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 ($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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 314 |
| Q4 2022 | 322 |
| Q1 2023 | 310 |
| Q2 2023 | 304 |
| Q3 2023 | 308 |
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 |
| Q3 2023 | 141 | 145 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $43.8m | $10.0m | 0.23 |
| Q1 2023 | $46.5m | $26.8m | 0.58 |
| Q2 2023 | $60.1m | $21.0m | 0.35 |
| Q3 2023 | $71.8m | $18.3m | 0.26 |
Biggest buyers
| Capital Research Global Investors | New | +7.0m |
| 1832 Asset Management L.P. | Added | +3.4m |
| TORONTO DOMINION BANK | Added | +2.3m |
| ROYAL BANK OF CANADA | Added | +1.9m |
| Quadrature Capital Ltd | New | +1.7m |
| SCOTIA CAPITAL INC. | Added | +1.5m |
| Invesco Ltd. | Added | +1.4m |
| JANUS HENDERSON GROUP PLC | Added | +1.2m |
| NATIONAL BANK OF CANADA /FI/ | Added | +1.0m |
| CREDIT SUISSE AG/ | Added | +873.9k |
Biggest sellers
| MACKENZIE FINANCIAL CORP | Reduced | -5.3m |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -3.8m |
| BANK OF MONTREAL /CAN/ | Reduced | -3.4m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -3.3m |
| GUARDIAN CAPITAL LP | Reduced | -1.8m |
| Man Group plc | Sold out | -1.5m |
| MORGAN STANLEY | Reduced | -1.5m |
| NEUBERGER BERMAN GROUP LLC | Reduced | -1.5m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -1.5m |
| Caisse de depot et placement du Quebec | Reduced | -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
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.79% of their portfolio | 164.4m $2.7bn | Added +1.9m |
| BANK OF MONTREAL /CAN/ 0.40% of their portfolio | 64.1m $1.1bn | Reduced -3.4m |
| MACKENZIE FINANCIAL CORP 1.57% of their portfolio | 59.7m $935.5m | Reduced -5.3m |
| TD Asset Management Inc 0.68% of their portfolio | 34.3m $563.3m | Reduced -226.4k |
| 1832 Asset Management L.P. 1.16% of their portfolio | 34.3m $560.3m | Added +3.4m |
| TORONTO DOMINION BANK 0.43% of their portfolio | 31.9m $521.9m | Added +2.3m |
| CIBC WORLD MARKET INC. 1.50% of their portfolio | 25.6m $417.6m | Added +828.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.24% of their portfolio | 24.8m $408.6m | Reduced -3.3m |
| VANGUARD GROUP INC 0.01% of their portfolio | 21.8m $356.0m | Added +387.6k |
| BANK OF NOVA SCOTIA 0.93% of their portfolio | 21.6m $353.2m | Added +533.3k |
| CIBC Asset Management Inc 1.47% of their portfolio | 21.5m $352.8m | Added +368.6k |
| NATIONAL BANK OF CANADA /FI/ 0.53% of their portfolio | 18.7m $291.9m | Added +1.0m |
| SCOTIA CAPITAL INC. 1.97% of their portfolio | 16.7m $272.2m | Added +1.5m |
| Fiera Capital Corp 0.75% of their portfolio | 14.4m $235.1m | Added +382.8k |
| Invesco Ltd. 0.05% of their portfolio | 11.4m $185.9m | Added +1.4m |
| Federation des caisses Desjardins du Quebec 1.52% of their portfolio | 8.9m $147.1m | Added +385.4k |
| TD Waterhouse Canada Inc. 1.77% of their portfolio | 8.0m $170.0m | Added +61.3k |
| Beutel, Goodman & Co Ltd. 0.73% of their portfolio | 7.5m $123.1m | Added +62.1k |
| FRANKLIN RESOURCES INC 0.06% of their portfolio | 7.2m $116.8m | Added +107.9k |
| Capital Research Global Investors 0.03% of their portfolio | 7.0m $114.9m | New |
| LETKO, BROSSEAU & ASSOCIATES INC 2.25% of their portfolio | 7.0m $114.7m | Reduced -8.2k |
| FIRST TRUST ADVISORS LP 0.13% of their portfolio | 6.7m $109.8m | Added +687.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.55% of their portfolio | 6.4m $105.0m | Reduced -3.8m |
| OMERS ADMINISTRATION Corp 1.58% of their portfolio | 6.4m $104.7m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 6.0m $97.8m | Added +344.9k |
| AGF MANAGEMENT LTD 0.67% of their portfolio | 5.8m $94.4m | Added +678.2k |
| NORGES BANK 0.02% of their portfolio | 5.0m $80.9m | Added +48.5k |
| JANUS HENDERSON GROUP PLC 0.05% of their portfolio | 4.8m $78.6m | Added +1.2m |
| INTACT INVESTMENT MANAGEMENT INC. 2.96% of their portfolio | 4.2m $68.5m | Added +48.0k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 3.6m $59.2m | Added +127.1k |
| GUARDIAN CAPITAL LP 2.18% of their portfolio | 3.6m $58.5m | Reduced -1.8m |
| Alberta Investment Management Corp 0.56% of their portfolio | 3.2m $51.9m | Added +46.0k |
| Caisse de depot et placement du Quebec 0.13% of their portfolio | 2.8m $46.6m | Reduced -1.5m |
| MORGAN STANLEY 0.00% of their portfolio | 2.8m $45.8m | Reduced -1.5m |
| FIL Ltd 0.05% of their portfolio | 2.4m $39.2m | Added +55.5k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.51% of their portfolio | 2.3m $38.5m | Unchanged |
| BlackRock Inc. 0.00% of their portfolio | 2.2m $35.8m | Reduced -66.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.1m $34.2m | Added +287.8k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 3.99% of their portfolio | 2.0m $33.0m | Added +290.3k |
| APG Asset Management N.V. 0.09% of their portfolio | 1.9m $42.4m | Reduced -97.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.9m $30.8m | Reduced -1.1m |
| DekaBank Deutsche Girozentrale 0.07% of their portfolio | 1.9m $30.4m | Reduced -347.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.9m $31.3m | Added +39.5k |
| Amundi 0.02% of their portfolio | 1.8m $30.9m | Reduced -207.3k |
| Quadrature Capital Ltd 0.58% of their portfolio | 1.7m $28.4m | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.04% of their portfolio | 1.7m $28.2m | Reduced -1.5m |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.40% of their portfolio | 1.7m $27.6m | Reduced -535.8k |
| FEDERATED HERMES, INC. 0.07% of their portfolio | 1.7m $27.2m | Added +113.1k |
| Nexus Investment Management ULC 3.02% of their portfolio | 1.6m $26.8m | Added +4.9k |
| BANK OF NOVA SCOTIA TRUST CO 3.17% of their portfolio | 1.6m $26.7m | Added +188.3k |
| Swiss National Bank 0.02% of their portfolio | 1.6m $26.0m | Reduced -191.9k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.11% of their portfolio | 1.6m $34.4m | Added +714.5k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 1.5m $23.8m | Added +873.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 1.4m $22.9m | Reduced -6.3k |
| Scheer, Rowlett & Associates Investment Management Ltd. 1.90% of their portfolio | 1.4m $22.5m | Added +220.3k |
| CITIGROUP INC 0.03% of their portfolio | 1.3m $21.8m | Added +95.2k |
| MARSHALL WACE, LLP 0.04% of their portfolio | 1.2m $19.9m | Added +69.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 1.2m $19.7m | Added +407.1k |
| JARISLOWSKY, FRASER Ltd 0.12% of their portfolio | 1.1m $17.9m | Reduced -5.4k |
| NICOLA WEALTH MANAGEMENT LTD. 2.19% of their portfolio | 916.5k $20.3m | Added +137.8k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 904.8k $14.8m | Reduced -60.6k |
| GUARDIAN CAPITAL ADVISORS LP 1.68% of their portfolio | 887.6k $15.0m | Added +26.7k |
| Rockefeller Capital Management L.P. 0.05% of their portfolio | 856.7k $14.0m | Reduced -8.0k |
| Man Group plc 0.04% of their portfolio | 816.4k $13.3m | New |
| Heathbridge Capital Management Ltd. 5.51% of their portfolio | 733.7k $12.0m | Reduced -2.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 688.7k $11.3m | Added +101.9k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 678.3k $11.1m | Reduced -18.2k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.11% of their portfolio | 677.8k $11.1m | Added +27.9k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 670.5k $11.0m | Reduced -192.9k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 649.2k $10.7m | Added +10.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 645.0k $10.5m | Reduced -40.4k |
| AVIVA PLC 0.04% of their portfolio | 638.9k $10.5m | Reduced -406.7k |
| Northwest & Ethical Investments L.P. 0.35% of their portfolio | 635.5k $10.4m | Added +3.1k |
| Credential Qtrade Securities Inc. 0.68% of their portfolio | 631.0k $10.3m | Reduced -26.1k |
| Schonfeld Strategic Advisors LLC 0.09% of their portfolio | 622.0k $10.2m | Reduced -512.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 595.0k $9.7m | Added +47.2k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.04% of their portfolio | 538.0k $8.8m | Added +97.8k |
| Baskin Financial Services Inc. 0.82% of their portfolio | 495.6k $8.1m | Reduced -60.1k |
| REAVES W H & CO INC 0.32% of their portfolio | 494.3k $8.1m | Reduced -35.6k |
| FMR LLC 0.00% of their portfolio | 490.0k $8.0m | Added +65.3k |
| GABELLI FUNDS LLC 0.06% of their portfolio | 479.0k $7.8m | Unchanged |
| Onex Canada Asset Management Inc. 0.57% of their portfolio | 456.4k $7.5m | Reduced -62.9k |
| Wealth Advisors of Tampa Bay, LLC 2.04% of their portfolio | 453.7k $7.4m | Added +237.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 452.2k $8.2m | Reduced -70.5k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 446.7k $7.3m | Reduced -121.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 421.7k $7.0m | Reduced -31.2k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 421.2k $6.9m | Reduced -1.5m |
| Harvest Portfolios Group Inc. 0.30% of their portfolio | 385.6k $6.3m | Added +51.7k |
| Addenda Capital Inc. 0.37% of their portfolio | 383.0k $8.6m | Added +67.3k |
| Rempart Asset Management Inc. 1.34% of their portfolio | 367.5k $6.0m | Reduced -8.4k |
| USS Investment Management Ltd 0.06% of their portfolio | 361.4k $5.9m | Added +3.1k |
| Clean Yield Group 2.56% of their portfolio | 343.0k $5.8m | Added +3.6k |
| Cardinal Capital Management, Inc. 0.25% of their portfolio | 287.6k $4.7m | Added +37.0k |
| Summit Financial Wealth Advisors, LLC 1.22% of their portfolio | 284.3k $5.0m | Reduced -45.1k |
| Fidelity National Financial, Inc. 0.13% of their portfolio | 280.0k $4.6m | Unchanged |
| FORSTA AP-FONDEN 0.05% of their portfolio | 279.6k $4.6m | Reduced -24.5k |
| Walter Public Investments Inc. 1.07% of their portfolio | 277.4k $4.5m | Reduced -260.2k |
| K.J. Harrison & Partners Inc 1.02% of their portfolio | 275.5k $4.5m | Added +58.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 273.9k $4.5m | Reduced -568.9k |
| PRUDENTIAL PLC 0.05% of their portfolio | 257.8k $4.2m | Reduced -18.1k |