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 ($492.6m 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 ≈ $16.17. Options: 14 managers hold calls ($113.3m notional), 12 hold puts ($68.3m).
Trends to Q1 2024
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 |
| Q4 2023 | 313 |
| Q1 2024 | 317 |
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 |
| Q4 2023 | 150 | 155 |
| Q1 2024 | 157 | 150 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $60.1m | $21.0m | 0.35 |
| Q3 2023 | $71.8m | $18.3m | 0.26 |
| Q4 2023 | $112.2m | $32.9m | 0.29 |
| Q1 2024 | $113.3m | $68.3m | 0.60 |
Biggest buyers
| MORGAN STANLEY | Added | +5.5m |
| BANK OF MONTREAL /CAN/ | Added | +5.2m |
| CIBC WORLD MARKET INC. | Added | +4.9m |
| FIRST TRUST ADVISORS LP | Added | +4.2m |
| BANK OF AMERICA CORP /DE/ | Added | +2.8m |
| INTACT INVESTMENT MANAGEMENT INC. | Added | +2.6m |
| ROYAL BANK OF CANADA | Added | +2.5m |
| NATIONAL BANK OF CANADA /FI/ | Added | +1.4m |
| AGF MANAGEMENT LTD | Added | +1.4m |
| SCOTIA CAPITAL INC. | Added | +1.3m |
Biggest sellers
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -19.4m |
| MACKENZIE FINANCIAL CORP | Reduced | -6.9m |
| TORONTO DOMINION BANK | Reduced | -4.6m |
| BANK OF NOVA SCOTIA | Reduced | -3.2m |
| Capital Research Global Investors | Reduced | -2.6m |
| Caisse de depot et placement du Quebec | Sold out | -2.1m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -1.2m |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -1.1m |
| Triasima Portfolio Management inc. | Reduced | -765.1k |
| CITIGROUP INC | Reduced | -740.1k |
Biggest calls
| ROYAL BANK OF CANADA | Added | $28.5m1.8m shares |
| SIG North Trading, ULC | First filing | $18.6m1.2m shares |
| HSBC HOLDINGS PLC | Added | $16.5m1.0m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $13.0m600.0k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $12.8m800.0k shares |
| BANK OF MONTREAL /CAN/ | Reduced | $8.0m500.0k shares |
| CITADEL ADVISORS LLC | Added | $5.8m361.8k shares |
| JANE STREET GROUP, LLC | Reduced | $4.0m250.0k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $4.0m250.0k shares |
| UBS Group AG | Unchanged | $1.1m70.0k shares |
Biggest puts
| ROYAL BANK OF CANADA | Added | $24.1m1.5m shares |
| SIG North Trading, ULC | First filing | $23.1m1.4m shares |
| JANE STREET GROUP, LLC | New | $6.6m410.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $6.5m300.0k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $4.0m250.0k shares |
| CITADEL ADVISORS LLC | Added | $1.4m90.1k shares |
| UBS Group AG | Unchanged | $1.1m70.0k shares |
| CIBC WORLD MARKET INC. | Unchanged | $801.0k50.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $385.8k24.1k shares |
| SIMPLEX TRADING, LLC | Added | $222.0k13.9k 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 Q1 2024
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 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.62% of their portfolio | 160.0m $2.6bn | Added +2.5m |
| BANK OF MONTREAL /CAN/ 0.34% of their portfolio | 67.2m $1.1bn | Added +5.2m |
| MACKENZIE FINANCIAL CORP 1.16% of their portfolio | 50.0m $800.1m | Reduced -6.9m |
| TD Asset Management Inc 0.60% of their portfolio | 40.5m $648.6m | Reduced -166.3k |
| 1832 Asset Management L.P. 1.05% of their portfolio | 35.8m $573.6m | Added +213.4k |
| CIBC WORLD MARKET INC. 1.28% of their portfolio | 31.2m $500.1m | Added +4.9m |
| VANGUARD GROUP INC 0.01% of their portfolio | 23.4m $375.2m | Added +602.4k |
| CIBC Asset Management Inc 1.22% of their portfolio | 22.0m $352.3m | Added +143.6k |
| NATIONAL BANK OF CANADA /FI/ 0.60% of their portfolio | 21.5m $345.3m | Added +1.4m |
| BANK OF NOVA SCOTIA 0.64% of their portfolio | 19.7m $315.3m | Reduced -3.2m |
| Capital Research Global Investors 0.07% of their portfolio | 19.7m $314.5m | Reduced -2.6m |
| SCOTIA CAPITAL INC. 1.81% of their portfolio | 19.0m $303.9m | Added +1.3m |
| Fiera Capital Corp 0.71% of their portfolio | 15.2m $242.8m | Added +13.7k |
| TORONTO DOMINION BANK 0.30% of their portfolio | 11.8m $189.5m | Reduced -4.6m |
| MORGAN STANLEY 0.00% of their portfolio | 11.6m $185.2m | Added +5.5m |
| Invesco Ltd. 0.04% of their portfolio | 10.4m $166.3m | Reduced -86.7k |
| Federation des caisses Desjardins du Quebec 1.58% of their portfolio | 10.1m $219.2m | Added +507.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.14% of their portfolio | 9.3m $149.4m | Reduced -19.4m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 9.2m $146.6m | Added +1.1m |
| TD Waterhouse Canada Inc. 1.40% of their portfolio | 8.6m $186.4m | Added +344.5k |
| OMERS ADMINISTRATION Corp 1.55% of their portfolio | 8.5m $135.7m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 8.3m $133.1m | Added +2.8m |
| LETKO, BROSSEAU & ASSOCIATES INC 1.94% of their portfolio | 7.0m $111.5m | Added +61.8k |
| FIRST TRUST ADVISORS LP 0.11% of their portfolio | 6.8m $109.6m | Added +4.2m |
| AGF MANAGEMENT LTD 0.57% of their portfolio | 6.4m $102.2m | Added +1.4m |
| Clearbridge Investments, LLC 0.08% of their portfolio | 6.1m $97.6m | Reduced -62.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.41% of their portfolio | 5.9m $94.6m | Reduced -1.1m |
| GUARDIAN CAPITAL LP 3.06% of their portfolio | 5.5m $87.9m | Added +1.2m |
| INTACT INVESTMENT MANAGEMENT INC. 3.33% of their portfolio | 5.3m $84.5m | Added +2.6m |
| NORGES BANK 0.01% of their portfolio | 4.7m $76.0m | Added +97.4k |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 4.6m $73.3m | Reduced -11.5k |
| FIL Ltd 0.06% of their portfolio | 3.9m $62.4m | Added +84.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 3.2m $51.1m | Reduced -603.4k |
| Alberta Investment Management Corp 0.51% of their portfolio | 3.2m $50.7m | Unchanged |
| FEDERATED HERMES, INC. 0.09% of their portfolio | 2.4m $38.0m | Added +100.8k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.45% of their portfolio | 2.3m $37.6m | Unchanged |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.39% of their portfolio | 2.3m $36.4m | Added +26.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.1m $34.4m | Added +141.9k |
| BlackRock Inc. 0.00% of their portfolio | 2.1m $33.2m | Reduced -24.4k |
| APG Asset Management N.V. 0.05% of their portfolio | 2.1m $30.7m | Added +78.9k |
| BANK OF NOVA SCOTIA TRUST CO 3.26% of their portfolio | 1.9m $30.3m | Added +48.2k |
| Nexus Investment Management ULC 2.84% of their portfolio | 1.8m $29.5m | Added +160.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.8m $28.5m | Added +13.7k |
| Amundi 0.01% of their portfolio | 1.7m $26.6m | Added +49.8k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 3.11% of their portfolio | 1.6m $26.2m | Reduced -13.7k |
| Scheer, Rowlett & Associates Investment Management Ltd. 1.88% of their portfolio | 1.6m $25.5m | Reduced -2.2k |
| Swiss National Bank 0.02% of their portfolio | 1.5m $23.3m | Reduced -101.9k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 1.4m $22.6m | Reduced -9.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 1.4m $21.8m | Reduced -34.2k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 1.3m $20.7m | Added +876.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 1.3m $20.1m | Added +126.5k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 970.0k $15.5m | Added +36.1k |
| JARISLOWSKY, FRASER Ltd 0.09% of their portfolio | 956.5k $15.3m | Reduced -118.5k |
| AEGON ASSET MANAGEMENT UK Plc 0.23% of their portfolio | 951.3k $15.2m | Reduced -170.9k |
| Heathbridge Capital Management Ltd. 5.51% of their portfolio | 891.1k $14.3m | Added +183.5k |
| GUARDIAN CAPITAL ADVISORS LP 1.48% of their portfolio | 858.9k $13.7m | Reduced -55.0k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 815.2k $13.1m | Reduced -62.8k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 798.9k $12.8m | Reduced -510.3k |
| NICOLA WEALTH MANAGEMENT LTD. 1.64% of their portfolio | 781.8k $16.9m | Unchanged |
| SIG North Trading, ULC 4.38% of their portfolio | 748.9k $12.0m | First filing |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 724.3k $11.6m | Added +50.4k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 705.6k $11.3m | Added +27.5k |
| Rockefeller Capital Management L.P. 0.03% of their portfolio | 673.2k $10.8m | Reduced -86.4k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 611.0k $9.8m | Added +99.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 605.9k $9.7m | Reduced -46.4k |
| UBS Group AG 0.00% of their portfolio | 593.1k $9.5m | Added +513.6k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio | 547.1k $8.8m | Reduced -1.2m |
| Bank of New York Mellon Corp 0.00% of their portfolio | 521.0k $8.3m | Reduced -140.8k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 515.4k $8.3m | Reduced -29.1k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 479.8k $7.7m | Added +188.9k |
| GABELLI FUNDS LLC 0.05% of their portfolio | 452.0k $7.2m | Reduced -25.0k |
| FMR LLC 0.00% of their portfolio | 440.2k $7.0m | Reduced -12.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 439.2k $7.1m | Added +7.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 423.4k $6.8m | Reduced -195.6k |
| Summerhill Capital Management lnc. 4.22% of their portfolio | 414.7k $6.6m | First filing |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio | 413.5k $9.0m | Reduced -52.1k |
| Harvest Portfolios Group Inc. 0.26% of their portfolio | 412.4k $6.6m | Added +75.7k |
| Northwest & Ethical Investments L.P. 0.19% of their portfolio | 408.0k $6.5m | Reduced -59.1k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 402.5k $6.3m | Reduced -481.9k |
| Addenda Capital Inc. 0.33% of their portfolio | 389.3k $8.6m | Added +3.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 356.7k $5.7m | Added +159.1k |
| CITIGROUP INC 0.01% of their portfolio | 346.4k $5.5m | Reduced -740.1k |
| Cardinal Capital Management, Inc. 0.24% of their portfolio | 333.6k $5.3m | Added +545 |
| Credential Qtrade Securities Inc. 0.29% of their portfolio | 333.2k $5.3m | Reduced -259.1k |
| Clean Yield Group 2.06% of their portfolio | 331.4k $5.3m | Reduced -5.0k |
| K.J. Harrison & Partners Inc 0.82% of their portfolio | 331.3k $5.3m | Reduced -39.6k |
| USS Investment Management Ltd 0.04% of their portfolio | 304.7k $4.9m | Added +11.9k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio | 303.3k $4.9m | Reduced -235.3k |
| Onex Canada Asset Management Inc. 0.48% of their portfolio | 300.7k $4.8m | Reduced -20.8k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 284.0k $4.5m | Reduced -94.4k |
| PRUDENTIAL PLC 0.04% of their portfolio | 281.5k $4.5m | Reduced -27.3k |
| FORSTA AP-FONDEN 0.04% of their portfolio | 278.6k $4.5m | Added +7.3k |
| Baskin Financial Services Inc. 0.37% of their portfolio | 277.8k $4.4m | Reduced -12.0k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 276.7k $4.4m | New |
| Lorne Steinberg Wealth Management Inc. 1.27% of their portfolio | 253.8k $4.1m | New |
| Wealth Advisors of Tampa Bay, LLC 1.91% of their portfolio | 251.6k $4.0m | Added +32.4k |
| LPL Financial LLC 0.00% of their portfolio | 228.1k $3.7m | Added +43.0k |
| JCIC Asset Management Inc. 1.48% of their portfolio | 223.6k $3.6m | Added +345 |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 216.4k $3.5m | Added +10.2k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 201.8k $3.2m | Reduced -88.3k |