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2,859 hedge funds and large institutions have $138B invested in AT&T in 2025 Q1 according to their latest regulatory filings, with 338 funds opening new positions, 1,093 increasing their positions, 1,174 reducing their positions, and 113 closing their positions.

New
Increased
Maintained
Reduced
Closed

199% more first-time investments, than exits

New positions opened: 338 | Existing positions closed: 113

38% more call options, than puts

Call options by funds: $1.62B | Put options by funds: $1.17B

32% more capital invested

Capital invested by funds: $105B → $138B (+$33.7B)

26% more funds holding in top 10

Funds holding in top 10: 6278 (+16)

7% more funds holding

Funds holding: 2,6772,859 (+182)

1.8% more ownership

Funds ownership: 62.86%64.66% (+1.8%)

7% less repeat investments, than reductions

Existing positions increased: 1,093 | Existing positions reduced: 1,174

Holders
2,859
Holders Change
+182
Holders Change %
+6.8%
% of All Funds
38.33%
Holding in Top 10
78
Holding in Top 10 Change
+16
Holding in Top 10 Change %
+25.81%
% of All Funds
1.05%
New
338
Increased
1,093
Reduced
1,174
Closed
113
Calls
$1.62B
Puts
$1.17B
Net Calls
+$442M
Net Calls Change
+$225M
Name Holding Trade Value Shares
Change
Change in
Stake
Mitsubishi UFJ Asset Management
51
Mitsubishi UFJ Asset Management
Japan
$362M +$35.2M +1,398,749 +12%
Bank of Montreal
52
Bank of Montreal
Ontario, Canada
$341M -$25.7M -1,021,450 -8%
OTPPB
53
Ontario Teachers' Pension Plan Board
Ontario, Canada
$338M +$300M +11,920,392 +30,528%
Allianz Asset Management
54
Allianz Asset Management
Germany
$335M -$118M -4,693,157 -28%
Citigroup
55
Citigroup
New York
$333M +$193M +7,685,891 +189%
Russell Investments Group
56
Russell Investments Group
United Kingdom
$325M -$13.5M -537,535 -4%
Wellington Management Group
57
Wellington Management Group
Massachusetts
$321M +$222M +8,841,126 +350%
California State Teachers Retirement System (CalSTRS)
58
California State Teachers Retirement System (CalSTRS)
California
$318M -$983K -39,093 -0.3%
Robeco Institutional Asset Management
59
Robeco Institutional Asset Management
Netherlands
$313M -$16.1M -641,739 -5%
Caisse de Depot et Placement du Quebec (CDPQ)
60
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$309M +$21.1M +841,017 +8%
LPL Financial
61
LPL Financial
California
$291M +$3.1M +123,447 +1%
AssetMark Inc
62
AssetMark Inc
California
$290M +$8.34M +331,554 +3%
Canada Life
63
Canada Life
Manitoba, Canada
$284M +$12M +477,605 +5%
BGIM
64
Brandywine Global Investment Management
Pennsylvania
$276M -$16.1M -638,667 -6%
Mackenzie Financial
65
Mackenzie Financial
Ontario, Canada
$262M +$50.8M +2,018,961 +28%
A
66
AustralianSuper
Australia
$262M
Canada Pension Plan Investment Board
67
Canada Pension Plan Investment Board
Ontario, Canada
$261M +$45M +1,789,166 +24%
Federated Hermes
68
Federated Hermes
Pennsylvania
$258M -$65.6M -2,609,738 -22%
Acadian Asset Management
69
Acadian Asset Management
Massachusetts
$257M +$188M +7,473,804 +465%
National Bank of Canada
70
National Bank of Canada
Quebec, Canada
$250M +$72.2M +2,869,215 +48%
New York State Common Retirement Fund
71
New York State Common Retirement Fund
New York
$242M -$5.93M -235,624 -3%
Macquarie Group
72
Macquarie Group
Australia
$241M -$44M -1,750,167 -17%
Principal Financial Group
73
Principal Financial Group
Iowa
$234M -$746K -29,674 -0.4%
Holocene Advisors
74
Holocene Advisors
New York
$229M +$204M +8,094,229 New
Alyeska Investment Group
75
Alyeska Investment Group
Illinois
$217M +$193M +7,682,735 New

T Hedge Fund Activity: Q1 2025 in Review

2,859 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in AT&T (T) for Q1 2025, worth a combined $138B — up 32% from $105B a quarter earlier.

Buyers outnumbered sellers: 338 funds opened new T positions and 113 closed out — a net gain of 225 holders — while 1,093 added to existing stakes and 1,174 trimmed.

The largest buyer was Bank of America, adding an estimated $1.14B. The largest seller was Arrowstreet Capital, cutting an estimated $632M.

  • 2,859 institutional investors held AT&T (T) as of Q1 2025, up from 2,677 in Q4 2024.
  • Funds reported $138B of AT&T stock for Q1 2025, up 32% quarter-over-quarter.
  • 338 funds opened new AT&T positions in Q1 2025 and 113 closed out, a net change of +225 holders.
  • The largest AT&T buyer in Q1 2025 was Bank of America, an estimated $1.14B added.
  • The largest AT&T seller in Q1 2025 was Arrowstreet Capital, an estimated $632M sold.

Based on aggregated 13F filings for Q1 2025.