50% of their portfolio TORONTO, A6 25,561,51325.6m $417.6m $417.6m 1.50% Added +828.4k +828,381
8 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.24% of their portfolio Toronto, A6 24,844,89024.8m $408.6m $408.6m 0.24% Reduced -3.3m -3,296,348
9 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 21,789,02721.8m $356.0m $356.0m 0.01% Added +387.6k +387,561
10 BANK OF NOVA SCOTIA 0.93% of their portfolio TORONTO, A6 21,630,69321.6m $353.2m $353.2m 0.93% Added +533.3k +533,306
11 CIBC Asset Management Inc 1.47% of their portfolio TORONTO, Z4 21,540,64921.5m $352.8m $352.8m 1.47% Added +368.6k +368,650
12 NATIONAL BANK OF CANADA /FI/ 0.53% of their portfolio MONTREAL, A8 18,679,81218.7m $291.9m $291.9m 0.53% Added +1.0m +1,037,847
13 SCOTIA CAPITAL INC. 1.97% of their portfolio TORONTO, A6 16,675,01016.7m $272.2m $272.2m 1.97% Added +1.5m +1,542,942
14 Fiera Capital Corp 0.75% of their portfolio MONTREAL, A8 14,354,38214.4m $235.1m $235.1m 0.75% Added +382.8k +382,845
15 Invesco Ltd. 0.05% of their portfolio ATLANTA, GA 11,374,74311.4m $185.9m $185.9m 0.05% Added +1.4m +1,409,188
16 Federation des caisses Desjardins du Quebec 1.52% of their portfolio LEVIS, A8 8,914,5398.9m $147.1m $147.1m 1.52% Added +385.4k +385,376
17 TD Waterhouse Canada Inc. 1.77% of their portfolio TORONTO, A6 7,966,2838.0m $170.0m $170.0m 1.77% Added +61.3k +61,341
18 Beutel, Goodman & Co Ltd. 0.73% of their portfolio TORONTO, A6 7,505,7157.5m $123.1m $123.1m 0.73% Added +62.1k +62,065
19 FRANKLIN RESOURCES INC 0.06% of their portfolio San Mateo, CA 7,150,6397.2m $116.8m $116.8m 0.06% Added +107.9k +107,882
20 Capital Research Global Investors 0.03% of their portfolio Los Angeles, CA 7,035,1007.0m $114.9m $114.9m 0.03% New
21 LETKO, BROSSEAU & ASSOCIATES INC 2.25% of their portfolio MONTREAL, A8 6,991,4427.0m $114.7m $114.7m 2.25% Reduced -8.2k -8,166
22 FIRST TRUST ADVISORS LP 0.13% of their portfolio Wheaton, IL 6,720,6366.7m $109.8m $109.8m 0.13% Added +687.1k +687,093
23 Connor, Clark & Lunn Investment Management Ltd. 0.55% of their portfolio VANCOUVER, A1 6,429,4386.4m $105.0m $105.0m 0.55% Reduced -3.8m -3,824,087
24 OMERS ADMINISTRATION Corp 1.58% of their portfolio TORONTO, A6 6,379,8006.4m $104.7m $104.7m 1.58% Unchanged
25 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 5,982,7876.0m $97.8m $97.8m 0.01% Added +344.9k +344,937
26 AGF MANAGEMENT LTD 0.67% of their portfolio TORONTO, A6 5,783,2845.8m $94.4m $94.4m 0.67% Added +678.2k +678,157
27 NORGES BANK 0.02% of their portfolio OSLO, Q8 4,956,8065.0m $80.9m $80.9m 0.02% Added +48.5k +48,454
28 JANUS HENDERSON GROUP PLC 0.05% of their portfolio LONDON, X0 4,787,7784.8m $78.6m $78.6m 0.05% Added +1.2m +1,165,932
29 INTACT INVESTMENT MANAGEMENT INC. 2.96% of their portfolio MONTREAL, A8 4,194,5424.2m $68.5m $68.5m 2.96% Added +48.0k +48,040
30 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 3,623,4633.6m $59.2m $59.2m 0.01% Added +127.1k +127,104
31 GUARDIAN CAPITAL LP 2.18% of their portfolio TORONTO, A6 3,567,6273.6m $58.5m $58.5m 2.18% Reduced -1.8m -1,794,948
32 Alberta Investment Management Corp 0.56% of their portfolio EDMONTON, A0 3,166,3003.2m $51.9m $51.9m 0.56% Added +46.0k +46,000
33 Caisse de depot et placement du Quebec 0.13% of their portfolio Montreal, A8 2,838,3002.8m $46.6m $46.6m 0.13% Reduced -1.5m -1,493,568
34 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,802,5782.8m $45.8m $45.8m 0.00% Reduced -1.5m -1,537,713
35 FIL Ltd 0.05% of their portfolio HAMILTON, D0 2,401,2732.4m $39.2m $39.2m 0.05% Added +55.5k +55,493
36 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.51% of their portfolio CHICAGO, IL 2,349,5002.3m $38.5m $38.5m 0.51% Unchanged
37 BlackRock Inc. 0.00% of their portfolio New York, NY 2,188,3212.2m $35.8m $35.8m 0.00% Reduced -66.6k -66,561
38 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 2,093,3782.1m $34.2m $34.2m 0.01% Added +287.8k +287,828
39 MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 3.99% of their portfolio MISSISSAUGA, A6 2,018,3382.0m $33.0m $33.0m 3.99% Added +290.3k +290,257
40 APG Asset Management N.V. 0.09% of their portfolio Amsterdam, P7 1,913,1011.9m $42.4m $42.4m 0.09% Reduced -97.9k -97,926
41 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 1,884,7701.9m $30.8m $30.8m 0.01% Reduced -1.1m -1,112,259
42 DekaBank Deutsche Girozentrale 0.07% of their portfolio FRANKFURT, 2M 1,863,7021.9m $30.4m $30.4m 0.07% Reduced -347.6k -347,598
43 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,853,2701.9m $31.3m $31.3m 0.00% Added +39.5k +39,501
44 Amundi 0.02% of their portfolio Paris, I0 1,847,9221.8m $30.9m $30.9m 0.02% Reduced -207.3k -207,280
45 Quadrature Capital Ltd 0.58% of their portfolio LONDON, X0 1,728,9001.7m $28.4m $28.4m 0.58% New
46 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.04% of their portfolio FRANKFURT AM MAIN, 2M 1,716,3771.7m $28.2m $28.2m 0.04% Reduced -1.5m -1,494,913
47 MONTRUSCO BOLTON INVESTMENTS INC. 0.40% of their portfolio MONTREAL, A8 1,683,0661.7m $27.6m $27.6m 0.40% Reduced -535.8k -535,752
48 FEDERATED HERMES, INC. 0.07% of their portfolio PITTSBURGH, PA 1,662,0891.7m $27.2m $27.2m 0.07% Added +113.1k +113,093
49 Nexus Investment Management ULC 3.02% of their portfolio TORONTO, A6 1,636,5431.6m $26.8m $26.8m 3.02% Added +4.9k +4,855
50 BANK OF NOVA SCOTIA TRUST CO 3.17% of their portfolio TORONTO, A6 1,634,8211.6m $26.7m $26.7m 3.17% Added +188.3k +188,319
51 Swiss National Bank 0.02% of their portfolio ZURICH, V8 1,581,3651.6m $26.0m $26.0m 0.02% Reduced -191.9k -191,900
52 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.11% of their portfolio Paris, I0 1,552,2701.6m $34.4m $34.4m 0.11% Added +714.5k +714,474
53 CREDIT SUISSE AG/ 0.02% of their portfolio ZURICH, V8 1,458,8901.5m $23.8m $23.8m 0.02% Added +873.9k +873,931
54 Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio CHIYODA-KU, TOKYO, M0 1,400,5741.4m $22.9m $22.9m 0.02% Reduced -6.3k -6,300
55 Scheer, Rowlett & Associates Investment Management Ltd. 1.90% of their portfolio TORONTO, A6 1,377,9091.4m $22.5m $22.5m 1.90% Added +220.3k +220,316
56 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 1,326,5831.3m $21.8m $21.8m 0.03% Added +95.2k +95,156
57 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 1,219,9941.2m $19.9m $19.9m 0.04% Added +69.8k +69,770
58 CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio TORONTO ONTARIO, A6 1,199,1851.2m $19.7m $19.7m 0.03% Added +407.1k +407,100
59 JARISLOWSKY, FRASER Ltd 0.12% of their portfolio MONTREAL, A8 1,092,2481.1m $17.9m $17.9m 0.12% Reduced -5.4k -5,396
60 NICOLA WEALTH MANAGEMENT LTD. 2.19% of their portfolio VANCOUVER, A1 916,500916.5k $20.3m $20.3m 2.19% Added +137.8k +137,800
61 CANADA LIFE ASSURANCE Co 0.04% of their portfolio WINNIPEG, A2 904,751904.8k $14.8m $14.8m 0.04% Reduced -60.6k -60,637
62 GUARDIAN CAPITAL ADVISORS LP 1.68% of their portfolio TORONTO, A6 887,581887.6k $15.0m $15.0m 1.68% Added +26.7k +26,651
63 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 856,698856.7k $14.0m $14.0m 0.05% Reduced -8.0k -7,952
64 Man Group plc 0.04% of their portfolio LONDON, X0 816,371816.4k $13.3m $13.3m 0.04% New
65 Heathbridge Capital Management Ltd. 5.51% of their portfolio TORONTO, A6 733,695733.7k $12.0m $12.0m 5.51% Reduced -2.4k -2,350
66 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 688,704688.7k $11.3m $11.3m 0.01% Added +101.9k +101,933
67 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 678,252678.3k $11.1m $11.1m 0.01% Reduced -18.2k -18,223
68 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.11% of their portfolio VICTORIA, A1 677,757677.8k $11.1m $11.1m 0.11% Added +27.9k +27,936
69 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 670,519670.5k $11.0m $11.0m 0.01% Reduced -192.9k -192,900
70 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 649,232649.2k $10.7m $10.7m 0.01% Added +10.8k +10,764
71 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 644,963645.0k $10.5m $10.5m 0.00% Reduced -40.4k -40,398
72 AVIVA PLC 0.04% of their portfolio LONDON, X0 638,899638.9k $10.5m $10.5m 0.04% Reduced -406.7k -406,662
73 Northwest & Ethical Investments L.P. 0.35% of their portfolio TORONTO, A6 635,494635.5k $10.4m $10.4m 0.35% Added +3.1k +3,098
74 Credential Qtrade Securities Inc. 0.68% of their portfolio VANCOUVER, A1 630,978631.0k $10.3m $10.3m 0.68% Reduced -26.1k -26,120
75 Schonfeld Strategic Advisors LLC 0.09% of their portfolio NEW YORK, NY 621,996622.0k $10.2m $10.2m 0.09% Reduced -512.5k -512,464
76 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 595,040595.0k $9.7m $9.7m 0.00% Added +47.2k +47,203
77 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.04% of their portfolio TORONTO, A6 537,959538.0k $8.8m $8.8m 0.04% Added +97.8k +97,850
78 Baskin Financial Services Inc. 0.82% of their portfolio TORONTO, A6 495,628495.6k $8.1m $8.1m 0.82% Reduced -60.1k -60,108
79 REAVES W H & CO INC 0.32% of their portfolio JERSEY CITY, NJ 494,326494.3k $8.1m $8.1m 0.32% Reduced -35.6k -35,597
80 FMR LLC 0.00% of their portfolio BOSTON, MA 489,969490.0k $8.0m $8.0m 0.00% Added +65.3k +65,287
81 GABELLI FUNDS LLC 0.06% of their portfolio Rye, NY 479,000479.0k $7.8m $7.8m 0.06% Unchanged
82 Onex Canada Asset Management Inc. 0.57% of their portfolio TORONTO, A6 456,354456.4k $7.5m $7.5m 0.57% Reduced -62.9k -62,888
83 Wealth Advisors of Tampa Bay, LLC 2.04% of their portfolio TAMPA, FL 453,652453.7k $7.4m $7.4m 2.04% Added +237.2k +237,152
84 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 452,178452.2k $8.2m $8.2m 0.00% Reduced -70.5k -70,546
85 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 446,668446.7k $7.3m $7.3m 0.01% Reduced -121.9k -121,905
86 NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio STOCKHOLM, V7 421,726421.7k $7.0m $7.0m 0.01% Reduced -31.2k -31,152
87 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 421,197421.2k $6.9m $6.9m 0.01% Reduced -1.5m -1,515,316
88 Harvest Portfolios Group Inc. 0.30% of their portfolio Oakville, A6 385,565385.6k $6.3m $6.3m 0.30% Added +51.7k +51,738
89 Addenda Capital Inc. 0.37% of their portfolio MONTREAL, A8 382,971383.0k $8.6m $8.6m 0.37% Added +67.3k +67,321
90 Rempart Asset Management Inc. 1.34% of their portfolio MONTREAL, Z4 367,513367.5k $6.0m $6.0m 1.34% Reduced -8.4k -8,385
91 USS Investment Management Ltd 0.06% of their portfolio London, X0 361,411361.4k $5.9m $5.9m 0.06% Added +3.1k +3,051
92 Clean Yield Group 2.56% of their portfolio NORWICH, VT 342,961343.0k $5.8m $5.8m 2.56% Added +3.6k +3,590
93 Cardinal Capital Management, Inc. 0.25% of their portfolio WINNIPEG, A2 287,558287.6k $4.7m $4.7m 0.25% Added +37.0k +37,004
94 Summit Financial Wealth Advisors, LLC 1.22% of their portfolio Lafayette, LA 284,347284.3k $5.0m $5.0m 1.22% Reduced -45.1k -45,141
95 Fidelity National Financial, Inc. 0.13% of their portfolio Jacksonville, FL 280,000280.0k $4.6m $4.6m 0.13% Unchanged
96 FORSTA AP-FONDEN 0.05% of their portfolio STOCKHOLM, V7 279,600279.6k $4.6m $4.6m 0.05% Reduced -24.5k -24,500
97 Walter Public Investments Inc. 1.07% of their portfolio WESTMOUNT, Z4 277,382277.4k $4.5m $4.5m 1.07% Reduced -260.2k -260,213
98 K.J. Harrison & Partners Inc 1.02% of their portfolio TORONTO, A6 275,460275.5k $4.5m $4.5m 1.02% Added +58.0k +58,000
99 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 273,900273.9k $4.5m $4.5m 0.01% Reduced -568.9k -568,900
100 PRUDENTIAL PLC 0.05% of their portfolio LONDON, X0 257,767257.8k $4.2m $4.2m 0.05% Reduced -18.1k -18,077