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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
Walleye Capital LLC6,797$266.7K0.00%+3,483+105.1%Added
Sterling Capital Management LLC6,895$270.6K0.00%+4,216+157.4%Added
Pallas Capital Advisors LLC6,997$274.6K0.01%+21+0.3%Added
Wealth Enhancement Advisory Services, LLC7,105$278.2K0.00%−392−5.2%Reduced
Crossmark Global Holdings, Inc.7,095$278.4K0.00%00.0%Unchanged
Waldron Private Wealth LLC7,400$290.4K0.01%00.0%Unchanged
Pathstone Holdings, LLC7,417$291.0K0.00%+7,417New
Hennion & Walsh Asset Management, Inc.7,618$298.9K0.01%+7,618New
Ballentine Partners, LLC7,713$302.7K0.00%−64−0.8%Reduced
Sequoia Financial Advisors, LLC7,759$304.5K0.00%+1,291+20.0%Added
HSBC Holdings PLC7,799$305.5K0.00%−32,998−80.9%Reduced
Xponance, Inc.7,841$307.7K0.00%+154+2.0%Added
Neuberger Berman Group LLC8,016$314.5K0.00%−32−0.4%Reduced
Net Worth Advisory Group8,119$318.6K0.09%−432−5.1%Reduced
Winton Group Ltd8,181$321.0K0.01%−6,335−43.6%Reduced
Guggenheim Capital LLC8,263$324.2K0.00%−10,388−55.7%Reduced
Ameritas Investment Partners, Inc.8,320$326.5K0.01%−1,659−16.6%Reduced
RSM US Wealth Management LLC8,350$327.7K0.00%−51−0.6%Reduced
Sumitomo Mitsui Trust Holdings, Inc.8,500$333.5K0.00%00.0%Unchanged
SG Americas Securities, LLC8,927$350.0K0.00%+1,293+16.9%Added
Wolverine Trading, LLC9,068$350.5K0.01%−8,057−47.0%Reduced
Mitsubishi UFJ Trust & Banking Corp9,049$355.1K0.00%+9,049New
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management9,319$365.7K0.01%+9,319New
XTX Topco Ltd9,363$367.4K0.02%−24,487−72.3%Reduced
Sona Asset Management (US) LLC9,398$368.8K0.01%00.0%Unchanged
Simplex Trading, LLC9,569$375.0K0.01%−20,280−67.9%Reduced
CIBC Asset Management Inc9,572$375.6K0.00%00.0%Unchanged
Resources Investment Advisors, LLC.9,900$388.5K0.00%+49+0.5%Added
Highbridge Capital Management LLC10,000$392.4K0.02%00.0%Unchanged
Pensionmark Financial Group, LLC10,200$400.2K0.01%−432−4.1%Reduced
O'Shaughnessy Asset Management, LLC10,434$409.4K0.00%+2,401+29.9%Added
US Bancorp10,454$410.2K0.00%+2,537+32.0%Added
JustInvest LLC10,594$415.7K0.00%+540+5.4%Added
CIBC Bancorp USA Inc.10,615$416.5K0.00%+10,615New
Lazard Asset Management LLC11,396$447.2K0.00%+876+8.3%Added
Toroso Investments, LLC11,402$447.4K0.00%−331−2.8%Reduced
SEI Investments Co11,465$449.8K0.00%+455+4.1%Added
Public Employees Retirement Association of Colorado11,670$458.0K0.00%−44−0.4%Reduced
OP Asset Management Ltd11,852$465.1K0.01%00.0%Unchanged
Inspire Advisors, LLC11,908$467.3K0.04%+5,935+99.4%Added
Evergreen Capital Management LLC12,305$482.8K0.01%+1,619+15.2%Added
Universal- Beteiligungs- und Servicegesellschaft mbH12,359$485.0K0.00%+3,694+42.6%Added
Pictet Asset Management Holding SA13,385$525.2K0.00%−2,541−16.0%Reduced
Quest Partners LLC13,572$532.6K0.03%+4,444+48.7%Added
Horizon Investments, LLC13,916$546.1K0.01%+780+5.9%Added
Maryland State Retirement & Pension System14,129$554.4K0.01%−14,857−51.3%Reduced
Callan Family Office, LLC14,388$564.6K0.02%−50.0%Reduced
The PNC Financial Services Group, Inc.14,398$565.0K0.00%−43−0.3%Reduced
Cambria Investment Management, L.P.14,652$574.9K0.03%+2,925+24.9%Added
CI Private Wealth, LLC15,244$598.2K0.00%+2,525+19.9%Added
Cerity Partners LLC15,881$623.2K0.00%−518−3.2%Reduced
Fidelis Capital Partners, LLC16,632$652.6K0.05%+43+0.3%Added
Oxford Asset Management LLP16,749$657.2K0.22%+16,749New
Mackenzie Financial Corp17,211$675.4K0.00%−530−3.0%Reduced
Quantinno Capital Management LP17,566$689.3K0.00%+6,574+59.8%Added
ProShare Advisors LLC18,737$735.2K0.00%−3,187−14.5%Reduced
Elo Mutual Pension Insurance Co19,334$758.7K0.01%+2,356+13.9%Added
CSS LLC19,500$765.2K0.05%+3,500+21.9%Added
Teacher Retirement System of Texas19,724$774.0K0.00%−2,179−9.9%Reduced
Envestnet Portfolio Solutions, Inc.20,495$804.2K0.00%−1,773−8.0%Reduced
First Citizens Bank & Trust Co21,355$838.0K0.02%−1,761−7.6%Reduced
Oregon Public Employees Retirement Fund22,122$868.1K0.01%−300−1.3%Reduced
Creative Planning22,661$889.2K0.00%+5,556+32.5%Added
Franklin Resources Inc23,039$904.1K0.00%−46,623−66.9%Reduced
Graham Capital Management, L.P.23,427$919.3K0.03%+23,427New
KLP Kapitalforvaltning AS24,500$961.4K0.00%+2,300+10.4%Added
Vident Advisory, LLC24,620$966.1K0.01%−1,939−7.3%Reduced
Commonwealth of Pennsylvania Public School Empls Retrmt Sys25,029$982.1K0.00%−294−1.2%Reduced
Central Pacific Bank - Trust Division26,200$1.03M0.12%00.0%Unchanged
Martingale Asset Management L P26,318$1.03M0.03%+1,034+4.1%Added
Amundi26,499$1.03M0.00%+872+3.4%Added
Ensign Peak Advisors, Inc26,600$1.04M0.00%−2,350−8.1%Reduced
Mariner, LLC27,203$1.07M0.00%−2,066−7.1%Reduced
Police & Firemen's Retirement System of New Jersey27,630$1.08M0.01%+5,362+24.1%Added
Y-Intercept (Hong Kong) Ltd27,931$1.10M0.03%+21,152+312.0%Added
Teachers Retirement System of the State of Kentucky28,167$1.10M0.01%−1,980−6.6%Reduced
Amalgamated Bank28,206$1.11M0.01%+145+0.5%Added
Brevan Howard Capital Management LP28,666$1.12M0.02%+28,666New
State of Tennessee, Treasury Department28,874$1.13M0.00%+1,412+5.1%Added
Ionic Capital Management LLC29,254$1.15M1.28%+5,000+20.6%Added
Comerica Bank29,625$1.16M0.00%−6,920−18.9%Reduced
STRS Ohio29,700$1.17M0.00%00.0%Unchanged
Arizona State Retirement System30,137$1.18M0.01%+414+1.4%Added
Zurcher Kantonalbank (Zurich Cantonalbank)30,851$1.21M0.00%00.0%Unchanged
New York State Common Retirement Fund32,435$1.27M0.00%00.0%Unchanged
Dark Forest Capital Management LP33,231$1.30M0.05%+33,231New
Yousif Capital Management, LLC33,397$1.31M0.01%−7,173−17.7%Reduced
Alhambra Investment Partners LLC34,000$1.33M0.63%00.0%Unchanged
Handelsbanken Fonder AB34,025$1.33M0.00%+11,000+47.8%Added
Janney Montgomery Scott LLC34,373$1.35M0.00%−2,335−6.4%Reduced
Quantbot Technologies LP36,675$1.44M0.04%−76,894−67.7%Reduced
Nomura Holdings Inc36,767$1.44M0.01%−215,562−85.4%Reduced
Bank of Montreal36,823$1.44M0.00%−8,972−19.6%Reduced
Truist Financial Corp36,829$1.45M0.00%+316+0.9%Added
Croban37,088$1.45M0.97%+263+0.7%Added
Citadel Advisors LLC37,268$1.46M0.00%−52,974−58.7%Reduced
State Board of Administration of Florida Retirement System38,016$1.49M0.00%00.0%Unchanged
Natixis Advisors, L.P.38,139$1.50M0.00%−1,789−4.5%Reduced
Citigroup Inc39,473$1.55M0.00%−53,714−57.6%Reduced
Royal Bank of Canada39,901$1.56M0.00%+5,717+16.7%Added