Telefonica SA

CUSIP: 005732524 Class: Common Stock - Foreign

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

Increased Positions (1)

Pacer Advisors, Inc.
Value ($000) $44,483 (+12.4%) Shares 10,836,345 (+41.4%)