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 |
|---|---|---|---|---|---|
| Public Sector Pension Investment Board | 340,141 | $13.9M | 0.05% | −43,222−11.3% | Reduced |
| Barclays PLC | 346,611 | $14.2M | 0.01% | −89,619−20.5% | Reduced |
| JPMorgan Chase & Co | 383,491 | $15.7M | 0.00% | −250,185−39.5% | Reduced |
| Aristeia Capital LLC | 450,000 | $18.4M | 0.52% | 00.0% | Unchanged |
| Principal Financial Group Inc | 468,462 | $19.2M | 0.01% | −6,190−1.3% | Reduced |
| Citadel Advisors LLC | 478,911 | $19.6M | 0.01% | +441,643+1,185.0% | Added |
| Private Management Group Inc | 483,079 | $19.8M | 0.58% | −16,692−3.3% | Reduced |
| Kerrisdale Advisers, LLC | 506,067 | $20.7M | 9.77% | +506,067 | New |
| Knighthead Capital Management, LLC | 516,000 | $21.2M | 1.86% | +344,061+200.1% | Added |
| Loomis Sayles & Co L P | 531,439 | $21.8M | 0.03% | +23,320+4.6% | Added |
| Norges Bank | 541,663 | $22.2M | 0.00% | +541,663 | New |
| VR Advisory Services Ltd | 573,005 | $23.5M | 3.72% | +573,005 | New |
| TCW Group Inc | 605,232 | $24.8M | 0.18% | 00.0% | Unchanged |
| Hudson Bay Capital Management LP | 750,000 | $30.8M | 0.18% | 00.0% | Unchanged |
| Healthcare of Ontario Pension Plan Trust Fund | 850,400 | $34.9M | 0.06% | −131,600−13.4% | Reduced |
| Bank of New York Mellon Corp | 858,450 | $35.2M | 0.01% | −23,462−2.7% | Reduced |
| Redwood Capital Management, LLC | 876,580 | $35.9M | 3.85% | 00.0% | Unchanged |
| UBS Group AG | 909,686 | $37.3M | 0.01% | −566,687−38.4% | Reduced |
| Northern Trust Corp | 998,345 | $40.9M | 0.01% | −60,621−5.7% | Reduced |
| Millennium Management LLC | 1,044,166 | $42.8M | 0.03% | +553,581+112.8% | Added |
| Diameter Capital Partners LP | 1,067,297 | $43.8M | 4.57% | +42,297+4.1% | Added |
| Deutsche Bank AG | 1,111,928 | $45.6M | 0.01% | −146,718−11.7% | Reduced |
| Charles Schwab Investment Management Inc | 1,130,205 | $46.3M | 0.01% | −15,398−1.3% | Reduced |
| Point72 Asset Management, L.P. | 1,137,957 | $46.7M | 0.07% | +351,119+44.6% | Added |
| Foursixthree Capital LP | 1,209,849 | $49.6M | 20.88% | −173,650−12.6% | Reduced |
| Invesco Ltd. | 1,249,344 | $51.2M | 0.00% | +62,688+5.3% | Added |
| Qube Research & Technologies Ltd | 1,282,357 | $52.6M | 0.08% | +161,130+14.4% | Added |
| 140 Summer Partners LP | 1,315,306 | $53.9M | 4.21% | +66,148+5.3% | Added |
| Davidson Kempner Capital Management LP | 1,411,700 | $57.9M | 0.85% | 00.0% | Unchanged |
| Gabelli Funds LLC | 1,526,500 | $62.6M | 0.42% | −39,170−2.5% | Reduced |
| Gamco Investors, Inc. Et Al | 1,603,026 | $65.7M | 0.63% | −47,944−2.9% | Reduced |
| Rubric Capital Management LP | 1,850,000 | $75.8M | 0.91% | +250,000+15.6% | Added |
| Morgan Stanley | 1,869,536 | $76.7M | 0.00% | −202,118−9.8% | Reduced |
| Goldman Sachs Group Inc | 2,260,497 | $92.7M | 0.01% | −605,960−21.1% | Reduced |
| Geode Capital Management, LLC | 2,415,553 | $99.1M | 0.01% | +66,814+2.8% | Added |
| American Century Companies Inc | 3,564,761 | $146.2M | 0.07% | −46,285−1.3% | Reduced |
| Oaktree Capital Management LPSuperinvestorOaktree Capital | 3,688,386 | $151.2M | 2.45% | 00.0% | Unchanged |
| State Street Corp | 4,049,385 | $166.0M | 0.01% | +58,439+1.5% | Added |
| Carronade Capital Management, LP | 4,203,594 | $172.3M | 15.84% | +523,094+14.2% | Added |
| Dimensional Fund Advisors LP | 6,392,050 | $262.1M | 0.05% | +101,482+1.6% | Added |
| Third Point LLCSuperinvestorThird Point | 6,675,000 | $273.7M | 3.76% | −32,274−0.5% | Reduced |
| Vanguard Group Inc | 11,375,121 | $466.4M | 0.01% | −121,772−1.1% | Reduced |
| BlackRock, Inc. | 14,872,075 | $609.8M | 0.01% | +6,2140.0% | Added |
| Silver Point Capital L.P. | 0 | $0 | 0.00% | −857,000−100.0% | Sold out |
| Whitebark Investors LP | 0 | $0 | 0.00% | −729,194−100.0% | Sold out |
| ThornTree Capital Partners LP | 0 | $0 | 0.00% | −531,692−100.0% | Sold out |
| Empowered Funds, LLC | 0 | $0 | 0.00% | −342,220−100.0% | Sold out |
| Stonehill Capital Management LLC | 0 | $0 | 0.00% | −320,194−100.0% | Sold out |
| Scoggin Management LP | 0 | $0 | 0.00% | −275,000−100.0% | Sold out |
| Edgestream Partners, L.P. | 0 | $0 | 0.00% | −98,067−100.0% | Sold out |
| Algert Global LLC | 0 | $0 | 0.00% | −81,631−100.0% | Sold out |
| Moore Capital Management, LP | 0 | $0 | 0.00% | −80,000−100.0% | Sold out |
| CenterBook Partners LP | 0 | $0 | 0.00% | −77,170−100.0% | Sold out |
| HRT Financial LP | 0 | $0 | 0.00% | −72,713−100.0% | Sold out |
| Susquehanna Fundamental Investments, LLC | 0 | $0 | 0.00% | −70,900−100.0% | Sold out |
| Nomura Holdings Inc | 0 | $0 | 0.00% | −36,767−100.0% | Sold out |
| Dark Forest Capital Management LP | 0 | $0 | 0.00% | −33,231−100.0% | Sold out |
| Ionic Capital Management LLC | 0 | $0 | 0.00% | −29,254−100.0% | Sold out |
| OP Asset Management Ltd | 0 | $0 | 0.00% | −11,852−100.0% | Sold out |
| Lazard Asset Management LLC | 0 | $0 | 0.00% | −11,396−100.0% | Sold out |
| Sona Asset Management (US) LLC | 0 | $0 | 0.00% | −9,398−100.0% | Sold out |
| Sumitomo Mitsui Trust Holdings, Inc. | 0 | $0 | 0.00% | −8,500−100.0% | Sold out |
| Net Worth Advisory Group | 0 | $0 | 0.00% | −8,119−100.0% | Sold out |
| Walleye Capital LLC | 0 | $0 | 0.00% | −6,797−100.0% | Sold out |
| Walleye Trading LLC | 0 | $0 | 0.00% | −6,099−100.0% | Sold out |
| Capstone Investment Advisors, LLC | 0 | $0 | 0.00% | −6,042−100.0% | Sold out |
| Innealta Capital, LLC | 0 | $0 | 0.00% | −5,551−100.0% | Sold out |
| Aster Capital Management (DIFC) Ltd | 0 | $0 | 0.00% | −2,402−100.0% | Sold out |
| State of Wyoming | 0 | $0 | 0.00% | −1,942−100.0% | Sold out |
| Bayforest Capital Ltd | 0 | $0 | 0.00% | −846−100.0% | Sold out |
| JPL Wealth Management, LLC | 0 | $0 | 0.00% | −840−100.0% | Sold out |
| Wealthspire Advisors, LLC | 0 | $0 | 0.00% | −421−100.0% | Sold out |
| Atlantic Trust, LLC | 0 | $0 | 0.00% | −65−100.0% | Sold out |
| FNY Investment Advisers, LLC | 0 | $0 | 0.00% | −34−100.0% | Sold out |
| Tortoise Investment Management, LLC | 0 | $0 | 0.00% | −20−100.0% | Sold out |
| Vermillion Wealth Management, Inc. | 0 | $0 | 0.00% | −12−100.0% | Sold out |
| True Wealth Design, LLC | 0 | $0 | 0.00% | −2−100.0% | Sold out |
| Cloud Capital Management, LLC | 0 | $0 | 0.00% | −18−100.0% | Sold out |
| CIBC Bancorp USA Inc. | – | – | – | – | Not filed |
| Wolverine Trading, LLC | – | – | – | – | Not filed |
| Cubist Systematic Strategies, LLC | – | – | – | – | Not filed |
| Shell Asset Management Co | – | – | – | – | Not filed |
| Hemington Wealth Management | – | – | – | – | Not filed |