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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
Aquatic Capital Management LLC40,217$1.58M0.03%+40,217New
LPL Financial LLC41,369$1.62M0.00%−6,391−13.4%Reduced
CWM Advisors, LLC42,258$1.66M0.16%+5,802+15.9%Added
Janus Henderson Group PLC43,214$1.70M0.00%00.0%Unchanged
Jefferies Financial Group Inc.44,528$1.75M0.02%+12,320+38.3%Added
Verition Fund Management LLC44,718$1.75M0.01%+35,051+362.6%Added
Segall Bryant & Hamill, LLC45,152$1.77M0.02%+32,035+244.2%Added
Louisiana State Employees Retirement System45,200$1.77M0.03%−900−2.0%Reduced
Diametric Capital, LP45,452$1.78M0.66%+40.0%Added
Mirae Asset Global ETFs Holdings Ltd.46,262$1.82M0.00%−7,552−14.0%Reduced
State of Wisconsin Investment Board50,146$1.97M0.00%+14,571+41.0%Added
Manufacturers Life Insurance Company, The51,494$2.02M0.00%−458−0.9%Reduced
State of Alaska, Department of Revenue53,056$2.08M0.02%−5,683−9.7%Reduced
Illinois Municipal Retirement Fund53,436$2.10M0.03%+554+1.0%Added
State of New Jersey Common Pension Fund D54,096$2.12M0.01%−1,578−2.8%Reduced
Gabelli & Co Investment Advisers, Inc.54,428$2.14M0.34%−137,750−71.7%Reduced
Voya Investment Management LLC55,562$2.18M0.00%−11,796−17.5%Reduced
MetLife Investment Management57,128$2.24M0.01%−1,184−2.0%Reduced
Advisors Asset Management, Inc.57,959$2.27M0.04%−4,678−7.5%Reduced
Axecap Investments, LLC62,200$2.44M1.51%+62,200New
Thrivent Financial for Lutherans70,902$2.78M0.01%−47,607−40.2%Reduced
Susquehanna Fundamental Investments, LLC70,900$2.78M0.11%−55,828−44.1%Reduced
HRT Financial LP72,713$2.85M0.01%+72,713New
GWM Advisors LLC73,204$2.87M0.01%−344−0.5%Reduced
Prelude Capital Management, LLC74,683$2.93M0.23%−20,299−21.4%Reduced
Governors Lane LP75,909$2.98M0.41%−317,314−80.7%Reduced
CenterBook Partners LP77,170$3.03M0.15%−276,910−78.2%Reduced
Saba Capital Management, L.P.80,000$3.14M0.10%00.0%Unchanged
Moore Capital Management, LP80,000$3.14M0.06%+80,000New
AQR Capital Management LLC82,072$3.19M0.00%+13,897+20.4%Added
Algert Global LLC81,631$3.20M0.05%−53,444−39.6%Reduced
Wells Fargo & Company83,091$3.26M0.00%+13,563+19.5%Added
Great West Life Assurance Co86,558$3.35M0.00%+2,538+3.0%Added
Two Sigma Advisers, LP87,400$3.43M0.01%+4,200+5.0%Added
Susquehanna Portfolio Strategies, LLC87,527$3.43M0.05%+78,462+865.5%Added
First Trust Advisors LP92,729$3.64M0.00%−49,256−34.7%Reduced
Jain Global LLC94,519$3.71M0.05%+94,519New
California State Teachers Retirement System95,745$3.76M0.00%+2,828+3.0%Added
Assenagon Asset Management S.A.97,673$3.83M0.01%−19,739−16.8%Reduced
Edgestream Partners, L.P.98,067$3.85M0.11%+79,224+420.4%Added
Price T Rowe Associates Inc99,879$3.92M0.00%+5,567+5.9%Added
Krilogy Financial LLC102,639$3.98M0.15%−69,714−40.4%Reduced
Susquehanna International Group, LLP105,654$4.15M0.01%−349,956−76.8%Reduced
Jane Street Group, LLC110,066$4.32M0.01%−110,297−50.1%Reduced
Victory Capital Management Inc110,993$4.36M0.00%+16,659+17.7%Added
Alliancebernstein L.P.115,275$4.52M0.00%00.0%Unchanged
New York State Teachers Retirement System116,997$4.59M0.01%−241−0.2%Reduced
Intech Investment Management LLC124,410$4.88M0.04%−14,974−10.7%Reduced
LMR Partners LLP131,473$5.16M0.07%+25,000+23.5%Added
Russell Investments Group, Ltd.137,114$5.38M0.01%+110,071+407.0%Added
CastleKnight Management LP137,400$5.39M0.29%−18,900−12.1%Reduced
D. E. Shaw & Co., Inc.140,470$5.51M0.00%−187,218−57.1%Reduced
Prudential Financial Inc152,502$5.98M0.01%−169,555−52.6%Reduced
Toronto Dominion Bank168,119$6.60M0.01%−297,459−63.9%Reduced
Raymond James Financial Inc171,119$6.71M0.00%+1,510+0.9%Added
Knighthead Capital Management, LLC171,939$6.75M0.39%+171,939New
Vestcor Inc180,000$7.06M0.21%−45,000−20.0%Reduced
Canada Pension Plan Investment Board187,100$7.34M0.01%+134,400+255.0%Added
Swiss National Bank197,400$7.75M0.00%+2,900+1.5%Added
BNP Paribas Arbitrage, SA215,401$8.45M0.01%+202,679+1,593.1%Added
Congress Asset Management Co219,891$8.63M0.06%+2,768+1.3%Added
Pinnacle Associates Ltd220,619$8.66M0.11%−76,364−25.7%Reduced
Colony Capital, Inc.226,000$8.87M0.72%−79,300−26.0%Reduced
Mutual of America Capital Management LLC248,338$9.74M0.10%−5,919−2.3%Reduced
Hennessy Advisors Inc248,400$9.75M0.34%−19,700−7.3%Reduced
UBS Asset Management Americas Inc253,187$9.94M0.00%−410,087−61.8%Reduced
Nuveen, LLC259,768$10.2M0.00%−952−0.4%Reduced
Scoggin Management LP275,000$10.8M4.14%−125,000−31.3%Reduced
Legal & General Group Plc279,199$11.0M0.00%−7,237−2.5%Reduced
Rhumbline Advisers299,208$11.7M0.01%+153+0.1%Added
Empyrean Capital Partners, LP300,000$11.8M0.47%−25,000−7.7%Reduced
Balyasny Asset Management LLC302,558$11.9M0.02%+99,468+49.0%Added
Stonehill Capital Management LLC320,194$12.6M4.48%+131,996+70.1%Added
Empowered Funds, LLC342,220$13.4M0.14%+5,820+1.7%Added
Public Sector Pension Investment Board383,363$15.0M0.06%+47,124+14.0%Added
Squarepoint Ops LLC404,694$15.9M0.03%+216,438+115.0%Added
Barclays PLC436,230$17.1M0.01%+228,415+109.9%Added
Aristeia Capital LLC450,000$17.7M0.54%+450,000New
Allianz Asset Management GmbH456,451$17.9M0.02%+80,670+21.5%Added
Principal Financial Group Inc474,652$18.6M0.01%−14,335−2.9%Reduced
Millennium Management LLC490,585$19.3M0.02%−83,045−14.5%Reduced
Private Management Group Inc499,771$19.6M0.58%−100,117−16.7%Reduced
Loomis Sayles & Co L P508,119$19.9M0.02%−70,340−12.2%Reduced
Bank of America Corp526,105$20.6M0.00%−188,268−26.4%Reduced
ThornTree Capital Partners LP531,692$20.9M3.19%+531,692New
FMR LLC549,463$21.6M0.00%−208,921−27.5%Reduced
Bridgeway Capital Management, LLC587,214$23.0M0.49%−54,896−8.5%Reduced
TCW Group Inc605,232$23.7M0.20%+7,000+1.2%Added
JPMorgan Chase & Co633,676$24.9M0.00%−208,412−24.7%Reduced
Whitebark Investors LP729,194$28.6M13.62%00.0%Unchanged
Hudson Bay Capital Management LP750,000$29.4M0.18%+250,000+50.0%Added
Point72 Asset Management, L.P.786,838$30.9M0.07%−115,014−12.8%Reduced
Silver Point Capital L.P.857,000$33.6M1.75%−1,323,000−60.7%Reduced
Redwood Capital Management, LLC876,580$34.4M3.33%+6,367+0.7%Added
Bank of New York Mellon Corp881,912$34.6M0.01%−3,726−0.4%Reduced
Healthcare of Ontario Pension Plan Trust Fund982,000$38.5M0.07%+763,000+348.4%Added
Diameter Capital Partners LP1,025,000$40.2M4.22%+585,000+133.0%Added
Northern Trust Corp1,058,966$41.6M0.01%+5,680+0.5%Added
Qube Research & Technologies Ltd1,121,227$44.0M0.06%−69,430−5.8%Reduced
Charles Schwab Investment Management Inc1,145,603$45.0M0.01%−32,398−2.8%Reduced