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AT&T
T

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: 2,881 → 2,862 (-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: 55 → 42 (-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

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$646M
2
Amundi
Amundi
France
+$484M
3
Bank of America
Bank of America
North Carolina
+$364M
4
BlackRock
BlackRock
New York
+$347M
5
WP
Woodline Partners
California
+$206M

Top Sellers

Rank Fund Capital Flow
1
DZ Bank
DZ Bank
Germany
-$336M
2
UBS AM
UBS AM
Illinois
-$268M
3
Marshall Wace
Marshall Wace
United Kingdom
-$235M
4
GQG Partners
GQG Partners
Florida
-$229M
5
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$204M
Name Holding Trade Value Shares
Change 		Change in
Stake
TIM
26
Thornburg Investment Management
New Mexico
$798M +$22M +773,022 +3%
UBS Group
27
UBS Group
Switzerland
$792M +$73.6M +2,591,038 +10%
Deutsche Bank
28
Deutsche Bank
Germany
$768M -$16.4M -579,235 -2%
T. Rowe Price Associates
29
T. Rowe Price Associates
Maryland
$766M -$43.8M -1,542,097 -5%
California Public Employees Retirement System
30
California Public Employees Retirement System
California
$691M +$131M +4,613,259 +23%
State Farm Mutual Automobile Insurance
31
State Farm Mutual Automobile Insurance
Illinois
$682M – – –
LSV Asset Management
32
LSV Asset Management
Illinois
$647M -$29.5M -1,037,554 -4%
Barclays
33
Barclays
United Kingdom
$628M -$50.9M -1,793,025 -7%
Swiss National Bank
34
Swiss National Bank
Switzerland
$586M -$28M -986,900 -5%
Franklin Resources
35
Franklin Resources
California
$550M -$107M -3,767,610 -16%
Citadel Advisors
36
Citadel Advisors
Florida
$514M -$107M -3,778,247 -17%
Sumitomo Mitsui Trust Group
37
Sumitomo Mitsui Trust Group
Japan
$512M +$7.06M +248,567 +1%
HSBC Holdings
38
HSBC Holdings
United Kingdom
$511M +$65M +2,289,310 +14%
AllianceBernstein
39
AllianceBernstein
Tennessee
$484M -$6.32M -222,513 -1%
National Pension Service
40
National Pension Service
South Korea
$477M +$17.9M +631,764 +4%
Arrowstreet Capital
41
Arrowstreet Capital
Massachusetts
$476M +$50M +1,760,187 +12%
AQR Capital Management
42
AQR Capital Management
Connecticut
$456M +$22.9M +804,829 +5%
Pacer Advisors
43
Pacer Advisors
Pennsylvania
$422M -$51.8M -1,825,217 -11%
Envestnet Asset Management
44
Envestnet Asset Management
Illinois
$417M -$21.6M -762,279 -5%
Wells Fargo
45
Wells Fargo
California
$410M -$11.4M -399,746 -3%
Mitsubishi UFJ Asset Management
46
Mitsubishi UFJ Asset Management
Japan
$405M +$17.4M +611,135 +4%
Robeco Institutional Asset Management
47
Robeco Institutional Asset Management
Netherlands
$393M +$11.3M +397,027 +3%
Allianz Asset Management
48
Allianz Asset Management
Germany
$382M +$16.9M +595,737 +5%
Wellington Management Group
49
Wellington Management Group
Massachusetts
$375M +$19.2M +676,060 +5%
RhumbLine Advisers
50
RhumbLine Advisers
Massachusetts
$362M +$1.41M +49,727 +0.4%
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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.