Telefónica Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of TELF.Y?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	2,989,102	0.0531%
Public Companies	565,315,107	10%
Private Companies	1,133,465,294	20.1%
Institutions	1,175,576,326	20.9%
General Public	2,750,908,569	48.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 49.11% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.1%	Sociedad Estatal de Participaciones Industriales	567,016,155	US$2.4b	0%	no data
10.1%	Criteria Caixa, S.A.	566,449,139	US$2.4b	0%	no data
10%	Saudi Telecom Company	565,315,107	US$2.4b	0%	no data
5.07%	BlackRock, Inc.	285,368,233	US$1.2b	-0.87%	0.01%
5.05%	BBVA Asset Management, S.A., S.G.I.I.C	284,075,094	US$1.2b	0%	3.59%
2.64%	Vanguard Capital Management, LLC	148,309,664	US$624.3m	0.63%	0.01%
1.43%	Norges Bank Investment Management	80,502,168	US$338.9m	-5.55%	0.02%
0.74%	Geode Capital Management, LLC	41,436,996	US$174.4m	6.56%	0.01%
0.63%	Dimensional Fund Advisors LP	35,378,264	US$148.9m	-0.64%	0.02%
0.47%	Charles Schwab Investment Management, Inc.	26,221,093	US$110.4m	1.65%	0.01%
0.45%	Amundi Asset Management SAS	25,214,554	US$106.1m	0.83%	0.01%
0.35%	Vanguard Asset Management, Limited	19,876,542	US$83.7m	1.94%	0.03%
0.28%	State Street Investment Management	15,870,277	US$66.8m	0.69%	no data
0.24%	Odey Asset Management LLP	13,253,166	US$55.8m	0%	2.99%
0.21%	Aberdeen Group Plc	11,700,946	US$49.3m	0%	0.02%
0.2%	UBS Asset Management AG	11,304,889	US$47.6m	-0.39%	no data
0.2%	Deutsche Asset & Wealth Management	11,286,889	US$47.5m	0%	0.01%
0.18%	Deka Investment GmbH	9,992,744	US$42.1m	0%	0.03%
0.15%	Phoenix Unit Trust Managers Limited	8,338,371	US$35.1m	0%	0.07%
0.14%	Pacer Advisors, Inc.	8,017,093	US$33.7m	-32.5%	0.08%
0.11%	Nuveen Asset Management LLC	6,007,804	US$25.3m	3.87%	0.01%
0.11%	Mirae Asset Global Investments Co., Ltd.	6,002,115	US$25.3m	1.22%	0.01%
0.11%	Pacific Investment Management Company LLC	5,942,401	US$25.0m	-12.1%	0.05%
0.11%	First Trust Advisors LP	5,924,833	US$24.9m	6.51%	0.01%
0.095%	HSBC Global Asset Management (UK) Limited	5,332,499	US$22.4m	0.06%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/10 01:38
End of Day Share Price	2026/09/10 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Telefónica, S.A. is covered by 41 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Andrew Charles Beale	Arete Research Services LLP
null null	Banco de Sabadell. S.A.
Fernando Cordero Barreira	Banco Santander