In the third quarter, Jones Financial Companies LLLP expanded its position in American Tower Corporation by acquiring an additional 14,507 shares, representing a 7.4% increase in its holdings. By quarter-end, the fund held 211,742 shares valued at approximately $40.99 million. This move underscores Jones Financial’s confidence in the REIT’s long-term growth prospects, as the added shares bolster its exposure to the company’s global communications infrastructure portfolio.

Principal Financial Group Inc. trimmed its American Tower stake by 1.6% during the same reporting period, selling 98,820 shares. Following the disposition, the institutional investor held 5,980,516 shares, accounting for roughly 1.28% of the outstanding share count and representing a position valued at $1.15 billion. The reduction highlights Principal’s portfolio rebalancing amid shifting allocations within its real estate investment trust exposure.

South Korea’s National Pension Service increased its American Tower holding by 2.5% in Q3, adding 30,368 shares to reach a total of 1,240,270 shares. At the end of the quarter, the pension fund’s investment was valued at $238.53 million, reflecting a strategic enhancement of its allocation to U.S. communications infrastructure assets and reinforcing the trust’s long-term income objectives.