Here’s Why American Tower Corporation (AMT) Fell in Q3

Group 1 - Baron Real Estate Fund delivered a strong performance in Q3 2025, appreciating 10.25% compared to the MSCI US REIT Index's 4.49% and the MSCI USA IMI Extended Real Estate Index's 5.65% [1] - The fund highlighted American Tower Corporation (NYSE:AMT) as a key holding, despite its one-month return of -2.76% and a 52-week loss of 5.31% [2] - American Tower Corporation operates 150,000 wireless tower communication sites, but faced a pullback in Q3 due to delays in U.S. billings and concerns over a small customer's contractual commitments [3] Group 2 - American Tower Corporation is not among the 30 most popular stocks among hedge funds, with 70 hedge fund portfolios holding its shares at the end of Q2 2025, down from 73 in the previous quarter [4] - While American Tower Corporation is recognized for its potential, certain AI stocks are considered to offer greater upside potential with less downside risk [4]