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
↓ -275
Streak
1Q ▼
Buyers last Q
44%

Smart Money Signals — T

Based on 2703 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, 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.
📊

High ownership — 91% of 3.0Y peak

91% of all-time peak
2,703 funds currently hold this stock — 91% of the 3.0-year high of 2,978 funds (reached 2026 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 5% fewer funds vs a year ago

fund count last 6Q
144 fewer hedge funds hold T compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 44% buying

1313 buying1644 selling
Last quarter: 1,644 funds reduced or exited vs 1,313 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.
⚠️

Fewer new buyers each quarter (-151 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 180 → 304 → 341 → 190. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

74% of holders stayed for 2+ years

■ 74% conviction (2yr+) ■ 14% medium ■ 12% new
1,998 out of 2,703 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 +4%, value -21%

Value
-20%
Shares
+4%
Last quarter: funds added +4% more shares while total portfolio value only changed -21%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~190 new funds/quarter

234 → 180 → 304 → 341 → 190 new funds/Q
New funds entering each quarter: 180 → 304 → 341 → 190. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 75% veterans vs 14% newcomers

■ 75% veterans ■ 11% 1-2yr ■ 14% new
Entry-cohort mix of 2,785 holders: 2,095 (75%) are 2+ year veterans, 297 entered 1–2 years ago, and 393 (14%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 65% AUM from top-100 funds

65% from top-100 AUM funds
72 of 2692 holders are among the 100 largest funds by AUM, controlling 65% 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.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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 2026 Q2, 1313 hedge funds were net buyers of T (190 opened a new position, 1123 added to an existing one), while 1644 reduced or exited (1179 trimmed, 465 sold completely) — a 44% buyer ratio, indicating roughly balanced activity. 65% of total institutional value in T is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -275 funds (more exits than new entries). Total institutional holders: 2703.

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.

Is It Too Late to Buy At&T Inc (T) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much T has moved relative to its sector benchmark (XLC) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 81d ago
T
+22.7%
XLC
+3.4%

T outperformed XLC by +19.3% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 36d ago
T
+2.0%
XLC
-1.9%

Since the filing became public, T outperformed XLC by +3.9% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

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

77 top-rated funds 13 high-conviction
Consensus
8.2
/ 10
breadth
×
Elite
5.0
/ 10
conviction
Hedge Fund Positioning: T
3K + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 2671 2978 -10.31%
13F Shares 4.65B 4.67B -0.33%
Total Value $94.22B $132.30B -28.78%
New Positions 179 341 -162
Increased Positions 1095 1248 -153
Closed Positions 475 185 +290
Reduced Positions 1150 1112 +38
Total Calls 46 45 2.22%
Total Puts 43 44 -2.27%
PUT/CALL Ratio 0.93 0.98 Neutral

Statistics: T

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

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 T holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Mediatel Partners 76.24% 935,304 $19.4M
2 Trium Capital LLP 35.53% 1,966,000 $57.8M
3 Drexel Morgan & Co. 17.49% 6,075,040 $125.8M
4 Newport Trust Company, LLC 8.92% 178,729,595 $3.70B
5 Thornburg Investment Management Inc 7.13% 36,023,313 $745.7M
6 Contour Asset Management LLC 5.92% 12,084,219 $250.1M
7 Windle Wealth, LLC 2.97% 357,358 $7.4M
8 Bruce & Co., Inc. 2.90% 518,000 $10.7M
9 Arnhold LLC 2.73% 1,882,381 $39.0M
10 Rnc Capital Management LLC 2.70% 2,132,338 $61.8M
11 Morgan Dempsey Capital Management LLC 2.61% 294,433 $6.1M
12 Griffith & Werner, Inc. 2.58% 266,387 $5.5M
13 Huber Capital Management LLC 2.49% 817,725 $16.9M
14 Maytus Capital Management, LLC 2.41% 739,161 $15.3M
15 Liberty One Investment Management, LLC 2.35% 1,136,750 $23.5M
16 Skba Capital Management LLC 2.28% 666,780 $13.8M
17 GQG Partners LLC 2.28% 59,099,713 $1.22B
18 Stark Wealth Management LLC 2.27% 7,807 $221K
19 Quintet Private Bank (Europe) S.A. 2.20% 1,700,889 $35.2M
20 Triodos Investment Management BV 2.11% 1,670,265 $34.6M
21 Edgar Lomax Co/Va 2.04% 1,316,103 $27.2M
22 Palouse Capital Management, Inc. 2.00% 155,310 $3.2M
23 Equity Investment Corp 1.99% 5,029,754 $104.1M
24 Brooklands Fund Management Ltd 1.96% 119,167 $2.5M
25 Advanced Asset Management Advisors Inc 1.84% 337,217 $7.0M
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 — 1 quarter in a row: For 1 consecutive quarter, 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 — 44% buying: Last quarter: 1,644 funds reduced or exited vs 1,313 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 — 65% AUM from top-100 funds: 72 of 2692 holders are among the 100 largest funds by AUM, controlling 65% 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?

74% of holders stayed for 2+ years: 1,998 out of 2,703 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.

Is it too late to buy At&T Inc (T) following the 2026 Q2 hedge fund 13F filings?

As of today, T has moved +2.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to -1.9% for the XLC sector ETF — an outperformance of +3.9%. Since the quarter end (June 30, 2026), T has gained +22.7% vs +3.4% for XLC. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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