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 ($526.9m this quarter). Holder counts are more reliable. Shares outstanding: 1.5bn as of 2024-12-31, 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 ≈ $16.80. Options: 17 managers hold calls ($241.2m notional), 12 hold puts ($310.2m).
Trends to Q3 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 |
| Q3 2024 | 303 |
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 |
| Q3 2024 | 158 | 140 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $112.2m | $32.9m | 0.29 |
| Q1 2024 | $113.3m | $68.3m | 0.60 |
| Q2 2024 | $188.9m | $218.0m | 1.15 |
| Q3 2024 | $241.2m | $310.2m | 1.29 |
Biggest buyers
| BANK OF MONTREAL /CAN/ | Added | +9.8m |
| NATIONAL BANK OF CANADA /FI/ | Added | +5.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +3.1m |
| FIL Ltd | Added | +2.4m |
| ROYAL BANK OF CANADA | Added | +2.1m |
| BANK OF NOVA SCOTIA | Added | +1.5m |
| 1832 Asset Management L.P. | Added | +1.3m |
| D. E. Shaw & Co., Inc. | Added | +1.3m |
| FMR LLC | Added | +872.2k |
| TD Waterhouse Canada Inc. | Added | +838.0k |
Biggest sellers
| Capital Research Global Investors | Reduced | -5.2m |
| CIBC WORLD MARKET INC. | Reduced | -4.8m |
| AGF MANAGEMENT LTD | Reduced | -4.3m |
| MORGAN STANLEY | Reduced | -4.1m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -3.4m |
| TORONTO DOMINION BANK | Reduced | -2.6m |
| GOLDMAN SACHS GROUP INC | Reduced | -2.5m |
| CIBC Asset Management Inc | Reduced | -2.3m |
| APG Asset Management N.V. | Reduced | -1.9m |
| MACKENZIE FINANCIAL CORP | Reduced | -1.8m |
Biggest calls
| SIG North Trading, ULC | Added | $41.7m2.5m shares |
| ROYAL BANK OF CANADA | Reduced | $32.2m1.9m shares |
| BANK OF MONTREAL /CAN/ | Added | $28.5m1.7m shares |
| CIBC WORLD MARKET INC. | Reduced | $26.0m1.6m shares |
| D. E. Shaw & Co., Inc. | Added | $19.7m1.2m shares |
| HSBC HOLDINGS PLC | Unchanged | $17.3m1.0m shares |
| BANK OF AMERICA CORP /DE/ | Unchanged | $15.6m930.0k shares |
| GROUP ONE TRADING LLC | Added | $11.6m693.5k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $9.2m403.6k shares |
| JANE STREET GROUP, LLC | Added | $8.5m508.3k shares |
Biggest puts
| SIG North Trading, ULC | Added | $93.6m5.6m shares |
| ROYAL BANK OF CANADA | Added | $80.9m4.8m shares |
| CIBC WORLD MARKET INC. | Added | $61.2m3.6m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $22.8m1.0m shares |
| JANE STREET GROUP, LLC | Unchanged | $18.2m1.1m shares |
| DeepCurrents Investment Group LLC | Unchanged | $16.6m9.8k shares |
| D. E. Shaw & Co., Inc. | Added | $16.4m975.0k shares |
| CITADEL ADVISORS LLC | Reduced | $323.9k19.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $265.0k15.8k shares |
| GROUP ONE TRADING LLC | Added | $20.1k1.2k 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 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 Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.59% of their portfolio | 157.4m $2.6bn | Added +2.1m |
| BANK OF MONTREAL /CAN/ 0.60% of their portfolio | 77.7m $1.3bn | Added +9.8m |
| TD Asset Management Inc 0.60% of their portfolio | 40.7m $684.2m | Reduced -994.6k |
| MACKENZIE FINANCIAL CORP 0.94% of their portfolio | 40.2m $673.8m | Reduced -1.8m |
| 1832 Asset Management L.P. 1.11% of their portfolio | 39.5m $663.0m | Added +1.3m |
| CIBC WORLD MARKET INC. 1.35% of their portfolio | 35.8m $600.5m | Reduced -4.8m |
| NATIONAL BANK OF CANADA /FI/ 0.58% of their portfolio | 26.2m $438.9m | Added +5.1m |
| VANGUARD GROUP INC 0.01% of their portfolio | 24.9m $417.7m | Added +740.6k |
| BANK OF NOVA SCOTIA 0.80% of their portfolio | 23.6m $395.3m | Added +1.5m |
| Federation des caisses Desjardins du Quebec 1.69% of their portfolio | 20.3m $341.3m | Added +44.5k |
| CIBC Asset Management Inc 1.10% of their portfolio | 20.1m $338.8m | Reduced -2.3m |
| SCOTIA CAPITAL INC. 1.74% of their portfolio | 19.4m $324.9m | Added +290.8k |
| Fiera Capital Corp 0.85% of their portfolio | 16.9m $283.9m | Added +211.8k |
| Capital Research Global Investors 0.05% of their portfolio | 14.3m $240.4m | Reduced -5.2m |
| Invesco Ltd. 0.03% of their portfolio | 10.7m $179.0m | Added +345.7k |
| TD Waterhouse Canada Inc. 1.37% of their portfolio | 10.1m $168.3m | Added +838.0k |
| TORONTO DOMINION BANK 0.29% of their portfolio | 9.9m $165.6m | Reduced -2.6m |
| FIL Ltd 0.15% of their portfolio | 9.6m $160.7m | Added +2.4m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 8.7m $146.2m | Reduced -758.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 7.3m $122.7m | Added +351.9k |
| FIRST TRUST ADVISORS LP 0.11% of their portfolio | 6.7m $113.2m | Added +336.8k |
| JANUS HENDERSON GROUP PLC 0.06% of their portfolio | 6.7m $112.6m | Added +49.1k |
| LETKO, BROSSEAU & ASSOCIATES INC 1.94% of their portfolio | 6.4m $107.0m | Reduced -451.2k |
| Clearbridge Investments, LLC 0.08% of their portfolio | 6.3m $106.1m | Added +377.5k |
| OMERS ADMINISTRATION Corp 0.96% of their portfolio | 6.2m $104.8m | Unchanged |
| Connor, Clark & Lunn Investment Management Ltd. 0.47% of their portfolio | 5.8m $96.6m | Reduced -245.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.08% of their portfolio | 5.6m $94.7m | Reduced -3.4m |
| NORGES BANK 0.01% of their portfolio | 5.0m $83.9m | Added +581.4k |
| GUARDIAN CAPITAL LP 2.98% of their portfolio | 4.8m $81.4m | Added +38.1k |
| INTACT INVESTMENT MANAGEMENT INC. 2.26% of their portfolio | 4.1m $68.1m | Reduced -938.9k |
| MORGAN STANLEY 0.00% of their portfolio | 3.6m $60.3m | Reduced -4.1m |
| Scheer, Rowlett & Associates Investment Management Ltd. 3.78% of their portfolio | 3.2m $54.2m | Added +263.8k |
| Alberta Investment Management Corp 0.47% of their portfolio | 3.2m $53.9m | Reduced -507.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 3.1m $51.6m | New |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.51% of their portfolio | 2.7m $44.8m | Added +317.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.3m $40.2m | Added +178.0k |
| FEDERATED HERMES, INC. 0.09% of their portfolio | 2.3m $38.7m | Added +91.9k |
| Nexus Investment Management ULC 3.60% of their portfolio | 2.2m $36.7m | Reduced -18.1k |
| AGF MANAGEMENT LTD 0.18% of their portfolio | 2.1m $36.0m | Reduced -4.3m |
| BANK OF NOVA SCOTIA TRUST CO 3.44% of their portfolio | 2.0m $33.8m | Added +52.5k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 3.55% of their portfolio | 1.9m $32.6m | Reduced -57.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.8m $30.9m | Reduced -2.5m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.8m $29.6m | Reduced -16.4k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 1.7m $28.4m | Added +1.3m |
| BlackRock, Inc. 0.00% of their portfolio | 1.7m $28.3m | First filing |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.5m $25.4m | Added +264.1k |
| Swiss National Bank 0.02% of their portfolio | 1.5m $24.8m | Added +11.7k |
| FMR LLC 0.00% of their portfolio | 1.3m $22.3m | Added +872.2k |
| MUFG SECURITIES (CANADA), LTD. 0.99% of their portfolio | 1.3m $22.2m | Added +542.4k |
| Man Group plc 0.06% of their portfolio | 1.2m $20.9m | Added +225.1k |
| Amundi 0.01% of their portfolio | 1.2m $19.9m | Added +135.3k |
| NICOLA WEALTH MANAGEMENT LTD. 1.91% of their portfolio | 1.1m $24.1m | Added +279.0k |
| SIG North Trading, ULC 5.22% of their portfolio | 1.0m $16.9m | Reduced -787.9k |
| AEGON ASSET MANAGEMENT UK Plc 0.22% of their portfolio | 951.3k $16.0m | Unchanged |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 943.5k $15.8m | Added +236.2k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 924.7k $15.5m | Reduced -165.0k |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.15% of their portfolio | 857.1k $14.4m | Reduced -1.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 850.0k $14.3m | Reduced -194.2k |
| GUARDIAN CAPITAL ADVISORS LP 1.40% of their portfolio | 849.5k $14.2m | Reduced -25.8k |
| Twin Tree Management, LP 0.32% of their portfolio | 832.7k $14.0m | Added +740.8k |
| Heathbridge Capital Management Ltd. 5.15% of their portfolio | 808.0k $13.6m | Reduced -1.7k |
| JARISLOWSKY, FRASER Ltd 0.07% of their portfolio | 711.4k $11.9m | Reduced -176.6k |
| Waratah Capital Advisors Ltd. 0.61% of their portfolio | 606.0k $10.2m | Added +238.0k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 586.6k $9.9m | Reduced -151.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 585.1k $9.6m | Reduced -33.5k |
| UBS Group AG 0.00% of their portfolio | 582.2k $9.8m | Added +133.2k |
| NATIXIS 0.06% of their portfolio | 550.2k $9.2m | Added +204.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 549.3k $9.2m | Added +15.3k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 525.7k $8.8m | Reduced -19.0k |
| Harvest Portfolios Group Inc. 0.28% of their portfolio | 509.1k $8.5m | Added +31.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 493.7k $8.3m | Added +3.6k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.05% of their portfolio | 479.8k $8.0m | Added +273.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 473.9k $8.0m | Reduced -11.5k |
| BARCLAYS PLC 0.00% of their portfolio | 467.1k $7.8m | Added +133.9k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 451.0k $7.6m | Reduced -62.7k |
| Northwest & Ethical Investments L.P. 0.20% of their portfolio | 449.8k $7.5m | Added +2.2k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 448.0k $7.5m | Reduced -27.4k |
| GABELLI FUNDS LLC 0.05% of their portfolio | 427.0k $7.2m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 420.4k $7.2m | Reduced -89.4k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 417.1k $7.0m | Reduced -39.2k |
| APG Asset Management N.V. 0.04% of their portfolio | 410.9k $6.2m | Reduced -1.9m |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 403.1k $6.7m | Added +6.0k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 402.1k $6.7m | New |
| Summerhill Capital Management lnc. 4.62% of their portfolio | 400.8k $6.7m | Added +5.5k |
| CITIGROUP INC 0.01% of their portfolio | 390.5k $6.6m | Added +52.1k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio | 381.7k $6.4m | Reduced -166.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio | 376.0k $8.5m | Reduced -15.8k |
| FORSTA AP-FONDEN 0.05% of their portfolio | 351.7k $5.9m | Added +34.9k |
| Cardinal Capital Management, Inc. 0.24% of their portfolio | 348.4k $5.9m | Added +6.4k |
| Aviso Financial Inc. 0.27% of their portfolio | 329.9k $5.5m | Added +38.0k |
| USS Investment Management Ltd 0.04% of their portfolio | 312.9k $5.3m | Added +4.4k |
| Mediolanum International Funds Ltd 0.07% of their portfolio | 291.2k $4.9m | Reduced -14.3k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 288.1k $4.7m | Added +3.8k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 274.7k $4.6m | Added +84.5k |
| LPL Financial LLC 0.00% of their portfolio | 272.1k $4.6m | Added +17.0k |
| MIRABELLA FINANCIAL SERVICES LLP 0.25% of their portfolio | 269.3k $4.5m | New |
| Wealth Advisors of Tampa Bay, LLC 1.83% of their portfolio | 262.0k $4.4m | Added +5.8k |
| Clean Yield Group 1.37% of their portfolio | 256.9k $4.3m | Reduced -63.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 256.5k $4.3m | Added +104.9k |
| K.J. Harrison & Partners Inc 0.59% of their portfolio | 242.1k $3.9m | Reduced -136.0k |