Wilmington Savings Fund Society FSB Reduces AT&T Stock Position

The firm cut its stake in the telecommunications company by 19% during the third quarter.

Mar. 19, 2026 at 12:04pm

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Wilmington Savings Fund Society FSB, a financial institution based in Wilmington, Delaware, reduced its stake in AT&T Inc. (NYSE:T) by 19.0% during the 3rd quarter. The firm previously owned 205,549 shares of the technology company's stock, valued at $5.81 million, but sold 48,369 shares during the quarter.

Why it matters

This reduction in AT&T stock holdings by Wilmington Savings Fund Society FSB reflects broader trends in the market, as some institutional investors have been scaling back their positions in the telecommunications giant amid concerns over the company's growth prospects and competitive landscape.

The details

Wilmington Savings Fund Society FSB's holdings in AT&T were worth $5,805,000 at the end of the most recent reporting period. The firm's decision to sell nearly 50,000 shares of AT&T came as other hedge funds and institutional investors have also modified their positions in the company. For example, Brighton Jones LLC increased its stake in AT&T by 26.5%, while Perennial Investment Advisors LLC and Wealthspire Advisors LLC also added to their AT&T holdings during the quarter.

  • Wilmington Savings Fund Society FSB reduced its AT&T stake during the 3rd quarter of 2026.

The players

Wilmington Savings Fund Society FSB

A financial institution based in Wilmington, Delaware that reduced its stake in AT&T Inc. by 19% during the third quarter.

AT&T Inc.

A global telecommunications company that provides a broad range of communications and digital entertainment services, including consumer and business wireless services, broadband and fiber internet, and network infrastructure.

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The takeaway

This reduction in AT&T holdings by Wilmington Savings Fund Society FSB reflects the broader uncertainty surrounding the telecommunications company's growth prospects, as some institutional investors reevaluate their positions in the face of increasing competition and market challenges.