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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, Q4 2025

Institutional positions in Telephone & Data Systems Inc as of Dec 31, 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
343
+27 vs. Q3 2025
Shares held
102.1M
−2.61M (−2.5%) vs. Q3 2025
Total value
$4.19B
+$78.0M (+1.9%) vs. Q3 2025
New holders
62
119 more added
Sold out
35
117 more reduced

5 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 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 holdersQ4 2025: 343 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 heldQ4 2025: $4.19B
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, Q4 2025

Shares, value and share of portfolio for each institution holding Telephone & Data Systems Inc; share changes are against Q3 2025.

Institutions holding TDS in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Essential Partners LLC2$820.00%−1−33.3%Reduced
Dunhill Financial, LLC2$830.00%+2New
Harbour Investments, Inc.4$1640.00%−29−87.9%Reduced
Abound Wealth Management6$2460.00%00.0%Unchanged
Annis Gardner Whiting Capital Advisors, LLC6$2460.00%+6New
Bay Harbor Wealth Management, LLC7$2870.00%00.0%Unchanged
HFM Investment Advisors, LLC7$2870.00%+1+16.7%Added
TD Capital Management LLC8$3280.00%+8New
Godfrey Financial Associates, Inc.8$3280.00%+8New
Gilpin Wealth Management, LLC9$3690.00%+9New
Rialto Wealth Management, LLC10$4100.00%00.0%Unchanged
Bruce G. Allen Investments, LLC12$4920.00%00.0%Unchanged
SJS Investment Consulting Inc.13$5330.00%00.0%Unchanged
Marquette Asset Management, LLC13$5330.00%+13New
Optima Capital LLC13$5330.00%+13New
Flagship Harbor Advisors, LLC14$5750.00%+14New
McGuire Capital Advisors Inc15$6150.00%+15New
DiNuzzo Private Wealth, Inc.16$6560.00%−2−11.1%Reduced
Ankerstar Wealth, LLC16$6560.00%+16New
CVA Family Office, LLC24$9840.00%00.0%Unchanged
Bell Investment Advisors, Inc24$9840.00%00.0%Unchanged
Kilter Group LLC32$1.31K0.00%+32New
Elyxium Wealth, LLC37$1.52K0.00%+37New
Hughes Financial Services, LLC37$1.52K0.00%+37New
Fortitude Family Office, LLC47$1.93K0.00%−11−19.0%Reduced
Manchester Capital Management LLC54$2.21K0.00%+54New
Hilton Head Capital Partners, LLC57$2.34K0.00%+57New
Rockefeller Capital Management L.P.57$2.34K0.00%−711−92.6%Reduced
Farmers & Merchants Investments Inc60$2.46K0.00%00.0%Unchanged
JFS Wealth Advisors, LLC86$3.53K0.00%+23+36.5%Added
Country Trust Bank90$3.69K0.00%00.0%Unchanged
Ronald Blue Trust, Inc.94$3.85K0.00%−4−4.1%Reduced
Bryn Mawr Trust Co96$3.94K0.00%+96New
Danske Bank A/S100$4.10K0.00%00.0%Unchanged
Basecamp Wealth Advisors LLC100$4.10K0.00%+100New
Massmutual Trust Co FSB101$4.14K0.00%00.0%Unchanged
Prestige Wealth Management Group LLC130$5.33K0.00%00.0%Unchanged
Optiver Holding B.V.134$5.49K0.00%−260−66.0%Reduced
Bare Financial Services, Inc137$5.62K0.00%+18+15.1%Added
Global Retirement Partners, LLC139$5.70K0.00%+41+41.8%Added
Harbor Capital Advisors, Inc.147$6.00K0.00%00.0%Unchanged
Hantz Financial Services, Inc.155$6.00K0.00%+48+44.9%Added
Rothschild Investment LLC149$6.11K0.00%+9+6.4%Added
Parkside Financial Bank & Trust154$6.31K0.00%+37+31.6%Added
North Star Investment Management Corp.162$6.64K0.00%00.0%Unchanged
Federated Hermes, Inc.171$7.01K0.00%−186−52.1%Reduced
South State Corp.174$7.13K0.00%00.0%Unchanged
Northwestern Mutual Wealth Management Co186$7.63K0.00%−5−2.6%Reduced
Huntington National Bank201$8.24K0.00%−10−4.7%Reduced
Private Wealth Management Group, LLC203$8.32K0.00%00.0%Unchanged
Sound Income Strategies, LLC199$8.92K0.00%+199New
TD Waterhouse Canada Inc.245$10.0K0.00%00.0%Unchanged
Kemnay Advisory Services Inc.269$11.0K0.00%+269New
Matrix Trust Co304$12.0K0.00%+3+1.0%Added
Larson Financial Group LLC294$12.1K0.00%+20+7.3%Added
Keating Financial Advisory Services, Inc.311$12.8K0.00%+311New
Root Financial Partners, LLC328$13.4K0.00%+26+8.6%Added
Allworth Financial LP329$13.5K0.00%+59+21.9%Added
Spire Wealth Management343$14.1K0.00%−961−73.7%Reduced
Private Trust Co NA358$14.7K0.00%00.0%Unchanged
Los Angeles Capital Management LLC393$15.2K0.00%+393New
SRS Capital Advisors, Inc.411$16.9K0.00%+411New
Umb Bank N A505$20.7K0.00%+78+18.3%Added
Salomon & Ludwin, LLC681$27.8K0.00%+231+51.3%Added
EverSource Wealth Advisors, LLC840$34.4K0.00%−306−26.7%Reduced
Caitong International Asset Management Co., Ltd1,123$46.0K0.01%+1,084+2,779.5%Added
Independence Bank of Kentucky1,200$49.2K0.01%00.0%Unchanged
Assetmark, Inc1,296$53.1K0.00%+15+1.2%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.1,375$56.0K0.00%+377+37.8%Added
Jones Financial Companies LLLP1,404$57.6K0.00%+574+69.2%Added
SBI Securities Co., Ltd.1,439$59.0K0.00%00.0%Unchanged
Fifth Third Bancorp1,499$61.5K0.00%+18+1.2%Added
Hoey Investments, Inc1,668$68.4K0.01%00.0%Unchanged
Steward Partners Investment Advisory, LLC1,734$71.1K0.00%−1,268−42.2%Reduced
Nomura Asset Management Co Ltd1,830$75.0K0.00%00.0%Unchanged
Pinnacle Wealth Planning Services, Inc.2,056$84.3K0.01%+2,056New
CIBC Private Wealth Group, LLC2,224$91.2K0.00%+2,224New
Versant Capital Management, Inc2,347$96.2K0.01%00.0%Unchanged
BFSG, LLC2,425$99.4K0.01%−349−12.6%Reduced
Signaturefd, LLC2,588$106.1K0.00%+18+0.7%Added
Farther Finance Advisors, LLC2,646$108.5K0.00%+496+23.1%Added
Parallel Advisors, LLC2,823$115.7K0.00%00.0%Unchanged
SageView Advisory Group, LLC3,000$123.0K0.00%+3,000New
Advisor Group Holdings, Inc.3,131$128.4K0.00%−124−3.8%Reduced
KBC Group NV3,247$133.0K0.00%00.0%Unchanged
Smartleaf Asset Management LLC3,465$141.7K0.01%+34+1.0%Added
Quadrant Capital Group LLC3,573$146.5K0.00%+109+3.1%Added
Clearstead Advisors, LLC4,100$168.1K0.00%−108−2.6%Reduced
Exchange Traded Concepts, LLC4,223$173.1K0.00%+4,223New
CWM, LLC4,286$176.0K0.00%−10−0.2%Reduced
We Are One Seven, LLC4,920$201.7K0.00%+4,920New
Swiss Life Asset Management Ltd4,935$202.3K0.00%+4,935New
Mariner Investment Group LLC5,000$205.0K0.01%+5,000New
Panagora Asset Management Inc5,042$206.7K0.00%−623−11.0%Reduced
Guggenheim Capital LLC5,089$208.6K0.00%−3,174−38.4%Reduced
Highland Capital Management, LLC5,255$215.5K0.01%−144−2.7%Reduced
Sage Rhino Capital LLC5,289$216.8K0.04%−105−1.9%Reduced
Bailard, Inc.5,300$217.3K0.00%+5,300New
United Capital Financial Advisers, LLC5,372$220.3K0.00%−20−0.4%Reduced
Torren Management, LLC5,372$220.3K0.11%+5,372New