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 ($308.0m 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 ≈ $13.37. Options: 19 managers hold calls ($264.4m notional), 17 hold puts ($454.2m).
Trends to Q4 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 |
| Q4 2024 | 288 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2024 | 139 | 143 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $113.3m | $68.3m | 0.60 |
| Q2 2024 | $188.9m | $218.0m | 1.15 |
| Q3 2024 | $241.2m | $310.2m | 1.29 |
| Q4 2024 | $264.4m | $454.2m | 1.72 |
Biggest buyers
| MACKENZIE FINANCIAL CORP | Added | +107.5m |
| CIBC WORLD MARKET INC. | Added | +10.8m |
| BANK OF NOVA SCOTIA | Added | +6.7m |
| BANK OF MONTREAL /CAN/ | Added | +3.9m |
| ROYAL BANK OF CANADA | Added | +3.2m |
| UBS Group AG | Added | +2.4m |
| GOLDMAN SACHS GROUP INC | Added | +2.2m |
| 1832 Asset Management L.P. | Added | +1.5m |
| SIG North Trading, ULC | Added | +1.5m |
| MUFG SECURITIES (CANADA), LTD. | Added | +912.3k |
Biggest sellers
| OMERS ADMINISTRATION Corp | Sold out | -6.2m |
| JPMORGAN CHASE & CO | Reduced | -5.3m |
| TORONTO DOMINION BANK | Reduced | -5.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -3.1m |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -2.7m |
| TD Asset Management Inc | Reduced | -2.3m |
| INTACT INVESTMENT MANAGEMENT INC. | Reduced | -2.2m |
| SCOTIA CAPITAL INC. | Reduced | -1.7m |
| D. E. Shaw & Co., Inc. | Reduced | -1.6m |
| CIBC Asset Management Inc | Reduced | -1.4m |
Biggest calls
| SIG North Trading, ULC | Added | $58.6m4.3m shares |
| ROYAL BANK OF CANADA | Added | $31.7m2.3m shares |
| TORONTO DOMINION BANK | New | $30.9m2.3m shares |
| HSBC HOLDINGS PLC | Added | $25.5m1.9m shares |
| CIBC WORLD MARKET INC. | Added | $23.3m1.7m shares |
| NATIONAL BANK OF CANADA /FI/ | New | $16.9m12.4k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $15.9m1.2m shares |
| BANK OF AMERICA CORP /DE/ | Unchanged | $12.6m930.0k shares |
| JANE STREET GROUP, LLC | Added | $9.5m702.1k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $9.3m478.6k shares |
Biggest puts
| ROYAL BANK OF CANADA | Added | $141.1m10.4m shares |
| SIG North Trading, ULC | Added | $120.7m8.9m shares |
| CIBC WORLD MARKET INC. | Added | $73.2m5.4m shares |
| TORONTO DOMINION BANK | New | $43.3m3.2m shares |
| JANE STREET GROUP, LLC | Added | $21.0m1.5m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $19.0m975.0k shares |
| DeepCurrents Investment Group LLC | Unchanged | $13.4m9.8k shares |
| BANK OF MONTREAL /CAN/ | New | $10.8m800.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $9.1m675.0k shares |
| NATIONAL BANK OF CANADA /FI/ | New | $1.2m863 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 Q4 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 Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.47% of their portfolio | 160.5m $2.2bn | Added +3.2m |
| MACKENZIE FINANCIAL CORP 0.83% of their portfolio | 147.7m $1.8bn | Added +107.5m |
| BANK OF MONTREAL /CAN/ 0.55% of their portfolio | 81.6m $1.1bn | Added +3.9m |
| CIBC WORLD MARKET INC. 1.45% of their portfolio | 46.5m $631.1m | Added +10.8m |
| 1832 Asset Management L.P. 0.99% of their portfolio | 41.0m $556.5m | Added +1.5m |
| TD Asset Management Inc 0.46% of their portfolio | 38.4m $521.0m | Reduced -2.3m |
| BANK OF NOVA SCOTIA 0.72% of their portfolio | 30.2m $409.7m | Added +6.7m |
| NATIONAL BANK OF CANADA /FI/ 0.47% of their portfolio | 26.8m $362.8m | Added +601.1k |
| VANGUARD GROUP INC 0.01% of their portfolio | 25.8m $349.8m | Added +903.9k |
| Federation des caisses Desjardins du Quebec 1.44% of their portfolio | 21.0m $283.3m | Added +622.1k |
| CIBC Asset Management Inc 0.83% of their portfolio | 18.7m $253.8m | Reduced -1.4m |
| SCOTIA CAPITAL INC. 1.26% of their portfolio | 17.7m $240.0m | Reduced -1.7m |
| Fiera Capital Corp 0.69% of their portfolio | 16.1m $218.1m | Reduced -804.2k |
| Capital Research Global Investors 0.04% of their portfolio | 13.7m $186.2m | Reduced -598.0k |
| Invesco Ltd. 0.03% of their portfolio | 11.0m $149.1m | Added +326.5k |
| TD Waterhouse Canada Inc. 1.09% of their portfolio | 10.0m $135.2m | Reduced -64.3k |
| FIL Ltd 0.12% of their portfolio | 9.5m $128.7m | Reduced -88.4k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 8.2m $111.2m | Added +888.4k |
| JANUS HENDERSON GROUP PLC 0.05% of their portfolio | 7.3m $99.2m | Added +618.6k |
| FIRST TRUST ADVISORS LP 0.09% of their portfolio | 7.3m $98.4m | Added +510.0k |
| LETKO, BROSSEAU & ASSOCIATES INC 1.71% of their portfolio | 6.5m $88.5m | Added +159.4k |
| Clearbridge Investments, LLC 0.07% of their portfolio | 6.2m $83.8m | Reduced -144.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.07% of their portfolio | 6.1m $82.9m | Added +459.1k |
| NORGES BANK 0.01% of their portfolio | 5.2m $70.2m | Added +180.8k |
| TORONTO DOMINION BANK 0.13% of their portfolio | 4.9m $65.8m | Reduced -5.0m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 4.0m $54.2m | Added +2.2m |
| GUARDIAN CAPITAL LP 1.96% of their portfolio | 3.9m $52.8m | Reduced -947.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.4m $46.4m | Reduced -5.3m |
| Scheer, Rowlett & Associates Investment Management Ltd. 3.36% of their portfolio | 3.4m $46.1m | Added +169.6k |
| MORGAN STANLEY 0.00% of their portfolio | 3.1m $42.5m | Reduced -462.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.19% of their portfolio | 3.1m $41.8m | Reduced -2.7m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.0m $42.4m | Added +696.7k |
| Alberta Investment Management Corp 0.27% of their portfolio | 2.9m $39.8m | Reduced -275.0k |
| UBS Group AG 0.01% of their portfolio | 2.9m $39.8m | Added +2.4m |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.43% of their portfolio | 2.7m $36.1m | Unchanged |
| SIG North Trading, ULC 7.79% of their portfolio | 2.5m $34.1m | Added +1.5m |
| MUFG SECURITIES (CANADA), LTD. 1.09% of their portfolio | 2.2m $30.3m | Added +912.3k |
| Nexus Investment Management ULC 3.01% of their portfolio | 2.2m $30.1m | Added +38.5k |
| Man Group plc 0.09% of their portfolio | 2.1m $28.5m | Added +850.9k |
| FEDERATED HERMES, INC. 0.06% of their portfolio | 2.1m $28.1m | Reduced -233.7k |
| BANK OF NOVA SCOTIA TRUST CO 2.93% of their portfolio | 2.1m $27.8m | Added +33.8k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 3.22% of their portfolio | 2.0m $26.6m | Added +19.2k |
| INTACT INVESTMENT MANAGEMENT INC. 0.88% of their portfolio | 1.9m $25.2m | Reduced -2.2m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.7m $23.1m | Reduced -66.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.7m $22.6m | Added +151.3k |
| Swiss National Bank 0.01% of their portfolio | 1.4m $19.4m | Reduced -45.2k |
| Amundi 0.01% of their portfolio | 1.4m $19.4m | Added +164.0k |
| BlackRock, Inc. 0.00% of their portfolio | 1.1m $15.1m | Reduced -568.6k |
| NICOLA WEALTH MANAGEMENT LTD. 2.02% of their portfolio | 1.1m $21.3m | Added +32.3k |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.18% of their portfolio | 1.1m $14.8m | Added +234.7k |
| FMR LLC 0.00% of their portfolio | 1.1m $14.4m | Reduced -264.6k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.09% of their portfolio | 1.1m $14.3m | Added +577.0k |
| AEGON ASSET MANAGEMENT UK Plc 0.18% of their portfolio | 1.0m $13.8m | Added +65.9k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.0m $13.8m | Added +71.1k |
| Guardian Partners Inc. 1.25% of their portfolio | 886.8k $12.3m | First filing |
| AGF MANAGEMENT LTD 0.06% of their portfolio | 872.4k $12.1m | Reduced -1.3m |
| Heathbridge Capital Management Ltd. 4.32% of their portfolio | 800.6k $10.8m | Reduced -7.4k |
| APG Asset Management N.V. 0.03% of their portfolio | 789.5k $10.3m | Added +378.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 779.5k $10.6m | Added +230.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 767.8k $10.4m | Reduced -82.3k |
| JARISLOWSKY, FRASER Ltd 0.06% of their portfolio | 728.7k $9.9m | Added +17.3k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 688.9k $9.3m | Added +102.3k |
| NATIXIS 0.06% of their portfolio | 666.0k $9.0m | Added +115.7k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 665.2k $9.0m | Added +248.1k |
| Harvest Portfolios Group Inc. 0.27% of their portfolio | 599.2k $8.1m | Added +90.2k |
| BARCLAYS PLC 0.00% of their portfolio | 565.4k $7.7m | Added +98.2k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 528.9k $7.2m | Reduced -395.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 528.2k $7.2m | Added +107.8k |
| Centre Asset Management, LLC 1.59% of their portfolio | 512.2k $6.9m | New |
| Northwest & Ethical Investments L.P. 0.18% of their portfolio | 502.4k $6.8m | Added +52.6k |
| CITIGROUP INC 0.01% of their portfolio | 477.7k $6.5m | Added +87.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 466.0k $6.3m | Added +15.0k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 456.9k $6.2m | Reduced -128.2k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 451.6k $6.1m | Added +3.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 450.1k $6.1m | Reduced -43.6k |
| GABELLI FUNDS LLC 0.04% of their portfolio | 435.0k $5.9m | Added +8.0k |
| Summit Global Investments 0.37% of their portfolio | 432.4k $5.9m | Added +364.1k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 409.0k $5.5m | Reduced -116.6k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 403.1k $5.4m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 398.6k $5.4m | Reduced -75.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 390.1k $5.3m | Added +133.6k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio | 381.7k $5.2m | Unchanged |
| Cardinal Capital Management, Inc. 0.17% of their portfolio | 375.1k $5.1m | Added +26.7k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 360.4k $4.9m | Added +129.7k |
| FORSTA AP-FONDEN 0.03% of their portfolio | 360.3k $4.9m | Added +8.6k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio | 342.2k $4.6m | Reduced -33.8k |
| Aviso Financial Inc. 0.23% of their portfolio | 337.0k $4.6m | Added +7.1k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 336.9k $4.6m | Added +62.3k |
| AVIVA PLC 0.01% of their portfolio | 294.9k $4.0m | Added +276.0k |
| LPL Financial LLC 0.00% of their portfolio | 279.5k $3.8m | Added +7.4k |
| OSSIAM 0.06% of their portfolio | 271.8k $3.7m | Added +127.5k |
| Wealth Advisors of Tampa Bay, LLC 1.50% of their portfolio | 258.4k $3.5m | Reduced -3.6k |
| Lansforsakringar Fondforvaltning AB (publ) 0.01% of their portfolio | 257.1k $3.5m | First filing |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 239.8k $3.3m | Added +104.0k |
| Claret Asset Management Corp 0.51% of their portfolio | 237.8k $3.2m | Added +157.7k |
| USS Investment Management Ltd 0.02% of their portfolio | 226.9k $3.1m | Reduced -86.1k |
| Clean Yield Group 0.93% of their portfolio | 216.5k $2.9m | Reduced -40.4k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 213.5k $2.9m | Added +22.3k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 208.6k $2.8m | Reduced -1.2k |
| Burgundy Asset Management Ltd. 0.03% of their portfolio | 198.7k $2.7m | Added +41.1k |