What smart money is saying about AT&T, Inc.
1 fund in our archive has pitched AT&T, Inc., most recently Ariel Global in December 2025.
AT&T Inc. provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores. It also provides data, voice, security, cloud solutions, outsourcing, and managed and professional services, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, governmental, and wholesale customers. In addition, this segment offers broadband fiber and legacy telephony voice communication services to residential customers. It markets its communications services and products under the AT&T, Cricket, AT&T PREPAID, and AT&T Fiber brand names. The company's Latin America segment provides wireless services in Mexico; and video services in Latin America. This segment markets its services and products under the AT&T and Unefon brand names. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in 2005. AT&T Inc. was incorporated in 1983 and is headquartered in Dallas, Texas.
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Fund signal · last 12 months
10 lettersToo few moves on AT&T, Inc. yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q4 2025 and Q3 2026, 10 fund letters reported a position in AT&T, Inc., with 3 buys (opened or added).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 8 | 3 | 0 | 0 |
| Q2 2026 | 2 | 0 | 0 | 0 |
| Q4 2025 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 10 positions · 6 moves
- September 2026
“The fund has exposure to US telecom issuers, primarily AT&T and Verizon, both of which experienced some spread widening as sentiment towards the sector weakened.”
AT&T, Inc. - September 2026
“The fund has exposure to US telecom issuers, primarily AT&T and Verizon, both of which experienced some spread widening as sentiment towards the sector weakened.”
AT&T, Inc. - September 2026
“Examples included sterling denominated issues from US telecoms giant AT&T and the partially state-owned German telecommunications company Deutsche Telekom, which both came at above market credit spreads.”
AT&T, Inc. - September 2026
“We continue to diversify the portfolio when we believe that opportunities arise, and the quarter presented a number of attractive new issues. Examples included sterling denominated issues from US telecoms giant AT&T and the partially state-owned German telecommunications company Deutsche Telekom, which both came at above market credit spreads.”
AT&T, Inc. - September 2026
“We continue to seek to diversify the fund when we believe that opportunities arise, and the quarter saw a number of attractive new issues. Examples included sterling denominated issues from US telecoms giant AT&T and the partially state-owned German telecommunications company Deutsche Telekom, which both came at above market credit spreads.”
AT&T, Inc. - September 2026
“Examples included sterling denominated issues from US telecoms giant AT&T and the partially state-owned German telecommunications company Deutsche Telekom, which both came at above market credit spreads.”
AT&T, Inc. - September 2026
“Examples included sterling denominated issues from US telecoms giant AT&T which came at an above-market credit spread.”
AT&T, Inc. - New positionRoyal London AM Sustainable FundsJuly 2026
“The fund saw a negative return over the month in dollar terms, broadly in line with the benchmark index. The fund showed resilience in light of a spike in volatility that saw a flare up of US-Iran geopolitical tensions pushed the oil price back above $90 per barrel and lifted the energy sector. These moves, in turn, pushed government bond yields higher leading to a weak performance for corporate bonds as higher energy prices stoked up inflation concerns. Despite a slow down in primary markets in July, following typical seasonal effects, the fund remained active. We reduced AT1 bonds from Banque Federative du Credit Mutuel, Rabobank and BNP Paribas following strong performance, adding to a new issue from AT&T and buying bonds in the secondary market from Google owner Alphabet – adding yield and increasing diversification.”
AT&T, Inc. - June 2026
Listed in Gabelli Funds Shareholder Commentary: Open-End Funds’s reported holdings.
AT&T, Inc. - June 2026
Listed in Gabelli Funds Open-End Funds’s reported holdings.
AT&T, Inc.
Also mentioned · 6
These funds discuss AT&T, Inc. as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedHorizon KineticsJune 2026
“That is why companies such as Level 3, CenturyLink (now Lumen), AT&T, and Verizon have been disappointing investments, all trading significantly below their respective 1999 stock price levels.”
AT&T, Inc. - June 2026
“Finally, AT&T, T-Mobile and Verizon have agreed in principle to pool spectrum into a direct-to-device joint venture with economics that we think run directly through AST.”
AT&T, Inc. - MentionedHennessy Focus FundJune 2026
“In May 2026, the U.S. MNO’s competitive response to Starlink became clear with the announcement of an agreement in principle to form a joint venture (JV) between AT&T, T-Mobile and Verizon for satellite services.”
AT&T, Inc. - MentionedSchafer Cullen High Dividend ValueDecember 2025
“An underweight allocation to and stock selection within the Communication Services sector was the largest detractor from relative performance. Alphabet, the largest constituent in the Russell 1000 Value at a 3.8% weight, rose 29% in the quarter, and is not owned in the strategy. AT&T (-11.1%) shares pulled back in the quarter after strong gains in 2024 and much of 2025.”
AT&T, Inc. - MentionedDiameterDecember 2025
“The latest evolution is the capitulation of the entire US wireless industry to the allure of fixed wireless (FWA). It was 150% of broadband adoptions last year and that was before AT&T went all in.”
AT&T, Inc. - MentionedAtai CapitalJune 2025
“However, over the following two and a half years, that thesis unraveled. Cable One’s HFC network went from roughly 30% overbuilt (which mainly was the large population centers of their footprint) to more than 60%, so in short, we were wrong.”
AT&T, Inc.
Fund coverage · 1 thesis
- Ariel GlobalDecember 2025
AT&T, Inc. is a U.S. telecom leveraging fiber buildout and wireless convergence to reduce churn, enhance returns, and return capital in a rational pricing environment.
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