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Telephone & Data Systems Inc

TDS
Exchange
NYSE
Industry
Telephone Communications (No Radiotelephone)
SEC CIK
0001051512

In the last 90 days, Telephone & Data Systems Inc insiders filed 0 open-market purchases and 1 sale; 351 institutions reported holding it in 13F filings for Q2 2026, worth $3.95B in total; superinvestors Third Point and Oaktree Capital hold it.

Other share classesTDS.PUTDS.PV

13F holders, Q3 2025

Institutional positions in Telephone & Data Systems Inc as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
321
+13 vs. Q2 2025
Shares held
104.8M
+3.91M (+3.9%) vs. Q2 2025
Total value
$4.11B
+$522.4M (+14.6%) vs. Q2 2025
New holders
42
106 more added
Sold out
29
126 more reduced

4 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting TDS on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 321 institutions
Q1 2021: 244 institutionsQ2 2021: 224 institutionsQ3 2021: 218 institutionsQ4 2021: 226 institutionsQ1 2022: 213 institutionsQ2 2022: 233 institutionsQ3 2022: 234 institutionsQ4 2022: 244 institutionsQ1 2023: 235 institutionsQ2 2023: 232 institutionsQ3 2023: 258 institutionsQ4 2023: 263 institutionsQ1 2024: 255 institutionsQ2 2024: 256 institutionsQ3 2024: 276 institutionsQ4 2024: 301 institutionsQ1 2025: 306 institutionsQ2 2025: 312 institutionsQ3 2025: 321 institutionsQ4 2025: 343 institutionsQ1 2026: 356 institutionsQ2 2026: 351 institutions
Value heldQ3 2025: $4.11B
Q1 2021: $2.09BQ2 2021: $2.14BQ3 2021: $1.82BQ4 2021: $1.92BQ1 2022: $1.83BQ2 2022: $1.50BQ3 2022: $1.33BQ4 2022: $1.10BQ1 2023: $966.6MQ2 2023: $790.5MQ3 2023: $1.67BQ4 2023: $1.66BQ1 2024: $1.46BQ2 2024: $1.91BQ3 2024: $2.19BQ4 2024: $3.31BQ1 2025: $3.78BQ2 2025: $3.60BQ3 2025: $4.11BQ4 2025: $4.19BQ1 2026: $4.26BQ2 2026: $3.95B
Institutions holding TDS and their total value by quarter
QuarterHoldersValue
Q2 2026351$3.95B
Q1 2026356$4.26B
Q4 2025343$4.19B
Q3 2025321$4.11B
Q2 2025312$3.60B
Q1 2025306$3.78B
Q4 2024301$3.31B
Q3 2024276$2.19B
Q2 2024256$1.91B
Q1 2024255$1.46B
Q4 2023263$1.66B
Q3 2023258$1.67B
Q2 2023232$790.5M
Q1 2023235$966.6M
Q4 2022244$1.10B
Q3 2022234$1.33B
Q2 2022233$1.50B
Q1 2022213$1.83B
Q4 2021226$1.92B
Q3 2021218$1.82B
Q2 2021224$2.14B
Q1 2021244$2.09B

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Telephone & Data Systems Inc; share changes are against Q2 2025.

Institutions holding TDS in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Cloud Capital Management, LLC18$00.00%+18New
True Wealth Design, LLC2$790.00%00.0%Unchanged
Essential Partners LLC3$1180.00%+3New
HFM Investment Advisors, LLC6$2350.00%−1−14.3%Reduced
Abound Wealth Management6$2360.00%00.0%Unchanged
Bay Harbor Wealth Management, LLC7$2740.00%+4+133.3%Added
Rialto Wealth Management, LLC10$3930.00%+6+150.0%Added
Bruce G. Allen Investments, LLC12$4710.00%00.0%Unchanged
Vermillion Wealth Management, Inc.12$4710.00%+12New
Quarry LP13$5100.00%−555−97.7%Reduced
SJS Investment Consulting Inc.13$5110.00%+4+44.4%Added
DiNuzzo Private Wealth, Inc.18$7220.00%+5+38.5%Added
Tortoise Investment Management, LLC20$7850.00%+20New
CVA Family Office, LLC24$9420.00%00.0%Unchanged
Bell Investment Advisors, Inc24$9420.00%00.0%Unchanged
FNY Investment Advisers, LLC34$1.00K0.00%−167−83.1%Reduced
Harbour Investments, Inc.33$1.29K0.00%00.0%Unchanged
Caitong International Asset Management Co., Ltd39$1.53K0.00%−451−92.0%Reduced
Fortitude Family Office, LLC58$2.28K0.00%+14+31.8%Added
Farmers & Merchants Investments Inc60$2.35K0.00%00.0%Unchanged
JFS Wealth Advisors, LLC63$2.47K0.00%00.0%Unchanged
Atlantic Trust, LLC65$2.55K0.00%00.0%Unchanged
Country Trust Bank90$3.53K0.00%00.0%Unchanged
Global Retirement Partners, LLC98$3.85K0.00%−231−70.2%Reduced
Ronald Blue Trust, Inc.98$3.85K0.00%00.0%Unchanged
Danske Bank A/S100$3.92K0.00%00.0%Unchanged
Massmutual Trust Co FSB101$3.96K0.00%00.0%Unchanged
Hantz Financial Services, Inc.107$4.00K0.00%+103+2,575.0%Added
Parkside Financial Bank & Trust117$4.59K0.00%00.0%Unchanged
Bare Financial Services, Inc119$4.67K0.00%−11−8.5%Reduced
Prestige Wealth Management Group LLC130$5.10K0.00%00.0%Unchanged
Rothschild Investment LLC140$5.49K0.00%−35−20.0%Reduced
Harbor Capital Advisors, Inc.147$6.00K0.00%00.0%Unchanged
Hemington Wealth Management160$6.00K0.00%+32+25.0%Added
North Star Investment Management Corp.162$6.36K0.00%00.0%Unchanged
South State Corp.174$6.83K0.00%00.0%Unchanged
Northwestern Mutual Wealth Management Co191$7.50K0.00%+191New
Private Wealth Management Group, LLC203$7.97K0.00%00.0%Unchanged
Huntington National Bank211$8.28K0.00%00.0%Unchanged
TD Waterhouse Canada Inc.245$9.65K0.00%00.0%Unchanged
Allworth Financial LP270$10.6K0.00%+17+6.7%Added
Larson Financial Group LLC274$10.8K0.00%+144+110.8%Added
Root Financial Partners, LLC302$11.8K0.00%+302New
Matrix Trust Co301$12.0K0.00%−70−18.9%Reduced
Federated Hermes, Inc.357$14.0K0.00%+41+13.0%Added
Private Trust Co NA358$14.0K0.00%00.0%Unchanged
Optiver Holding B.V.394$15.5K0.00%+248+169.9%Added
Wealthspire Advisors, LLC421$16.5K0.00%+421New
Umb Bank N A427$16.8K0.00%+66+18.3%Added
Salomon & Ludwin, LLC450$17.8K0.00%+450New
Bessemer Group Inc699$28.0K0.00%+277+65.6%Added
Rockefeller Capital Management L.P.768$30.1K0.00%+768New
Jones Financial Companies LLLP830$31.1K0.00%+455+121.3%Added
JPL Wealth Management, LLC840$33.0K0.01%+840New
Bayforest Capital Ltd846$33.2K0.02%−6,030−87.7%Reduced
BNP PARIBAS ASSET MANAGEMENT Holding S.A.998$39.0K0.00%00.0%Unchanged
EverSource Wealth Advisors, LLC1,146$45.0K0.00%−165−12.6%Reduced
Independence Bank of Kentucky1,200$47.1K0.01%00.0%Unchanged
New Age Alpha Advisors, LLC1,220$47.9K0.00%−4,148−77.3%Reduced
Assetmark, Inc1,281$50.3K0.00%−16−1.2%Reduced
Spire Wealth Management1,304$51.2K0.00%−52−3.8%Reduced
SBI Securities Co., Ltd.1,439$56.5K0.00%−40−2.7%Reduced
Fifth Third Bancorp1,481$58.1K0.00%+52+3.6%Added
Hoey Investments, Inc1,668$65.5K0.01%00.0%Unchanged
Nomura Asset Management Co Ltd1,830$71.8K0.00%00.0%Unchanged
State of Wyoming1,942$76.2K0.01%−2,860−59.6%Reduced
Farther Finance Advisors, LLC2,150$84.4K0.00%+246+12.9%Added
Versant Capital Management, Inc2,347$92.1K0.01%00.0%Unchanged
Aster Capital Management (DIFC) Ltd2,402$94.3K0.05%+783+48.4%Added
Signaturefd, LLC2,570$100.8K0.00%+16+0.6%Added
Shell Asset Management Co2,742$108.0K0.01%−3,883−58.6%Reduced
BFSG, LLC2,774$108.9K0.01%−663−19.3%Reduced
Parallel Advisors, LLC2,823$110.8K0.00%−3−0.1%Reduced
Steward Partners Investment Advisory, LLC3,002$117.8K0.00%00.0%Unchanged
Advisor Group Holdings, Inc.3,255$126.9K0.00%+290+9.8%Added
KBC Group NV3,247$127.0K0.00%00.0%Unchanged
Smartleaf Asset Management LLC3,431$132.6K0.01%+1,584+85.8%Added
Quadrant Capital Group LLC3,464$135.9K0.00%+3,464New
Clearstead Advisors, LLC4,208$165.1K0.00%+108+2.6%Added
CWM, LLC4,296$169.0K0.00%−787−15.5%Reduced
Cubist Systematic Strategies, LLC4,741$186.0K0.00%+4,741New
United Capital Financial Advisers, LLC5,392$211.6K0.00%+5,392New
Sage Rhino Capital LLC5,394$211.7K0.04%+5,394New
Highland Capital Management, LLC5,399$211.9K0.01%+5,399New
Forum Financial Management, LP5,423$212.8K0.00%+5,423New
Greenleaf Trust5,459$214.2K0.00%+5,459New
Tower Research Capital LLC (TRC)5,486$215.3K0.01%−8,113−59.7%Reduced
Innealta Capital, LLC5,551$217.8K0.11%−570−9.3%Reduced
HighTower Advisors, LLC5,626$220.8K0.00%+5,626New
Nisa Investment Advisors, LLC5,663$222.2K0.00%+356+6.7%Added
Panagora Asset Management Inc5,665$222.3K0.00%−185,818−97.0%Reduced
HB Wealth Management, LLC5,689$223.2K0.00%+5,689New
Captrust Financial Advisors5,806$227.8K0.00%−20.0%Reduced
Capstone Investment Advisors, LLC6,042$237.1K0.00%+6,042New
Walleye Trading LLC6,099$239.3K0.00%−18,014−74.7%Reduced
GAMMA Investing LLC6,160$241.7K0.01%+200+3.4%Added
Bartlett & Co. Wealth Management LLC6,354$249.3K0.00%00.0%Unchanged
Savant Capital, LLC6,413$251.6K0.00%+6,413New
Covestor Ltd6,429$252.0K0.14%−6,035−48.4%Reduced
Axq Capital, LP6,676$262.0K0.10%+6,676New