AT&T

T • NYSE

AT&T is a telecommunications services company in the communication services sector on NYSE, led by John T. Stankey, with a market cap of $168.23B. As of Q3 2025, 64% of shares are held by 2,776 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.24%.

CEOJohn T. Stankey

Market Cap$168.23B

Telecommunications Services

Communication Services

Employees160.7K

Websiteatt.com

Country

United States of America

Overview

Overview of institutional ownership in T as of Q3 2025 with a market cap of $201.93B

All Institutions

Institutions: 2,776
Value Held: $128.54B
Shares Held: 4.56B
Avg Position: $46.3M
Median Position: $825.2K

Hedge Funds

Hedge Funds: 105
Value Held: $3.2B
Shares Held: 112.2M
Avg Position: $30.1M
Median Position: $2.8M

Ownership Breakdown

Institutional (non-HF)

62.09%

$125.38B

Hedge Funds

1.57%

$3.2B

Retail & Other

36.34%

$73.4B

Based on market cap of $201.93B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in T as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$18.7B 0.28% of portfolio	9.24% 660.5M shares	≤ Q2 2013 Held for 12y 6m+	$6.69T
BlackRock, Inc. Institution	Laurence D. Fink CEO	$16.2B 0.29% of portfolio	8.04% 575.0M shares	≤ Q2 2013 Held for 12y 6m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$9.1B 0.32% of portfolio	4.53% 323.8M shares	≤ Q2 2013 Held for 12y 6m+	$2.88T
N Newport Trust Co Institution	-	$5.2B 11.92% of portfolio	2.59% 185.3M shares	Q4 2017 Held for 8 years	$43.9B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$4.9B 0.31% of portfolio	2.43% 174.0M shares	≤ Q2 2013 Held for 12y 6m+	$1.57T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$3.3B 0.24% of portfolio	1.62% 115.6M shares	≤ Q2 2013 Held for 12y 6m+	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$3.1B 0.19% of portfolio	1.54% 109.8M shares	≤ Q2 2013 Held for 12y 6m+	$1.65T
GQG Partners LLC Long Only Manager	Timothy Jacob Carver CEO	$3.0B 4.63% of portfolio	1.49% 106.8M shares	Q3 2024 Held for 1y 3m	$65.1B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$2.6B 0.16% of portfolio	1.27% 90.9M shares	≤ Q2 2013 Held for 12y 6m+	$1.56T
Bank of New York Mellon Corp Institution	Robin Vince CEO	$2.2B 0.39% of portfolio	1.08% 77.3M shares	Q1 2011 Held for 14y 9m	$556.34B

Net Capital Flow

Institutional buying and selling activity for T in Q3 2025

Traded: −$5.7B
Buyers: 1,338
Sellers: 1,292
Total Bought: +$4.6B
Total Sold: −$10.3B
Avg Position: $44.0M

Biggest Buyers

Institution	Net Bought	Current Position
JPMORGAN CHASE & CO Institution	+$642.8M +22.8M shares	$2.6B 90.9M shares
A Amundi Institution	+$440.8M +17.0M shares	$1.1B 42.3M shares
BANK OF AMERICA CORP /DE/ Institution	+$362.2M +12.8M shares	$3.3B 115.6M shares
BlackRock, Inc. Institution	+$345.2M +12.2M shares	$16.2B 575.0M shares
Woodline Partners LP Hedge Fund•Long/Short	+$204.7M +7.2M shares	$226.7M 8.0M shares
Q Qube Research & Technologies Ltd Institution	+$167.7M +5.9M shares	$167.7M 5.9M shares
C CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM Institution	+$130.3M +4.6M shares	$691.1M 24.5M shares
Invesco Ltd. ETF Provider	+$129.5M +4.6M shares	$1.6B 57.8M shares
C CANADA PENSION PLAN INVESTMENT BOARD Institution	+$110.2M +3.9M shares	$358.9M 12.7M shares
D D. E. Shaw & Co., Inc. Institution	+$107.3M +3.8M shares	$260.8M 9.2M shares

Biggest Sellers

Institution	Net Sold	Current Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	−$5.3B −182.0M shares	Sold Off 0 shares
D DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Institution	−$333.7M −11.8M shares	$188.3M 6.7M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$266.4M −9.4M shares	$1.4B 49.9M shares
Marshall Wace LLP Institution	−$235.4M −8.1M shares	Sold Off 0 shares
GQG Partners LLC Long Only Manager	−$227.4M −8.1M shares	$3.0B 106.8M shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$202.7M −7.2M shares	$255.2M 9.0M shares
A AustralianSuper Pty Ltd Institution	−$199.1M −7.1M shares	$62.4M 2.2M shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$170.8M −6.0M shares	$74.0M 2.6M shares
FEDERATED INVESTORS INC /PA/ Long Only Manager	−$164.0M −5.8M shares	$50.8M 1.8M shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$144.9M −5.1M shares	$1.5B 51.4M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited T in Q3 2025

New Positions: 52
New Value: $53.1M
Exited Positions: 145
Exited Value: $5.9B

New Positions

Institution	Position Value
M Mondrian Capital Management, LLC Hedge Fund•Long/Short	$12.7M 449.7K shares
Polar Capital Holdings Plc Long Only Manager	$11.9M 419.7K shares
B BDF-GESTION Institution	$4.1M 145.2K shares
T TEMA ETFS LLC Institution	$3.9M 136.9K shares
G Genus Capital Management Inc. Institution	$3.8M 134.6K shares
LEE JOHNSON CAPITAL MANAGEMENT, LLC RIA/Wealth	$2.5M 89.1K shares
1 111 Capital Institution	$1.7M 59.4K shares
A ABC ARBITRAGE SA Institution	$1.1M 37.6K shares
ARVEST INVESTMENTS, INC. RIA/Wealth	$632.9K 22.4K shares
P Polymer Capital Management LLC Hedge Fund•Multi-Strategy	$617.1K 21.9K shares

Exited Positions

Institution	Previous Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	$5.3B 182.0M shares
Marshall Wace LLP Institution	$235.4M 8.1M shares
I Ilex Capital Partners LLP Institution	$75.2M 2.6M shares
Benchstone Capital Management LP Hedge Fund•Long/Short	$48.2M 1.7M shares
M Meridiem Capital Partners LP Hedge Fund•Long/Short	$43.5M 1.5M shares
A AXA Institution	$29.9M 1.0M shares
H Hook Mill Capital Partners, LP Institution	$19.3M 665.9K shares
SORA INVESTORS LLC Hedge Fund•Long/Short	$15.2M 525.7K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$14.6M 504.6K shares
A ANTIPODES PARTNERS Ltd Hedge Fund•Long/Short	$9.4M 324.8K shares

Options Activity

Institutions with the largest Call and Put options positions in T as of Q3 2025

Call Positions: 51
Call Value: $1.1B
Put Positions: 49
Put Value: $1.1B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$361.0M 127.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$185.7M 65.7K contracts
J JANE STREET GROUP, LLC Institution	$104.6M 37.0K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$65.0M 23.0K contracts
D D. E. Shaw & Co., Inc. Institution	$40.0M 14.2K contracts
BANK OF AMERICA CORP /DE/ Institution	$35.8M 12.7K contracts
W WOLVERINE TRADING, LLC Institution	$32.4M 11.5K contracts
Q Qube Research & Technologies Ltd Institution	$31.4M 11.1K contracts
UBS Group AG Institution	$29.1M 10.3K contracts
R ROYAL BANK OF CANADA Institution	$28.2M 10.0K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$406.0M 143.8K contracts
CITIGROUP INC Institution	$119.1M 42.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$100.0M 35.4K contracts
Q Qube Research & Technologies Ltd Institution	$54.4M 19.3K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$53.9M 19.1K contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$42.7M 151.4 contracts
J JANE STREET GROUP, LLC Institution	$38.7M 13.7K contracts
UBS Group AG Institution	$35.3M 12.5K contracts
BANK OF AMERICA CORP /DE/ Institution	$34.5M 12.2K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$31.8M 11.3K contracts

Most Committed Institutions

Institutions with T as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
M MEDIATEL PARTNERS Institution	-	85.67% $26.4M	0.01% 935.3K shares	≤ Q2 2013 Held for 12y 6m+	$30.8M
Drexel Morgan & Co. RIA/Wealth	George Washington Connell CEO	18.29% $116.4M	0.06% 4.1M shares	≤ Q2 2013 Held for 12y 6m+	$636.7M
N Newport Trust Co Institution	-	11.92% $5.2B	2.59% 185.3M shares	Q4 2017 Held for 8 years	$43.9B
IVY LANE CAPITAL MANAGEMENT, LLC Hedge Fund•Value	Robert Waldemar Koehn Managing Partner	11.84% $10.6M	0.01% 375.0K shares	Q4 2023 Held for 2 years	$89.4M
THORNBURG INVESTMENT MANAGEMENT INC Long Only Manager	Mark Joseph Zinkula CEO	10.43% $797.9M	0.40% 28.3M shares	Q4 2023 Held for 2 years	$7.6B
DeepCurrents Investment Group LLC Hedge Fund•Multi-Strategy	Kai Zheng President	9.14% $3.7M	0.00% 235.6K shares	Q4 2024 Held for 1 year	$40.6M
H Hall Kathryn A. Institution	-	8.24% $15.3M	0.01% 541.4K shares	Q4 2020 Held for 5 years	$185.5M
Oribel Capital Management, LP Hedge Fund•Long/Short	Charles Ignazio Leone CFO	6.30% $78.3M	0.04% 2.8M shares	Q4 2024 Held for 1 year	$1.2B
GQG Partners LLC Long Only Manager	Timothy Jacob Carver CEO	4.63% $3.0B	1.49% 106.8M shares	Q3 2024 Held for 1y 3m	$65.1B
Bruce & Co., Inc. Long Only Manager	Robert Jeffrey Bruce President	4.57% $14.8M	0.01% 523.0K shares	Q1 2022 Held for 3y 9m	$322.9M

Hedge Fund Spotlight

Discover hedge funds investing in T

EAGLE GLOBAL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerEdward Rudge Allen

Portfolio Value: $2.6B
Positions: 275
Last Reported: Q3 2025

Sector Allocation

Position in AT&T

Market Value: $303.2K
Shares Held: 10.7K
Portfolio Weight: 0.01%
Owned Since: 2024-Q4

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