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 ($475.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $16.07. Options: 15 managers hold calls ($355.7m notional), 15 hold puts ($1.1bn).
Trends to Q2 2025
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 |
| Q1 2025 | 295 |
| Q2 2025 | 302 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 141 | 145 |
| Q4 2023 | 150 | 155 |
| Q1 2024 | 157 | 150 |
| Q2 2024 | 145 | 162 |
| Q3 2024 | 158 | 140 |
| Q4 2024 | 139 | 143 |
| Q1 2025 | 152 | 133 |
| Q2 2025 | 147 | 133 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $241.2m | $310.2m | 1.29 |
| Q4 2024 | $264.4m | $454.2m | 1.72 |
| Q1 2025 | $194.6m | $499.0m | 2.56 |
| Q2 2025 | $355.7m | $1.1bn | 2.99 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +239.2m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +3.4m |
| BESSEMER GROUP INC | Added | +3.4m |
| PICTON MAHONEY ASSET MANAGEMENT | New | +3.2m |
| AGF MANAGEMENT LTD | Added | +2.4m |
| FIL Ltd | Added | +2.1m |
| D. E. Shaw & Co., Inc. | Added | +1.3m |
| VANGUARD GROUP INC | Added | +1.1m |
| NICOLA WEALTH MANAGEMENT LTD. | Added | +960.3k |
| Galibier Capital Management Ltd. | New | +902.4k |
Biggest sellers
| BANK OF NOVA SCOTIA | Reduced | -6.6m |
| CIBC Asset Management Inc | Reduced | -4.2m |
| CIBC WORLD MARKET INC. | Reduced | -3.5m |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -2.8m |
| UBS Group AG | Reduced | -2.1m |
| SIG North Trading, ULC | Reduced | -1.6m |
| Alberta Investment Management Corp | Reduced | -1.5m |
| GOLDMAN SACHS GROUP INC | Reduced | -824.8k |
| FIRST TRUST ADVISORS LP | Reduced | -788.4k |
| TORONTO DOMINION BANK | Reduced | -784.9k |
Biggest calls
| ROYAL BANK OF CANADA | Added | $132.0m8.2m shares |
| SIG North Trading, ULC | Added | $98.4m6.1m shares |
| TORONTO DOMINION BANK | Added | $43.9m2.7m shares |
| HSBC HOLDINGS PLC | Reduced | $18.4m1.1m shares |
| D. E. Shaw & Co., Inc. | Added | $18.1m1.1m shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $13.6m8.5k shares |
| BANK OF AMERICA CORP /DE/ | Unchanged | $8.5m530.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $6.0m275.0k shares |
| CIBC WORLD MARKET INC. | Reduced | $5.6m350.0k shares |
| UBS Group AG | Unchanged | $4.0m250.0k shares |
Biggest puts
| ROYAL BANK OF CANADA | Added | $617.2m38.4m shares |
| SIG North Trading, ULC | Added | $145.7m9.1m shares |
| GOLDMAN SACHS GROUP INC | New | $117.2m7.3m shares |
| CIBC WORLD MARKET INC. | Reduced | $71.5m4.5m shares |
| TORONTO DOMINION BANK | Reduced | $54.3m3.4m shares |
| D. E. Shaw & Co., Inc. | Added | $23.7m1.5m shares |
| BANK OF MONTREAL /CAN/ | Unchanged | $17.7m1.1m shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $14.8m675.0k shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $1.8m1.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $668.1k41.6k 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 2025
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 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.63% of their portfolio | 401.7m $6.5bn | Added +239.2m |
| BANK OF MONTREAL /CAN/ 0.68% of their portfolio | 83.5m $1.3bn | Added +95.5k |
| CIBC WORLD MARKET INC. 1.53% of their portfolio | 43.0m $689.8m | Reduced -3.5m |
| 1832 Asset Management L.P. 1.12% of their portfolio | 40.1m $643.3m | Reduced -592.1k |
| TD Asset Management Inc 0.50% of their portfolio | 36.3m $582.0m | Reduced -97.7k |
| MACKENZIE FINANCIAL CORP 0.68% of their portfolio | 32.5m $522.1m | Reduced -529.1k |
| VANGUARD GROUP INC 0.01% of their portfolio | 27.3m $438.4m | Added +1.1m |
| NATIONAL BANK OF CANADA /FI/ 0.47% of their portfolio | 27.1m $434.7m | Reduced -2.8m |
| Federation des caisses Desjardins du Quebec 1.58% of their portfolio | 22.4m $359.7m | Reduced -496.6k |
| BANK OF NOVA SCOTIA 0.65% of their portfolio | 19.8m $317.5m | Reduced -6.6m |
| SCOTIA CAPITAL INC. 1.43% of their portfolio | 18.8m $302.5m | Added +288.5k |
| CIBC Asset Management Inc 0.87% of their portfolio | 17.2m $276.5m | Reduced -4.2m |
| Fiera Capital Corp 0.88% of their portfolio | 16.1m $259.2m | Reduced -129.1k |
| FIL Ltd 0.18% of their portfolio | 13.4m $214.8m | Added +2.1m |
| TD Waterhouse Canada Inc. 1.33% of their portfolio | 11.4m $185.7m | Added +643.2k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 11.0m $176.8m | Reduced -824.8k |
| Invesco Ltd. 0.03% of their portfolio | 10.5m $168.3m | Reduced -523.3k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 10.3m $165.9m | Added +139.1k |
| TORONTO DOMINION BANK 0.26% of their portfolio | 7.6m $121.3m | Reduced -784.9k |
| JANUS HENDERSON GROUP PLC 0.06% of their portfolio | 7.1m $114.0m | Reduced -59.1k |
| FIRST TRUST ADVISORS LP 0.09% of their portfolio | 6.7m $108.2m | Reduced -788.4k |
| LETKO, BROSSEAU & ASSOCIATES INC 2.02% of their portfolio | 6.6m $105.7m | Added +139.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 6.5m $103.6m | Added +3.4m |
| Clearbridge Investments, LLC 0.07% of their portfolio | 5.6m $90.3m | Reduced -297.1k |
| NORGES BANK 0.01% of their portfolio | 4.8m $77.5m | Reduced -353.4k |
| MORGAN STANLEY 0.00% of their portfolio | 4.7m $74.8m | Added +325.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.5m $76.3m | Added +780.6k |
| GUARDIAN CAPITAL LP 2.14% of their portfolio | 3.8m $60.7m | Reduced -8.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.8m $60.2m | Reduced -562.3k |
| FMR LLC 0.00% of their portfolio | 3.7m $58.6m | Reduced -1.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 3.6m $57.4m | Reduced -564.1k |
| UBS Group AG 0.01% of their portfolio | 3.6m $57.6m | Reduced -2.1m |
| BESSEMER GROUP INC 0.09% of their portfolio | 3.4m $55.0m | Added +3.4m |
| Scheer, Rowlett & Associates Investment Management Ltd. 3.41% of their portfolio | 3.3m $52.7m | Reduced -226.5k |
| PICTON MAHONEY ASSET MANAGEMENT 0.72% of their portfolio | 3.2m $51.1m | New |
| AGF MANAGEMENT LTD 0.23% of their portfolio | 3.2m $51.4m | Added +2.4m |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.50% of their portfolio | 2.7m $42.7m | Unchanged |
| FEDERATED HERMES, INC. 0.08% of their portfolio | 2.6m $41.6m | Added +208.5k |
| MUFG SECURITIES (CANADA), LTD. 1.25% of their portfolio | 2.6m $41.2m | Added +303.1k |
| INTACT INVESTMENT MANAGEMENT INC. 1.21% of their portfolio | 2.2m $35.6m | Added +298.6k |
| BANK OF NOVA SCOTIA TRUST CO 3.48% of their portfolio | 2.2m $35.4m | Added +155.4k |
| NICOLA WEALTH MANAGEMENT LTD. 3.09% of their portfolio | 2.1m $33.0m | Added +960.3k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 3.39% of their portfolio | 1.9m $30.7m | Reduced -30.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.9m $29.9m | Added +48.8k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 1.6m $25.7m | Added +1.3m |
| SIG North Trading, ULC 5.60% of their portfolio | 1.6m $25.5m | Reduced -1.6m |
| Amundi 0.01% of their portfolio | 1.5m $24.8m | Added +167.1k |
| Swiss National Bank 0.01% of their portfolio | 1.5m $24.3m | Added +107.8k |
| BlackRock, Inc. 0.00% of their portfolio | 1.5m $24.0m | Added +248.9k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.2m $19.5m | Added +209.5k |
| CITIGROUP INC 0.01% of their portfolio | 1.1m $18.3m | Added +693.1k |
| BARCLAYS PLC 0.01% of their portfolio | 1.1m $17.4m | Added +535.4k |
| AEGON ASSET MANAGEMENT UK Plc 0.22% of their portfolio | 1.1m $16.9m | Added +22.7k |
| Alberta Investment Management Corp 0.13% of their portfolio | 1.0m $16.4m | Reduced -1.5m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.0m $16.4m | Added +251.0k |
| Galibier Capital Management Ltd. 4.35% of their portfolio | 902.4k $14.5m | New |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.16% of their portfolio | 885.5k $14.2m | Reduced -284.3k |
| Guardian Partners Inc. 1.24% of their portfolio | 832.5k $13.8m | Added +987 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.08% of their portfolio | 820.4k $13.2m | Reduced -21.4k |
| APG Asset Management N.V. 0.03% of their portfolio | 793.0k $10.8m | Added +75.2k |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 791.4k $12.7m | Added +349.3k |
| Heathbridge Capital Management Ltd. 5.01% of their portfolio | 778.4k $12.5m | Reduced -6.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 762.8k $12.3m | Reduced -16.9k |
| Northwest & Ethical Investments L.P. 0.29% of their portfolio | 735.1k $11.8m | Added +89.2k |
| JARISLOWSKY, FRASER Ltd 0.06% of their portfolio | 654.8k $10.5m | Added +8.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 646.2k $10.4m | Reduced -4.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 631.3k $10.2m | Added +42.9k |
| NATIXIS 0.05% of their portfolio | 616.7k $9.9m | Reduced -186.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 549.0k $8.8m | Added +75.0k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 534.6k $8.6m | Reduced -179.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 506.9k $8.1m | Added +239.2k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 441.3k $7.1m | Reduced -58.2k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio | 436.2k $7.0m | Added +20.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 417.7k $6.7m | Reduced -29.6k |
| GABELLI FUNDS LLC 0.05% of their portfolio | 415.0k $6.7m | Reduced -20.0k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 411.7k $6.6m | Added +63.8k |
| Waratah Capital Advisors Ltd. 0.44% of their portfolio | 405.1k $6.5m | Added +2.6k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 403.1k $6.5m | Added +534 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 396.1k $6.4m | Added +289.7k |
| Nuveen, LLC 0.00% of their portfolio | 383.8k $6.2m | Unchanged |
| AVIVA PLC 0.01% of their portfolio | 366.9k $5.9m | Added +21.9k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 346.3k $5.5m | Added +140.3k |
| Cardinal Capital Management, Inc. 0.17% of their portfolio | 338.0k $5.4m | Reduced -43.9k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio | 327.6k $7.2m | Reduced -23.6k |
| LPL Financial LLC 0.00% of their portfolio | 326.1k $5.2m | Added +25.3k |
| Campbell & CO Investment Adviser LLC 0.31% of their portfolio | 310.7k $5.0m | Added +121.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 300.0k $4.8m | Added +108.2k |
| Aviso Financial Inc. 0.21% of their portfolio | 288.7k $4.6m | Reduced -85.8k |
| Wealth Advisors of Tampa Bay, LLC 1.71% of their portfolio | 282.8k $4.5m | Added +4.3k |
| Claret Asset Management Corp 0.59% of their portfolio | 281.6k $4.5m | Added +573 |
| Beutel, Goodman & Co Ltd. 0.03% of their portfolio | 276.1k $4.4m | Reduced -23.5k |
| Quantinno Capital Management LP 0.02% of their portfolio | 260.5k $4.2m | Added +133.8k |
| FORSTA AP-FONDEN 0.03% of their portfolio | 256.8k $4.1m | Reduced -34.4k |
| Trexquant Investment LP 0.05% of their portfolio | 252.6k $4.1m | Added +93.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 244.8k $3.9m | Reduced -8.4k |
| USS Investment Management Ltd 0.02% of their portfolio | 236.3k $3.8m | Added +4.7k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 236.0k $3.8m | Added +69.2k |
| PDT Partners, LLC 0.21% of their portfolio | 235.1k $3.8m | New |
| MARSHALL WACE, LLP 0.00% of their portfolio | 225.2k $3.6m | New |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 224.9k $3.6m | Reduced -90.7k |