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 ($461.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $15.22. Options: 16 managers hold calls ($188.9m notional), 13 hold puts ($218.0m).
Trends to Q2 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 |
| Q2 2024 | 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 |
| Q3 2023 | 141 | 145 |
| Q4 2023 | 150 | 155 |
| Q1 2024 | 157 | 150 |
| Q2 2024 | 145 | 162 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $71.8m | $18.3m | 0.26 |
| Q4 2023 | $112.2m | $32.9m | 0.29 |
| Q1 2024 | $113.3m | $68.3m | 0.60 |
| Q2 2024 | $188.9m | $218.0m | 1.15 |
Biggest buyers
| Federation des caisses Desjardins du Quebec | Added | +10.2m |
| CIBC WORLD MARKET INC. | Added | +9.4m |
| FIL Ltd | Added | +3.3m |
| 1832 Asset Management L.P. | Added | +2.4m |
| BANK OF NOVA SCOTIA | Added | +2.3m |
| JANUS HENDERSON GROUP PLC | Added | +2.1m |
| Fiera Capital Corp | Added | +1.5m |
| Scheer, Rowlett & Associates Investment Management Ltd. | Added | +1.4m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | New | +1.3m |
| TD Asset Management Inc | Added | +1.2m |
Biggest sellers
| MACKENZIE FINANCIAL CORP | Reduced | -8.0m |
| ROYAL BANK OF CANADA | Reduced | -4.8m |
| MORGAN STANLEY | Reduced | -3.9m |
| OMERS ADMINISTRATION Corp | Reduced | -2.2m |
| Sumitomo Mitsui Trust Group, Inc. | Sold out | -1.4m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.4m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -947.3k |
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -762.0k |
| GUARDIAN CAPITAL LP | Reduced | -677.3k |
| Amundi | Reduced | -587.0k |
Biggest calls
| ROYAL BANK OF CANADA | Added | $43.1m2.8m shares |
| CIBC WORLD MARKET INC. | Added | $35.6m2.4m shares |
| SIG North Trading, ULC | Added | $32.6m2.2m shares |
| HSBC HOLDINGS PLC | Unchanged | $15.6m1.0m shares |
| BANK OF AMERICA CORP /DE/ | Added | $14.1m930.0k shares |
| D. E. Shaw & Co., Inc. | Added | $11.7m775.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $10.4m500.0k shares |
| BANK OF MONTREAL /CAN/ | Added | $9.5m600.0k shares |
| UBS Group AG | Added | $3.8m250.0k shares |
| SIMPLEX TRADING, LLC | Added | $3.6m239.1k shares |
Biggest puts
| SIG North Trading, ULC | Added | $72.6m4.8m shares |
| ROYAL BANK OF CANADA | Added | $54.5m3.6m shares |
| CIBC WORLD MARKET INC. | Added | $31.8m2.1m shares |
| JANE STREET GROUP, LLC | Added | $16.4m1.1m shares |
| DeepCurrents Investment Group LLC | New | $14.9m9.8k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $14.5m700.0k shares |
| D. E. Shaw & Co., Inc. | Added | $11.7m775.0k shares |
| SIMPLEX TRADING, LLC | Added | $508.0k33.6k shares |
| CITADEL ADVISORS LLC | Reduced | $430.0k28.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $398.2k26.3k 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 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 Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.57% of their portfolio | 155.3m $2.4bn | Reduced -4.8m |
| BANK OF MONTREAL /CAN/ 0.33% of their portfolio | 68.0m $1.1bn | Added +781.4k |
| MACKENZIE FINANCIAL CORP 0.94% of their portfolio | 42.0m $635.5m | Reduced -8.0m |
| TD Asset Management Inc 0.59% of their portfolio | 41.7m $631.3m | Added +1.2m |
| CIBC WORLD MARKET INC. 1.53% of their portfolio | 40.6m $614.7m | Added +9.4m |
| 1832 Asset Management L.P. 1.05% of their portfolio | 38.2m $578.3m | Added +2.4m |
| VANGUARD GROUP INC 0.01% of their portfolio | 24.2m $365.7m | Added +720.5k |
| CIBC Asset Management Inc 1.21% of their portfolio | 22.4m $339.0m | Added +387.7k |
| BANK OF NOVA SCOTIA 0.65% of their portfolio | 22.0m $332.8m | Added +2.3m |
| NATIONAL BANK OF CANADA /FI/ 0.49% of their portfolio | 21.1m $317.1m | Reduced -395.2k |
| Federation des caisses Desjardins du Quebec 1.65% of their portfolio | 20.3m $308.4m | Added +10.2m |
| Capital Research Global Investors 0.06% of their portfolio | 19.5m $295.4m | Reduced -148.9k |
| SCOTIA CAPITAL INC. 1.69% of their portfolio | 19.1m $289.0m | Added +93.7k |
| Fiera Capital Corp 0.78% of their portfolio | 16.7m $252.5m | Added +1.5m |
| TORONTO DOMINION BANK 0.30% of their portfolio | 12.5m $188.8m | Added +636.8k |
| Invesco Ltd. 0.03% of their portfolio | 10.3m $156.3m | Reduced -65.8k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 9.5m $143.4m | Added +313.7k |
| TD Waterhouse Canada Inc. 1.26% of their portfolio | 9.2m $140.1m | Added +585.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.13% of their portfolio | 9.1m $137.2m | Reduced -253.2k |
| MORGAN STANLEY 0.01% of their portfolio | 7.7m $116.0m | Reduced -3.9m |
| FIL Ltd 0.11% of their portfolio | 7.2m $108.3m | Added +3.3m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 7.0m $105.4m | Reduced -1.4m |
| LETKO, BROSSEAU & ASSOCIATES INC 1.96% of their portfolio | 6.8m $103.3m | Reduced -141.8k |
| JANUS HENDERSON GROUP PLC 0.05% of their portfolio | 6.7m $100.8m | Added +2.1m |
| FIRST TRUST ADVISORS LP 0.10% of their portfolio | 6.4m $97.0m | Reduced -436.0k |
| AGF MANAGEMENT LTD 0.54% of their portfolio | 6.4m $96.9m | Reduced -11.6k |
| OMERS ADMINISTRATION Corp 0.91% of their portfolio | 6.2m $94.4m | Reduced -2.2m |
| Connor, Clark & Lunn Investment Management Ltd. 0.38% of their portfolio | 6.0m $90.9m | Added +93.6k |
| Clearbridge Investments, LLC 0.07% of their portfolio | 5.9m $90.0m | Reduced -138.7k |
| INTACT INVESTMENT MANAGEMENT INC. 2.83% of their portfolio | 5.0m $75.6m | Reduced -284.5k |
| GUARDIAN CAPITAL LP 2.75% of their portfolio | 4.8m $72.8m | Reduced -677.3k |
| NORGES BANK 0.01% of their portfolio | 4.4m $67.0m | Reduced -325.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 4.4m $66.3m | Added +1.2m |
| Alberta Investment Management Corp 0.60% of their portfolio | 3.7m $56.2m | Added +550.0k |
| Scheer, Rowlett & Associates Investment Management Ltd. 3.44% of their portfolio | 3.0m $45.0m | Added +1.4m |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.45% of their portfolio | 2.3m $35.6m | Unchanged |
| APG Asset Management N.V. 0.06% of their portfolio | 2.3m $32.8m | Added +251.5k |
| FEDERATED HERMES, INC. 0.08% of their portfolio | 2.2m $33.6m | Reduced -156.9k |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.35% of their portfolio | 2.2m $33.5m | Reduced -60.3k |
| Nexus Investment Management ULC 3.50% of their portfolio | 2.2m $33.4m | Added +363.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.2m $33.6m | Added +66.9k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 3.68% of their portfolio | 2.0m $30.3m | Added +359.9k |
| BlackRock Inc. 0.00% of their portfolio | 2.0m $30.0m | Reduced -91.4k |
| BANK OF NOVA SCOTIA TRUST CO 3.32% of their portfolio | 2.0m $29.7m | Added +73.7k |
| SIG North Trading, ULC 7.05% of their portfolio | 1.8m $27.1m | Added +1.0m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.8m $27.0m | Added +2.6k |
| Swiss National Bank 0.02% of their portfolio | 1.5m $22.1m | Added +3.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.3m $18.9m | New |
| Amundi 0.01% of their portfolio | 1.1m $16.5m | Reduced -587.0k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 1.1m $16.5m | Reduced -203.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 1.0m $15.8m | New |
| Man Group plc 0.04% of their portfolio | 1.0m $15.5m | Added +977.7k |
| AEGON ASSET MANAGEMENT UK Plc 0.20% of their portfolio | 951.3k $14.4m | Unchanged |
| JARISLOWSKY, FRASER Ltd 0.08% of their portfolio | 888.1k $13.4m | Reduced -68.5k |
| GUARDIAN CAPITAL ADVISORS LP 1.42% of their portfolio | 875.4k $13.3m | Added +16.5k |
| Heathbridge Capital Management Ltd. 5.19% of their portfolio | 809.7k $12.3m | Reduced -81.4k |
| NICOLA WEALTH MANAGEMENT LTD. 1.45% of their portfolio | 781.8k $16.2m | Unchanged |
| MUFG SECURITIES (CANADA), LTD. 0.78% of their portfolio | 781.5k $11.8m | Added +780.7k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 737.7k $11.2m | Reduced -77.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 707.3k $10.7m | Added +1.7k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 618.6k $9.4m | Reduced -180.3k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio | 547.8k $8.3m | Added +661 |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 544.6k $8.2m | Added +29.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 534.0k $8.1m | Reduced -71.9k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 513.7k $7.8m | Reduced -7.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 509.8k $7.8m | Added +70.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 490.1k $7.4m | Reduced -762.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 485.4k $7.3m | Added +62.0k |
| Harvest Portfolios Group Inc. 0.28% of their portfolio | 478.0k $7.2m | Added +65.6k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 475.4k $7.2m | Reduced -135.5k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 456.3k $6.9m | Added +298.4k |
| FMR LLC 0.00% of their portfolio | 454.4k $6.9m | Added +14.2k |
| UBS Group AG 0.00% of their portfolio | 449.0k $6.8m | Reduced -144.1k |
| Northwest & Ethical Investments L.P. 0.19% of their portfolio | 447.6k $6.8m | Added +39.6k |
| GABELLI FUNDS LLC 0.05% of their portfolio | 427.0k $6.5m | Reduced -25.0k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 403.1k $6.1m | Added +201.3k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 397.1k $6.0m | Reduced -5.4k |
| Summerhill Capital Management lnc. 4.24% of their portfolio | 395.4k $6.0m | Reduced -19.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio | 391.8k $8.1m | Reduced -21.8k |
| K.J. Harrison & Partners Inc 0.94% of their portfolio | 378.1k $5.7m | Added +46.8k |
| Waratah Capital Advisors Ltd. 0.34% of their portfolio | 368.0k $5.6m | New |
| NATIXIS 0.03% of their portfolio | 345.4k $5.2m | Added +189.8k |
| Cardinal Capital Management, Inc. 0.20% of their portfolio | 342.1k $5.2m | Added +8.5k |
| CITIGROUP INC 0.00% of their portfolio | 338.4k $5.1m | Reduced -8.0k |
| BARCLAYS PLC 0.00% of their portfolio | 333.2k $5.0m | Added +181.1k |
| Clean Yield Group 1.81% of their portfolio | 320.3k $4.8m | Reduced -11.1k |
| FORSTA AP-FONDEN 0.04% of their portfolio | 316.8k $4.8m | Added +38.2k |
| USS Investment Management Ltd 0.04% of their portfolio | 308.6k $4.7m | Added +3.9k |
| Mediolanum International Funds Ltd 0.07% of their portfolio | 305.5k $4.3m | Added +160.6k |
| Aviso Financial Inc. 0.25% of their portfolio | 291.9k $4.4m | First filing |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 284.2k $4.3m | Added +159.8k |
| Onex Canada Asset Management Inc. 0.48% of their portfolio | 273.5k $4.2m | Reduced -27.2k |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 271.3k $4.1m | Reduced -401.9k |
| Wealth Advisors of Tampa Bay, LLC 1.81% of their portfolio | 256.2k $3.9m | Added +4.6k |
| LPL Financial LLC 0.00% of their portfolio | 255.1k $3.9m | Added +27.0k |
| Lorne Steinberg Wealth Management Inc. 1.22% of their portfolio | 250.1k $3.8m | Reduced -3.8k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 215.4k $3.3m | Reduced -952 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.02% of their portfolio | 206.4k $3.1m | Added +134.4k |
| Ninepoint Partners LP 0.32% of their portfolio | 195.9k $3.0m | Added +17.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 193.5k $2.9m | Added +4.6k |