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2,862 hedge funds and large institutions have $129B invested in AT&T in 2025 Q3 according to their latest regulatory filings, with 173 funds opening new positions, 1,205 increasing their positions, 1,182 reducing their positions, and 148 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more first-time investments, than exits

New positions opened: 173 | Existing positions closed: 148

5% more call options, than puts

Call options by funds: $1.34B | Put options by funds: $1.28B

2% more repeat investments, than reductions

Existing positions increased: 1,205 | Existing positions reduced: 1,182

1% less funds holding

Funds holding: 2,8812,862 (-19)

0.88% less ownership

Funds ownership: 64.97%64.09% (-0.88%)

5% less capital invested

Capital invested by funds: $136B → $129B (-$6.54B)

24% less funds holding in top 10

Funds holding in top 10: 5542 (-13)

Holders
2,862
Holders Change
-19
Holders Change %
-0.66%
% of All Funds
37.56%
Holding in Top 10
42
Holding in Top 10 Change
-13
Holding in Top 10 Change %
-23.64%
% of All Funds
0.55%
New
173
Increased
1,205
Reduced
1,182
Closed
148
Calls
$1.34B
Puts
$1.28B
Net Calls
+$58M
Net Calls Change
-$196M
Name Holding Trade Value Shares
Change
Change in
Stake
TWC
226
TD Waterhouse Canada
Ontario, Canada
$36.7M +$1.68M +59,134 +5%
Walleye Capital
227
Walleye Capital
New York
$36.7M -$38.2M -1,346,909 -51%
BBVA
228
Banco Bilbao Vizcaya Argentaria
Spain
$36.6M +$996K +35,058 +3%
N
229
Natixis
France
$35.9M -$8M -281,558 -18%
AL
230
Arnhold LLC
New York
$35.6M -$305K -10,746 -0.8%
Los Angeles Capital Management
231
Los Angeles Capital Management
California
$35.1M -$53.9M -1,898,552 -60%
BFM
232
Boothbay Fund Management
New York
$34.9M -$3.07M -108,193 -8%
SPIA
233
Steward Partners Investment Advisory
New York
$34.8M +$1.56M +55,104 +5%
ProShare Advisors
234
ProShare Advisors
Maryland
$34.6M -$781K -27,501 -2%
Jones Financial Companies
235
Jones Financial Companies
Missouri
$34.5M +$4.41M +155,340 +15%
TG
236
TCW Group
California
$34.3M -$29.7M -1,047,279 -46%
ARAM
237
Ardmore Road Asset Management
New York
$33.9M -$36.9M -1,300,000 -52%
VMPIC
238
Varma Mutual Pension Insurance Co
Finland
$33.8M +$2.76M +97,200 +9%
EDRH
239
Edmond de Rothschild Holding
Switzerland
$33.6M +$867K +30,538 +3%
VI
240
Vestcor Inc
New Brunswick, Canada
$33.2M -$1.22M -42,835 -4%
KeyBank National Association
241
KeyBank National Association
Ohio
$33.1M -$275K -9,698 -0.8%
P
242
&Partners
Tennessee
$33M +$3.1M +109,180 +10%
Man Group
243
Man Group
United Kingdom
$32.8M +$28.9M +1,018,109 +716%
URS
244
Utah Retirement Systems
Utah
$32.7M -$833K -29,332 -2%
Thrivent Financial for Lutherans
245
Thrivent Financial for Lutherans
Minnesota
$32.5M +$3.57M +125,568 +12%
GAM
246
Gotham Asset Management
New York
$32M -$124K -4,370 -0.4%
UIM
247
USS Investment Management
United Kingdom
$32M
PFSRSONJ
248
Police & Firemen's Retirement System of New Jersey
New Jersey
$31.9M +$1.8M +63,526 +6%
ZIC
249
ZWJ Investment Counsel
Georgia
$31.6M -$960K -33,811 -3%
EAM
250
Erste Asset Management
Austria
$31.3M -$2.63M -92,620 -8%

T Hedge Fund Activity: Q3 2025 in Review

2,862 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in AT&T (T) for Q3 2025, worth a combined $129B — down 4.8% from $136B a quarter earlier.

Buyers outnumbered sellers: 173 funds opened new T positions and 148 closed out — a net gain of 25 holders — while 1,205 added to existing stakes and 1,182 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $646M. The largest seller was DZ Bank, cutting an estimated $336M.

  • 2,862 institutional investors held AT&T (T) as of Q3 2025, down from 2,881 in Q2 2025.
  • Funds reported $129B of AT&T stock for Q3 2025, down 4.8% quarter-over-quarter.
  • 173 funds opened new AT&T positions in Q3 2025 and 148 closed out, a net change of +25 holders.
  • The largest AT&T buyer in Q3 2025 was JP Morgan Chase, an estimated $646M added.
  • The largest AT&T seller in Q3 2025 was DZ Bank, an estimated $336M sold.

Based on aggregated 13F filings for Q3 2025.