Telus (TU)

• Market cap: $20.7B
• 1 day: 0.80%
• 5 days: -4.28%
• 1 month: -10.64%
• 3 months: -17.20%
• 6 months: -11.89%
• Year to date: -22.61%
• 1 year: -20.94%
• 5 years: -27.77%
• 10 years: -23.21%

About: Telus is one of the Big Three wireless service providers in Canada, with over 10 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services. It also has a small wireline presence in eastern Quebec. Mostly because of recent acquisitions, more than 20% of Telus' sales now come from nontelecom businesses, most notably in the international business services, health, security, and agriculture industries. The firm has a 55% economic stake in Telus International.

Employees: 106,400

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

17% more funds holding in top 10

Funds holding in top 10: 6 [Q2] → 7 (+1) [Q3]

13% more repeat investments, than reductions

Existing positions increased: 123 | Existing positions reduced: 109

8% more capital invested

Capital invested by funds: $11.4B [Q2] → $12.3B (+$892M) [Q3]

1% less funds holding

Funds holding: 299 [Q2] → 295 (-4) [Q3]

1.5% less ownership

Funds ownership: 50.73% [Q2] → 49.23% (-1.5%) [Q3]

11% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 36

22% less call options, than puts

Call options by funds: $271M | Put options by funds: $346M