2,797 hedge funds and large institutions have $115B invested in AT&T in 2025 Q4 according to their latest regulatory filings, with 272 funds opening new positions, 1,031 increasing their positions, 1,255 reducing their positions, and 242 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

Call options by funds: $ | Put options by funds: $

more first-time investments, than exits

New positions opened: | Existing positions closed:

more ownership

Funds ownership:

less funds holding

Funds holding:

11% less capital invested

Capital invested by funds: $129B → $115B (-$14.4B)

18% less repeat investments, than reductions

Existing positions increased: 1,031 | Existing positions reduced: 1,255

38% less funds holding in top 10

Funds holding in top 10: 4226 (-16)

Holders
2,797
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
26
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$1.2B
Puts
$1.04B
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CWA
1976
CJM Wealth Advisers
Virginia
$334K
SIC
1977
Sigma Investment Counselors
Michigan
$334K
PAG
1978
Powers Advisory Group
Illinois
$334K
CWP
1979
CFM Wealth Partners
Texas
$334K
TPWA
1980
Twin Peaks Wealth Advisors
California
$332K
TWM
1981
TCFG Wealth Management
California
$332K
IP
1982
Intellectus Partners
California
$332K
CS
1983
Cannell & Spears
New York
$331K
PPW
1984
Parcion Private Wealth
Washington
$330K
WCM
1985
Windsor Capital Management
Arizona
$330K
NI
1986
NDVR Inc
Massachusetts
$330K
ISFAN
1987
Investor's Fiduciary Advisor Network
Washington
$329K
TPWM
1988
Twelve Points Wealth Management
Massachusetts
$329K
CIA
1989
Cohen Investment Advisors
New Hampshire
$328K
HW
1990
HORAN Wealth
Ohio
$327K
GG
1991
GenWealth Group
New Jersey
$326K
OAM
1992
Oak Asset Management
California
$326K
LFS
1993
Legacy Financial Strategies
Kansas
$326K
ClearBridge Investments
1994
ClearBridge Investments
New York
$324K
CB
1995
CNB Bank
Pennsylvania
$324K
SFS
1996
Symphony Financial Services
Ohio
$323K
ISWM
1997
Independent Solutions Wealth Management
New York
$323K
FFG
1998
Frisch Financial Group
New York
$323K
GWM
1999
GSB Wealth Management
Connecticut
$323K
FCA
2000
Fortis Capital Advisors
Kansas
$322K