AT&T
2,862 hedge funds and large institutions have $115B invested in AT&T in 2025 Q4 according to their latest regulatory filings, with 306 funds opening new positions, 1,044 increasing their positions, 1,268 reducing their positions, and 248 closing their positions.
23% more first-time investments, than exits
New positions opened: 306 | Existing positions closed: 248
17% more call options, than puts
Call options by funds: $1.22B | Put options by funds: $1.04B
1.35% more ownership
Funds ownership: 64.09% → 65.44% (+1.3%)
0% less funds holding
Funds holding: 2,869 → 2,862 (-7)
11% less capital invested
Capital invested by funds: $129B → $115B (-$14.1B)
18% less repeat investments, than reductions
Existing positions increased: 1,044 | Existing positions reduced: 1,268
36% less funds holding in top 10
Funds holding in top 10: 42 → 27 (-15)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$525M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$378M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
+$259M |
| 4 |
State Street
Boston,
Massachusetts
|
+$210M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$210M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$526M |
| 2 |
JP Morgan Chase
New York
|
-$467M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$380M |
| 4 |
Bank of New York Mellon
New York
|
-$322M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$303M |
T Hedge Fund Activity: Q4 2025 in Review
2,862 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in AT&T (T) for Q4 2025, worth a combined $115B — down 11% from $129B a quarter earlier.
Buyers outnumbered sellers: 306 funds opened new T positions and 248 closed out — a net gain of 58 holders — while 1,044 added to existing stakes and 1,268 trimmed.
The largest buyer was D.E. Shaw & Co, adding an estimated $525M. The largest seller was GQG Partners, cutting an estimated $526M.
- 2,862 institutional investors held AT&T (T) as of Q4 2025, down from 2,869 in Q3 2025.
- Funds reported $115B of AT&T stock for Q4 2025, down 11% quarter-over-quarter.
- 306 funds opened new AT&T positions in Q4 2025 and 248 closed out, a net change of +58 holders.
- The largest AT&T buyer in Q4 2025 was D.E. Shaw & Co, an estimated $525M added.
- The largest AT&T seller in Q4 2025 was GQG Partners, an estimated $526M sold.
Based on aggregated 13F filings for Q4 2025.