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 ($237.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.81. Options: 12 managers hold calls ($191.5m notional), 15 hold puts ($515.3m).
Trends to Q2 2026
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 |
| Q3 2025 | 303 |
| Q4 2025 | 306 |
| Q1 2026 | 290 |
| Q2 2026 | 290 |
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 2024 | 158 | 140 |
| Q4 2024 | 139 | 143 |
| Q1 2025 | 152 | 133 |
| Q2 2025 | 147 | 133 |
| Q3 2025 | 151 | 126 |
| Q4 2025 | 137 | 156 |
| Q1 2026 | 140 | 140 |
| Q2 2026 | 148 | 126 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $302.8m | $854.8m | 2.82 |
| Q4 2025 | $313.0m | $800.4m | 2.56 |
| Q1 2026 | $225.2m | $590.5m | 2.62 |
| Q2 2026 | $191.5m | $515.3m | 2.69 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +5.2m |
| Quadrature Capital Ltd | New | +4.9m |
| NATIONAL BANK OF CANADA /FI/ | Added | +4.9m |
| FIL Ltd | Added | +4.5m |
| BANK OF AMERICA CORP /DE/ | Added | +4.4m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +3.9m |
| CITADEL ADVISORS LLC | Added | +3.8m |
| BANK OF NOVA SCOTIA | Added | +3.0m |
| LETKO, BROSSEAU & ASSOCIATES INC | Added | +2.8m |
| FIRST TRUST ADVISORS LP | Added | +2.6m |
Biggest sellers
| 1832 Asset Management L.P. | Reduced | -16.8m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -14.6m |
| Federation des caisses Desjardins du Quebec | Reduced | -11.1m |
| TD Asset Management Inc | Reduced | -10.1m |
| Invesco Ltd. | Reduced | -8.5m |
| TD Waterhouse Canada Inc. | Reduced | -6.1m |
| MACKENZIE FINANCIAL CORP | Reduced | -3.9m |
| SCOTIA CAPITAL INC. | Reduced | -3.7m |
| GOLDMAN SACHS GROUP INC | Reduced | -3.5m |
| FEDERATED HERMES, INC. | Sold out | -2.6m |
Biggest calls
| ROYAL BANK OF CANADA | Added | $48.2m4.6m shares |
| D. E. Shaw & Co., Inc. | Reduced | $45.1m4.3m shares |
| SIG North Trading, ULC | Reduced | $42.1m4.0m shares |
| BANK OF MONTREAL /CAN/ | Added | $23.9m2.3m shares |
| TORONTO DOMINION BANK | Added | $19.4m1.8m shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $7.9m525.0k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $1.8m1.7k shares |
| Twin Tree Management, LP | New | $1.8m167.2k shares |
| CIBC WORLD MARKET INC. | Added | $1.2m111.4k shares |
| Walleye Capital LLC | New | $82.4k7.8k shares |
Biggest puts
| ROYAL BANK OF CANADA | Added | $275.4m26.1m shares |
| SIG North Trading, ULC | Reduced | $109.2m10.3m shares |
| TORONTO DOMINION BANK | Reduced | $34.7m3.3m shares |
| D. E. Shaw & Co., Inc. | Unchanged | $32.3m3.1m shares |
| CIBC WORLD MARKET INC. | Unchanged | $21.1m2.0m shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $16.9m1.6m shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $13.9m925.0k shares |
| BANK OF MONTREAL /CAN/ | Added | $5.4m512.0k shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $5.2m4.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $443.9k42.0k 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 since 1 Apr 2026
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 since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.20% of their portfolio | 109.3m $1.2bn | Added +5.2m |
| BANK OF MONTREAL /CAN/ 0.23% of their portfolio | 60.1m $635.0m | Added +198.0k |
| CIBC WORLD MARKET INC. 0.83% of their portfolio | 46.8m $494.9m | Reduced -1.8m |
| FIL Ltd 0.24% of their portfolio | 31.8m $336.9m | Added +4.5m |
| MACKENZIE FINANCIAL CORP 0.44% of their portfolio | 29.7m $445.8m | Reduced -3.9m |
| NATIONAL BANK OF CANADA /FI/ 0.27% of their portfolio | 28.8m $304.3m | Added +4.9m |
| TD Asset Management Inc 0.25% of their portfolio | 27.3m $289.0m | Reduced -10.1m |
| BANK OF NOVA SCOTIA 0.39% of their portfolio | 24.1m $255.2m | Added +3.0m |
| Federation des caisses Desjardins du Quebec 0.64% of their portfolio | 19.8m $208.8m | Reduced -11.1m |
| MORGAN STANLEY 0.01% of their portfolio | 15.5m $163.8m | Added +1.7m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 14.7m $155.5m | Added +42.4k |
| CIBC Asset Management Inc 0.34% of their portfolio | 14.7m $155.3m | Reduced -937.7k |
| TD Waterhouse Canada Inc. 0.40% of their portfolio | 14.4m $151.6m | Reduced -6.1m |
| Fiera Capital Corp 0.54% of their portfolio | 14.2m $149.9m | Reduced -2.1m |
| SCOTIA CAPITAL INC. 0.52% of their portfolio | 13.2m $139.8m | Reduced -3.7m |
| FIRST TRUST ADVISORS LP 0.08% of their portfolio | 12.5m $131.7m | Added +2.6m |
| Vanguard Global Advisers, LLC 0.06% of their portfolio | 11.9m $125.8m | Added +1.1m |
| LETKO, BROSSEAU & ASSOCIATES INC 1.60% of their portfolio | 10.2m $108.1m | Added +2.8m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.08% of their portfolio | 9.5m $100.5m | Reduced -14.6m |
| TORONTO DOMINION BANK 0.15% of their portfolio | 8.3m $88.0m | Added +2.0m |
| TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio | 8.2m $86.3m | Added +2.3m |
| 1832 Asset Management L.P. 0.10% of their portfolio | 8.0m $85.0m | Reduced -16.8m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 7.1m $75.1m | Added +4.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 7.0m $81.3m | Added +708.1k |
| SIG North Trading, ULC 12.80% of their portfolio | 6.6m $70.1m | Reduced -2.0m |
| NORGES BANK 0.01% of their portfolio | 6.5m $69.1m | Not comparable |
| Jupiter Topco LLC 0.03% of their portfolio | 6.5m $68.5m | First filing |
| BARCLAYS PLC 0.02% of their portfolio | 6.0m $63.0m | Added +1.9m |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 5.9m $62.0m | Added +3.8m |
| Clearbridge Investments, LLC 0.05% of their portfolio | 5.8m $61.8m | Added +678.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 4.9m $52.7m | Reduced -570.0k |
| Quadrature Capital Ltd 0.44% of their portfolio | 4.9m $51.6m | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.04% of their portfolio | 4.8m $51.0m | Added +363.1k |
| INTACT INVESTMENT MANAGEMENT INC. 1.40% of their portfolio | 4.6m $49.2m | Added +514.6k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 4.6m $48.8m | Added +79.7k |
| Scheer, Rowlett & Associates Investment Management Ltd. 3.07% of their portfolio | 4.0m $42.8m | Added +769.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 3.9m $41.5m | New |
| Invesco Ltd. 0.00% of their portfolio | 3.7m $38.8m | Reduced -8.5m |
| UBS Group AG 0.00% of their portfolio | 3.0m $31.3m | Reduced -1.6m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 2.9m $30.8m | Reduced -3.5m |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.38% of their portfolio | 2.7m $40.0m | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 2.6m $27.0m | Added +308.6k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 2.4m $25.1m | Added +2.1m |
| MUFG SECURITIES (CANADA), LTD. 0.63% of their portfolio | 2.2m $23.3m | Added +63.0k |
| Purpose Unlimited Inc. 0.86% of their portfolio | 2.1m $22.5m | Added +68.3k |
| BANK OF NOVA SCOTIA TRUST CO 1.84% of their portfolio | 2.1m $22.3m | Reduced -258.9k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 2.87% of their portfolio | 2.0m $29.3m | Reduced -151.7k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.13% of their portfolio | 1.9m $20.2m | Added +600.1k |
| Public Sector Pension Investment Board 0.05% of their portfolio | 1.7m $18.5m | Added +281.0k |
| Swiss National Bank 0.01% of their portfolio | 1.7m $17.6m | Reduced -49.3k |
| Harvest Portfolios Group Inc. 0.24% of their portfolio | 1.6m $17.2m | Added +573.1k |
| Amundi 0.00% of their portfolio | 1.5m $16.2m | Reduced -26.5k |
| Heathbridge Capital Management Ltd. 5.29% of their portfolio | 1.5m $15.5m | Added +310.2k |
| NATIXIS 0.07% of their portfolio | 1.4m $15.3m | Added +352.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.4m $14.4m | Added +426.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 1.3m $14.1m | Reduced -18.6k |
| Man Group plc 0.03% of their portfolio | 1.3m $13.7m | Added +897.2k |
| CITIGROUP INC 0.01% of their portfolio | 1.1m $11.9m | Added +511.6k |
| Northwest & Ethical Investments L.P. 0.23% of their portfolio | 954.1k $10.1m | Added +200.9k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 937.9k $9.9m | Reduced -916.5k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 895.7k $9.5m | Added +540.1k |
| Vest Financial, LLC 0.10% of their portfolio | 859.1k $9.1m | Added +401.0k |
| State of Tennessee, Department of Treasury 0.03% of their portfolio | 817.6k $8.6m | Added +26.0k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 757.7k $8.0m | Added +72.6k |
| Quantinno Capital Management LP 0.01% of their portfolio | 701.6k $7.4m | Added +341.4k |
| APG Asset Management N.V. 0.02% of their portfolio | 683.9k $6.3m | Reduced -72.3k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 636.3k $6.7m | Reduced -437.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 529.9k $5.6m | Added +37.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio | 522.1k $5.5m | Added +28.3k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 456.1k $4.8m | Reduced -41.4k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 442.9k $4.7m | Added +56.1k |
| AVIVA PLC 0.01% of their portfolio | 433.1k $4.6m | Added +7.3k |
| PDT Partners, LLC 0.24% of their portfolio | 424.6k $4.5m | Added +171.5k |
| Alberta Investment Management Corp 0.03% of their portfolio | 422.7k $4.5m | Reduced -1.0m |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 403.1k $5.2m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 402.6k $4.3m | Reduced -214.6k |
| Nuveen, LLC 0.00% of their portfolio | 400.9k $4.2m | Added +9.5k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 398.3k $4.2m | Added +105.5k |
| Lorne Steinberg Wealth Management Inc. 0.86% of their portfolio | 394.0k $4.2m | New |
| HRT FINANCIAL LP 0.01% of their portfolio | 363.4k $3.8m | Added +181.1k |
| ExodusPoint Capital Management, LP 0.04% of their portfolio | 361.9k $3.8m | Added +339.4k |
| FMR LLC 0.00% of their portfolio | 358.9k $3.8m | Reduced -306.7k |
| GABELLI FUNDS LLC 0.02% of their portfolio | 342.0k $3.6m | Reduced -35.0k |
| Guardian Partners Inc. 0.30% of their portfolio | 309.1k $3.3m | Reduced -87.7k |
| BlackRock, Inc. 0.00% of their portfolio | 291.3k $3.1m | Reduced -1.8m |
| USS Investment Management Ltd 0.01% of their portfolio | 274.6k $2.9m | Added +6.4k |
| Claret Asset Management Corp 0.30% of their portfolio | 261.2k $2.8m | Reduced -3.4k |
| Vanguard Investments Australia, Ltd. 0.01% of their portfolio | 258.4k $2.7m | Unchanged |
| Capital World Investors 0.00% of their portfolio | 251.3k $2.7m | Added +4.0k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 237.9k $2.5m | Added +4.1k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 237.1k $2.5m | Reduced -15.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 230.9k $2.4m | Added +89.8k |
| Trexquant Investment LP 0.02% of their portfolio | 229.8k $2.4m | Reduced -43.2k |
| Investment Management Corp of Ontario 0.03% of their portfolio | 222.9k $2.4m | Reduced -2.3k |
| DKRT Investments Corp. 0.52% of their portfolio | 200.0k $2.1m | Unchanged |
| PensionDanmark Pensionsforsikringsaktieselskab 0.02% of their portfolio | 199.1k $2.1m | Added +86.3k |
| LPL Financial LLC 0.00% of their portfolio | 191.6k $2.0m | Reduced -176.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 189.3k $2.0m | Added +2.1k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 188.2k $2.0m | Reduced -8.7k |
| Cardinal Point Capital Management ULC 0.11% of their portfolio | 178.9k $1.9m | Added +4.5k |