T

T AT&T INC

2026Q2 · CUSIP 00206R102 · Sector: Media & Telecom

Funds left

Funds are exiting, but the price is holding

Funds that own it
2,687
Institutions that reported holding it to the SEC
Net decrease in holders
283
Last quarter 2,970 → now 2,687
How unusual is that
Bottom 20%
Among the weakest buying in the market
What the filings say, in one paragraph

2,687 funds held T at the end of 2026Q2, down 283 from the quarter before. Buying has faded, though the price is holding up. On the business itself, revenue over the last 12 months was $128.9B(YoY +3.5%), the P/E is 11.3x, return on equity is 10.7%. T has had 23 buying rushes in its history, and the price moved +0.6% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Media & Telecom sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=1329 2013Q4: holders=1449 2014Q1: holders=1465 2014Q2: holders=1474 2014Q3: holders=1457 2014Q4: holders=1562 2015Q1: holders=1554 2015Q2: holders=1583 2015Q3: holders=1636 2015Q4: holders=1684 2016Q1: holders=1745 2016Q2: holders=1786 2016Q3: holders=1774 2016Q4: holders=1847 2017Q1: holders=1850 2017Q2: holders=1854 2017Q3: holders=1852 2017Q4: holders=2051 2018Q1: holders=2047 2018Q2: holders=2187 2018Q3: holders=2134 2018Q4: holders=2220 2019Q1: holders=2203 2019Q2: holders=2200 2019Q3: holders=2240 2019Q4: holders=2476 2020Q1: holders=2396 2020Q2: holders=2392 2020Q3: holders=2349 2020Q4: holders=2526 2021Q1: holders=2528 2021Q2: holders=2494 2021Q3: holders=2424 2021Q4: holders=2471 2022Q1: holders=2451 2022Q2: holders=2345 2022Q3: holders=2271 2022Q4: holders=2378 2023Q1: holders=2365 2023Q2: holders=2367 2023Q3: holders=2273 2023Q4: holders=2430 2024Q1: holders=2402 2024Q2: holders=2382 2024Q3: holders=2422 2024Q4: holders=2660 2025Q1: holders=2841 2025Q2: holders=2868 2025Q3: holders=2845 2025Q4: holders=2847 2026Q1: holders=2970 2026Q2: holders=2687 -283 -141.5 +0 +141.5 +283 119621583119 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 23 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q1 Top 5% -15.8% +4.3%
2025Q2 Top 20% -6.6% -10.6%
2025Q1 Top 1% in the market +1.4% +4.5%
2024Q4 Top 1% in the market +8.8% +8.3%
2024Q3 Top 10% -1.4% +17.3%
2023Q4 Top 5% +3.8% +4.2%
2022Q4 Top 5% +0.7% -12.9%
2021Q4 Top 20% +0.2% +13.5%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
377
Change in large funds
+40
Total value they hold
$101.3B
Funds buying for the first time
169
Funds that sold out entirely
452
Price change that quarter
+2.4%
Funds holding puts (bearish)
42
Funds holding calls (bullish)
46

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

Fundamentals

PE (TTM)
11.3
EPS (TTM)
$1.84
EPS YoY
-40.3%
Revenue (TTM)
$128.9B
Revenue YoY
+3.5%
Net margin
10.2%
ROE
10.7%
Debt ratio
72.5%
FCF (TTM)
—
Dividend (TTM)
$1.11
Quarterly Revenue & EPS
2021-12-31: EPS 0.66 2022-03-31: EPS 0.65 2022-06-30: EPS 0.56 2022-09-30: EPS 0.80 2022-12-31: EPS -3.20 2023-03-31: EPS 0.57 2023-06-30: EPS 0.61 2023-09-30: EPS 0.48 2023-12-31: EPS 0.30 2024-03-31: EPS 0.47 2024-06-30: EPS 0.49 2024-09-30: EPS -0.03 2024-12-31: EPS 0.56 2025-03-31: EPS 0.61 2025-06-30: EPS 0.62 2025-09-30: EPS 1.29 2025-12-31: EPS 0.52 2026-03-31: EPS 0.54 2026-06-30: EPS 0.66 2026-09-30: EPS 0.12 0B 24.0B 48.0B $B -3.52 -1.05 1.42 2016201720182019202020212022202320242025202609/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 9 5 12 18 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
0K4.4B8.9B 20162017201820192020202120222023202420252026
Latest quarter $2.7B (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-09-30 · SEC filings (XBRL)

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2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.