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.
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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 351 | $3.95B |
| Q1 2026 | 356 | $4.26B |
| Q4 2025 | 343 | $4.19B |
| Q3 2025 | 321 | $4.11B |
| Q2 2025 | 312 | $3.60B |
| Q1 2025 | 306 | $3.78B |
| Q4 2024 | 301 | $3.31B |
| Q3 2024 | 276 | $2.19B |
| Q2 2024 | 256 | $1.91B |
| Q1 2024 | 255 | $1.46B |
| Q4 2023 | 263 | $1.66B |
| Q3 2023 | 258 | $1.67B |
| Q2 2023 | 232 | $790.5M |
| Q1 2023 | 235 | $966.6M |
| Q4 2022 | 244 | $1.10B |
| Q3 2022 | 234 | $1.33B |
| Q2 2022 | 233 | $1.50B |
| Q1 2022 | 213 | $1.83B |
| Q4 2021 | 226 | $1.92B |
| Q3 2021 | 218 | $1.82B |
| Q2 2021 | 224 | $2.14B |
| Q1 2021 | 244 | $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.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Forum Financial Management, LP | 5,423 | $222.3K | 0.00% | 00.0% | Unchanged |
| Greenleaf Trust | 5,502 | $225.6K | 0.00% | +43+0.8% | Added |
| Nisa Investment Advisors, LLC | 5,636 | $231.1K | 0.00% | −27−0.5% | Reduced |
| Inspire Advisors, LLC | 5,727 | $234.8K | 0.02% | −6,181−51.9% | Reduced |
| Sterling Capital Management LLC | 5,787 | $237.3K | 0.00% | −1,108−16.1% | Reduced |
| Tower Research Capital LLC (TRC) | 5,807 | $238.1K | 0.01% | +321+5.9% | Added |
| HighTower Advisors, LLC | 5,866 | $240.5K | 0.00% | +240+4.3% | Added |
| HB Wealth Management, LLC | 5,883 | $241.2K | 0.00% | +194+3.4% | Added |
| Captrust Financial Advisors | 6,026 | $247.1K | 0.00% | +220+3.8% | Added |
| Journey Strategic Wealth LLC | 6,034 | $247.4K | 0.01% | +6,034 | New |
| Lighthouse Investment Partners, LLC | 6,300 | $258.3K | 0.01% | +6,300 | New |
| Bartlett & Co. Wealth Management LLC | 6,354 | $260.5K | 0.00% | 00.0% | Unchanged |
| GAMMA Investing LLC | 6,382 | $261.7K | 0.01% | +222+3.6% | Added |
| Covestor Ltd | 6,428 | $264.0K | 0.14% | −10.0% | Reduced |
| CIBC World Markets Corp | 6,588 | $270.1K | 0.00% | +6,588 | New |
| Pallas Capital Advisors LLC | 7,040 | $288.6K | 0.01% | +43+0.6% | Added |
| Crossmark Global Holdings, Inc. | 7,095 | $290.9K | 0.00% | 00.0% | Unchanged |
| Wealth Enhancement Advisory Services, LLC | 7,197 | $292.0K | 0.00% | +92+1.3% | Added |
| Ballentine Partners, LLC | 7,362 | $301.8K | 0.00% | −351−4.6% | Reduced |
| Waldron Private Wealth LLC | 7,400 | $303.4K | 0.01% | 00.0% | Unchanged |
| RSM US Wealth Management LLC | 7,756 | $317.1K | 0.00% | −594−7.1% | Reduced |
| Xponance, Inc. | 7,891 | $323.5K | 0.00% | +50+0.6% | Added |
| Ameritas Investment Partners, Inc. | 8,083 | $331.4K | 0.01% | −237−2.8% | Reduced |
| Cetera Investment Advisers | 8,564 | $351.1K | 0.00% | +8,564 | New |
| Savant Capital, LLC | 8,811 | $361.2K | 0.00% | +2,398+37.4% | Added |
| Teacher Retirement System of Texas | 8,847 | $362.7K | 0.00% | −10,877−55.1% | Reduced |
| Sequoia Financial Advisors, LLC | 8,879 | $364.0K | 0.00% | +1,120+14.4% | Added |
| Carlson Capital L P | 9,000 | $369.0K | 0.18% | +9,000 | New |
| Occudo Quantitative Strategies LP | 9,046 | $370.9K | 0.02% | +9,046 | New |
| Toroso Investments, LLC | 9,182 | $376.5K | 0.00% | −2,220−19.5% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 9,494 | $389.3K | 0.00% | −2,865−23.2% | Reduced |
| O'Shaughnessy Asset Management, LLC | 9,525 | $390.5K | 0.00% | −909−8.7% | Reduced |
| Pensionmark Financial Group, LLC | 9,623 | $394.5K | 0.01% | −577−5.7% | Reduced |
| Oxford Asset Management LLP | 9,625 | $394.6K | 0.14% | −7,124−42.5% | Reduced |
| Ensign Peak Advisors, Inc | 9,750 | $399.8K | 0.00% | −16,850−63.3% | Reduced |
| Pathstone Holdings, LLC | 9,768 | $400.5K | 0.00% | +2,351+31.7% | Added |
| CIBC Asset Management Inc | 9,804 | $402.0K | 0.00% | +232+2.4% | Added |
| Highbridge Capital Management LLC | 10,000 | $410.0K | 0.02% | 00.0% | Unchanged |
| Resources Investment Advisors, LLC. | 10,035 | $411.4K | 0.00% | +135+1.4% | Added |
| Neuberger Berman Group LLC | 10,422 | $427.3K | 0.00% | +2,406+30.0% | Added |
| US Bancorp | 10,443 | $428.2K | 0.00% | −11−0.1% | Reduced |
| JustInvest LLC | 10,774 | $441.7K | 0.00% | +180+1.7% | Added |
| Axq Capital, LP | 10,934 | $448.3K | 0.10% | +4,258+63.8% | Added |
| Gabelli & Co Investment Advisers, Inc. | 11,000 | $451.0K | 0.07% | −43,428−79.8% | Reduced |
| Mariner, LLC | 11,332 | $464.8K | 0.00% | −15,871−58.3% | Reduced |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | 11,570 | $474.4K | 0.01% | +2,251+24.2% | Added |
| Public Employees Retirement Association of Colorado | 11,670 | $478.0K | 0.00% | 00.0% | Unchanged |
| Profund Advisors LLC | 12,043 | $493.8K | 0.02% | +12,043 | New |
| Evergreen Capital Management LLC | 12,190 | $499.8K | 0.01% | −115−0.9% | Reduced |
| Magnetar Financial LLC | 12,555 | $514.8K | 0.01% | +12,555 | New |
| Cerity Partners LLC | 12,556 | $514.8K | 0.00% | −3,325−20.9% | Reduced |
| STRS Ohio | 12,600 | $516.6K | 0.00% | −17,100−57.6% | Reduced |
| Mackenzie Financial Corp | 12,939 | $528.0K | 0.00% | −4,272−24.8% | Reduced |
| Tudor Investment Corp Et Al | 12,904 | $529.1K | 0.00% | +12,904 | New |
| Quantbot Technologies LP | 13,232 | $542.5K | 0.02% | −23,443−63.9% | Reduced |
| The PNC Financial Services Group, Inc. | 14,316 | $587.0K | 0.00% | −82−0.6% | Reduced |
| Maryland State Retirement & Pension System | 14,362 | $588.8K | 0.01% | +233+1.6% | Added |
| Pictet Asset Management Holding SA | 14,696 | $602.5K | 0.00% | +1,311+9.8% | Added |
| Callan Family Office, LLC | 14,877 | $610.0K | 0.01% | +489+3.4% | Added |
| Bridgewater Associates, LP | 14,967 | $613.6K | 0.00% | +14,967 | New |
| CI Private Wealth, LLC | 15,033 | $616.4K | 0.00% | −211−1.4% | Reduced |
| LPL Financial LLC | 15,208 | $623.5K | 0.00% | −26,161−63.2% | Reduced |
| New Age Alpha Advisors, LLC | 15,454 | $633.6K | 0.03% | +14,234+1,166.7% | Added |
| Mitsubishi UFJ Trust & Banking Corp | 15,944 | $653.7K | 0.00% | +6,895+76.2% | Added |
| Fidelis Capital Partners, LLC | 16,598 | $680.5K | 0.05% | −34−0.2% | Reduced |
| Quest Partners LLC | 16,803 | $688.9K | 0.04% | +3,231+23.8% | Added |
| Elo Mutual Pension Insurance Co | 16,859 | $691.2K | 0.01% | −2,475−12.8% | Reduced |
| Cambria Investment Management, L.P. | 17,396 | $713.2K | 0.04% | +2,744+18.7% | Added |
| T3 Companies, LLC | 17,436 | $714.9K | 0.92% | +17,436 | New |
| Laurion Capital Management LP | 18,154 | $744.3K | 0.05% | +18,154 | New |
| Amundi | 18,554 | $760.7K | 0.00% | −7,945−30.0% | Reduced |
| ProShare Advisors LLC | 19,345 | $793.1K | 0.00% | +608+3.2% | Added |
| Aquatic Capital Management LLC | 19,468 | $798.2K | 0.02% | −20,749−51.6% | Reduced |
| CSS LLC | 19,835 | $813.2K | 0.05% | +335+1.7% | Added |
| Creative Planning | 20,160 | $826.5K | 0.00% | −2,501−11.0% | Reduced |
| Fox Run Management, L.L.C. | 20,205 | $828.4K | 0.13% | +20,205 | New |
| Axecap Investments, LLC | 20,290 | $831.9K | 0.51% | −41,910−67.4% | Reduced |
| Envestnet Portfolio Solutions, Inc. | 20,618 | $845.3K | 0.00% | +123+0.6% | Added |
| Acadian Asset Management LLC | 20,952 | $857.0K | 0.00% | +20,952 | New |
| First Citizens Bank & Trust Co | 21,266 | $871.9K | 0.02% | −89−0.4% | Reduced |
| Oregon Public Employees Retirement Fund | 22,522 | $923.4K | 0.01% | +400+1.8% | Added |
| XTX Topco Ltd | 22,690 | $930.3K | 0.02% | +13,327+142.3% | Added |
| Neo Ivy Capital Management | 22,696 | $930.5K | 0.15% | +22,696 | New |
| Squarepoint Ops LLC | 22,876 | $937.9K | 0.00% | −381,818−94.3% | Reduced |
| Vident Advisory, LLC | 23,117 | $947.8K | 0.01% | −1,503−6.1% | Reduced |
| HSBC Holdings PLC | 23,315 | $956.1K | 0.00% | +15,516+198.9% | Added |
| Franklin Resources Inc | 23,695 | $971.5K | 0.00% | +656+2.8% | Added |
| Landscape Capital Management, L.L.C. | 23,758 | $974.1K | 0.07% | +23,758 | New |
| Entropy Technologies, LP | 24,150 | $990.1K | 0.05% | +24,150 | New |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 24,331 | $997.6K | 0.01% | −698−2.8% | Reduced |
| Teachers Retirement System of the State of Kentucky | 24,734 | $1.01M | 0.01% | −3,433−12.2% | Reduced |
| Caxton Associates LLP | 24,740 | $1.01M | 0.02% | +24,740 | New |
| State of Tennessee, Treasury Department | 22,513 | $1.02M | 0.00% | −6,361−22.0% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 24,790 | $1.02M | 0.04% | +17,172+225.4% | Added |
| KLP Kapitalforvaltning AS | 25,200 | $1.03M | 0.00% | +700+2.9% | Added |
| Central Pacific Bank - Trust Division | 26,200 | $1.07M | 0.13% | 00.0% | Unchanged |
| Police & Firemen's Retirement System of New Jersey | 26,377 | $1.08M | 0.01% | −1,253−4.5% | Reduced |
| Quantinno Capital Management LP | 26,464 | $1.09M | 0.00% | +8,898+50.7% | Added |
| Martingale Asset Management L P | 26,718 | $1.10M | 0.03% | +400+1.5% | Added |
| Comerica Bank | 27,457 | $1.13M | 0.00% | −2,168−7.3% | Reduced |