Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

AT&T INC (T)

3K + Investors. Track Smart Money conviction in T. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -4
Streak
2Q ▼
Buyers last Q
46%

Smart Money Signals — T

Based on 2620 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their T positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (99% of max)

99% of all-time peak
2,620 hedge funds hold T right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +7% more funds vs a year ago

fund count last 6Q
+182 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 46% buying

1253 buying1470 selling
Last quarter: 1,470 funds reduced or exited vs 1,253 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+121 vs last Q)

new funds entering per quarter
Funds opening a new T position: 331 → 206 → 159 → 280. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

75% of holders stayed for 2+ years

■ 75% conviction (2yr+) ■ 15% medium ■ 10% new
1,956 out of 2,620 hedge funds have held T for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +1%, value -24%

Value
-23%
Shares
+1%
Last quarter: funds added +1% more shares while total portfolio value only changed -24%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

287 → 331 → 206 → 159 → 280 new funds/Q
New funds entering each quarter: 331 → 206 → 159 → 280. T is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 74% of holders stayed 2+ years

■ 74% veterans ■ 9% 1-2yr ■ 16% new
Of 2,689 current holders: 1,991 (74%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 56% AUM from top-100 funds

56% from top-100 AUM funds
45 of 2620 holders are among the 100 largest funds by AUM, controlling 56% of total institutional value in T. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — T

In 2025 Q4, 1253 hedge funds were net buyers of T (280 opened a new position, 973 added to an existing one), while 1470 reduced or exited (1186 trimmed, 284 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 56% of total institutional value in T is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 2620.

Hedge Fund Ownership: T

How many hedge funds hold T — quarterly history vs. share price
Quarterly hedge fund ownership of T vs. share price

Market Analysis: T

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: T

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

193 top-rated funds 24 high-conviction
Consensus
9.9
/ 10
breadth
×
Elite
4.7
/ 10
conviction
Hedge Fund Positioning: T
2026 Q1 Stats Unlock in 5 days 3K + Investors

Track Smart Money conviction in T. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 2689 2703 -0.52%
13F Shares 4.61B 4.56B 0.96%
Total Value $114.51B $150.26B -23.79%
New Positions 285 160 +125
Increased Positions 1072 1239 -167
Closed Positions 292 199 +93
Reduced Positions 1283 1219 +64
Total Calls 34 42 -19.05%
Total Puts 37 40 -7.5%
PUT/CALL Ratio 1.09 0.95 Neutral

Statistics: T

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Short % of Float --

Financial Highlights

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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

3K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in T. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of T — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 MEDIATEL PARTNERS 81.36% 935,304 $27.1M
2 Trium Capital LLP 25.34% 893,000 $36.0M
3 Drexel Morgan & Co. 18.38% 4,323,320 $125.3M
4 BOOTHBAY FUND MANAGEMENT, LLC 17.81% 47,400,000 $1.37B
5 Newport Trust Company, LLC 12.77% 179,474,938 $5.20B
6 IVY LANE CAPITAL MANAGEMENT, LLC 12.27% 280,000 $8.1M
7 THORNBURG INVESTMENT MANAGEMENT INC 9.34% 31,045,244 $900.0M
8 Hall Kathryn A. 8.24% 541,379 $15.3M
9 Varenne Capital Partners 5.87% 833,993 $24.3M
10 DigitalBridge Group, Inc. 5.45% 2,980,032 $86.4M
11 Bruce & Co., Inc. 4.34% 523,000 $15.2M
12 Tiptree Advisors, LLC 4.29% 254,700 $7.4M
13 Maytus Capital Management, LLC 4.21% 816,145 $23.7M
14 Windle Wealth, LLC 4.17% 340,108 $9.9M
15 MORGAN DEMPSEY CAPITAL MANAGEMENT LLC 3.76% 285,012 $8.3M
16 GQG Partners LLC 3.74% 81,353,084 $2.36B
17 Huber Capital Management LLC 3.63% 810,725 $23.5M
18 Meridiem Capital Partners LP 3.54% 1,872,354 $54.3M
19 Griffith & Werner, Inc. 3.51% 244,066 $7.1M
20 Quintet Private Bank (Europe) S.A. 3.46% 1,782,262 $51.7M
21 LIBERTY ONE INVESTMENT MANAGEMENT, LLC 3.05% 1,020,627 $29.6M
22 EDGAR LOMAX CO/VA 2.97% 1,434,213 $41.6M
23 SKBA CAPITAL MANAGEMENT LLC 2.92% 733,880 $21.3M
24 Arnhold LLC 2.86% 1,341,312 $38.9M
25 Triodos Investment Management BV 2.83% 1,290,265 $37.4M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — AT&T INC (T)

What does the Smart Money Trend signal show for T?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their T positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for T?

More sellers than buyers — 46% buying: Last quarter: 1,470 funds reduced or exited vs 1,253 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for T holders?

Elite ownership — 56% AUM from top-100 funds: 45 of 2620 holders are among the 100 largest funds by AUM, controlling 56% of total institutional value in T. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held T?

75% of holders stayed for 2+ years: 1,956 out of 2,620 hedge funds have held T for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.